Support Financing 3 Million Houses, OJK And The Ministry Of PKP Will Form A Special Task Force

JAKARTA - The Financial Services Authority (OJK) revealed that to support the financing program of 3 million houses for the community, it will form a special task force with the Ministry of Housing and Settlement Areas and other relevant stakeholders to handle public complaints.

As for responding to complaints or public questions, the OJK has prepared a special complaint channel through contact 157 to make it more effective.

Chairman of the OJK Board of Commissioners Mahendra Siregar said the formation of this task force was the result of a meeting with the Minister of Housing and Settlement Areas on January 10, 2025.

"To form a special task force is the result of our meeting with the Minister of Housing and Settlement Areas last week on January 10, 2025. That is the first thing related to financing the program of 3 million houses," he said at the Press Conference, Tuesday, January 14.

In addition, Mahendra conveyed that the Financial Information Service System (SLIC) contained information that was neutral, not a blacklist or blacklist.

Meanwhile, the SLIC aims to minimize asymmetric information and expedite the credit administration process and the implementation of risk management by financial service institutions.

According to him, credible SLIC is very important in maintaining the investment climate in Indonesia in the process of providing credit or housing financing, SLIC is used as one of the information in the analysis of the feasibility of prospective debtors, but not the only determining factor.

Mahendra also emphasized that there is no OJK provision that prohibits the provision of credit or financing to debtors who have non-smooth credit, including if there is an merger of credit or other financing facilities, especially for credit or financing with a small nominal value.

"Once again, there are no OJK provisions that prohibit the provision of credit or financing for debtors who have non-smooth quality credit. Including if there will be a merger of credit or other financing facilities. Especially for credit and financing with a small nominal," he explained.

Mahendra said that as of November 2024, 2.35 million new credit accounts were recorded to debtors who previously had non-smooth loans, based on data from all whistleblowers within the SLIC.

According to Mahendra, related to various other policies that support the housing sector, namely that the quality of mortgages can be assessed based on the accuracy of payments, in accordance with POJK No. 40 of 2019 concerning the assessment of the quality of banking assets.

In addition, it is also related to various other policies that support the housing sector that the quality of mortgages can be judged only based on the accuracy of payments.

Mahendra said that for debtors with credit facilities of up to IDR 5 billion, assessment of asset quality can be done only based on the accuracy of principal or interest payments.

This implementation is looser than other credits which are assessed by three pillars, namely business prospects, debtor performance, and the ability to pay.

In addition, mortgages are also subject to low risk weight in calculating weighted assets according to risk (ATMR), in accordance with SAOJK No. 24 of 2021.

Mahendra menyampaikan Kredit untuk properti rumah tinggal dikenakan berat risiko ATMR yang rendah dibandingkan dengan kredit kepada korporasi, dengan berat risiko sebesar 20 persen berdasarkan loan to value sehingga memberi ruang bagi perbankan untuk memperluas pembiayaan KPR.