PTPTN loan repayment deferred until December – Noraini

by BERNAMA / pic by BERNAMA

The government has agreed to extend the loan repayment period of the National Higher Education Fund Corporation (PTPTN) for another three months to all borrowers from Oct 1 to Dec 31, 2020.

Higher Education Minister Datuk Dr Noraini Ahmad said that the deferment involved an estimated total repayment of RM375 million, making a total estimated deferral of repayment of RM1.13 billion.

“PTPTN also helps reduce the burden or commitment to repay the loan by always being open to negotiate to restructure the repayment (of the loan) until the age of 60 and deferring the repayment of the loan up to a maximum of 24 months,” she said.

She said this while winding up the debate on the motion of thanks for the Yang di-Pertuan Agong’s royal address at the Dewan Rakyat sitting here today.

In a separate statement on the same issue, Noraini said all PTPTN borrowers would be given an extension of the deferment of loan repayment automatically without having to make any application unlike the previous implementation (of the deferment).

However, she said if there are borrowers who want to continue the loan repayment, they can do so through the online repayment channel provided.