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.