it shows ujrah, in my case, I choose to pay under Ujrah right?

Yes. Select Ujrah for repayment.

Hi just want to know, if make auto deduct monthly still got discount?

No discount even if you make full payment.

ouch...
since when this is started?

If I remembered correctly, 20% discount for full payment had ended on 2018 and never hear of further extension from subsequent budgets.

ok then i just need to pay as usual
thanks

The 10% discount for PTPTN using Auto Debit / Deduction was discontinued by the PH government previously. So yea no discount. Not sure about full settlement though

This post has been edited by Area51SE: Dec 27 2020, 02:54 PM

PTPTN loan repayments put off for another three months

PUTRAJAYA (Jan 1): The government has agreed to extend the loan repayment period of National Higher Education Fund Corp (PTPTN) for another three months to eligible borrowers.

Higher Education Minister Datuk Seri Dr Noraini Ahmad said the decision was taken because the government was concerned and realised that there were PTPTN borrowers who were still affected by the Covid-19 pandemic and had not been able to repay their loans.

"PTPTN borrowers who are affected can submit applications through the PTPTN official portal from Jan 5 to March 31, 2021.

"The loan repayment postponement period starts from the month the extension application is approved," she said in a media statement here today.

https://www.theedgemarkets.com/article/govt...er-three-months

Charges by PTPTN are appropriate, you take loan at low interest and pay only 3-4 years after disbursement upon finishing study.

Penangguhan Bayaran Balik Pinjaman PTPTN Dilanjutkan Selama Tiga (3) Bulan

Kerajaan telah memberi penangguhan bayaran balik pinjaman PTPTN mulai 19 Mac 2020 sehingga 31 Disember 2020 kepada semua peminjam PTPTN semasa negara dilanda pandemik Covid-19.

Kerajaan amat prihatin dan menyedari bahawa terdapat peminjam PTPTN yang masih terkesan dengan pandemik Covid-19 ini untuk membuat bayaran balik pinjaman pada tahun 2021. Sehubungan itu, Kerajaan telah bersetuju untuk memberikan pelanjutan tempoh penangguhan bayaran balik pinjaman PTPTN selama tiga (3) bulan kepada peminjam yang layak. Peminjam PTPTN yang terkesan boleh mengemukakan permohonan melalui portal rasmi PTPTN mulai 5 Januari 2021 sehingga 31 Mac 2021. Tempoh penangguhan bayaran balik pinjaman bermula dari bulan permohonan pelanjutan diluluskan.

Kategori Peminjam PTPTN yang layak adalah seperti berikut :
1. Peminjam yang kehilangan pendapatan iaitu diberhentikan pekerjaan dalam tempoh pandemik Covid-19; dan
2. Peminjam yang terjejas pendapatan iaitu pendapatan berkurang dalam tempoh pandemik Covid-19.

Maklumat berkenaan pelaksanaan pelanjutan penangguhan bayaran balik pinjaman ini akan dimaklumkan oleh PTPTN selanjutnya.

Permohonan akan mula dibuka bermula 5 Januari 2021.

Soalan lazim, sila klik: https://www.ptptn.gov.my/faq-bayaran-balik-...-ptptn-covid-19

Eligible borrowers can apply for extension starting today

KUALA LUMPUR: Extension of repayment period applications for National Higher Education Fund Corporation (PTPTN) loans can be made from today until March 31.

https://www.thestar.com.my/news/nation/2021...-starting-today

Application link: https://www.ptptn.gov.my/PelanjutanBayaranBalikCovid19/

MCO 2.0: PM announces aid package worth RM15bil

- PTPTN borrowers affected by the pandemic or floods, can apply for a three-month PTPTN loan repayment moratorium. Application for this moratorium can be made until March 31, 2021.

https://www.thestar.com.my/news/nation/2021...e-worth-rm15bil

PTPTN borrowers can apply to defer loan repayments from today

KUALA LUMPUR (Jan 20): Borrowers of the National Higher Education Fund Corporation (PTPTN) affected by floods wishing to defer their loan repayments can do so via PTPTN’s official portal, at http://www.ptptn.gov.my/PenangguhanKhasBayaranBalik from today (Jan 20) till March 31.

No supporting documents are needed when making the application, PTPTN said in a statement here today.

“The moratorium will be given for a three-month period beginning from the month the approval is given by PTPTN, between January and May 2021.

https://www.theedgemarkets.com/article/ptpt...epayments-today

Public can inquire, complain about PTPTN loan, SSPN through live chat service

KUALA LUMPUR (Jan 29): The National Higher Education Fund Corporation (PTPTN) has introduced a live chat service as an alternative channel for customers to deal with the corporation.

In a statement issued today, PTPTN said through the live chat service, customers can check, inquire and complain about matters pertaining to education loans, loan repayment and the National Education Saving Scheme (SSPN).

“Customers only need to browse the PTPTN official portal at www.ptptn.gov.my and click on the 'Live Chat' icon to enable them to communicate directly with PTPTN officers who are always ready to provide feedback.

"Customers also do not need to have any new media accounts to use this facility," it said.

It said the PTPTN live chat service, which began operation last Sept 14, is available every Monday to Friday from 9am to 5pm with 16 officers on duty, including a supervisor.

According to PTPTN, until last Dec 31, a total of 75,433 users chose the service, with a daily average of 993 users.

https://www.theedgemarkets.com/article/publ...ve-chat-service

Hi guys, I just started to pay ptptn. I have a few questions here. Just curious about the ujrah thingy.

1. For example if my debt is 30k. The repayment time is 15 years. If I managed to finish paying the loan in 10 years, does that mean I will pay less for the interest, or the interest is fix even I finished paying earlier.

2. Let's say if I accidentally skipped one month payment, will I be charged for extra interest or principal cost? Even I repayed two months in the following month?

3. How do I know when is the date that is the deadline for me to pay every month? Will ptptn send me an email? I worry I miss the deadline and get charged for extra cost.

Thanks for answering.

1. It'll stop charging you interest when you finish paying.
2. If you look at your online ptptn statement, there is an ujrah charge every month.. If you miss 1 month payment, when you pay on the 2nd month, the payment will be used to settle 2*interest, only then minus from principal.. So if you split payment and pay twice in a month, it'll cover 2* ujrah.. Then the next month's payment will just be fully principal..
3. No email to remind you, but got email to thank you after you made payment.. Anytime within the month is okay.. I'm not sure if there is a cut off for the month's payment.. I think the most is just a '1' in your ccris.. Not too sure of the financial implications of forgetting a month of payment..

Hope this helps.

Hi Sarah, I have the same question as well, currently my repayment period is 20 years, loan principal is around 50k. The minimum payment every month is around 260, if I increase the amount to 500 per month, will I pay less interest in the long run? Or do I need to go to Ptptn and ask for a shorter repayment schedule in order to increase the payment amount? Sorry if this question sounds dumb, I have just started paying my Ptptn loan as well.

If your loan is under Ujrah, the Ujrah cost is fixed. Paying more won't impact this.

The only way to "save" this cost is to perform a full settlement. With this, they'll re-calculate everything and you may save up certain amount based on outstanding principal and remaining tenure.

Agree with what Grumpy is saying.. When you say that by paying Rm500 per month, you'll be paying less interest, that statement is correct cuz if you have made early settlement, then the remaining interest won't be charged to you.. Since the interest is added to your total owed every month, you will be saving on the ones that have not been added to your statement.. One thing I noticed is that I started paying off my loan before the start of my repayment month/year and they calculated the ujrah monthly based on the remaining amount at the start of repayment date.. So that might help you save some interest