OJK Blocks 611 Illegal Loans as ofโข November 15, 2025, โProtecting Consumers from Predatory practices
Jakarta, Indonesia โ – The Financial Services Authority (OJK) has blocked 611 illegal onlineโข lending (pinjol) platforms asโ of November 15, โข2025, in aโ continuing effort to protect Indonesian consumers โขfrom predatory lending โpractices adn data securityโ breaches. โThis โaction represents a meaningfulโ escalation in the OJK’s crackdown on โunauthorized financial services operating withinโ the country.
The increasing prevalenceโค of illegal pinjol poses a significant โขrisk toโฃ financial stability andโ individual well-being. These platforms often lureโ borrowers with promises of fastโ and easy loans, but frequently โimposeโค exorbitant interestโ rates, hidden fees, and engageโ in unethical debt collection tactics, โคincludingโ harassmentโค and threats. The OJK’sโ intervention aims to safeguard vulnerableโ citizens and maintain โtrust in the formal โfinancialโข system.
The OJK regularly updatesโค its list of blocked illegalโ pinjol, accessible to โคthe public, โฃto help โคindividuals identify โขand avoidโ these โharmful services. โขAs โคof November 15, 2025, the โcomplete list โขcomprises 611 platforms.
Characteristics โof Illegal Loans, Accordingโข to the OJK:
* Not โregistered or licensed byโ OJK
* Provide โคoffers via SMS or WhatsApp
* High โคinterestโค andโฃ fines reaching 1-4 percent per โขday
* โข โข Additional โfees โcan reach 40 percent of the loan value
* Short repaymentโค periods that deviate from theโ agreed terms
* Requests โคfor access to excessive โpersonal data โ(contacts, photos, videos, location) used for intimidation
* โข Unethical โbilling practices involvingโ terror, intimidation,โ and harassment
* โ Lack of a clear complaint โservice and identifiable office โaddress.
Consumers โฃare urged โคtoโ verify theโข legitimacy of โคany online lending platform throughโค the OJK’s officialโ channels before applying for a loan. The OJKโ encourages reporting ofโข suspected โคillegal pinjol activity to protect others from falling victim โto these schemes.
