Jakarta, CNBC Indonesia – After being unheard of in the singing world for a long time, Veri AFI became a victim of online lending (illegal borrowing). Reportedly, Veri found some money entering her account from the loan.

This incident started when Veri intended to look for a lending platform for business capital. Unfortunately, Veri himself couldn't differentiate between legal loans and vice versa.

Due to this lack of understanding, the singer of the song Dendang Riau easily followed the steps listed in the illegal loan application. He uploaded a photo of his KTP and registered.

After he saw the loan simulation, Veri immediately canceled his intention to borrow funds.However, on December 14, Veri AFI received a loan bill. Not long after that, data began to be distributed on photos of his face and ID card.

Moreover, Veri AFI never knew the name of the loan that suddenly charged her.

“I asked when I could borrow it because I had never borrowed and never heard of the name of the application. Finally I paid the nominal bill because I didn't want my data to be shared,” Veri was quoted as saying. second.

“The next day there started to be a lot of similar fictitious bills, there I started checking my mobile banking history. There were several amounts of money that had come in a few days earlier. I checked the applications that I hadn't uninstalled and there was no name of the product or application in question. ” continued Veri AFI.

The Veri AFI case reminds us of the importance of financial literacy, especially regarding loans and other instruments. The following are the differences between legal and illegal loans that are important to know.

Product offers

• Legal Pinjol: Do not use private communication channels such as SMS/chat, often advertise via digital platforms with clear information.
• Illegal Pinjol: Offering loans via SMS/chat or using less transparent methods.

Credit history check of the borrower

• Legal Pinjol: Involves a selection process before providing a loan.
• Illegal Pinjol: The loan granting process is very easy.

Interest expense

• Legal Pinjol: Transparent interest according to AFPI regulations, maximum 0.8% per day or 24% per month.
• Illegal Pinjol: Interest and fines are unclear, not in accordance with AFPI provisions.

Pinjol's identity

• Legal Pinjol: Have a clear management identity and office address.
• Illegal Pinjol: The identity of the owner/manager and office address are unclear.

Consumer protection

• Legal Pinjol: Providing complaint services with responsive customer service.
• Illegal Pinjol: Does not have a complaint service.

Borrower Device Access

• Legal Pinjol: Only access the location, camera and microphone on the borrower's device.
• Illegal Pinjol: Request all personal data on the borrower's device.

Billing

• Pinjol Legal: The billing process complies with OJK regulations, with billers who have a certificate from AFPI.
• Illegal Pinjol: The billing process often violates the law and does not comply with OJK regulations, without a billing certificate.

Risk of Default

• Pinjol Legal: Borrowers who fail to pay after 90 days are blacklisted by the Fintech Data Center.
• Illegal Pinjol: Borrowers who fail to pay can face threats, intimidation and even harassment. Personal data can also be shared on the internet/social media.

By understanding these differences, borrowers can avoid the risks associated with illegal lending and ensure a safer and more transparent lending experience.

[Gambas:Video CNBC]

(rev/rev)