Illegal Lending Is Also Rampant In Papua, OJK Calls It Because Of The Ease Of Access

Head of the OJK Office for Papua and West Papua Provinces, Adolf Fictor Tunggul Simanjuntak/ ANtara

JAYAPURA - The Financial Services Authority (OJK) of the Provinces of Papua and West Papua, said the driving factor for the rise of illegal online loans was the ease of accessing these fintechs.

Head of the OJK Office for Papua and West Papua Provinces, Adolf Fictor Tunggul Simanjuntak, said that in addition, the difficulty of eradicating, the low literacy rate and the existence of an urgent need were also the causes. "From 2019 to 2021 OJK has received 19,711 complaints with details of 9,270 serious violations and 10,441 minor or moderate violations," said Adolf as quoted by Antara, Sunday, October 24. According to Adolf, the OJK Office for Papua and West Papua Provinces has received 45 complaints related to online loans throughout 2021. 2018 to date, has blocked as many as 3,516 illegal online loan applications or sites. "Some characteristics of illegal online loans are not registered and licensed at the OJK, the address of the organizer is unclear or strange and often changes names," he said. He explained not only that, the source information that offers unknown loans, application websites that ask for full automatic access in addition to camera, microphone and location, poor service history, billing tends to be rude and unethical, and against the law.

"Even these illegal online loans charge high interest rates, large fees and unlimited fines," he said again.

He added that if you get unethical billing (terror, intimidation, and harassment) then block the contact number that is terrorizing, immediately notify all contacts on your cellular phone to ignore messages from illegal online loans, immediately report to the police and attach a police report to the contact of the collection that is still pending. It appears. Just to note, P2P Lending fintech or better known by the public as online loans is a direct lending and borrowing service between creditors or lenders (lenders) and debtors or borrowers (loan recipients) based on information technology.