PTPTN loan repayment discounts until May 31

The National Higher Education Fund Corporation (PTPTN) has called on borrowers to take advantage of the loan repayment discount incentive of up to 20% that it is offering until May 31.

PTPTN chief executive Ahmad Dasuki Abdul Majid said the offer, since March 1, covers four categories, which is a 20% discount on the remaining debt for full settlement of the loan and a 15% discount for settlement of at least 50% of the remaining debt.

"In addition, PTPTN also offers a 15% discount for refunds through salary deduction or direct debit according to the refund schedule and a 5% discount for refunds through the myPTPTN application,” he said in a statement today.

According to him, PTPTN has provided various channels to make it easier for borrowers to make repayments including online through the myPTPTN application and internet banking.

He said PTPTN has also opened special counters at selected locations nationwide to help borrowers planning to capitalise on the repayment discount incentive.

He also thanked all borrowers who had made loan repayments throughout the discount implementation period and expressed his appreciation to strategic partners who also organised the PTPTN loan repayment campaign.

"The commitment of borrowers who make repayments is greatly appreciated in ensuring the continuity of providing education loans to future generations," he said.

Borrowers can also contact PTPTN for more information through the careline at 03-21933000, live chat at www.ptptn.gov.my, e-complaints at https://eaduan.ptptn.gov.my/ or its official social media.