Heaptalk, Jakarta — President Director of PT Bank Central Asia Tbk (BCA) Jahja Setiaatmadja conveyed that online loans and gambling caused people’s purchasing power to decline significantly.
Jahja mentioned that many people tend to take online loan in more than one platform. “A person can take online loan from 20 platforms.
“Because it is very easy to obtain online loans, only attach ID cards, they (the platform) can channel the loan directly. Customers do not really care whether the platform is legal or illegal. In their mind, the point is how to get the loan, but they do not consider how to pay this loan, so, how can it be?”, said Jahja.
He said, the number of loans is diminutive at the beginning, such as Rp500 thousand, Rp 1 million, Rp2 million. However, because they pay the loan from other loans, the number of loan gets bigger like a snowball. In addition to paying the loans, society also needs to fulfill their necessity.
Meanwhile, the presence of online loan platforms fell one by one after the Financial Services Authority (OJK) applied strict regulations to diminish illegal platforms.
However, the decline in public purchasing power is also caused by people’s addiction to online gambling.
“The unhealthy lifestyle in finance management causes people to be in huge debt and decrease their purchasing power. For this reason, a lot of businesses are impacted, not only medium businesses, even large businesses suffer losses,” added Jahja.
