Ending Dec2018, no more rebate for auto debit in 2019

Too bad.
Whoever wanna take the chance to clear off the debt better do it now

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%

so the new mechanism of the new policy is yet to be decided yet, right?

I just want to know if the new system registers us automatically or we have to do it manually.

No more discounts for PTPTN borrowers

In the previous budget, the government extended discounts of 20% on the outstanding debt for a full settlement; 10% for repayment of at least 50% on the outstanding debt made in a single payment; and 10% for repayment through salary deductions or scheduled direct debit.

These discounts are available until Dec 31 this year.


Read more at https://www.thestar.com.my/news/nation/2018...d5ZHe7BK0IwW.99

(1) For those under ujrah and wish to make full settlement, will the total amount to pay is the total amount or after deducting the 1% ujrah cost?

(2) How to stop your employer from making monthly salary deduction after making full settlement?

Thanks

1. Yes, if u do full settlement during the grace period (12 months after graduation)

2. Give them the black&white from PTPTN from your full settlement

Got it, thank you.

Need some advice on behalf of my nephew. Previously I told him to go for Ujrah with monthly deduction since can get the 10% discount. Now that the discount will stop end of 2018, he asked if he is better of paying the fill amount and get 20% discount.

RM25,000 left to pay for 8 years.
20% off means just need to pay RM20,000
Is it a good move? say against 4% FD rate.

I read previous post about settling lump sum using EPF account takes a long time.

Can the amount be paid using credit card at the PTPTN office? And get the loan settlement letter immediately?

Thanks

This post has been edited by Human Nature: Nov 4 2018, 10:10 PM

ive the same question as above

At PTPTN office, you can make your payment using credit card as long as your card has sufficient limit.

As for the settlement letter and update for CCRIS:



Worth to settle now vs settle promptly for the next 10/15/20 years depends on individual financial risk/capability/cash flow.

Question -

lets say schedule repayment before year end, eligible for 10%.
the 10% will deduct as a whole? Or at monthly basis? If monthly basis, meaning, only 10% for 1 month(12178)?

Monthly basis. Just left 2 months

i was reading the earlier discussion and was going to pm you to ask this question lol

thank you very much

i discussed with my mom and maybe i will borrow money from relative to settle it lol, degree full loan rm49.7k

then its really useless to schedule it now for new payers la!

omg this is damn stupid move sial

Some info on full payment for the 20% disc till end of 2018

- You may contact PTPTN to inquire what is the balance and amount to be paid after 20% discount.
- You may make payment through online or at counter using the amount after 20% discount. Just need IC number for counter payment.
- Send the receipt to PTPTN and they will prepare the confirmation letter

Human Nature
Can swipe RM 10k or RM 20k online?

i believe so. The PTPTN officer who confirms that full payment can be made online know the amount is over RM20,000. My nephew made over the counter payment so unable to fully verify.

thanks for ur info.
just to confirm cc payment still available right ?

For PTPTN yes.
For SSPN, some said no.