QUOTE(jasontoh @ Dec 17 2009, 11:37 AM)
Effective rate is about 1.x%
PTPTN charges 3% annually.
FD gives 2.1% annually.
it is better to pay off if you have extra money.
Added on December 17, 2009, 1:22 pmQUOTE(ahnien @ Dec 11 2009, 12:47 AM)
actually, reducing balance @ 3% considerably quite low ady.
jus from the statement and repayment schedule given. its based on 15years tenure. and they give flexibility of repaying very minimal amount during the 1st few years.
thats why the so call admin fee(interest charge) is so high.
regardless how or when they gonna fix the interest rate. back to 1% for eligible borrowers.
i think... we shud jus repay accordingly each month.
ahnien's 2 cents
stick with a schedule to repay. but dont give yourself a hard time.
the starting is always hard la. fresh grads have to get their lives moving oso. but dun over spend lo.
ASSUMING that everyone of us here with ptptn loan will have achieve something great in the near future, let say 5-6years. by that time, we shud be earning about 7-8k or more. i'm talking bout at least 10k though.
and for sure by that time, dont tell me we cant afford to pay 1k -2k or even more a month.
easily during that time, we could have settle it in less than 3 years time. and we would have saved up to 5-6years of interests.
thats the great thing bout reducing balance
jus dun overspend lo. and dun buy honda city or civic !!!!!
But the fact is: the older you grow, the more commitment you will need, and your salary will stay the same.
Look around those people older than you, do they earn higher than you? You are paid based on the work you do, not your age.
e.g. if you are a bus driver, do you think you can drive more times when you are older? definitely no. because you still have 24 hours, like all people.
I personally think that I should pay off in one shot, as I feel debt free when I paid off, of course this is my extra money.
Added on December 17, 2009, 1:37 pmQUOTE(sranua @ Dec 17 2009, 01:08 PM)
Thats mean I'm gonna stick with local or 2nd hand car and finish my debts first....
It is easy to lend people money, but hard for repayment..
I also delayed my payment to PTPTN, but later on I realized that those who borrow must pay back.
We can come out with a lot of reasons for not paying back, like:
1) Many people also default.
2) Working life is so difficult and earn so little.
3) Education should be free.
But, when we applied for PTPTN, we never said the above.
So, later on, I just cleared my PTPTN. I felt relieved after that.
For me, I think any unsecured loan will make me uncomfortable.
Unsecured loan is like personal loan and credit card, which I think we should pay off.
For study loan, it is necessary for those who have no money, but definitely you can't sell you degree to get back money rite?
For car loan and housing loan, it is acceptable, because you still can sell off you property and repay the debt.
This post has been edited by epalbee3: Dec 17 2009, 01:37 PM 
Dec 27 2007, 11:26 PM, updated 8y ago
Quote
It's slightly lower than 3% lor So i believe my statement in Question b) is right 
So how does PTPTN calculate interest?? 
...as we are from same course...and i helped them to pay the PTPTN as well 
cool 
.
1st time got praise from paying hutang haha
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