18. Does my loan application in TunaiKita will have to go through BI Checking process?
According to the OJK Official Announcement No. PENG-1/PB.12/2017 on the Implementation of The Financial Information Service System (SLIK), BI Checking is rendered unavailable starting 1 January 2018 and SLIK will be effective replacing BI Checking going forward.
Under Arranger arrangement as governed by POJK77, TunaiKita works as a tech platform which facilitates both Borrowers and Lenders. We’re working with banks and other financial institutions as the Lenders to bring access to credit for the borrowers.
As part of compliance and risk mitigation process, SLIK checking (not BI Checking) might be required to verify your loan submission. Combined with TunaiKita’s cutting edge technology in loan underwriting, TunaiKita and the Lenders are hoping to bring Responsible Credit Good Living a reality for you.