guys just read the contract terms and conditions..it clearly stated there they can change it anytime they want without any given reason.

I believe Government has given enough of grace period to the loaner since BN regime. Even give discount if they complete the loan earlier. Any action from the loaners? No, Some loaners don't take it seriously to repay.

Like traffic saman, who care to pay traffic saman? Until they have been forced by court or given discount, then they started to pay. All this people attitude.

I did not take any ptptn loan. Just stating on those who did.
Yes someone has corrected that there is indeed a clause.

I think this clause should be highlighted at point of taking the loan as students being young and gullible at that point in time wouldnt have likely known better.

how about deduct from EPF ACC II straight
easier that way, no need deduct monthly salary
win win

Itulah, beli civic lagi tapi tak mau bayar ptptn     

and yes according to some K...

those ppl who borrow ptptn should just accept whatever changes made without any noise. bayar aje la

if tomorrow ptptn said pay all in 1 shot..just pay with no question ask.... :thumbsup:

I believe Government has given enough of grace period to the loaner since BN regime. Even give discount if they complete the loan earlier. Any action from the loaners? No, Some loaners don't take it seriously to repay.

Like traffic saman, who care to pay traffic saman? Until they have been forced by court or given discount, then they started to pay. All this people attitude.

That is you fcuking own hand sign on that stupid contract

As long as he is paying the RM300, I don't see whats wrong with that.

Imagine if your bank suddenly ask you to pay 15% of your salary instead of the earlier agreed monthly repayment amount for your house loan, would agree to it?

year 2013 - salary 5k, you pay rm800 for your car

year 2018 - salary 10k, do you pay Rm2400 for your car or you still pay RM800?

Not too sure what the arguments are about

But simple interest rates (HP, personal loans) are as per its name, simple to calculate. But it doesn't reflect the true outstanding balance at the moment because the installments are calculated with the interest included throughout the tenure of the loan. What if you decided to settle the loan early? The bank would have to give you a rebate on unpaid interests, but this is not efficient and the calculation can be very convoluted. And when things are convoluted, the borrowers become the victim.

So BNM encouraged banks to adopt the annualized interest rate. It is a fairer way to calculate the installments and displaying the interests. It can also be used to calculate your interest on a daily basis ([interest %/ 365] x your outstanding for the day)

To compare the two rates, a HP to a mortgage for example, you need to convert one of them to the other. I would convert the HP rate (simple interest) to annualized interest rate.

In fact if I am not mistaken, in CIMB clicks, the outstanding of a car loan that I saw was calculated based on annualized interest, but the marketing was done with simple interest - I believe the banks are catering to the market - people are used to seeing HP promoted at 2-4% (simple interest), but if you convert this to annualized interest, it would be 4-6% which would scare their potential customers.

All richfag that want to cry over having to pay what they owe, come I gip you solution:

http://www.kwsp.gov.my/portal/en/member/education-withdrawal

and yes according to some K...

those ppl who borrow ptptn should just accept whatever changes made without any noise. bayar aje la

if tomorrow ptptn said pay all in 1 shot..just pay with no question ask....

they have the right to exercise it and they also the right not to.
dun get me wrong, debt must be re-payed.
but for some, its a huge jump from rm300 to rm1350.
tats a 450% increase!

The funny thing is they 'cry' about commitments / 'unfair didn't follow promise/agreement' (suddenly very law abiding  ).. Boohoo.. Let's try not to act innocent here, you knew you already had the ptptn loan to pay up at the time you 'took up' whatever new/existing commitments.. Just like those who charge their CC just to buy whatever pleasures in life, and then cry when the bank raise the minimum payments, etc..

The govt can never meet the expectations of everyone as many have their own agenda/vested interest..

Tu lah BN cybertroop