OJK Grants 3-Year Credit Restructuring for NTT Disaster Victims, Bolsters SLIK Data for KUR Lending
Announced after a cabinet-level economic meeting attended by the OJK chair, BI governor and deputy trade minister, the package covers eight quake-hit regencies and a data-backed push for microcredit in 2027.
Indonesia's Financial Services Authority (OJK) announced on 11 November that debtors affected by the magnitude 7.7 earthquake across eight regencies of East Nusa Tenggara can have their loans restructured for up to three years, applying disaster-relief rules under POJK 19/2022: credits up to Rp10 billion are assessed by payment conduct, restructured loans remain classified current, and new financing is exempted from single-obligor limits.
The measures apply across banks, multifinance, venture capital and P2P lenders. The same coordinated meeting — attended by OJK chair Friderica Widyasari Dewi, Bank Indonesia governor Destry Damayanti and deputy trade minister Dyah Roro Esting — also agreed to strengthen the credit information system (SLIK) as the data backbone for 2027 microcredit (KUR) and SME lending distribution.
The combination of mass restructuring and an expanded, SLIK-backed microcredit pipeline translates into a surge of credit file rework and new underwriting across the lending spectrum — work that remains heavily manual at smaller banks and BPRs.