Beware, these are 7 characteristics of illegal online loans

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Beware, these are 7 characteristics of illegal online loans

Friends, always be wary of illegal online loan offers (pinjol). Make sure you recognize the characteristics of illegal borrowing so you don't get caught in the dangerous snares that it can cause.


  1. Loan offers via spam in electronic short messages (SMS).
  2. High administrative costs, can reach 40% of the loan principal.
  3. High interest rates and penalties, in the range of 1%-4% per day.
  4. The repayment period is often short and not according to the agreement.
  5. Request access to contacts, photos and videos.
  6. Billing unethically, for example by intimidation or harassment.
  7. The illegal lending platform does not have a clear complaint service.

From 2018 to June 10, 2021, the Financial Services Authority (OJK) Investment Alert Task Force (SWI) recorded that it had closed 3,193 illegal online loan services (pinjol). Meanwhile, the number of legal online loan services that have been registered and supervised by the OJK until June 10, 2021 is 125 services.

OJK also plans to update the Financial Services Authority Regulation Number 77/POJK.01/2016/2016 to address the current online loan problem and anticipate changes in the future.


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Akseleran provides an initial balance of IDR 100 thousand for new registrants using the code CORCOMMBLOG. Funding in P2P Lending Akseleran is also very safe because more than 98% of the loan portfolio value has collateral. So that it can reduce the level of risk that exists. The acceleration is also registered and supervised by the Financial Services Authority (OJK) with the letter number KEP-122/D.05/2019 so that the transaction process you do is safer and more secure.


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