OJK Seeks to Revise SLIK to Facilitate Mortgages; BTN's Proposals
PT Bank Tabungan Negara (Persero) Tbk has highlighted the importance of opening up more detailed access to the Financial Services Information System (SLIK) so that banks can assess credit risks more accurately. BTN’s President Director Nixon LP Napitupulu believes that the phenomenon of debtors with many small but problematic loans needs attention.
According to Nixon, there has been no final decision yet regarding the policy. The banking industry is still being asked for input, and the regulation is expected to be issued in about two months.
“We are requesting it; the regulation is not final yet, perhaps in two months. So, we ask to be able to see how many accounts they have,” Nixon said during the Media Briefing on the First Quarter 2026 Performance of PT Bank Tabungan Negara (Persero) Tbk at Menara BTN, Jakarta, on Wednesday afternoon (15/4/2026).
He admitted to having encountered a case where one person had more than 30 small-value loans, ranging from credit cards and buy now pay later (BNPL) to motor vehicle credit, all of which were in default.
“I have seen it myself; one person can have more than 30 accounts. All in default. Should they still be given credit? It doesn’t make sense,” he revealed.
Nixon believes that such conditions are not always related to fraud or illegal practices. However, if the number of loans is too many and problematic, it reflects the debtor’s behaviour or character.
“If it’s one and they are a victim, for example of online loans, we understand. But if they have 30 accounts, that means it’s their character,” he said.
Therefore, he emphasised that credit decisions should remain in the hands of the banks as the parties bearing the risk.
“Let the banks decide. Because if it’s in default, the bank is responsible,” Nixon stated.
He also emphasised that the banking sector continues to respect the regulations being drafted by the authorities. Discussions with the Financial Services Authority (OJK) are ongoing and have not yet produced a final decision.
“They are still working on it. This is input from us; we just need to be patient,” he said.
According to Nixon, more comprehensive data access will help banks distinguish between debtors who are genuine victims of the system and those with poor borrowing habits.
“If someone has 30 loans, each small but all in default, are they worthy of a large credit? If they can’t even pay Rp 200,000, how can they be given hundreds of millions,” he said.
Nevertheless, BTN emphasised that SLIK is not the only reference for credit approval. BTN’s Risk Management Director Setiyo Wibowo explained that banks use the 5C principles in assessing debtors, namely character, capacity, capital, collateral, and condition.
“SLIK is just one indicator to see payment history. But credit decisions are not based solely on that,” Setiyo said.
He mentioned that the five aspects assessed include character, repayment capacity, capital, collateral, and economic conditions. Thus, customers with a good SLIK record are not automatically approved, and vice versa.
“If their salary is insufficient, they still can’t. Or if the collateral is problematic, it’s also a consideration,” he said.