Incessantly Illegal Loaning And Tripping, OJK Boss Offers Community Credit From The Government That Is Safer

Illustration (Photo: Doc. Antara)

JAKARTA - The Financial Services Authority (OJK) continues to intensify efforts to eradicate disturbing illegal online loans (pinjol).

Most recently, the Chairman of the OJK Board of Commissioners, Wimboh Santoso, appealed to the public to use loans or credit from legal institutions. He said, the government also has a program of providing credit with a small amount but with a very low margin of return on funds (interest).

"There is KUR (People's Business Credit), there are super micro loans, micro waqf banks, these products are official from the government and can be used by the public," he said during a discussion with Solopos President Director Arief Budisusilo in a video uploaded on the Espos YouTube channel. Indonesia, quoted Monday, February 14

According to Wimboh, various services from the country can be optimized by a wide audience as a source of business funds or to cover urgent needs.

“This is a secure credit, it's just a matter of how we try to expand it. So that we can take the space that was previously filled by (illegal) pinjols," he said.

For information, one of the strategic steps taken by the authorities in suppressing illegal online loans is to conduct a moratorium on the issuance of permits for new entities that want to enter this sector. Meanwhile, until now the number of legal loans registered and licensed by the OJK is recorded at 103 companies.

"I think this amount is enough. In fact, we made some improvements from that amount, such as increasing our capital, to being more careful in business activities to ensure consumer protection," he explained.

From the customer side, Wimboh also provides education to customers so they can measure their ability to pay so they don't get entangled in new debt.

"If you don't have income, don't borrow, you have to be able to measure yourself," he said.

In addition, he also encourages the public to always check the legality of lending institutions by verifying through the OJK website. If it is not listed from the 103 lending companies registered and licensed by the OJK, then it is certain that the company is a fake lender or illegal.

"The OJK together with the fintech association have made data and profiles, so if you don't include it, don't choose it," concluded Wimboh.