Repayment of the PTPTN loan with forgiveness can be done online

Repayment of National Higher Education Fund Corporation (PTPTN) loans with government announced discount from 1st November can be done through several channels provided.

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

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

In addition, borrowers who wish to settle the loan in full or repay at least 50% of the debt balance in one installment must obtain confirmation of the debt balance through the official portal of PTPTN at www.ptptn.gov .my or contact PTPTN Marketing Managers starting November 1.

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

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

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