New OJK SLIK Rules Deemed to Ease Home Ownership for Online Loan Victims

The government, through the Ministry of Housing and Settlement Areas (PKP) and the Financial Services Authority (OJK), has officially amended the policy on the Financial Information Service System (SLIK), commonly known as BI Checking. This step is seen as a strategic response to overcome administrative obstacles that have long hindered prospective home buyers, while supporting the targets of the Three Million Houses programme under President Prabowo Subianto’s administration. The policy change, announced on 13 April 2026, introduces two main points that directly address technical barriers in the field. Secondly, the process for updating data on debt repayments has been accelerated to three days after payment, without waiting for the previous monthly cycle. The Minister of PKP, Maruar Sirait, and the Chairman of the OJK Board of Commissioners, Friderica Widyasari Dewi, emphasised that this adjustment aims to expand access to home ownership for the public. The new policy is viewed as a solution to the widespread use of online loan and paylater facilities, which often become the main barriers in KPR applications due to records of small-scale payment failures. Economic uncertainty at the start of 2026, triggered by the weakening of the Rupiah exchange rate and geopolitical conflicts, has impacted the slowdown in property sector growth. This is reinforced by Bank Indonesia data through the Indonesian Economic and Financial Statistics (SEKI), showing that combined KPR outstanding growth in 2025 only reached 7 percent. Although the FLPP segment recorded its highest ever at 278,868 units in 2025, other market segments experienced a slowdown in sales. One significant cause is the high dependence of the public on online loan (pinjol) products. Up to the first quarter of 2025, there were 15.4 million active loan users with total outstanding of Rp96 trillion and an NPL rate of 4.32 percent. Bad records on OJK’s SLIK due to pinjol often cause prospective buyers to lose the opportunity to obtain KPR, even though they have the intention and ability to settle small arrears.