What is BI Checking and Is It the Same as SLIK OJK? Here's How to Check It and Its Functions
The term BI Checking frequently arises when someone applies for a loan, from mortgages and vehicle credit to credit cards. Many view BI Checking as the primary determinant of whether a credit application is approved or rejected by banks or financial institutions.
BI Checking essentially relates to an individual’s credit history, including whether instalments are paid smoothly or have ever been overdue. This information serves as crucial consideration for lenders in assessing risk before approving credit.
However, it should be noted that the term BI Checking is no longer in use. Currently, the system has been replaced by SLIK OJK. So, what is BI Checking, how to check it, and what are its functions? Read the full explanation below.
What is BI Checking?
Referring to the book Utang Cerdas Masa Depan Kaya by Stanley Christian, BI Checking is a report issued by Bank Indonesia (as the central bank) containing an individual’s loan history in the banking sector. In other words, BI Checking is used to view credit track records, from whether someone has loans, their amounts, to the history of instalment payments.
Through BI Checking, banks or financial institutions can determine if a customer has experienced payment delays or even been placed on a blacklist. All this information becomes important consideration in assessing someone’s creditworthiness.
If an individual has a poor loan history or is classified as bad credit, it will be difficult for them to obtain loan approval. Conversely, if the credit history is smooth, the loan application process will be easier to proceed to the next stage.
Is BI Checking the Same as SLIK OJK?
Based on information shared via the official OJK Instagram account @ojkindonesia, the term BI Checking is no longer used. The system has now been replaced by SLIK (Sistem Layanan Informasi Keuangan), managed by OJK.
In terms of function, BI Checking and SLIK are essentially the same, both containing records of debtors’ credit or financing histories. The difference is that it was previously managed by Bank Indonesia, but now the system is under OJK’s management with a broader and more integrated data scope.
Through SLIK, banks or financial institutions can view the collectibility status (KOL) of debtors, including whether credit is smooth or delinquent. Additionally, SLIK includes data on financing facilities, collateral data, and other information reported by various parties such as financial institutions, the public, and Credit Information Management Institutions (LPIP).
The types of credit history data recorded in SLIK include:
Motor Vehicle Credit (KKB)
Mortgage (KPR)
Paylater loans reported by the lending bank to OJK
Online loans registered with OJK reported by the lending bank to OJK
Credit Cards
Unsecured Personal Loans (KTA)
Other collateralised loans
People’s Business Loans (KUR)
Functions of BI Checking for Customers and Banks
Quoting the book Bebaskan Utangmu: 27 Studi Kasus Menyelesaikan Utang Secara Legal by Pulo Siregar, BI Checking is typically conducted by banks when receiving credit applications from customers or prospective customers. The purpose is to obtain the latest information on loan status, including whether someone has credit at other banks, where those loans are, and their payment history.
Through the information system previously managed by Bank Indonesia (and now transitioned to SLIK under OJK), all this data can be accessed quickly online. This facilitates banks in assessing the risk profile of prospective debtors in just minutes.
The results of BI Checking then become one of the important factors in determining whether a credit application can be approved or not. This process is also part of implementing prudent banking principles, so that credit disbursement remains safe and avoids default risks.
How to Check BI Checking (SLIK OJK)
Quoting the official OJK website, here are the ways to check BI Checking offline or online.
- How to Check BI Checking (SLIK OJK) Offline
The SLIK applicant visits the local OJK office in person
Brings the required documents for the SLIK Debtor Information application
- How to Check BI Checking (SLIK OJK) Online
Open the application via the idebku.ojk.go.id website
Click the ‘Registration’ menu on the main page of the iDebku OJK application
The applicant fills in the registration data completely and accurately
Upload photos/scans of original required documents for iDeb request
Click ‘Submit Application’
After successful registration, the applicant will receive an email from OJK containing, among other things, the registration number information
The applicant can check the application status in the ‘Service Status’ menu by entering the registration number
OJK will process the iDeb application and send the iDeb results via the applicant’s email no later than 1 working day after registration
Meaning of BI Checking Scores
Quoting the book Wealth Management: Growth, Diversification, and Modern Asset Distribution by Andi Tenri Harahap et al., scores in BI Checking are divided on a scale of 1 to 5. These scores are known as collectibility (KOL), indicating the level of smoothness in credit payments. Here are the details:
- Score 1: Smooth Credit, mean