JAKARTA: The Financial Services Authority (OJK) has rolled out new rules for credit scoring through its Financial Information Services System (SLIK) in a bid to boost lending in productive sectors, including micro, small and medium enterprises (MSME) and for homebuyers.
Under the new rules, only data of debtors with at least one million rupiah of outstanding loans will be displayed in the SLIK to provide “relevant and proportional” information during the process of credit analysis.
The agency also requires financial institutions to expedite updates on credit repayment data in the system within three working days after the loan is resolved.
“The SLIK optimisation aims to expand healthy financing access to productive sectors, including MSMEs and the housing programme. The SLIK optimisation took effect starting on July 1, 2026,” said OJK head Friderica Widyasari Dewi in a virtual press conference on Tuesday.
The OJK, along with the Public Housing and Settlements Ministry, officially announced the launch of the so-called SLIK optimisation programme on Monday.
Authorities say the initiative is designed to achieve four main goals: supporting national economic development programmes by expanding financing access, expediting credit data updates, minimising potential complaints arising from settled loans that have yet to be reflected in the system and strengthening the financial ecosystem through a more credible credit reporting system.
The OJK also said that having more timely, accurate and relevant debtor data would help financial institutions accelerate loan disbursement for mortgages, as well as to support President Prabowo Subianto’s three million homes programme.
However, Friderica noted that the information displayed in the SLIK system was not the sole determinant of credit or financing approval, as the decision to grant credit remained with the respective financial institutions based on their credit analysis and risk management process.
According to the OJK, Indonesia has seen a high utilisation of the SLIK system, with an average of 31 million inquiries for debtor information monthly.
The number of inquiries even reached 35.3 million in April, which the OJK said it had reflected “the SLIK’s increasingly strategic role in supporting credit disbursement and national financing”.
The agency has also sought ways to boost financing access and lending in the MSME sector by strengthening rural banks (BPR) and syariah rural banks (BPRS).
In OJK Regulation No. 7/2026, which took effect on June 30, the agency aims to improve the resilience and contributions of the BPR and BPRS in the economies of the regions where they operate by pushing for consolidation and mandating them to meet a minimum core capital of six billion rupiah.
Speaking at the press conference on Tuesday, OJK chief executive for banking supervision Dian Ediana Rae said these measures would help rural banks achieve “economies of scale” to better compete in the domestic banking industry.
As of June, the OJK has approved the consolidation of 81 BPR and BPRS into 24 banks, while more than 200 rural banks are in the process of obtaining merger permits.
Dian added that the new regulation also encouraged greater synergy between rural banks and regional development banks to “increase banks’ contributions in micro credit disbursement”, as well as enhancing their governance to “strengthen the structure of regional economies”. — The Jakarta Post/ANN
