OJK Uncovers Illegal Loans: Even Ghosts Can Borrow If You Have An ID Card

Illustrations (Photo: Doc. VOI)

JAKARTA - The Financial Services Authority (OJK) continues to encourage the public to pay attention to the legal aspects of financial institutions when using financial services and services. This was conveyed by the Chairman of the OJK Investment Alert Task Force Tongam L. Tobing following the rise of illegal online loans (pinjol) that were troubling the public.

“This Pinjol is our collective responsibility so that it does not continue to cause harm. We at OJK together with 13 institutional ministries, work hand in hand to eradicate this illegal loan,” he said in a webinar held by the Berita Satu channel titled Finding Solutions for Illegal Loans, Monday, June 21.

According to Tongam, the public can easily identify these fake peer-to-peer lending companies. The reason is, there are a number of characteristics attached to illegal borrowing.

"First, online lending companies are definitely not registered and licensed by the OJK," he said.

Two, the tendency to borrow funds from illegal loans is relatively easy, namely only with an ID card (Kartu Tanda Sipil) and a photo of yourself.

"That's why we often say that even ghosts, if they have an ID card, can borrow money," he said.

Three, the illegal financial institution is also known to ask for permission to be able to access certain contacts and data on the borrower's cell phone.

"This is a disaster, the strength of this illegal loan is in the HP contacts," he added.

Then, Tongam said that the fee from this illegal loan was quite high and exceeded the interest limit provisions set by the financial authorities in the country.

“What the borrower gets is very inhumane, the fee is very high. In fact, there was a loan amount of Rp. 1 million but only Rp. 600,000 was transferred," he explained.

Then from the interest side that is not transparent, such as the initial agreement of 0.5 percent per day to 2 percent per day. Likewise, the tenor is often shortened from the initial agreement.

"Well, if you are late paying, then this illegal loan will terrorize unethically, intimidate, and even abuse," he said.

For information, in the previous report, it was explained that as of June 18, 2021, the number of online loan providers or fintech peer-to-peer lending registered and officially licensed by the OJK was 125 companies.

The following is a complete list of fintech lending aliases that have obtained legality from the Financial Services Authority (OJK):

1. Danamas

2. investee

3. amartha

4. WALLET FAST

5. KIMO

6. CAPITAL SHOP

7. MONEY FRIENDS

8. my capital

9. FAST KTA

10. Smart Credit

11. Maucash

12. Finmas

13. Click ACC

14. Acceleration

15. Ammana.id

16. LoanGO

17.P2P Coin

18. treefund

19. BLOOM

20. Adakami

21. ESTA CAPITAL FINTEK

22. CREDITPRO

23. FINTAG

24. FAST RUPIAH

25. CROWDO

26. Indodana

27. JULO

28. Borrow Win

29. Rupiah Fund

30. Taralite

31. Borrow Capital

32. NATURAL

33.CashCloud

34. Danakini

35. Lion

36. DANAMERDEKA

37. EASYCASH

38. LOAN YUK

39. FinPlus

40. MoneyMe

41. Borrow Money

42. Sharia Fund

43. ROCK

44. Quick Cash

45. click MSME

46. Easy Borrowing

47. Installment

48. Granary

49. 360 CREDIT

50. Dhanapala

51. Credinenesia

52. Pintek

53. People's Capital

54. MY SOLUTION

55. Liquid

56. TrustIQ

57. CLICK US

58. Duha SHARIA

59. Invoila

60. Sanders One Stop Solution

61. Good Funds

62. CREDIT

63. National Capital

64. MY ACTIVITY

65. Restock.ID

66. TunaiKita

67. iGrow

68. Cashwagon

69. GRADANA

70. Findaya

71. MY ACTIVITY

72. KrediFazz

73. iLivestock

74. CROWDE

75. TaniFund

76. fund

77. Indofund.id

78. AVANTEE

79. wise funds

80. Friend Installment

81. FAST CREDIT

82. Danacita

83. Danai.id

84. DANAMART

85. samakita

86. vestia

87. My Asset

88. danfix

89. LANDSIKAM

90. ShopeePayLater

91. UKU www.ukuindo.com

92. hold hands

93. GOLD BRIDGE

94. asakita

95. qazwa

96. One Hope

97. Asadi

98. Tree+

99. edufund

100. My Finan

101. OVERALL

102. dumi

103. My Pundi

104. PRIMARY FRIENDS

105. OK!P2P

106. My Doe

107. HELP ME

108. Click Liquid

109. AdaCapital

110. my account

111. ikimodal

112. ETHIS

113. KAPITALBOOST

114. PAPITUPI

115. Fintech Sharia

116. Samir

117. Optima

118. BBX FINTECH

119. Light www.ringan.co.id

120. Cheerful Pocket

121. my sin

122.Our Solution

123. IVOJI

124. borrow

125. COIN BOX