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Need advice on repaying PTPTN loan, all ur News and Questions on PTPTN
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jasontoh
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 Dec 21 2009, 04:57 PM
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QUOTE(epalbee3 @ Dec 21 2009, 04:37 PM) It is still 3% to the balance annually. and FD still 2.1% annually to the balance. For an example, supposed you only use to FD to pay off your debt, at the end you will remain very minimal amount to get 2.1% interest where your minimal loan is still charged 3%. So you will still lose this 0.9% annually. unless you have better return instruments. So, please pay off your PTPTN, if you are able. No point keeping the money. Not really, if you have 21K and put in monthly FD, you actually gain, though it is just peanut gain which inflation can wiped it off. I calculate using Excel sheet before. It is true, if you have money, just pay it off, unless you can get better return. |
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edyek
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Dec 21 2009, 05:13 PM
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PTPTN is a blood sucking vampire institute. I just settle off the debt last year for 45k in one shot including all the bloody interest.
On the Angel side they are helping the Rakyat. On the Devil side they are making the Rakyat their slaves.
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jasontoh
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Dec 21 2009, 05:16 PM
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QUOTE(edyek @ Dec 21 2009, 05:13 PM) PTPTN is a blood sucking vampire institute. I just settle off the debt last year for 45k in one shot including all the bloody interest. On the Angel side they are helping the Rakyat. On the Devil side they are making the Rakyat their slaves. If you think they are blood sucking vampire institute, try getting loan from banks and compare. |
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mygarage
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Dec 21 2009, 05:31 PM
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New Member
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If u refused to pay they will black listed u and ur passport..this happened to my fren..so think twice make ur own decision..ITS REAL...!
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epalbee3
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Dec 21 2009, 05:35 PM
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black list you mean you can't go out of the country, can't take a loan, can't apply new credit card, and this might affect next generation, right?
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mygarage
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Dec 21 2009, 05:43 PM
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New Member
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thats true..!so go & settle up ur loan properly..happened to PTPN loan but not yet to JPA loan..ull really surprise if u cant go out of country when ur flight tickets/passport is in ur hand!!!
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epalbee3
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Dec 21 2009, 05:51 PM
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I have settled mine.. and free of mind..
In fact PTPTN is offering lowest interest among all loaning instruments.
but it is still higher than FD. Thus paying loan first before building savings..
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theWinner
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Dec 22 2009, 04:32 AM
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Getting Started
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QUOTE(edyek @ Dec 21 2009, 05:13 PM) PTPTN is a blood sucking vampire institute. I just settle off the debt last year for 45k in one shot including all the bloody interest. On the Angel side they are helping the Rakyat. On the Devil side they are making the Rakyat their slaves. No, It's Angel institution! One could get first class and convert the loan to scholarship, regardless of the amount. So, if you borrow RM80,000, and if you get first class, the money is yours! Since there is no bond, you could leave the country for greener pasture. PTPTN is the best loan on earth! |
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hazairi
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Dec 22 2009, 07:28 AM
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All ptptn borrowers will get only 1% interest per year. They will send u a new agreement. Just keep on pressuring them..
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wu ming
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Dec 22 2009, 08:14 AM
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Eh, how come there is no update on the E-Fes website although I have made some payment to PTPTN since last week?  I am kinda worried now. Will the money be lost in transaction?  |
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hazairi
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Dec 22 2009, 08:44 AM
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QUOTE(wu ming @ Dec 22 2009, 08:14 AM) Eh, how come there is no update on the E-Fes website although I have made some payment to PTPTN since last week? I am kinda worried now. Will the money be lost in transaction? just call directly to their number.. try look in www.ptptn.gov.my |
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IEE
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Dec 22 2009, 09:17 AM
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QUOTE(wu ming @ Dec 22 2009, 08:14 AM) Eh, how come there is no update on the E-Fes website although I have made some payment to PTPTN since last week? I am kinda worried now. Will the money be lost in transaction? I am in the same situation as you. I just called PTPTN , "we are repairing our server at the moment.pls check after christmas" is their reply. |
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cic.lemur
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Dec 22 2009, 09:53 AM
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QUOTE(jasontoh @ Dec 21 2009, 04:57 PM) Not really, if you have 21K and put in monthly FD, you actually gain, though it is just peanut gain which inflation can wiped it off. I calculate using Excel sheet before. It is true, if you have money, just pay it off, unless you can get better return. It's important to have some amount of savings for emergencies, invest in PNB funds instead of FD, can get decent return, 3% interest is very low, I think it's more worthwhile building up savings, just pay the required PTPN payment each month |
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epalbee3
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Dec 22 2009, 10:19 AM
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QUOTE(cic.lemur @ Dec 22 2009, 09:53 AM) It's important to have some amount of savings for emergencies, invest in PNB funds instead of FD, can get decent return, 3% interest is very low, I think it's more worthwhile building up savings, just pay the required PTPN payment each month I am thinking the same during the first few years, hoping that they will suddenly announce no need to pay back. Then I feel quite lazy and pay off everything. As investment can earn and loss, my mind will be free to invest when the debt is cleared. That means we invest on what we have. |
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clsia1001
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Dec 23 2009, 04:27 AM
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QUOTE(mygarage @ Dec 21 2009, 05:31 PM) If u refused to pay they will black listed u and ur passport..this happened to my fren..so think twice make ur own decision..ITS REAL...! QUOTE(epalbee3 @ Dec 21 2009, 05:35 PM) black list you mean you can't go out of the country, can't take a loan, can't apply new credit card, and this might affect next generation, right? my fren delayed in payment (He loan 40K, but once the admin charge+ loan amount is more than 40K), and he got letter from PTPTN stating there will be court action.. He then panic and go pay RM628.55 one shoot..  ).. Better to keep ur total loan amount balance+admin charge below ur loan amount.. |
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whoopa
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Dec 23 2009, 08:13 AM
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u can pay how much u pay how much le .. zz i wish to settle my loan asap then only invest la .. zzz
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wu ming
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Dec 23 2009, 10:21 AM
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My aim is to pay of RM5,000 by the end of next year with my fresh graduate salary.
Some people said that the money keep put in FD can rolling back but I think that is just impossible.
I am being charge around RM100 for administration cost for each month. Put money in FD also don't have this returns might as well just pay up.
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joenjill
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Dec 23 2009, 11:52 AM
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actually where u guys pay the payments without charges by the banks?
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wu ming
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Dec 23 2009, 11:57 AM
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QUOTE(joenjill @ Dec 23 2009, 11:52 AM) actually where u guys pay the payments without charges by the banks? Go and pay at the PTPTN counter if you are staying area around KL. Then you will need to spend time to travel there. Don't forget about finding parking.  Might as well pay the RM0.50 for the bank transaction cost. The value is insignificant to some. This post has been edited by wu ming: Dec 23 2009, 12:14 PM |
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epalbee3
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Dec 23 2009, 03:58 PM
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I think PTPTN is conducting checks with working places to provide borrowers' information to them.
Eventually all workers will have to pay or they will deduct money from your salary..
no escape anymore..
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