Credits Under Rp 1 Million Not Included in SLIK, Experts Warn of Risks
JAKARTA, KOMPAS.com - An expert has highlighted risks that need to be anticipated from the Financial Services Authority (OJK) policy, which does not display credit information with amounts below Rp 1 million in the Financial Services Information System (SLIK) reports.
Head of Macroeconomics and Finance at Indef, M Rizal Taufikurahman, stated that conceptually, the policy aims to make it easier for the public to own homes, particularly for low-income communities (MBR) who are constrained by small nominal credit records.
Because with this new policy, banks will lose a complete picture of the overall debt history of prospective debtors.
“This step has the potential to create blind spots in risk information, as banks will no longer see small debt exposures that, if accumulated, could be significant to the debtor’s repayment capacity,” he told Kompas.com on Friday (17/4/2026).
He revealed that the most crucial risk is the emergence of debt fragmentation patterns, where debtors take out many small credits across institutions, including online loans, without detection in SLIK records.
In the medium term, this could drive an increase in the non-performing loan (NPL) ratio, especially if credit analysis quality is not strengthened.
“For example, experience in the online loan segment shows that small nominals do not always mean small risks; they can become systemic risk accumulations if not integrated,” he explained.
Therefore, he emphasised the importance of policy mitigation, including cross-sector data integration between banking, financing companies, and fintech.
“Without this strengthening, the policy risks creating an unhealthy trade-off: financial inclusion increases, but credit quality weakens, ultimately burdening the financial system stability,” he said.
Meanwhile, banking expert and Senior Vice President of the Indonesian Banking Development Institute (LPPI), Trioksa Siahaan, assessed that the impact of this policy on problematic credit risk is relatively limited.
This is because OJK’s SLIK is not the main factor in credit analysis, but merely one supporting reference.