In a statement today, PTPTN said borrowers can apply online to make payment through salary deductions here or through direct debit here.

“The discount incentive will be updated in the borrower’s loan account at the end of each month and statements can be reviewed from the seventh day of the following month,” it said.

In addition, borrowers who want to make a full settlement of the loan or repayment of at least 50% of the loan balance in one payment must obtain confirmation of the debt balance through PTPTN’s official portal at www.ptptn.gov.my or contact PTPTN marketing executives from Nov 1.

When tabling Budget 2022 yesterday, finance minister Tengku Zafrul Aziz said the government had agreed to give a discount on PTPTN loan repayments from Nov 1 to April 30 next year.

It includes a 15% discount on the outstanding balance for full settlement of the loan and a 12% discount for repayment of at least 50% of the outstanding debt in a one-off payment, as well as a 10% discount for repayment through scheduled salary deductions or direct debit.