KUALA LUMPUR: Those who borrowed from the National Higher Education Fund Corporation (PTPTN) have been urged to seize the opportunity to enjoy the loan repayment discount incentive which will end on April 30.
PTPTN said that from Nov 1, 2021 to Feb 28 this year, 367,433 borrowers had enjoyed the repayment incentive with the total discount given being RM112.4 million.
Through the tabling of Budget 2022 on Oct 29 last year, the government agreed to give PTPTN borrowers a 15% discount on their loan repayment if they settle the remaining debt in full.
In addition, a 12% discount is given for repayment of at least 50% of the remaining debt in one payment, and a 10% discount for repayment through salary deduction or direct debit according to the schedule.
“PTPTN hopes that all borrowers fulfill their responsibility to repay their loans so that PTPTN can continue with education loans for future generations,” it said in a statement.
Repayment may be made online through Internet banking, JomPAY, MyPAY, Shopee, official PTPTN portal (FPX) and the latest channel – the myPTPTN mobile app.
For enquiries, borrowers may browse the official portal at www.ptptn.gov.my or contact PTPTN through channels such as PTPTN careline at 03-2193 3000 which operates from Monday to Friday, 9am to 5pm.
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A premier residential college specialising in pre-university education, KYUEM was established in 1998 under Yayasan UEM.
