PTPTN Loan Repayments Deferred Until End Of The Year
Author Avatar

(Image: Malay Mail)

The government is extending the deferment of the National Higher Education Fund Corporation (PTPTN) loan repayments for another three months. The extended deferment will take place from 1 October to 31 December 2020.

Initially, the government had agreed to defer PTPTN loan repayments for a period of three months from April to June, before extending the deferment for another three months until the end of September. With the latest extension announced, PTPTN repayments will be postponed for a total of nine months for the year 2020.

According to Higher Education Minister Datuk Dr Noraini Ahmad, the extended deferment involves an estimated repayment of RM375 million, with the total estimated deferral of repayment valued at RM1.13 billion.

“All PTPTN borrowers will be given an automatic extension on deferment. They will not have to make any application,” she stated. “If there are borrowers who want to continue the loan repayment, they can do so through the online repayment platform that is provided.”

Dr Noraini added that the decision was made as the government understood the financial constraints faced by some PTPTN borrowers who had lost their jobs and sources of income due to the Covid-19 pandemic.

For further information, PTPTN borrowers can contact PTPTN’s Careline at 03-2193 3000 between 9am to 6pm on weekdays, or visit the official PTPTN website.

(Source: The Star)

0 0 votes
Article Rating


Comments (0)

Notify of
Inline Feedbacks
View all comments
Top Personal Finance News Articles
Top Personal Finance News Articles
Post Image
Petrol Price Malaysia Live Updates (RON95, RON97 & Diesel)
The RinggitPlus Team
- 11th May 2022
We provide weekly updates on every Friday at 5pm on the prices of RON95, RON97 and Diesel in Malaysia and a chart that shows the movement of fuel prices across a 6-week period. Bookmark this page now!
Post Image
Touch n Go RFID: What Malaysian Road Users Need To Know
Jacie Tan
- 10th August 2018
Everyone’s talking about Touch ’n Go RFID being used at Malaysian highway tolls soon – here’s what you need to know about it.
Post Image
Shopee Introduces SPayLater, Lets Users Buy Items Now And Pay Later
Alex Cheong Pui Yin
- 18th January 2021
Shopee has introduced a new payment feature that lets its Malaysian users purchase items and pay for them […]
Post Image
Historical EPF Dividend Rates
The RinggitPlus Team
- 2nd March 2022
Ever wondered how this year's EPF dividend rate compares to previous years? We got you covered with our historical 11-year chart!

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image