Rebate reflected


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checked mine. tak ada lagi .



This post has been edited by Jitty: Dec 7 2021, 11:39 AM

Seem already reflected on my side. I already use debit since 2 years ago

https://amirazman.my/tutorial-pendaftaran-d...ct-debit-ptptn/


Saya harap ini membantu untuk sesiapa yang ingin buat pendaftaran direct debit PTPTN

thank you appreciate it

Is this direct debit? The reference looks different.

Hi all,

I'm considering paying the full amount of PTPTN to grab the discount of 15% given by our beloved government by using KWSP Account 2. After the workout which seems like not worth doing so? here is my calculation

Here is my calculation:-
PTPTN amount of RM 38,500.00
Monthly payment RM 245.50 (RM 212.92 payment and RM 34.58 interest)
Full payment to save RM 5,775.00 (15% from RM 38,500)

If monthly stick to the monthly pre-payment required 181 months (RM 38,500.00 / RM 212.92 = 181 months equivalent to 15 years) to clear the PTPTN.

With this 15 years, KWSP Account 2 compound interest of 5.5% p.a (assumption) will be earned about RM 49,200.00.

In order to save you RM 12,033.98 (RM 5,775.00 plus RM 6,258.98 (RM 34.58 x 181 Months)). You're losing RM 37,166.02 (RM49,200.00 - RM 12,033.98)

Meaning to say, it's not worth clearing PTPTN using KWSP Account 2. Any sifu can enlighten me? Just a simple calculation.

This post has been edited by BlackPen: Jan 6 2022, 06:11 PM

The govt is not asking borrowers to withdraw from EPF. If you think is not a good decision, then cont with the instalment.

Anyway, just settled yesterday through CC and converted to 12 months interest free instalment.

Yea, government not specifically mention borrowers to withdrawn money from epf account 2 to clear the outstanding, but government are encouraging borrowers to clear the debt. That why government giving out discount.

I’m just sharing the calculation for discussion which is the best way nor best interest to pay the ptptn loan. This is what lowyat forum for and not just reply “if you think not a good decision, then continue with the instalment”. It’s not benefits to this thread.

This post has been edited by BlackPen: Jan 6 2022, 07:26 PM

Withdrawing epf money with compound interest to payoff is never a good decision from the start.

Epf is for retirement and never a solution to settle a debt. But if one wants a debt free mind then dont think too much about interest loss.

This post has been edited by mini orchard: Jan 6 2022, 07:28 PM

I’m agree with you. This option might not the best but KWSP did given an option to borrowers to payoff / offset by using account 2. No harm to compare the option to opt the best option. Some borrowers might think it’s worth? Who knows? Might have different opinions worth to discuss for?

This post has been edited by BlackPen: Jan 6 2022, 07:29 PM

But if one wants a debt free mind then dont think too much about interest loss.....is not wrong also with this approach....more of personal choice.

i have already cleared all the PTPTN outstanding amount and received the "SURAT PENYELESAIAN HUTANG (SPH) PINJAMAN PENDIDIKAN PTPTN", do I have to notify PTPTN for them to take action to credit my rebate? Or i can just wait for them to take the action?

Yeah.. time to be only single loan debt (house loan)

W/o the 15% discount and EPF withdrawal.. I am already running out of time to pay

Sudah hancur.. luckily all the things I needed already obtained loan before CCRIS calculate ptptn

So from your experience it take 3 weeks to get the clearance letter from PTPTN

Anyone withdraw EPF to settle Acc 2 ? I still need to top up a bit but small amount (pay via CC)
How long does EPF take to settle the Acc 2 withdrawal to PTPTN side?

Technically, procedure is get the balance (with 15% off) confirmed for this month JAN and make sure everything is paid up to that discounted amount all within JAN right?

Hi, where can I find detail which credit card can be use to convert into 0% interest free installment? which CC did you use

Hong Leong Bank ..... Free Flexi Payment which is currently having a promo until 31.01.22 for selected customers. Not sure what is their tnc thou but they send me an email.

PBB is having 0% for 12 months for new card application untilI 31.03.22.

For others, I am not sure as I dont have theirs.



This post has been edited by mini orchard: Jan 16 2022, 05:52 AM

Obviously you don't trade an asset yielding 5% to clear off a liability costing 1%. Just doesn't make sense. Not even with the 15% upfront discount.

Don't touch epf to clear ptptn

U just discovered the power of OPM.

As per ur calculation, u are correct to continue paying a low interest against taking money from higher dividend fund.

I'm not financial advisor, but u r correct to defer the payment. Also, if you have extra money, dump more in EPF and don't extra pay your ptptn.

Or save more money to get mortgage.

People who say peace of mind from debt is just people who are not disciplined enough to control debt to profit from them.

I never heard successful business is done without investor or debt.

I am sure you have also heard failed business also done with investors or debt.

That is because those debt or loan are taken to pay operation cost or in other word, the business is failing fundamentally.

Capital injection must always be used for expansion not to cover your digged hole.

Example in laymen, u find investor to pump RM30k.

Instead opening few more branches or expand the space of your premise, you use it to pay utilities, worker salary or your raw material.

Hence you failed to leverage OPM and digg your business grave deeper.

Air Asia is a good example of loaning to pay salary and fail miserably.

Amazon and Ali Baba are good examples of getting more fund to expand operations.

If Jack Ma didn't get enough fund back then, Ali Baba will not become as big as it is.