paid 32k from my EPF... balance left 19k... FML

if like that pay one lump sum next year enjoy more discount lo?

Actually I'm still wondering how does the 10% deduction works.

For example I taken a PTPTN loan for 50k, and monthly payment is 350.

Now let's say I use the direct debit as the payment method and the promotion is only up to end of 2017. (let's not take the 1% interest into account for simplification)

So I can pay only 315 starting January 2017 and by the end of the year I'd have paid 3,780 and the leftover is 46,220 in my statement.

If it's one lump sum I can get the maths, I have 50k loan and I fully repay with 45k, one off.

The only part which makes sense would be I pay 315/month and in my statement will deduct 350 from principal amount.

But with this time limited discount I can't see how it can work out mathematically if I did not pay less, but the same amount I'm paying for.

If I were to pay 350 as usual where does the 10% discount is actually going to? Will they take the 350/0.9 and deduct 388.88 from my statement instead? If that's the case, doesn't that enable payee to abuse the other budget plan of "10% discount for the settlement of 50% of total amount" by paying let's say just 30% of total amount throughout the year before promotion ended?

Sorry phrasing might be a bit confusing but I hope you guys get my point.

TLDR;
Part 1: How does the 10% works if I pay the same amount monthly?
Part 2: If it works like I'm trying to say then the other budget would be exploitable to get 10% discount even if the settlement is not 50% or more. (Although there will be interest over the timeframe)

How does the discount work last time? If paid according to schedule for a year(or until end of dec 2017) then they giving the total deduction from the principal by the end of the period?

I see, thanks for the info!

go to ptptn.. they will guide you.

epf will pay using account 2 to ptptn

Previous mechanism that I have experienced.

E.g. Jan 2016 to Dec 2016, I pay RM500 per month, after Dec, total I paid is RM6000, around Jan 2017, PTPTN will credit RM600 into your account. Payment must be consistent, cannot skip a month.

nope. no thanks. such a hassle.

I already have so many transactions. gonna add one more to the mix. headache.

just tried pay using credit card via jompay...transaction accepted...let see how long it took for them to credit my cc and shows in the statement

Guys, for the past few years, I receive 10% discounts at the end of the year for consistent payment. The discounted figure is reflected on January account.

Is the 10% discount is still ongoing this year?

Hi guys.. correct me if I am wrong.. I am not eligible to the 10% discount (either through direct debit or salary deduction) if I have tunggakan?

Next month pay lesser
My opinion is that follow schedule pay to get 10% discout while at the same time stock up enough cash.
Then when got promotion discount, sekaligus clear the debt

anyone with conventional ptptn (3%), did you saw your ptptn statement get updated for NOV when u view it from E-FES?

or anyone know when will the statement get updated monthly?

up until today I still hvnt saw my payment nor the interest charged being shown in the statement

been waiting to ask.

I normally pay for loan via fpx.

there's two columns at the bottom of the penyata.

one is bayaran insurance and another is bayaran principle or water its called.

I key in my payment to which btw. I been keying it into the first column

I made a payment via JomPay on November 1st and it is still not reflected.

However, saw that the insurance side has been updated.

Yeah, I was wondering what is this Upah 1%.

ya...they just updated the interest charged...didnt saw my jompay payment get updated...so slow??? FAQ there say will be updated within 3 working days...now already more than 3 working days...

Just wondering, can we settle the PTPTN loan (full amount) using Jompay?

yup...posted..so slow...