The term BI Checking frequently arises when someone applies for a\nloan, from mortgages and vehicle credit to credit cards. Many view BI\nChecking as the primary determinant of whether a credit application is\napproved or rejected by banks or financial institutions.<\/p>\n
BI Checking essentially relates to an individual\u2019s credit history,\nincluding whether instalments are paid smoothly or have ever been\noverdue. This information serves as crucial consideration for lenders in\nassessing risk before approving credit.<\/p>\n
However, it should be noted that the term BI Checking is no longer in\nuse. Currently, the system has been replaced by SLIK OJK. So, what is BI\nChecking, how to check it, and what are its functions? Read the full\nexplanation below.<\/p>\n
What is BI Checking?<\/p>\n
Referring to the book Utang Cerdas Masa Depan Kaya<\/em> by\nStanley Christian, BI Checking is a report issued by Bank Indonesia (as\nthe central bank) containing an individual\u2019s loan history in the banking\nsector. In other words, BI Checking is used to view credit track\nrecords, from whether someone has loans, their amounts, to the history\nof instalment payments.<\/p>\n Through BI Checking, banks or financial institutions can determine if\na customer has experienced payment delays or even been placed on a\nblacklist. All this information becomes important consideration in\nassessing someone\u2019s creditworthiness.<\/p>\n If an individual has a poor loan history or is classified as bad\ncredit, it will be difficult for them to obtain loan approval.\nConversely, if the credit history is smooth, the loan application\nprocess will be easier to proceed to the next stage.<\/p>\n Is BI Checking the Same as SLIK OJK?<\/p>\n Based on information shared via the official OJK Instagram account\n@ojkindonesia<\/span>,\nthe term BI Checking is no longer used. The system has now been replaced\nby SLIK (Sistem Layanan Informasi Keuangan), managed by OJK.<\/p>\n In terms of function, BI Checking and SLIK are essentially the same,\nboth containing records of debtors\u2019 credit or financing histories. The\ndifference is that it was previously managed by Bank Indonesia, but now\nthe system is under OJK\u2019s management with a broader and more integrated\ndata scope.<\/p>\n Through SLIK, banks or financial institutions can view the\ncollectibility status (KOL) of debtors, including whether credit is\nsmooth or delinquent. Additionally, SLIK includes data on financing\nfacilities, collateral data, and other information reported by various\nparties such as financial institutions, the public, and Credit\nInformation Management Institutions (LPIP).<\/p>\n The types of credit history data recorded in SLIK include:<\/p>\n Motor Vehicle Credit (KKB)<\/p><\/li>\n Mortgage (KPR)<\/p><\/li>\n Paylater loans reported by the lending bank to OJK<\/p><\/li>\n Online loans registered with OJK reported by the lending bank to\nOJK<\/p><\/li>\n Credit Cards<\/p><\/li>\n Unsecured Personal Loans (KTA)<\/p><\/li>\n Other collateralised loans<\/p><\/li>\n People\u2019s Business Loans (KUR)<\/p><\/li>\n<\/ol>\n Functions of BI Checking for Customers and Banks<\/p>\n Quoting the book Bebaskan Utangmu: 27 Studi Kasus Menyelesaikan\nUtang Secara Legal<\/em> by Pulo Siregar, BI Checking is typically\nconducted by banks when receiving credit applications from customers or\nprospective customers. The purpose is to obtain the latest information\non loan status, including whether someone has credit at other banks,\nwhere those loans are, and their payment history.<\/p>\n Through the information system previously managed by Bank Indonesia\n(and now transitioned to SLIK under OJK), all this data can be accessed\nquickly online. This facilitates banks in assessing the risk profile of\nprospective debtors in just minutes.<\/p>\n The results of BI Checking then become one of the important factors\nin determining whether a credit application can be approved or not. This\nprocess is also part of implementing prudent banking principles, so that\ncredit disbursement remains safe and avoids default risks.<\/p>\n How to Check BI Checking (SLIK OJK)<\/p>\n Quoting the official OJK website, here are the ways to check BI\nChecking offline or online.<\/p>\n The SLIK applicant visits the local OJK office in person<\/p><\/li>\n Brings the required documents for the SLIK Debtor Information\napplication<\/p><\/li>\n<\/ul>\n Open the application via the idebku.ojk.go.id website<\/p><\/li>\n Click the \u2018Registration\u2019 menu on the main page of the iDebku OJK\napplication<\/p><\/li>\n The applicant fills in the registration data completely and\naccurately<\/p><\/li>\n Upload photos\/scans of original required documents for iDeb\nrequest<\/p><\/li>\n Click \u2018Submit Application\u2019<\/p><\/li>\n After successful registration, the applicant will receive an\nemail from OJK containing, among other things, the registration number\ninformation<\/p><\/li>\n The applicant can check the application status in the \u2018Service\nStatus\u2019 menu by entering the registration number<\/p><\/li>\n OJK will process the iDeb application and send the iDeb results\nvia the applicant\u2019s email no later than 1 working day after\nregistration<\/p><\/li>\n<\/ul>\n Meaning of BI Checking Scores<\/p>\n Quoting the book Wealth Management: Growth, Diversification, and\nModern Asset Distribution<\/em> by Andi Tenri Harahap et al., scores in\nBI Checking are divided on a scale of 1 to 5. These scores are known as\ncollectibility (KOL), indicating the level of smoothness in credit\npayments. Here are the details:<\/p>\n\n
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