Good,it's back. I remember back in 2003, some of my friends also got scholarship conversion. It lasted only for a short while, because gov then realised that there were actually quite many first class students.

did anyone already got converted from 3% to 1% interest?
seem like no news at all

well, i heard that they are going to convert the 1% interest if you pay the whole lump sum.

No you cannot. At a certain junction, PTPTN will count how much you are SUPPOSED to pay them and they will write u a nice letter asking for this amount. If u no pay this amount, bar from overseas. So good right? And they can simply spend rakyat money on other things.

I want to ask if I lost my Offer Letter Reference No.
How I going to get my Offer Letter Reference No back to pay to PTPN?

just call them..give your ic num.

Now the GOOD news is here:

" Untuk makluman semua peminjam, PTPTN dalam proses untuk menawarkan pertukaran pinjaman (3%) kepada pembiayaan pendidikan ujrah (1%) secara berperingkat. Sehubungan dengan itu bagi melancarkan proses penawaran tersebut peminjam dikehendaki mengemaskini maklumat yang diperlukan didalam laman web kemaskini Ujrah (klik di sini). Jadual untuk mengemaskini maklumat penawaran pertukaran pinjaman (3%) kepada pembiayaan pendidikan ujrah (1%) dapat dirujuk di sini. Carta alir proses penawaran pembiayaan pendidikan / ujrah boleh didapati di sini."
[http://www.ptptn.gov.my/web/guest/anjung]


Link 1: http://www.ptptn.gov.my/gateway/ujrah.jsp
Link 2: http://www.ptptn.gov.my/web/guest/pembiayaan/tentatif-ujrah
Link 3: http://www.ptptn.gov.my/docs/CARTA%20ALIR%...RAN%20UJRAH.pdf

For PTPTN applicant in year 2003, 2004 and 2005, can only register on 1/11/2010 for convert 3% to 1%
Year 2006, 2007, 2008, registration starting from 20/9/2010
Year 2002 and before, registration starting from 1/12/2010

~~~ Cheers ~~~

This post has been edited by c2s: Sep 24 2010, 10:44 AM

how to check if I am barred from leaving the country?

hi,

i would like to settle half of my loan.Should i do it now or wait for pembiayaan pendidikan ujrah (1%).Please advise.Thanks

Both same because it will not affect ur loan interest calculation.

found this on their website


Untuk mendapatkan Nombor Pin anda, perkhidmatan melalui sms :
PTPTN NOPIN<JARAK>NOKP
Contoh : PTPTN NOPIN 820504159636
dan hantar ke 33199 . Caj 50 sen akan dikenakan bagi setiap sm

i tried and it worked .

I applied for the conversion interest from 3% TO 1%.
Got an email reply from PTPTN with attachments.

In fact, you still need to go through some procedure in order to get the application approved...
For example completing bout 20++ forms, getting signatures from 2 penjamin and saksi who works for government,
then send back to PTPTN...why should they do this to us??

It makes us, payees feel burden and insincerity of Gov.
Kononnya giving less interest rate but with conditions.

This post has been edited by mango_juicy: Dec 16 2010, 09:42 PM

Mango_juicy,

Is it possible for you to attach the documents for us to view?

I couldn't be bother by their hire purchase 1% rate with something like re-financing. Better stick with the principle reducing 3%. Cheaper.

What do you mean? The 3% and 1% is base on different calculation? If I borrow 50K, how much is it different? Assuming 15 years to pay back.

How does the 1% pembiayaan ujrah works?
Any different from 3%?

3% is like house loan....the faster you pay at first, the lower the interest rate that you will be paying after annualized.

1% is like car loan, which if you are paying over >10years, 1% is cheaper.

Eg 50K for 15 years
If 3%, total interest paid will be >12K
If 1%, total interest will be 7500 only
On both occasion assuming you are paying according to the schedule.
For my case, I pay more during the first 4 years, so the interest rate is a whole lot lower, should I change to 1% now. Besides, my loan is just 21K, so can better settle asap without changing plan and going through all the hassles. Bear in mind, if you wanna go oversea after you sign the 1% agreement, you need to tell 3 months upfront.

I'm not here to discourage people to change to 1%, just IMO it doesn't worth the hassles, just me. Fact is, I even encourage my friends to change to 1% as their PTPTN loan amount are huge....

This post has been edited by jasontoh: Dec 30 2010, 09:20 PM

Wow, where did you get this info to support your statement?

My loan is around RM40,000.00. Should I convert it to 1%? I was thinking to fast-fast pay finish also.

Jumlah Ujrah = Jumlah Pembiayaan Pokok x Kadar Ujrah (1%) x tempoh bayaran balik (tahun)

I got this formula from the PTPTN pdf. So what would be the interest be after conversion? Need to pay ikut tahun?

Correct....1% = something like HP aka interest rate x repayment years x principle while 3% is principle reducing (think you can find the 3% information from your agreement). After you calculate how much you interest you need to pay for your 1% loan, then go to PTPTN website, and go to the loan calculator...and key in your principle, 3% and the total of years you want to pay back (in months), then you will get the total of the interest you need to pay for the whole tenure and compare with the 1%. You can decide to 1% or 3% then.

Can one apply PTPTN loan if the studies is overseas?
How about if its a twinning program overseas 2 yrs and 3 yrs local?

Thanks