Special SLIK Policy to be Introduced for Subsidised Housing Financing

The Financial Services Authority (OJK) is set to issue a special policy regarding the OJK Financial Services Information System (SLIK) to support subsidised housing for the public. This responds to issues faced by the public in the field, particularly related to the current housing finance options. “Minister of Housing and Settlement Areas (PKP) Maruarar Sirait conveyed hopes and problems occurring in the field related to SLIK. We welcome what the Minister has conveyed, and we will, God willing, issue a special policy related to SLIK,” stated OJK Commissioner Chairman Friderica Widyasari Dewi in Jakarta on Monday. She explained that SLIK has a good purpose: to provide a track record to financial services actors regarding individuals and how individuals are responsible for their behaviour in the financial sector. “However, we understand the concerns, so we will set a threshold for the information submitted in SLIK not from zero. Currently, even one rupiah, two rupiah, three rupiah is recorded. This is one of our efforts to support the programme from the President of the Republic of Indonesia,” said Friderica, or familiarly known as Kiki. Furthermore, the People’s Housing Savings Management Agency (BP Tapera) will also greatly benefit if it can access SLIK. Kiki stated that OJK views BP Tapera as a state institution that is certainly trusted to access SLIK to facilitate and accelerate assistance for low-income communities (MBR) to obtain the housing programme. OJK is ready to support this. “Regarding SLIK, there were previously complaints from housing developers that if someone has completed repayment, the information takes a long time to appear in SLIK, up to 1.5 months later. We have made technical adjustments to ensure it is a maximum of three days,” she said. According to her, information about repayment completion or changes in financial records in SLIK will be visible to developers, who can convey it to banks so that they can obtain financing and so on.