Hi all, recently I'm trying to apply for a housing loan and the banker said I had a personal loan instead of PTPTN loan (the only loan I have so far).

Hence, I had checked my CCRIS report and noted that my PTPTN loan had stated as "other term loan /financing" instead of "education loan". I had asked the Bank Negara Malaysia (BNM) on this matter but they asked me call to PTPTN branch as they had nothing to do with the info stated in CCRIS report.

However, PTPTN said they did not face this kind of issue before and no solution provided by them.

I told the banker my situation and they suggest me to reschedule my PTPTN loan so that it will update the CCRIS to the correct term. But I try to avoid to reschedule my loan because PTPTN officer did not recommend me to do so since my repayment is consistent and no delay outstanding.

May I know is there any method to change the term shown in the CCRIS report?

Really frustrated in this situation now. Is there anyone who had came across this kind of situation before?

Why is PTPTN showing as personal loan affecting your chances of getting a mortgage loan?

This post has been edited by borgeouisbella: Dec 3 2018, 08:54 PM

But if your this PTPTN loan is paid on time, it should not have cause you any problem... It just merely a statement that you have a loan and your payment record is good.

Exactly. The only way it will affect ur loan application is if it has been flagged for repayment issue.

TS probably not telling the whole truth. Did u occasionally repay the loan or are u paying the correct amount? This is because theres a tunggakan amount, which means if every month u are suppose to pay back rm200 but u only pay rm100, then the remaining rm100 will go into tertunggak amount which u need to clear based on your current scheduled loan payment.

Go check ur tertunggak amount. Alot of my friends kena this last time, thought monthly pay RM50 can avoid the blacklist, then suddenly kena blocked from going oversea in airport.

You frustrated?
But not feeling guilty for not being consistent with your ptptn loan repayment?
Go ptptn office to check how much your tunggakan and settle it.

if it goes to CCRIS mean TS not pay ontime, even u go ask for loan
u still have to wait 6 to 12 month to clear the blacklist

dont reschedule if your repayment is fine. iinm if reschedule then got a mark T or R in ccris, i forgot which, but most likely you'll get rejected if you have these marks

Doesnt matter now.

If u apply loan, ptptn now macam normal loan. They will take it into account when you didnt pay

Doesn't matter if the loan is flagged under educational / personal, what counted are:

1. Debt to Service Ration (DSR)
2. Credit worthiness (whether you make payment on time or not).

With % of DSR, you won't be able to apply for loan.

With low credit rating, you won't be able to get a loan or will get one with high interest.

Bought a house last month after clearing my PTPTN and PL to reduce the DSR.

It depends on the bank and financing that you are applying

1. For example, for CIMB's ASB-financing, they do not look at PTPTN arrears (they look at other arrears as usual)

2. For mortgages, even if you have arrears, you can pay half the outstanding you need to pay and end up with a letter that shows you have made payment on the outstanding, that you can use to get the mortgage approved

I had no idea what you are trying to say, as I had mentioned in the post that I paid on time, consistently and the repayable amount exactly amount as per agreement (din pay extra since the interest had been calculated based on total loan amount) . Checked ptptn statement and no tunggakan bro.

Paid consistently and and exact amount stated in the agreement. Checked to ptptn statement and no tunggakan.

I had applied the loan from few bankers and only Rhb bank had requested me to do the reschedule for the ptptn. Others banker such as HLB, PBB and Standard Charted does not request me to do so.

So, currently i had asked others bankers to help me proceed for the loan.

If you don't have tunggakan and your monthly repayment is 0 in CCRIS, don't touch or restructure your PTPTN.

If your CCRIS PTPTN no tunggakan, it will not affect your new loan application

Try to apply for other banks with similar package offering and see how

I don't think that you understand what or how CCRIS works

People in Malaysia have been associated with the thought of, if you appear in CCRIS = Bad/Blacklisted.

This is definitely not the case.

CCRIS keeps track all your finance record for the past 12 month. ALL RECORD!, doesn't matter GOOD or BAD.

Example:
Have credit card? YES> Appear in CCRIS report
Have Personal loan? YES> Appear in CCRIS report
Have Hire purchase loan? YES> Appear in CCRIS report
Have Housing loan? YES> Appear in CCRIS report
Have Education loan? YES> Appear in CCRIS report

It doesn't state wether your record is bad or good. The bank institution will evaluate your ccris score based on your paynent pattern.


I don't think the PTPTN having parked under personal loan instead of education loan make any difference. In the banker eyes, loan is a loan and they will evaluate your payment pattern to determine if you're good paymaster or not.


Remember! Nobody want to lend money to someone untrustworthy

In many case, having no loan = no ccris report = low credit score.
Because the bank have no reference to determine your trustworthiness.

They depends on CCRIS/CTOS record, how they read and determine your score is good or bad varies from bank to bank.
.

Yes.. totally agree.. Banks refer to ccris to see whether
-you always pay on time
-how much is your commitment (debt service ratio).

It doesnt matter which category the loan is..

if you paid on time, then ask the bank why your application got rejected. Nothing to do with PTPTN or CCRIS.

Kindly explain how it appear in CCRIS will effect ur housing loan?
Unless ur salary is not enuff

This post has been edited by lahart: Dec 13 2018, 05:01 PM

Obviously you hv high commitment if you take the loan.

Bank knows.

Can't omit PTPTN payment.

It won't matter if the term changes in ccris, it is still a ptptn loan. It is even more obvious if you never paid at all as it can be seen as 10,30, or even 100 months unpaid. I think bank negara requested to stop approving loans to people who don't pay ptptn, though I believe some banks do not enforce this strictly as they still need to cari makan.

If your ccris ptptn shows 0 outstanding, it's likely that your DSR is too high due to too much loans or pay too low, or they just don't think you will be a good customer due to type of job or whatever and just use ptptn as excuse to reject you

This post has been edited by capsulr: Dec 14 2018, 05:53 AM

Just like Public Bank the way, sikit sikit they also report to CCRIS.

Too much. One month late also, they lipot.

statement send by mail did not arrive, how to pay in time? appeal to them, but they make excuse already input in CCRIS la, cannot remove. Then later they make excuse, its not me.

This post has been edited by Pete the great: Dec 14 2018, 09:17 AM

clear your ptptn tunggakan amount ..you will able apply loan again.
I did before.

Tunggakan pinjaman?

Banks will not approve loans for ppl who is defaulting on the PTPTN loan.

Recently I apply mortgage loan. PBB wants my wife to be guarantor (S&P will include my wife's name) and want her to settle arrears PTPTN. Anyway to solve this out since she is not loan borrower.

Just cleared my PTPTN last month using KWSP, and check CTOS just now and still have not cleared that amount even after 15th. Do I need to wait 12 months? Want to apply credit card and travel next year.

it should be show cleared by 15th Dec. CCRIS is updated on 15th day of each month.

This post has been edited by Haters_Gonna_H8: Nov 16 2022, 11:16 PM

Ccris and Ctos not same.

You pay on time? If so then you shouldn't have any issue to apply housing loan.

How much is the property you be purchasing? Yes the property price can be a factor too

I got few clients still paying their PTPTN but on time, and the banker have no issue approving their loan. They be like 27 - 30+ years old then when they bought condo or rumawip from me.

Some clients has bad PTPTN record, missed 1 or 2 months and the bank rejected their application.

Yes I'm a real estate agent...

check your eyes.
The post you replied was 4 years ago.

I start working as part time real estate agent around mid 2018, yes I have few clients still paying PTPTN that year 2018.

Sorry I missed the year of this post.

your response still relevant in general, just not to ts specifically.
I find it odd too that RHB has this weird request for their loaners.
Even if ts indeed has a personal loan, why would it matters unless he has poor payment history or reached his maximum salary limit?

This would be 1 of the cause for loan reject, as per you said even if it's a personal loan and if the payment on time, the buyer wouldn't having any issue to apply a housing loan. Unless the buyer's commitment already swallowed like 60% above(This is what banker taught me) of their monthly income especially those earn below 4k, there even if they paid on time but since their DSR already burst that also a reason for their loan be rejected.

This post has been edited by Napalm_man: Nov 17 2022, 10:03 AM