QUOTE(ShadShadShad @ Jan 21 2011, 07:52 AM)
Just to add, you can actually go to PTPTN website and register. That pin number is enable you to have an account so they can inform you whether the money is in or not. You can wait if you want, but for me I registered right away. Google ptptn malaysia, that's what I did.
Of course you can wait for the orientation, they will help you explain better. Most of the time, the orientation will be done during class hours =( so get ready to sacrifice some class time for you to do your ptptn.
Btw, listen CAREFULLY and take notes when they tell you what to do, because if you have even one document unverified, then you'll have to wait, queue up and go through the whole process again.
Oh ya for those who took PTPTN and are working now, just a reminder. They have finally changed the interest rate to 1% so you guys have to submit a simple formal letter to them so that they will manually change the interest rate for you. it's troublesome i know, but you get to have 1% rate which is really a relief!
About the 1% interest, it's not quite a relief actually.
1% interest is based on fixed interest, which mean they will take the total amount you loan, then have around 1.xx% interest rate + handling fee + xxxx,
then only will divide on how many months you need to pay back.
For 3%, they will take the total amount you still "hutang" them, then x3% for that month.
For those who wish to pay more to finish up the loan earlier, it's best to stay at 3% based.
Example: If you get loan for 8k for foundation and you get scholarship for Degree, and you wish to pay the total amount of 8k once you graduate,
you just need to pay the interest for the "delay" you made for your degree program.
BUT, if you take the 1% based, even you wanna pay the total amount of 8k once you graduate, you still need to pay the total 1.xx% interest for total months you agreed. (90 months example)
Means even you're paying early or late, the total amount you paid is the SAME.