I got this from the website..

Question 12:
Does PTPTN give rebates to borrowers who settle their loans earlier than the period specified?

Answer:
Yes, rebate will be given to borrowers who settle their loans earlier than the period specified. The amount will depend on the last date of repayment.

Anyone know what is the rebate above means? Rebate from the administration fee being charged?

i think it's rebate on the interest rate charged.

i went there last week to start paying my ptptn, never received any mail from them that instruct me to pay. So yeah, when i reach at KL Sentral, d staff told me i should received my mail like back in march where i should start paying. anyway, i think this what ptptn need to improve on, maybe using mail and email to instruct borrower to stay payment.

Anyway, my loan is 32k and i still stick to 3%. they hand out to me d list of payment:

Loan:31.5k, administrative cost:8,600 (this is quite surprising, but since i promised to pay their loan i will go ahead), and total i need to payback is 40k (more or less).

From March 2011-Feb 2012: Ansuran bulanan is RM78
From March 2012-Feb 2013: Ansuran bulanan is RM99
From March 2013-Feb 2014: Ansuran bulanan is RM127
From March 2014-Feb 2015: Ansuran bulanan is RM161
From March 2015-Feb 2016: Ansuran bulanan is RM207
From March 2016-Feb 2026: Ansuran bulanan is RM267

Just to share my monthly payment as reference for your guys. and i think its not bad for d first 4 years d payment is relative cheap. Around 100 only..so there is no reason why we cant pay to PTPTN right?

u borrow u pay.

cheers

Just to share:

1% is flat-rate interest while 3% is fixed rate interest.

CIMB clicks only charge RM0.50 wor.

I paid lump sum for Pinjaman 1. Almost RM5k. Erm, no discounts. Just that interests stop calculating.

PTPTN cacat.

my fren borrow foundation 5k degree 39k

foundation 1yr
degree 4yr

the 5k start calculate interest since day after complete foundation

wtf

Yup, happens to me too. Memang cacat system.

I received the load approval yesterday for 70k, If I pay all (one lump sum) within 6 months after I graduated, I'll just need to pay back 70k only right?

Yes, no more discount.
They happy if you not pay all.
Follow their monthly payment.

I would suggest since your loan has just started repayment to change to 1%. You save a bundle.

Does anyone know what is the rebate formula that PTPTN will used if the loan is now 1% flat rate and one chooses settle as a lump sum payment?

I found Bank Negara's hire purchase rebate formula but not sure whether can use or not...

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Added on August 28, 2011, 3:33 pmYou will get a penalty for the other 8 months

This post has been edited by zenquix: Aug 28 2011, 03:33 PM

hi, wonder how can i login to efees? i keyin the No PIn given by sms and my IC, but it said NO PIN tidak sah!
the No pin given is 7 numeric, but my friend say suppose is 6 numeric only. pls help!

This post has been edited by chongelicia: Sep 25 2011, 10:46 PM

Pin is 6 numeric. Call PTPTN hotline for you to get the pin.

If we opt for the 1% will it still allow us to pay progressively? or Average?

u need pay the amount stated at the policy no less.

if pay more ok

wondering if theres any business to do for PTPTN repayment...ermmm..

Is it ok to pay more, how do they calculate it back? I thought you have to follow the agreed amount in the policy to make the interest longer...

what do you mean by make the interest longer..?

My statement is somewhat related to the fixed amount automatically deducted from your income...before this you are free to pay it whatever amount monthly or annually with 3%interest which give you a chance for the payer to settle early, but now you need to pay exactly per month agreed with 1%interest in a longer period (as per amount borrowed). What I'm trying to say is PTPTN now can hold the minimum payment every month and can penalise you when you breach the policy unlike the old pay as you like method...

weird question: can I choose to pay back my loan for 30/40 years?

Even u pay more monthly, the interest u pay is still same. No more and no less.


Its fixed by ptptipu