Affected PTPTN borrowers eligible for deferment

by AZREEN HANI / pic by TMR FILE

BORROWERS of the National Higher Education Fund Corp (PTPTN) who are affected by the pandemic can defer their repayment for three more months.

PTPTN CEO Ahmad Dasuki Abdul Majid (picture) said in a statement yesterday that eligible borrowers need to submit an application through the official portal of PTPTN from Jan 5 until March 31, 2021.

No supporting documents are required during the application.

“Extension of deferment of PTPTN loan repayment for a period of three months will begin in the same month of the approval given by PTPTN and two months ahead, between January to May 2021,” he added.

The notification of loan repayment extension will be made via email within three working days from the date of application is submitted.

Borrowers are reminded to update their contact details to ensure information regarding the approval of deferment can be conveyed to them.

“The extension of the loan repayment deferment period shows the government is very concerned and sensitive to the financial constraints faced by PTPTN borrowers,” Ahmad Dasuki said.

“It is hoped that this initiative can help ease the burden borne by borrowers affected by the pandemic,” he said adding that those who are not affected can continue to repay the loan.

Last Friday, the government announced it has agreed to extend the PTPTN loan repayment period for another three months to eligible or affected borrowers until March 31, 2021.

Higher Education Minister Datuk Seri Dr Noraini Ahmad said in a statement that the decision was made considering there are PTPTN borrowers who are still affected by the Covid-19 pandemic and have not been able to repay the loan.

“It is hoped that this announcement can help ease the burden borne by PTPTN borrowers,” she said.

Prior to this, the government allowed the deferment of PTPTN loan repayment to all borrowers from Oct 31 to Dec 31, 2020.

Noraini said then that the deferment involved an estimated total repayment of RM375 million, making a total estimated deferral of repayment of RM1.13 billion.