Jakarta (MidLand) – In the era of increasing digitalization, Bank Indonesia (BI) has launched a system that allows its customers to check their credit history online through the BI Checking service, now better known as SLIK OJK.
The goal is to make it easier for customers to access their credit information without having to visit the BI office directly (offline).
The information contained in BI Checking is very important because it can influence the approval or rejection of a loan application, as well as determine the terms and interest rates applied. This service serves as a tool for lenders to assess credit risk.
Why is it necessary to check BI Checking?
BI Checking is very important when a customer wants to apply for a loan, because the credit institution needs to know the credit history of the applicant.
In simple terms, they want to make sure that the borrower is reliable and will be able to repay the loan on time or not.
This information will affect your chances of getting approved for a loan. The better your credit history, the better your chances of getting approved, and the more favorable the terms of the loan you get.
So, to increase your chances of getting a loan with a good interest rate, it is important to understand how to check BI Checking.
So, how can you check BI Checking online without having to go to the trouble of visiting an offline service office? The following is the explanation.
How to Check BI Control Online
1. Open the website Italian: https://idebku.ojk.go.id.
2. Click on the “Register” option on the main page of the site.
3. Fill in the required information on the registration page.
4. Follow the next instructions until you are asked to upload the required documents, such as your KTP or passport.
5. Once registration is complete, you will receive a registration number via email.
6. To check the status of your request, go to the “Service Status” section and enter the registration number you received.
7. The results of the BI Checking exam will be sent by email within a maximum of 1 working day from registration.
BI Verification of control requirements
1. For individuals
– Self-identification, in the form of KTP (for Indonesian citizens) and Passport (for foreign citizens)
2. For businesses
– Identification of administrators of business entities, such as KTP or Passport
– Business entity taxpayer identification number (NPWP)
– Articles of Association and documents of the latest changes of the business entity
3. For deceased debtors
– Identify the heirs
– Death documents and documents confirming family relationships
Below are the 5 categories of collectability of receivables (KOL) according to the regulation number 40/POJK.03/2019 of the Financial Services Authority on the assessment of the quality of assets of commercial banks:
1. KOL 1 (Smooth)
2. KOL 2 (Special Mention)
3. KOL 3 (Less smooth)
Debtors are 91 to 120 days in arrears in principal and/or interest payments.
4. KOL 4 (In doubt)
The debtor is in default in the payment of the principal and/or interest for a period of between 121 and 180 days.
5.COL 5 (Macet)
The debtor is in default in the payment of the principal and/or interest for more than 180 days.
The BI control with KOL 1 and 2 is classified as loan in progresswhile KOL 3, 4 and 5 fall into the category non-performing loan (NPL).
According to a report by djkn.kemenkeu.go.id, KOL 5 shows the lowest level of collectibility and is classified as bad credit or NPL.
So what does KOL 5 mean in detail? The following is the explanation.
The meaning of KOL 5 means that the debtor’s principal and credit interest payments are not paid, resulting in arrears of more than 180 days.
If the debtor’s status is KOL 5, the bank can take measures such as auctioning the collateral after issuing a warning letter (SP) three times, issuing factoring, and conducting negotiations and restructuring.
KOL 5 in BI The check shows bad credit. If the customer’s name is registered in the KOL 5 status, the customer should be careful because this is included in the category non-performing loan.
The risk of pool 5 is that customers cannot apply for new credit until the bank auctions the guaranteed collateral. To remove KOL 5 status, you must pay off all debt obligations, apply for restructuring, or apply for other relief.
The BI Checking whitening process depends on the individual requesting the whitening. To find out the collectability score, customers can check SLIK online via the site Italian: https://idebku.ojk.go.id.
Read also: Understanding BI Control and its uses
Read also: OJK reminds people to be cautious if they have debts via “paylater”
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Herald: M. Hilal Eka Saputra Harahap
Publisher: Alviansyah Pasaribu
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