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Loans & Scholarships PTPTN Thread, Face problem or queries? Head here
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MayAnne
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 Sep 27 2008, 12:36 AM
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Faith Hope Love
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QUOTE(rabbit319 @ Sep 27 2008, 12:19 AM) after one year how to get out the deposit??? You can only withdraw after one year from the date of deposit. But you can only withdraw 10% of the balance or RM500 (whichever is lower). You can withdraw up to 100% of the balance if you meet any one of the following conditions:- - Is accepted to any government recognised IPT; - Withdraws voluntarily from the education system or is terminated for specific reasons; - Chronic illness with no hope of recovery with doctor’s certification; - Permanent disability; or - Death |
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MayAnne
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Sep 28 2008, 04:03 PM
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Faith Hope Love
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QUOTE(wakaka_cfy @ Sep 28 2008, 03:33 PM) can i pay back all the loans in 1 year after i graduate? i actually dont want to apply for this ptptn, but my whole classmate are going to apply and my lecturer told me why dont apply as the charge is 1% only. put in the bank fixed deposit also gt 3.xx%. but i found out the calculation of repay is very confused. apa kos pendatbiran pula. it is worth only if i pay back in 1 year right??? To cut the long story short, yes it is worth it because PTPTN charge only 1% for the loan, whereas the Banks will give you 3.7+% interest on your FD. Simple arithmetic will tell you it is worth it. But if you can afford not to apply for the loan, maybe you shouldn't then. I don't really know whether there are cases of students being rejected for the loan, not because they do not qualify but because the quota on the number of loans given out for that particular period is up. If there are such cases then you'll be depriving a needy student. Just a thought...  Btw, kos pendatbiran is the 1% administrative charge (equivalent to interest charge). |
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MayAnne
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Oct 1 2008, 05:49 PM
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Faith Hope Love
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QUOTE(stevanistelrooy @ Oct 1 2008, 04:18 PM) I doubt you will be able to put all the loan money to your account. A portion of the money disbursed by PTPTN will go to your Uni/College Finance Department to do the payment for your studies. If there's extra, you will find it in your bank, and if there's not enough to pay for your tuition fees, you'll need to queue up and pay the remaining balance for that particular semester. Like MMU case, extra money will not be refunded until end of your studies(unless you have valid reason) and the extra moolah in your finance record of your University will be deducted when you pay the next semester fees. So to think of cashing out of PTPTN loan is not really possible Are you sure that's the case? One of my cousins is in MMU doing his 1st year degree. He did his foundation last year and applied for PTPTN. The money was deposited into his CIMB account (not into MMU's Finance Department) opened specifically for PTPTN. This year he also applied for PTPTN but the money didn't come in time for his 1st sem fees, so his parents paid for it. And I presumed PTPTN will deposit the money into his CIMB account like last year. |
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