1.25 million PTPTN borrowers listed in CCRIS

These former students will find it difficult to obtain personal loans, credit cards, housing loans and vehicle loans from financial institutions.

BUKIT MERTAJAM: A total 1.25 million borrowers who failed to repay their National Higher Education Fund Corporation (PTPTN) loans have been listed in the Central Credit Reference Information System (CCRIS).

PTPTN chairman Shamsul Anuar Nasarah said the hardcore borrowers were not only listed in CCRIS by PTPTN but by numerous other financial institutions.

“Some of the borrowers from PTPTN also failed to pay up their loans to other financial institutions.

“Actually, CCRIS is not aimed at blacklisting the names of the borrowers but to enable other financial institutions to look at the borrowers’ records for credit affairs,” he told reporters after launching the National Education Scheme (SSPN-i) Plus, here, Saturday.

He said PTPTN started listing the hardcore borrowers in the information system in stages from June 16 last year to encourage borrowers to be more disciplined and responsible in repaying loans.

He said borrowers who had a poor payment record risked difficulty in obtaining loan approval from all financial institutions, including for personal loans, credit cards, housing loans and vehicle loans.

In another development, Shamsul Anuar said PTPTN targeted RM2 billion to be deposited into its new product SSPN-i Plus, which was introduced in June last year, by 2020.

To date, he said 7,237 SSPM-i Plus accounts had been opened involving deposits of RM534,000 and he expected another 30,000 more accounts would be opened by the end of the year.

He said depositors in SSPN-i Plus could opt for numerous packages in salary deduction, including a package as low as RM50 a month together with other advantages.

He said, in conjunction with the first year of the launching of SSPN-i Plus, PTPTN also organised a lucky draw for depositors with prizes of a RM500,000 apartment, a BMW car and a Honda CRV and other items worth RM3 million.

SSPN-i Plus, is a saving plan, combining education savings and a cheap and comprehensive takaful protection package.

– BERNAMA