Gov is not simply set those payment one. I think they had done some calculation with those numbers.

Take your RM 500 per month for example. 500 x 12 x 15  = 30k
30k your PTPTN has already paid off or almost want to paid off.

Another scenario.
A person income won't go from 2k to 8k in a blink of an eye.
So, when a person earn 8k, and still paying 500 per month. What is that mean? A piece of shit la...
Gov borrow you money for you to study, and you only pay 500 when your income is 8k?

Come on... You owe people money and want to beg you pay back ar? Gov treat those PTPTN loaner so good they don't know how to appreciate.
Borrow 30k from bank and don't pay and see. They direct sue you bankrupt you will never going to be stand up again.

Curious

If working overseas then how???

Don't piss me off la, I've been paying since I graduated. but what pundek I need to pay 15% now? But on the plus side, I'll probably settle the loan in a couple of payments la, but still. I've already signed agreement previously, so that payment structure is null and void?

Don't piss me off la, I've been paying since I graduated. but what pundek I need to pay 15% now? But on the plus side, I'll probably settle the loan in a couple of payments la, but still. I've already signed agreement previously, so that payment structure is null and void?

Again u missing the point. WHO the hell DID NOT pay? We are ranting the monthly payment increased in short notice and ignoring the previous agreement, plus we pay diligently according to the agreed scheduled.

Those who didn't pay single cent certainly deserve it. No question ask.

interesting point, BLR rates adjustable are highlighted in the agreement. PTPTN did not.
there are clauses allowing them to adjust somethings, but directly dipping hands into borrower's pocket is something kinda extreme compared to adjust clauses.

if this was possible, why BN did not do it ? they could gotten more money for Big Mama.

6. PERBADANAN adalah berkuasa memaklumkan secara bertulis kepada seseorang majikan yang mengambil PEMINJAM bekerja untuk memotong daripada gaji PEMINJAM apa-apa jumlah wang yang merupakan amaun bayaran balik bulanan yang dikehendaki daripada PEMINJAM bagi tujuan pelepasan Keseluruhan Pinjaman Tersebut dan kemudiannya diremitkan kepada PERBADANAN. Bagi PEMINJAM yang bekerja sendiri, PEMINJAM hendaklah membuat pembayaran balik bagi
tujuan pelepasan Keseluruhan Pinjaman Tersebut terus kepada PERBADANAN atau mana-mana ejen lain yang dilantik mengikut amaun bayaran balik bulanan Keseluruhan Pinjaman Tersebut yang telah ditetapkan di dalam Perjanjian Pinjaman Pendidikan / Pinjaman Semula Pendidikan atau di dalam notis bayaran balik yang dihantar kepada PEMINJAM.

19. Tanpa menjejaskan Fasal 6 Lampiran ini, jika PERBADANAN menyediakan satu skim pembayaran balik berkenaan wang yang kena dibayar oleh PEMINJAM ke atas Keseluruhan Pinjaman Tersebut kepada PERBADANAN selain daripada yang ditetapkan di bawah Fasal 6, PEMINJAM adalah dengan ini memberi persetujuan yang tidak boleh dibatalkan untuk membenarkan PERBADANAN membuat perkiraan dengan sesiapa jua majikan PEMINJAM kemudian nanti supaya pendapatannya dipotong dengan sewajarnya bagi pihak PERBADANAN. PERBADANAN adalah berhak pada bila-bila masa untuk mengubah kadar Upah Pengurusan Pinjaman, cara dan/atau masa bagi pembayaran balik itu dan meminta pembayaran balik dengan serta-merta bagi Keseluruhan Pinjaman Tersebut atau sebanyak mana yang masih belum dibayar menurut budi bicara mutlaknya tanpa memberi apa-apa sebab baginya. PERBADANAN juga berhak pada bila-bila masa untuk meminta mana- mana Agensi Kerajaan Persekutuan atau Negeri termasuk Jabatan Perkhidmatan Awam, Kumpulan Wang Simpanan Pekerja atau Pertubuhan Keselamatan Sosial membayar daripada saguhati persaraan atau caruman PEMINJAM bagi tujuan pelepasan Keseluruhan Pinjaman Tersebut.

30. Walau apa pun yang tersebut di atas, PERBADANAN berhak pada bila-bila masa menurut budi bicara mutlaknya meminda atau menambah terma-terma atau syarat-syarat yang terkandung di dalam Perjanjian Pinjaman Pendidikan / Pinjaman Semula Pendidikan.

I con9lan7firm this thing will be suspended.

I potong stray dog gugu if it really implement.

Unless they noob (which I won't be surprised) there will be clauses that allow them to adjust the term and conditions that will supersede the old terms.

You signed loan agreement to buy a house, but the monthly repayment also changes if the BLR is raised right?

The borrowers have the option of immediately repaying the debt. If a normal business raise the interest to 200% this year, what you can do is go take a loan from another business at 6% and settle it. So yes, they can do it and they won't, because it will kill their business.

However, PTPTN is not meant to 'generate' income per say, so they can do it.