Still waiting ptptpn site to clearify

10% to me is alot

I don't see the connection, can you elaborate?

with that logic,...i would just continue to pay monthly instead of pay half or full...
what is the monetary value penalty for non payment/late payment?...will it be lesser than the ROI that one make with the money from that monthly repayment? (going into robo/index funds investment instead of ptptn loan)
if yes,..i would also consider that route abate morally wrong

If you can invest in other platforms and earn more, logically you should do that instead of settling the loan

If you can earn more as a businessman, why want to be employee.

I hope I read your post correctly.

This post has been edited by mini orchard: Oct 30 2021, 11:37 AM

The 10% discount on scheduled direct debit will most likely for the 6 months period from Nov 21 ~ Apr 22. After that, the scheduled direct debit is without any discount.

extended 1% fixed rate interest, which is about 1.9% in practice I heard. I won't say its morally wrong, just not the most kind choice - my repayment schedule was 15 years anyway, not paying it off earlier than usual probably just mean the resource pool refills at normal rate...

Ah yeah, I get what you mean now, I derped out and couldn't get the meaning for a moment there.

Thanks to you two, just gonna drag it out and pay normally instead of taking up the discount and lose a bunch of cash for a measly 2-4k

No need to overthink le.

Just settle fully and have a peace of mind.

15% guaranteed discount, why not

Napkin math, on a 40k PTPTN loan:
Lumpsum into investment even at a modest 6% return will get me ~139% ROI or 55.8k;
Lumpsum for PTPTN discount will save me about 6k in interest and 6k on discounts.

55.8k - 12k = 43.8k difference in favor of investing. That's a pretty hefty price for peace of mind...

If my math are off or there are other benefits I'm not seeing, please do let me know though.

This post has been edited by Hoshiyuu: Oct 30 2021, 02:23 PM

40000 if 15% is 6000 discount direct upfront untung

40000 if @ 5% returns PA = 2000 pa

if loan tenure is 10 Yrs?....
mana satu untung lagi banyak

1st, your 40,000 is reducing every month. So your return will get lesser and lesser. Let's say 2k X 10 years /2 = 10k

2nd, you need to pay 1% fixed interest, which is around 2% interest pe year. So to get 5% return, you will need to aim for 7% guaranteed return, which is hard.

3rd, 6k guaranteed discount Vs 10k (not guaranteed investment). If you settle the loan now, you can increase your DSR and have a peace of mind.

Not worth all the trouble imo, when you can have lump sum 15% discount.

was thinking of put inside EPF for abt 6% - abt 2% pa for the penalty,...still nett gain of about 4%....possible this way?

Err if you want to continue paying, your only benefit from this budget is the direct debit discount (dunno last how long). Your intention to continue paying should not be affected before after this budget.

The 15% discount for lump sum is new, so people will have more incentive to settle the payment now. It's up to u whether u think you can beat the 15% discount now, previously there's no discount so you have more incentive to drag your payment.

Biggest pro is lessening the loan amount in Credit score, looking back this would make a big difference in financial standing when applied for other loans especially earlier in career. Also, PTPTN able to pay with credit card / ewallet and balance transfers and get miscellaneous benefits. Not many other investments can be paid with CC, so consider it as a 12/15% investment on unused credit limit.

U put in 40k for 15 years, assuming 6% return annually, you will only get 55.8k if you don't touch the funds for 15 years.

But you will need to continue serving your PTPTN every month. It's not like you can pay in one lump sum after 15 years. Actual return is only half of it, which is 27k.

And if your return is only 4%, you will only get 16k. 16k Vs 12 k savings, and you need to invest for 15 years to only break even. Why sweat it?



This post has been edited by victorian: Oct 30 2021, 03:30 PM

Already scheduled auto direct debit in 2017 and got 10% discount for one year before abolished by PH.
I still doing auto debit paying monthly till now, so will automatically get the 10% for this round in 2021-2022?

This post has been edited by CSW1990: Oct 30 2021, 06:10 PM

You can don’t pay then pay back lump sump after 15 years. Ccris hancur only. If don’t plan to buy anything huge for 15 years then just do it. To me it’s penny wise pound foolish only but maybe not to other people.

All very valid points that I didn't think of, thanks all!

Should be entitled for the discount

good afternoon guys, i log in to the PTPTN website and also call PTPTN regardin the 10% offer.

seem like both the website and PTPTN officer dont know anything about this yet.

anyone receive any news or info on this 10% auto debit discount?

That is under Budget 2022. Wait for their announcement.