Anybody had issues with the direct debit for October?
PTPTN didn't direct debit my account for October... Now I don't get 10% for last month huhuhu..
Spoiled my morning calling PTPTN and the Bank so many times... Luckily not affected payment thanks to many months of 10%

Luckily I used dormant account for direct debit not savings account....
I'm gonna pay via CC instead....get points and rebate.....

Here's an example of my understanding on the PTPTN loan structure for the case of ujrah

Loan = 20k
Repayment period = 10 years (120 months)

Total to repay if repayment to follow exact schedule = 20k+(1% p.a x 10 years) = 22k
The contract will state the total interest you have to pay in the event you're paying on the dot.
Min repayment = RM 183.33 per month (ujrah is already factored in)
Repayment breakdown, RM183.33 = RM166.66 (repayment) + RM16.67 (ujrah)

If you repay RM200 a month which is more than the minimum repayment amount,
Your repayment = RM183.33 (repayment) + RM 16.67 (ujrah)
Your loan = RM20k divide by RM 183.33 = 110 months of repayment (about 9.2 years)
Therefore you repaid your loan 10 months in advance,
Hence you don't have to pay 10 months worth of ujrah RM16.67x10 = RM166.70

My understanding for rebate is deduction from your outstanding balance but the ujrah charged on a monthly basis so its technically not a rebate.
You'll be saving yourself from paying more

My theory is based on the observation of the monthly Ujrah charges instead of total sum added to my loan.
So the ujrah cost it is added to my outstanding balance on a monthly basis, then the amount of months to pay ujrah may be lesser than the repayment period if I pay more than the
minimum.

So the recalculation might only adjust the ujrah, minimum repayment and the repayment period for the final months or years of repayment in accordance to the current balance, instead of the initial loan amount.

I have yet to find more information on the my theory other than the ujrah calculation on the PTPTN website.

This post has been edited by sidefulnes: Mar 12 2019, 10:52 AM

If that's the case, would be better to do it after every x years (20 years repayment period) or at least once? Pay less interest along the way

This post has been edited by sidefulnes: Mar 12 2019, 11:06 AM

Has anybody noticed that the tungakan bulan ini amount has changed?

Previously its shown the monthly ujrah amount. Now its more and the amount from last month and this month has changed. The amount for this month is lower than the contracted amount.



This post has been edited by sidefulnes: Dec 4 2019, 10:47 AM

time to reinstate the direct debit account 🤩

should still be the same

with all late payment and evading payment, getting something back is still better than nothing.

use your dormant account. i stopped putting money in direct debit account (cimb) when they abolish the discount. i get failure email and notifications but no fees.

Budget 2022, from Nov 21 to April 2022
The PTPTN officers are aware of it as I called them on 1st November.
Had placed money in my dormant direct debit account which they deducted few hours later. Moment of truth when it is reflected in the statement

Just to share an update, the direct debit for this month has been reflected in my detailed statement but 10% discount is not reflected so I called PTPTN.
The officer said the 10% rebate will only be reflected at the end of the month after penyelarasan

Status update on the 10% rebate for November 2021 deduction for those who are wondering why it is not reflected in the statement yet.

Rebate reflected


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Is this direct debit? The reference looks different.

Did anybody received their direct debit transaction for March?