OJK Launches SLIK Optimisation to Strengthen Access to Financing for MSMEs and 3 Million Homes Programme

The Financial Services Authority (OJK) is strengthening the national credit information infrastructure through the optimisation of the Financial Information Service System (SLIK) to improve the quality of debtor information, expand access to healthy financing, and support credit distribution to productive sectors, including Micro, Small, and Medium Enterprises (MSMEs) and the 3 Million Homes Programme. The launch of the SLIK optimisation was conducted by the Chair of the OJK Board of Commissioners, Friderica Widyasari Dewi, alongside Minister of Housing and Residential Areas Maruarar Sirait at the OJK office in Jakarta on Monday. The event was also attended by members of the OJK Board of Commissioners, leaders from ministries and institutions, Financial Services Industry players, housing developer associations, and financial sector stakeholders. Friderica stated that the SLIK optimisation is part of OJK’s commitment to improving the quality and targeting of credit and financing distribution to the public, thereby helping to maintain financial sector stability. The optimisation, which will take effect on 1 July 2026, includes accelerating the updating of credit or financing information by Financial Services Industry players to no later than three working days after repayment, as well as implementing a debtor information threshold for nominal amounts above Rp1 million to ensure the information presented remains proportional and relevant in the credit analysis process. The availability of more current, accurate, and relevant debtor information will assist financial institutions in distributing housing financing and subsidised mortgages more quickly and prudently, including within the framework of the 3 Million Homes Programme. ‘This is ultimately expected to encourage the expansion of credit and financing access for eligible members of the public, including low-income communities, MSME actors, and groups that have so far had limited access to formal financial services,’ Friderica said. However, she noted that SLIK is not the sole determinant of credit or financing approval. The decision to grant credit remains with each financial institution based on feasibility analysis, risk management, and prudential principles. Thus, the expansion of financial inclusion can proceed in tandem with strengthening credit and financing quality, consumer protection, and maintaining financial system stability. Minister Maruarar Sirait expressed appreciation for OJK’s move to optimise SLIK, which he believes will support the acceleration of housing financing distribution for the public. As of July 2026, SLIK is used by 2,169 reporting entities, including banks, financing companies, venture capital firms, microfinance institutions, pawnshops, savings and loan cooperatives, and other financial service institutions. The high utilisation of SLIK is reflected in the average of 31 million debtor information requests per month, even reaching 35.3 million inquiries in April 2026. This demonstrates that SLIK plays an increasingly strategic role in supporting the national credit and financing distribution process. The SLIK optimisation launched today is directed at achieving four mutually reinforcing main objectives: supporting national economic development programmes through expanded financing access, accelerating data updates, minimising potential public complaints regarding repaid facilities that have not been updated, and strengthening the financial ecosystem through a more credible credit reporting system to maintain financial system stability while reinforcing consumer protection. The strengthening of SLIK comes amid positive growth in financial sector intermediation performance. As of May 2026, bank credit grew by 11.51 percent year-on-year to Rp8,918 trillion, while MSME credit reached approximately Rp1,500 trillion and housing credit grew by 4.99 percent year-on-year.