PTPTN loan repayment with discount can be done online

KUALA LUMPUR: Repayment of National Higher Education Fund Corporation (PTPTN) loans with a government-announced discount from November 1 can be made through several channels provided.

PTPTN in a statement today said borrowers can apply online to make a payday deduction payment on the website https://www.ptptn.gov.my/potonggajionline/ or by direct debit at https://www.ptptn.gov.my/direct_debit/direct_debit.html.

“The forgiveness incentive will be updated on the borrower’s loan account at the end of each month and the statements will be available for review from the seventh day of the following month,” the statement said.

In addition, borrowers who wish to complete a full loan settlement or repay at least 50 percent of the debt balance in a single installment should obtain confirmation of the debt balance through the official PTPTN portal at address www.ptptn.gov.my or contact the PTPTN Marketing Managers from November 1st.

Yesterday, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz announced that the government has agreed to grant a discount on the repayment of the PTPTN loan from November 1 to April 30 next year, when the 2022 budget is tabled.

It includes a 15% discount on the outstanding balance for full payment of the loan and a 12% discount for repayment of at least 50% of the outstanding debt at one time, as well as a discount 10% for reimbursement by deduction from salary or debit according to schedule.Bernama


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