JEBAKAN PINJOL : Aturan, Bunga, Oknum dan rendahnya pengetahuan | PERADABAN

Summary

This video discusses the growing issue of online loans (pinjol) in Indonesia, highlighting the experiences of individuals who have been ensnared by these high-interest loans. It tells the story of Fajar Rizki, a small business owner, who opted for a bank loan instead of online loans due to more favorable terms. The video also explores the predatory nature of illegal online loans, their impact on borrowers, and the broader implications for society, including the challenges faced by those trapped in debt cycles and the legal actions taken by advocacy groups.

Takeaways

• 📉 The term 'pinjol' (online loans) has become a source of fear for many who have been caught in debt traps.
• 💼 Fajar Rizki, also known as Onge, is an entrepreneur in North Jakarta who faced challenges in his screen-printing business after dropping out of vocational school.
• 💬 Onge became more serious about his business after getting married in 2017, recognizing his responsibilities as the head of the family.
• 🏦 Onge chose to take out a bank loan of IDR 25 million in 2022, with monthly installments of IDR 760,000 over 36 months, as it was cheaper compared to online loans.
• ⚖️ Economist Nailul Huda highlighted that interest rates for online loans are significantly higher than bank loans, with some online loans charging up to 36% in just three months.
• 🔗 Doni, a victim of online loans, shared his experience of accidentally receiving money from multiple online loan apps, leading to excessive interest and harassment from debt collectors.
• ⚠️ The Legal Aid Institute (LBH) Jakarta has dealt with numerous complaints regarding online loans since 2017, emphasizing the need for strategic solutions and legal action.
• 📉 Onge used online loans for purchasing goods but opted for bank loans for business expansion, as banks consider the business's prospects rather than just collateral.
• 💼 There has been a shift in online loan usage from productive sectors to more consumer-driven purposes, which raises concerns about the target market of online lenders.
• 🏛️ The commercialized nature of education was criticized, as students and low-income workers are increasingly turning to online loans to cover costs that should be supported by the state.

Q & A

What challenges did Fajar Rizki face in his early career?

Fajar Rizki faced challenges in his early career as he didn't complete his vocational school education and had to work as a street musician. Later, he became a broker for screen printing before starting his own business.

How did Fajar Rizki's business evolve over time?

Fajar Rizki's business evolved from being a screen printing broker to starting his own screen printing business in 2013 with his friends. The business became more serious after he got married in 2017, with his wife managing the finances.

Why did Fajar Rizki prefer taking a loan from the bank rather than opting for online loans?

Fajar Rizki preferred taking a loan from the bank because the interest rates were lower and the terms were more reasonable compared to online loans. He received a loan of Rp25 million in 2022 with a monthly installment of Rp760,000 for 36 months.

What are the risks associated with taking loans from illegal online lenders?

The risks associated with taking loans from illegal online lenders include significantly higher interest rates, aggressive collection practices, and harassment, often involving the borrower's family and workplace.

What legal actions did Doni take after becoming a victim of illegal online loans?

Doni sought help from the Jakarta Legal Aid Institute (LBH Jakarta) and participated in a class action lawsuit. The legal actions helped address his case and contributed to the implementation of new regulations for online lending practices.

What impact did the harassment from illegal lenders have on Doni?

The harassment from illegal lenders had a significant impact on Doni, particularly affecting his family, including his in-laws, and his former employer, who were all subjected to verbal abuse.

What steps have been taken by authorities to regulate online lending practices?

Authorities have introduced regulations, including OJK Regulation No. 19 of 2023, which sets guidelines for debt collection practices, limiting collection hours to before 8 PM and enforcing respectful communication.

What is the difference in interest rates between bank loans and online loans?

Bank loans typically have lower interest rates, such as the one Fajar Rizki received, which was around 10.16% annually. In contrast, online loans can have interest rates as high as 12% per month, translating to about 36% over three months.

How has the purpose of online loans shifted over time according to the script?

Initially, about 64% of online loans were directed towards productive sectors, but this has shifted, with 60% now being used for consumption, indicating a change in the target market for online loans.

What issues do students and low-income workers face regarding online loans?

Students and low-income workers, such as honorarium teachers, often find themselves trapped in online loans due to their inability to access traditional bank loans. This situation exacerbates their financial struggles, leading to a cycle of debt.