Please note that for those who got 1% is a flat interest rate based on the starting principle loan amount. Not necessary not worth it. You have to do your own calculation.


Example 1
Starting principle loan amount : RM16,000
Remaining loan amount: RM7,000
Remaining loan year: 3 years

Case 1:
Lump sump payment to clear the remaining loan amount and get the 20% discount.

Payment to PTPTN = 7,000 x 80% = RM 5,600

Case 2:
Assuming that you keep the money in EPF and get 6% return every year.

Payment to PTPTN = 7,000 + 16,000 x 1% x 3 years = RM 7,480
Dividen from EPF = (5,600 x (1+0.06)^3) - 5,600 = RM 1,070
Payment to PTPTN - Dividen from EPF = 7,480 - 1,070 = RM 6,410

you can see end up you will pay extra of RM 6,410 - RM 5,600 = RM 810 in case 2.

Example 2
Starting principle loan amount : RM50,000
Remaining loan amount: RM25,000
Remaining loan year: 10 years

Case 1:
Lump sump payment to clear the remaining loan amount and get the 20% discount.

Payment to PTPTN = 25,000 x 80% = RM 20,000

Case 2:
Assuming that you keep the money in EPF and get 6% return every year.

Payment to PTPTN = 25,000 + 50,000 x 1% x 10 years = RM 30,000
Dividen from EPF = (20,000 x (1+0.06)^10) - 20,000 = RM 15,817
Payment to PTPTN - Dividen from EPF = 30,000 - 15,817 = RM 14,183

you can see end up you will get earning of RM 20,000 - RM 14,183 = RM 5,817 in case 2. However, for case 2 your monthly positive case flow will be lesser as you still need to take out money from your income to pay your PTPTN loan.

This post has been edited by junxianw91: Mar 25 2018, 09:58 AM

If the remaining loan year is long, it is better to apply the auto-debit to get 10% discount..... not worth to get 20% from full settlement.

Agreed, if your year is short, u are still paying the interest for the whole term, it will be more costly.
But if your term is long, and you just started to pay,
you do auto debit get 10% and invest the rest would be better.

If Insurance/Takaful portion is not paid on time, will that scar the CCRIS scoreboard?

So far doesn't seems to be effected

I think no,....for it is not a sort of loan whereby 1 is obligated to repay

Thanks.
The amount is too small to be paid every month!

You pay the Ujrah and insurance in one lump sum every month right? That said the PTPTN officer told me before insurance can even pay one shot at the end of payment.

Now, I pay at Portal using PBB Quantum MC.

I remembered last time I paid using JomPay, they don't adjust the insurance portion.

Portal can include insurance payment.

can i change the auto debit amount after i register it?
want to increase the monthly payment amount.

i dont think u can 'change'
u need to cancel previous one, then register new one. this is what i know

better you call ptptn n ask

quite risky as now ptptn and bank very strict abt the signature.
slightly mismatch then ur auto debit failed.

What age is now?
It's biometeric era.

Got bio also need sign..at least for bank.. Nt sure bout ptptn

Banks does double verification: signature and biometric.
Especially during withdrawal since nowadays most accounts are passbook-less

I know right!!

Damn hate sign things, as I am one of those people always have mismatch signature issue due to my signature always cacat n different each time. So modern liao I don't understand why just can't biometric everything.

huh, i remember i only done it online, no need go counter eh?

Should I get direct debit now or wait till the next budget since the grace period is extended to 12 months?

PTPTN exemption next budget