OJK Relaxes SLIK: Under-Rp1 Million Credit Records Will No Longer Appear — What It Means for Housing Finance Compliance

Executive Summary

Indonesia’s Financial Services Authority (OJK) has adjusted its Financial Information Services System (SLIK) policy so that only credit records above Rp1 million will appear in the system. At the same time, OJK will accelerate credit-settlement data updates to a maximum of H+3 to make bank-side verification more efficient.

The policy is intended to support faster access to housing finance, especially for subsidized mortgage applicants, and to remove friction caused by very small historical credit records. For financial institutions, however, the move also raises important questions around credit screening, operational readiness, prudential controls, and the governance of alternative risk indicators.

What Happened

Based on Kontan reporting, OJK Chair Friderica Widyasari Dewi said that under the latest policy, SLIK will only display credit records above Rp1 million. She said the decision was made after evaluation and discussion while still prioritizing prudential principles.

OJK also announced that credit-settlement updates in SLIK would be accelerated to a maximum of H+3 so that verification processes in the banking system can move more efficiently. In addition, OJK is opening SLIK access for Tapera to support faster housing-finance distribution and is preparing a broader SLIK regulatory overhaul targeted for completion by the end of June 2026 in support of the government’s 3 million homes program.

Why This Matters

This is not merely a technical system update. It is a regulatory signal about how access-to-finance policy is being balanced against prudential screening mechanisms. For banks, housing-finance institutions, and public-finance stakeholders, the change affects both underwriting operations and compliance expectations.

• First, credit eligibility screening may shift in practice. When very small credit records are no longer visible in SLIK, lenders may need to reassess whether their current credit-verification controls still deliver the intended risk visibility.
• Second, operational timelines will matter more. Faster H+3 settlement updates can improve customer experience and approval turnaround, but only if internal processes, reconciliations, and downstream verification workflows are aligned.
• Third, prudential governance remains in focus. Even though the rule is designed to widen access, institutions are still expected to uphold prudent lending standards and avoid weakening credit-risk discipline.

Bitlion View

From Bitlion’s perspective, this adjustment highlights a familiar regulatory pattern: the regulator is reducing friction to support a public-policy goal, but institutions remain responsible for implementing the change in a controlled and auditable way. In this case, housing-finance access is being widened, yet lenders still need to maintain defensible risk frameworks.

That means the real compliance question is not only whether institutions adopt the updated SLIK rule, but whether they redesign their procedures, controls, and documentation to show that prudential standards remain intact after the policy change.

What Companies Should Do Next

1. Review underwriting and verification procedures to assess how the new SLIK display threshold affects screening outcomes.
2. Update internal SOPs and control documentation so teams can show how the revised rule is reflected in lending operations.
3. Test operational readiness for H+3 data refreshes, including reconciliations, exception handling, and turnaround expectations.
4. Reassess alternative risk indicators if institutions previously relied on small-value credit records as part of eligibility reviews.
5. Align governance with policy intent by balancing wider access-to-finance goals with prudent lending and evidence-based risk management.

Closing Note

OJK’s SLIK adjustment is a meaningful policy move for housing-finance access in Indonesia, especially for lower-income borrowers seeking subsidized mortgages. But for regulated institutions, the change is not simply about faster approvals. It is about proving that broader access can be delivered without compromising prudential discipline, operational control, or compliance accountability.

Primary source: Kontan.