I dont hv ptptn loan a/c..
Can I ask, is the details of that 2 loans displayed in ccris has separate reference like different a/c number or loan numbers to differentiate between the diploma loan from the degree one?
If hv I think n my bets is,... settling one fully will also gets that discount.

Read upon full settlement of loans which all loans paid of and no due after that 

Hi all,

I'm considering paying the full amount of PTPTN to grab the discount of 15% given by our beloved government by using KWSP Account 2. After the workout which seems like not worth doing so? here is my calculation

Here is my calculation:-
PTPTN amount of RM 38,500.00
Monthly payment RM 245.50 (RM 212.92 payment and RM 34.58 interest)
Full payment to save RM 5,775.00 (15% from RM 38,500)

If monthly stick to the monthly pre-payment required 181 months (RM 38,500.00 / RM 212.92 = 181 months equivalent to 15 years) to clear the PTPTN.

With this 15 years, KWSP Account 2 compound interest of 5.5% p.a (assumption) will be earned about RM 49,200.00.

In order to save you RM 12,033.98 (RM 5,775.00 plus RM 6,258.98 (RM 34.58 x 181 Months)). You're losing RM 37,166.02 (RM49,200.00 - RM 12,033.98)

Meaning to say, it's not worth clearing PTPTN using KWSP Account 2. Any sifu can enlighten me? Just a simple calculation.