BRI: Online Loan Borrowers Under IDR 1 Million Can Still Apply for KUR

PT Bank Rakyat Indonesia (Persero) Tbk has stated that business operators with a history of online loans (pinjol) under IDR 1 million are permitted to apply for People’s Business Credit (KUR). BRI’s Department Head of Product, Antonius Bangun Prasetyo, said the policy is part of a relaxation granted by the Financial Services Authority (OJK) to expand financing access for micro, small, and medium enterprises (MSMEs). “For those in this situation, we disregard the ceiling up to IDR 1 million. This means it does not become a barrier or nullify their right to borrow KUR,” Antonius said during a discussion organised by the Ministry of MSMEs in Jakarta on Wednesday. The policy aligns with the OJK’s relaxation regarding credit records in the Financial Information Service System (SLIK). Under this policy, the SLIK data displayed only includes credit with a nominal value of IDR 1 million and above, so loans below that threshold no longer hinder the public from accessing banking finance. SLIK is a system managed by the OJK to provide information on a debtor’s credit or financing history. This information is used by banks and other financial service institutions as one of the considerations in the analysis process before approving credit or financing. Nevertheless, Antonius emphasised that prospective debtors must still meet the basic KUR requirements set by the government and banks. He mentioned that one of the main conditions is having a productive business that has been running for at least six months. Additionally, prospective debtors must have business legality, which can be proven through a Business Identification Number (NIB) or a business certificate. “They must have an existing, running business first. It is not allowed if they are only planning to open a business,” he said. Besides business legality, prospective debtors must also possess valid identification in the form of an electronic identity card (e-KTP) or a certificate of KTP processing that can be verified against data from the Directorate General of Population and Civil Registration. For KUR applications above IDR 50 million, prospective debtors are also required to have an active and valid Taxpayer Identification Number (NPWP). BRI also conducts checks through the Government Programme Credit Information System (SIKP) to ensure the prospective debtor is not currently receiving KUR or other government programme credit. “If they are still enjoying another government programme credit, the old one must be settled first,” Antonius said. He added that KUR cannot be granted to active civil servants (ASN), members of the Indonesian National Armed Forces (TNI), or the National Police (Polri). However, this provision does not apply to those entering the retirement preparation period or who have already retired. In addition to fulfilling administrative requirements, Antonius mentioned that prospective debtors will also undergo an assessment process by the bank, including an evaluation of their credit payment track record as one of the considerations in KUR approval. The KUR programme is a government-subsidised financing scheme aimed at improving capital access for MSMEs. BRI recorded that the realisation of KUR distribution from January to May 2026 reached IDR 84.36 trillion, equivalent to 46.87 percent of the total 2026 allocation of IDR 180 trillion.