If i were you, i'd do a potongan gaji or direct debit to get the 10% discount.

Then, them lumpsum amount of money invest in ASB/UT.

Hi, I just want to share my experience recently after settle my PTPTN with 20% discount through EPF last November. The process is like this:

1. Go to counter and ask the officer you want to pay in full - then they will ask either cash or other method of payment (such as EPF acc 2)

2. So for me I'm using EPF, then the officer will show you the amount to settle (80%) after the 20% discount

3. Once you agree, the officer will help you to submit the EPF witrawal application on your behalf, you will received the EPF withdrawal TAC code on your phone and just provide the code to the officer to confirm the application. The amount applied is based on 80% of your remaining PTPTN loan

4. Wait for EPF to approve, took me around 1 week (can check on EPF i-account for the status, or call directly)

5. Once approved, need to go to EPF office and bring few ori/copy documents and thumb scan (the PTPTN officer will inform you what to bring on step #3). Since my PTPTN loan is for my degree, I need to bring ori and copy of the documents below, yours might differ from mine, so please verify with the PTPTN officer first.

a. IC
b. Graduation certificate
c. Transcript

6. Wait for EPF to process and transfer the money to PTPN, took me around 3 working days

7. Now PTPTN online statement will automatically deduct 80% of your loan

8. Wait for the 10th day of the next month, and you need to follow up with the officer again (yes, you are the one that need to follow up) to remind them about your 20% discount. It took me 1 working days for the office to settle it.

9. Once that done, the office will give you the loan settlement letter. I received mine through email.

Overall the whole process took me 1 month+ to settle. Hope this info helps.
Tips: It is advisable to apply the full settlement starting 10th day of the month as PTPTN will 'refresh' their account monthly.

Hello guys...
Last year November I was actually planning to settle my PTPTN by paying full to earn the 20% discount....It would save around RM 8k.
...To have the lumpsum to settle full payment, my father was willing to borrow me the money, but he requested me to calculate is it really worth to earn this 20% discount?

However base on my calculation, it is not worth to settle in one time although there is 20% discount.... if say I put the lumpsum money in investment (regardless bank, or UT or others) and pay monthly with 10% discount by using auto-debit....and with 5~6% dividend annually, few years later I could earn more....

Thus I stopped and changed my decision to settle the full payment....
Instead, I am going to go to PTPTN office this week and apply for auto-debit.

Would like to know is this a good move? Appreciate for advice...
TQ.

See below.

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Sorry, please clarify each item. Not aware PTPTN can be this complicated. Ha.

Yes. I also pay my monthly payment with AmEx.

Nope. Pay manually every month.
For PTPTN, cannot use credit cards for auto-debit.

I still prefer flexibility, hence I didn't opt for auto-debit.

quite risky as now ptptn and bank very strict abt the signature.
slightly mismatch then ur auto debit failed.

Can anyone please advise on the 10 percent discount on paying half for remaining debt? My remaining debt is 27k, half of my remaining debt is 13.5k, given discount 10 percent, 1.35k, i need to prepare 12.15k right? The 10 percent discount is directly deduct from the 13.5k right?

i can save almost rm5k if i settle now.

to earn that rm5k with similar amount invested in FD, i need 5 years to earn that rm5k.

betul-betul dilemma

bayar macam mana ? melalui their portal?

Last I think this site can populate the 80% amount to pay:
https://www.ptptn.gov.my/bajet2018/Utama

Not sure if it's workable

I believe the no pinjaman is pre-Ujrah one.