Business · Economy · 1 day ago
How borrowers in Indonesia can address a poor SLIK credit record
Indonesia’s Financial Services Authority, known as OJK, keeps credit records in a system called SLIK, previously known as BI Checking.
Banks and other lenders use these records when assessing loan applications, and online lending history can also affect a borrower’s record.
SLIK scores range from 1, the strongest, to 5, which indicates problem debt.
Borrowers with scores of 3 to 5 need to address their records before applying for credit, while scores of 1 and 2 can apply to banks without difficulty related to their score.
People can check their own records through OJK’s iDebKu website.
If a debt is still unpaid, the borrower must pay it; if a record appears to be wrong, they should contact the relevant party.
OJK says records are usually updated within 30 days of repayment, and borrowers can request a letter confirming the debt is paid.
Indonesia’s financial regulator says borrowers can have their SLIK credit data updated after paying debts or taking other steps under applicable rules.
Borrowers with unpaid arrears must settle their obligations to clear a poor credit record, according to the article.
People who believe a record is wrong should contact or report the issue to the relevant party.
SLIK data can be checked through the official iDebku website.
Data updates are usually made within 30 days of repayment, and borrowers can request a paid-off certificate as proof.
- Who
- Borrowers in Indonesia with poor or possibly incorrect SLIK credit records.
- What
- They can settle unpaid debts or report suspected errors to address their records.
- When
- Data is usually updated within 30 days after repayment.
- Where
- Indonesia’s Financial Information Service System (SLIK), overseen by the Financial Services Authority (OJK).
- Why
- Poor credit records can make it difficult or impossible to obtain credit from financial institutions.
This story does not have two clearly opposing sides.
data SLIK dapat dilakukan pembaruan apabila peminjam (borrower) telah melakukan pembayaran atau melakukan langkah-langkah sesuai dengan ketentuan yang berlaku
The Real Estate Indonesia Association said 40% of home-loan applications were rejected because of poor credit scores, which it attributed to online-loan arrears.
SLIK data is usually updated within a maximum of 30 days.
- Credit-score scale
- SLIK scores range from 1 to 5.
- Credit access
- Borrowers with scores 1 and 2 can apply for bank credit without problems, while those with scores 3, 4 and 5 need to improve their records.
- Record check
- idebku.ojk.go.id
- Update period
- Usually within 30 days after repayment
- Proof of repayment
- Borrowers can request a surat keterangan lunas (SKL), or paid-off certificate.
Sources
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