Debt Unpaid for 90 Days Not Considered Cleared, Online Loan Debt Increases Instead

The Financial Services Authority (OJK) through Circular Letter No. 19/SEOJK.06/2025 on the Implementation of Technology-Based Peer-to-Peer Lending Services explains that online loan (pinjol) debts that fail to be paid or are delayed for 90 days do not mean they are waived. This counters the perception in society that such pinjol debts unpaid within that period are considered waived or no longer collected. If a debtor fails to pay for 90 days, it is categorised as non-performing credit. The Indonesian Peer-to-Peer Lending Fintech Association (AFPI) indeed limits direct debt collection for pinjol to a maximum of 90 days after the due date. However, after that, the company internally is no longer permitted to collect it, which is recommended to prevent unjust collection practices. The obligation to pay remains attached, and if left unpaid, the debt actually grows due to fines and accruing interest. Even after 90 days past the due date, collection can still be carried out through third parties, such as appointing officially certified debt collectors from AFPI and OJK. In addition, debtors whose pinjol credit is non-performing for 90 days enter the blacklist of OJK’s Financial Information Services System (SLIK). The higher the SLIK OJK score, the more difficult access to other financial services in the future becomes. The existence of illegal pinjol sites has the potential to harm the public because they lack operating permits. Besides illegal pinjol sites, OJK has also halted two illegal investment offers. “In addition, two illegal investment offers from various sites and applications that have the potential to harm the public have been stopped,” said the Executive Head of the Supervisor of Business Actors’ Behaviour in Financial Services, Education, and Consumer Protection at OJK, Dicky Kartikoyono, on Monday (6/4/2026). This effort is to protect the public from illegal pinjol practices that are very detrimental.