PTPTN borrowers urged to use repayment discount by April 30

 

Borrowers of the National Higher Education Fund Corporation (PTPTN) are urged to seize the opportunity of the loan repayment discount incentive which will end on April 30.

In a statement today, PTPTN said for the period from Nov 1, 2021 to Feb 28 this year, a total of 367,433 borrowers enjoyed the repayment incentive with a total discount of RM112.4 million given.

Through the tabling of Budget 2022 on Oct 29 last year, the government agreed to give PTPTN borrowers a 15 percent discount incentive on loan repayment for full settlement of the remaining debt.

In addition, a 12 percent discount was given for repayment of at least 50 percent of the remaining debt in one payment and a 10 percent discount for repayment through salary deduction or direct debit.

"PTPTN hopes all borrowers fulfil their responsibility to repay their loans so that PTPTN can continue with education loans for future generations," read the statement.

Repayment can be made online through Internet banking, JomPAY, MyPAY, Shopee, the official PTPTN portal, and the myPTPTN mobile app.

For enquiries, borrowers can browse the official portal at www.ptptn.gov.my or contact PTPTN careline at 03-21933000 which operates from Monday to Friday, 9am to 5pm.

- Bernama