Can I get discount for PTPTN?

Can I get discount for PTPTN?

In an effort to encourage the public to repay their PTPTN loans, the Government recently offered several incentives: A 20% discount for those who fully settle their loans. A 10% discount for those who settle 50% of what they owe.

How do I qualify for PTPTN loan repayment exemption?

How to Qualify for a PTPTN Loan Repayment Exemption

1. Attended a full-time course.
2. Successfully graduated within the period that had been stipulated in the PTPTN loan offer document.
3. The PTPTN loan does not overlap/coincide with any other sponsorship.

How much do you have to pay back PTPTN?

PTPTN recommends that students who owe PTPTN less than RM10,000 complete their repayment within 5 years. Students owing RM10,000 to RM22,000 should repay in 10 years and those owing RM22,000 to RM50,000 should repay in 15 years. Students who owe more than RM50,000 can pay within 20 years.

How do I pay PTPTN monthly?

For a quick and seamless payment, you can head over to PTPTN’s portal where you can check your loan amount and make your payment via Financial Process Exchange (FPX). This is essentially a payment gateway on PTPTN’s website where you will be directed to your bank’s online banking interface to make payment.

Can PTPTN change to scholarship 2020?

The PTPTN loan interest rate is 1.0%. The loan can be converted to scholarship for students who attained First Class Honours. The programme must have received a full accreditation status at the time the scholarship application is made to PTPTN.

Can PTPTN loan change to scholarship?

Can Ptptn change to scholarship 2020?

Can I apply Ptptn for second time?

You can. However, you must be furthering your studies to a higher level from your previous loan tenure. However, if you want to apply for a second PTPTN loan for your second degree, then you will be required to settle your first loan before you can apply for the second one.

Will PTPTN affect ctos?

If a borrower is prompt in their payments, the PTPTN student loan will actually improve the borrower’s credit report as lenders will see the borrower as a responsible credit user. CTOS is a registered Credit Reporting Agency which collects information from various sources, including CCRIS.

Will PTPTN affect housing loan?

The housing and local government ministry has announced that blacklisted National Higher Education Fund Corporation (PTPTN) borrowers who are listed on the Central Credit Reference Information System (CCRIS) will not be blacklisted if they apply to buy a home.