Legal Online Loans: How to Check Whether a Platform Is Registered or Not

The convenience of online loans has attracted many people to use digital financial services. The process is fast and practical, making it easier for individuals who need additional funds.

However, behind this convenience, many illegal online lending platforms still operate and may harm users. Therefore, it is important for Sobat Mekar to ensure that the platform they use is registered with and supervised by the Financial Services Authority (OJK).

Online Lending Regulations in Indonesia

Online lending services in Indonesia are regulated by the Financial Services Authority (OJK) under Regulation No. 10/POJK.05/2022 concerning Information Technology-Based Co-Funding Services (LPBBTI).

This regulation covers key aspects such as consumer protection, corporate governance, technology system management, and reporting obligations to OJK.

Under this regulation, all fintech lending platforms must be registered or licensed by OJK before operating.

How to Check if an Online Loan Platform Is Legal

To avoid illegal platforms, Sobat Mekar can take the following steps:

1. Check via the OJK Website

The easiest way is to visit the official OJK website at www.ojk.go.idNavigate to “Statistics → Fintech Lending Statistics” to view the list of registered and licensed fintech companies. This list is updated regularly.

2. Contact OJK

You can also verify directly through OJK’s official channels:

• Call Center: 157

• Phone: (021) 2960 0000

• WhatsApp: 081-157-157-157

These services can confirm whether a platform is officially registered.

3. Check via AFPI

Licensed fintech lending platforms must also be members of the Indonesian Joint Funding Fintech Association (AFPI). Their membership list can serve as an additional reference.

Characteristics of Legal Fintech Platforms

In addition to checking official sources, legal fintech platforms generally have the following characteristics:

• Registered and supervised by OJK

• Transparent information on interest rates, fees, and penalties

• Clear company management and office address

• Collection processes follow regulations and are handled by certified agents

• Provide customer complaint services

• Limited app data access (typically camera, microphone, and location only)

If an app requests excessive access, such as contacts or gallery, users should be cautious.

Use Safe Financial Services

Financial literacy is key to protecting yourself from financial fraud. By understanding how to verify fintech legality, Sobat Mekar can use digital financial services more safely and confidently.

To learn more about business financing solutions and trusted financial services, visit MEKAR’s official website at mekar.id.