Only borrowers with loss of income can defer PTPTN repayment

Only borrowers with loss of income can defer PTPTN repayment

PTPTN chief executive officer says the applications for the deferment can be made online from now until Aug 31.

PTPTN will inform borrowers on the approval for the deferment via email within three working days.
KUALA LUMPUR:
The three-month deferment of National Higher Education Fund Corporation (PTPTN) loan repayments are only for borrowers who have lost their source of income or had their earnings adversely affected by the Covid-19 pandemic.

PTPTN chief executive officer Ahmad Dasuki Abdul Majid said no supporting documents would be required and the deferment would start in the month the application is approved and continued in the following months between June and October.

“The approval will be informed via email within three working days. The borrowers are reminded to update or ensure they provide accurate contact details so that information on the deferment approval can reach them,” he said in a statement here today.

Yesterday, higher education minister Noraini Ahmad announced that the government agreed to extend the loan repayment deferment period to assist borrowers financially affected by the pandemic so as to reduce their burden.

The same initiative had been implemented by the government for the period of March 19 to Dec 31, 2020 for all PTPTN loan borrowers and then continued for the period between January and May this year.

Dasuki said the deferment application could be made online from today until Aug 31, while the unaffected loan borrowers could continue with their loan repayment as usual.

“PTPTN records its appreciation and thanks the borrowers who remain committed to repaying their loans for continuity of the financing for other students in the future,” he added.

For further enquiries, call the PTPTN Careline at 03-2193 3000 or go to the PTPTN website at www.ptptn.gov.my.

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