OJK Blocks 611 Illegal Loans as of November 15, 2025, Protecting Consumers from Predatory practices
Jakarta, Indonesia – The Financial Services Authority (OJK) has blocked 611 illegal online lending (pinjol) platforms as of November 15, 2025, in a continuing effort to protect Indonesian consumers from predatory lending practices adn data security breaches. This action represents a meaningful escalation in the OJK’s crackdown on unauthorized financial services operating within the country.
The increasing prevalence of illegal pinjol poses a significant risk to financial stability and individual well-being. These platforms often lure borrowers with promises of fast and easy loans, but frequently impose exorbitant interest rates, hidden fees, and engage in unethical debt collection tactics, including harassment and threats. The OJK’s intervention aims to safeguard vulnerable citizens and maintain trust in the formal financial system.
The OJK regularly updates its list of blocked illegal pinjol, accessible to the public, to help individuals identify and avoid these harmful services. As of November 15, 2025, the complete list comprises 611 platforms.
Characteristics of Illegal Loans, According to the OJK:
* Not registered or licensed by OJK
* Provide offers via SMS or WhatsApp
* High interest and fines reaching 1-4 percent per day
* Additional fees can reach 40 percent of the loan value
* Short repayment periods that deviate from the agreed terms
* Requests for access to excessive personal data (contacts, photos, videos, location) used for intimidation
* Unethical billing practices involving terror, intimidation, and harassment
* Lack of a clear complaint service and identifiable office address.
Consumers are urged to verify the legitimacy of any online lending platform through the OJK’s official channels before applying for a loan. The OJK encourages reporting of suspected illegal pinjol activity to protect others from falling victim to these schemes.