How do I get exemption from PTPTN?

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.

Does PTPTN cover foundation?

Yes, you read that correctly! Though foundation programmes are generally not eligible for loans by Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN), the corporation does offer loans for foundation students of a select few universities in Malaysia.

Does PTPTN affect housing?

Therefore, if you are listed on the report for defaulting on your PTPTN loan, you will have an unhealthy credit and may have difficulties in getting your first credit card, your first car loan, or your first home loan.

Is there any discount for Ptptn?

PTPTN borrowers who pay off their loans in full are eligible for a 15 per cent discount on their outstanding balance in the first category. Meanwhile, PTPTN borrowers who pay off at least 50 per cent of their remaining debt in a single payment will receive a 12 per cent discount.

Can I borrow PTPTN for master?

If you are looking to study Professional Courses (e.g. ACCA, ICAEW) or Postgraduate Studies (e.g. Masters, PhD), only public institutions are eligible for PTPTN loans. Yes, but it’s only applicable for Diploma, Degree, Postgraduate and Professional Courses in public institutions and selected private institutions**.

What happens if I don’t pay PTPTN?

PTPTN loans need to be repaid. Students who don’t repay their loans are banned from leaving the country, blacklisted by the Central Credit Rating System and could face legal action. This means you won’t be able to travel overseas for work or holidays.

Is PTPTN a non bank debt?

Bank debt includes your car loan, credit card bills, and personal loans. Non-bank debt on the other hand, consists of monthly repayments such as PTPTN. Basically, all the monthly obligations and fixed expenses that make payday much less exciting.

How is Ptptn interest calculated?

The latest PTPTN interest is calculated using a 1% flat interest rate. Let say your loan amounts to RM50,000, payable in 15 years. Using the Personal Loan settlement calculator, you will see that the savings you get for settling your loan in full is actually under 1% per year.

How do I claim auto deduct on Ptptn?

PTPTN in a statement today stated that borrowers can apply online to make payment through salary deduction at website or through direct debit at