New Regulation: Those with Bad Credit Under Rp1 Million Can Apply for Mortgages
Jakarta, CNBC Indonesia — The Financial Services Authority (OJK) will support the acceleration of the government’s priority programme to provide three million homes through relaxed credit policies for the public. In this regard, OJK, which serves as the supervisor and regulator of financial services, is providing support through policies on the Financial Services Information System (SLIK).
OJK Commissioner Chair Friderica Widyasari Dewi stated that OJK has decided to display only credits with amounts above Rp1 million in SLIK.
“In yesterday’s Commissioners’ Meeting, we decided that in the SLIK report, the information to be displayed will be credits with amounts above Rp1 million, whether based on the accumulated credit record of the debtor or the outstanding debit balance,” said Friderica in a written statement during a meeting with the Minister of Housing and Settlement Areas of the Republic of Indonesia, Maruarar Sirait, at the OJK Tower Radius Prawiro Office, quoted on Tuesday (14/4/2026).
As is known, SLIK is a record of information used as one of the considerations in the credit or financing analysis process. SLIK is often used by banks to assess approvals for mortgage (KPR) applications.
In addition, OJK has also decided to accelerate the updating of loan repayment statuses in SLIK to a maximum of three working days after repayment is made. This policy is expected to help speed up the housing financing application process.
“When someone has repaid their loan, within a maximum of three days, the repayment status will appear in SLIK, to be implemented no later than the end of June 2026. This is important to help developer partners accelerate the housing financing process,” said Friderica.
On the other hand, to support the acceleration of the housing programme, OJK is also granting access to BP Tapera for SLIK data in accordance with applicable provisions. This step is expected to support the acceleration of providing housing financing facilities, which is BP Tapera’s mandate.
Furthermore, OJK through the Executive Head of Insurance, Guarantee, and Pension Fund Supervision will issue a confirmation regarding the recognition of subsidised Home Ownership Credit (KPR) as a government priority programme.
This confirmation is deemed important because it has implications for the guarantee aspect in housing financing.
OJK together with the Ministry of Housing and Settlement Areas will also form a Task Force for Accelerating the 3 Million Homes Programme. This task force will involve OJK, the Ministry of Housing and Settlement Areas, BP Tapera, developer associations, and other related stakeholders to strengthen coordination and accelerate the resolution of various housing programme obstacles related to the financial services sector.
In addition, OJK will add a confirmation in SLIK information that the data in SLIK does not automatically determine whether credit or financing is approved or rejected by financial services business actors.
Previously, OJK has also undertaken various efforts to support the government’s programme in providing homes for Low-Income Communities (MBR), including through OJK Letter No. S-2/D.03/2025 dated 14 January 2025 regarding Support for the Government’s Programme in Providing Homes to Low-Income Communities and Improving the Quality of SLIK Reporting.
Through that letter, OJK emphasised that SLIK contains neutral information and is not a blacklist. OJK also emphasised that there are no provisions prohibiting the granting of credit or financing to debtors who have credits with qualities other than current, including if combined with other credit or financing facilities, especially for small-value credits or financing.
In addition, the decision to grant KPR to MBR remains the authority of each bank, considering prudent principles and risk mitigation. OJK also continues to urge banks to improve the quality of SLIK data, including periodic data updates.
“OJK will continue to support and encourage various steps that can be taken to accelerate the achievement of the 3 million homes programme. This is one form of our support,” she concluded.