Jakarta, CNBC Indonesia – On-line mortgage curiosity provisions (pinjol) are within the highlight of the Enterprise Competitors Supervisory Fee (KPPU). The KPPU revealed that it discovered that the utmost rate of interest set by the Indonesian Joint Funding Fintech Affiliation (AFPI) had the potential to violate Regulation no. 5 of 1999 regarding Prohibition of Monopolistic Practices and Unfair Enterprise Competitors.
CNBC Indonesia Monetary Knowledgeable Ayyi Achmad Hidayah stated that the restrict set by the OJK and AFPI is 0.4% per day most. Nevertheless, it’s obligatory to analyze extra deeply whether or not the mortgage firm has adopted these guidelines or not. So is borrowing from Pinjol nonetheless protected?
For full particulars, watch the dialogue between Savira Wardoyo and Shania Alatas with CNBC Indonesia Monetary Knowledgeable Ayyi Achmad Hidayah on the CNBC Indonesia Investime Program, Monday (09/10/2023).
