Need advice on repaying PTPTN loan, all ur News and Questions on PTPTN
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 Oct 10 2016, 11:13 AM
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#1
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QUOTE(laith @ Oct 9 2016, 06:11 PM) I see. Is everything can be done at PTPTN at once, or need to go EPF for account 2 withdrawal, then go back PTPTN again? u need to go epf office to settle. Great. Do i need to sign on the new agreement or can remain the existing one?  btw, r u using the epf to clear outstanding or clear all ptptn?  |
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Nov 22 2016, 02:52 PM
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#2
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QUOTE(ComputerIdiot @ Nov 22 2016, 01:11 PM) Hi all, 1. if u payback 502.7 every 2month, u will have outstanding. its bad for ur credit report (ccris), so when u wanna take house/car/any loan, bank will take that into account.» Click to show Spoiler - click again to hide... « *****Say if I pay back them RM502.70 once in every 2 months, will i be blacklisted or its okay????? It suppose to be RM502.70 every month ******if that is okay i will rather pay back longer period, because interest rate is just 1% every year even though it stated 10 years diploma and degree 15 years. 2. u can go to ptptn counter/office to reschedule the payback period, eg: diploma 10years stretch to 15 years. im not sure when u will be blacklisted by ptptn to go oversea or not. but better go ptptn office and ask how much outstanding (baki tunggakan) u have. then start by repaying the tunggakan first, then only monthly. |
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Nov 23 2016, 10:29 AM
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#3
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QUOTE(ComputerIdiot @ Nov 23 2016, 09:56 AM) Thank you so much for your advice, so it means once we started paying back monthly, it has to continuously until it finished (Followed by the tempoh *years) I thought we can delay the payment...once awhile or suka suka pay once in every two months...so this is the answer i want...ccris will get a bad result when applying loan, but will it blacklist me? Chances are low right? Because I did constantly pay but just once in every two months...interest rate is still 1 % every year, just the time I return will take longer than it should be... 1. u can delay as much as u want, u can don't follow the minimum suggested payback amount. all this will show in ccris thou. u make ur choice.I am not sure what baki tunggakan you mean, because I think my payback period not yet start, because degree I don't have any interest yet so called (*1130 UJRAH) but my diploma already got monthly interest the 1% i mention above (RM 16.67) every month, just degree don't have interest so I think my degree return back period not yet start, anyway I will go there and confirm with them, and get a actual paying back deadline of DATE. Last question, as you mentioned payback period can be requested for longer, so how about interest rate? if interest rate is 1% i will request my degree from 15 years to 20 years and diploma from 10 years to 20 years...so both return period become 20 years what do you think? thanks alot. Also, payback by any method will enjoy 10% discount right, Najib did say pay back monthly following how much you suppose to return will enjoy 10% until 2018 or further notice...am i right or must payback with constantly monthly salary deduction or using EPF account 2 only can enjoy the benefit? thankssssss ccris wont blacklist u, ccris just a db showing ur credit record, bank/financial institute can get ur ccris if u wan to get loan from them, apply credit card or other credit facilities but government did say they will ban u from leaving the country if u dont pay ur ptptn. 2. outstanding balance (baki tunggakkan) - the amt you should have paid back by now, but u dint. i bet ur diploma ptptn have at least 2k tungakkan, since it started counting since 2014. but best u just go ptptn counter ask them check, they just need ur IC 3. interest rate stays at 1% p.a regardless of how long u wan stretch ur payback period. unless government changed something in the future. im not sure exactly how the 10% discount work, but if im not wrong, 10% discount only apply for the total payment u paid in 2017, not the total loan. this new 10% must pay back by monthly salary deduction, not any method. - another 10% discount is u payback 50% of the loan in lump sum. this 10% is deduct from total loan. QUOTE(David83 @ Nov 22 2016, 08:09 PM) At the end of the day, did they allow her to pass? i got a fren fren, flight at morning 5am, get blocked when entering the departure gate. his ptptn not paid even 1 cent since graduate, the airport officer ask him to call the ptptn hotline (24hrs) and some ptptn officer pickup and ask him to transfer xxxx amt to a specific account then after the airtport office confirm with ptptn officer over the phone that payment is made, only they allow him to get into departure gate. This post has been edited by deadravel: Nov 23 2016, 10:36 AM |
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Nov 23 2016, 01:18 PM
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#4
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QUOTE(ComputerIdiot @ Nov 23 2016, 12:56 PM) Thank you so much psyduck, very informative!!! 1.idk whether ptptn will blacklist u or not.  I know CCRIS wont blacklist, i mean will PTPTN blacklist me if i didnt follow the payback rule. Like pay every month RM502.3 until fully repay but I pay once in every two months Lmao...if PTPTN wont blacklist me I will do this, because as u said 1% is fixed...but end up I will pay back take longer period 2 x the origional payback period. So 10% discount must pay back by auto salary deduction monthly*, i think cannot enjoy 10% already, it only for 2017 which is 12 months got 10% discount of total returned amount** My diploma total is 20k,and must payback in 10 years, total is RM22,000 to be paid in 10 years time. the interest start April 2014. But wonder why degree not yet started. No 2k that much, every year RM 20,000 interest rate is 1% so RM200, 2014 April - 2016 now...its estimate RM500++ , my total outstanding for PTPTN is RM20,500 +- Do you have any advice for me? What i am thinking is pay less....choose longer period to fully repay all. I mean use twice the year 20 years for both diploma and degree. Because interest rate fixed at 1% and inflation is so crazy...i rather put it all in my bank enjoy 4.5FD rate. pls take note 1% is p.a over ur total loan. mean the longer u drag, u more interest u have to pay. current payback period is 20years = 20k *1% * 20years, if u drag 30 years = 20k*1%*30years 2. ur baki tunggakkan = the amount u should have paid back till now. take what u have given here, can easily get the numbers: ( 20k(loan) + scheduled payback period interest(20k*1%*10years) ) / (10years *12months) = 183.33 monthly repayment or easier for u = 22k/120months = 183.33 monthly repayment so u said the loan payment interest start from april 2014, means from april 2014 ptptn expect u to start payback the ptptn monthly april 2014 till now november 2016 = 32months . and assume u dint pay back 1cent = 183.33 *32 months = rm5866.56 u owe them 5866.56 outstanding (baki tungakkan) which u should have paid back till now, but u haven pay 3. my advice to u depends on ur current situation. - if u going to take on loan for house/car/etc soon, i suggest u to pay the oustanding first, then pay ptptn monthly as planned (or reschedule it to longer period, monthly pay lesser) - if not, then go reschedule the ptptn payment period to longer period, then start paying monthly. ptptn/government will only blacklist u if u have outstanding, idk how they decide how much outstanding to blacklist. but if u clear outstanding, then continue to pay monthly, nth will happen. if got any error , pls let me know |
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Nov 28 2016, 03:30 PM
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#5
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QUOTE(cheefai7 @ Nov 28 2016, 02:35 PM) ComputerIdiot, 4.5% is not perpetual, bank can revised it anytime.Max you can enjoy it at 1 year. If you have the dough, why not pay it lump-sum to enjoy the 15% discount? And started to build wealth with the incoming stream of income. If you in debt, you need to serve. diff people have diff views.but in long term even the 3% fd still > ptptn 1%  |
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Nov 29 2016, 10:08 AM
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#6
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QUOTE(cheefai7 @ Nov 29 2016, 09:54 AM) 'but in long term even the 3% fd still > ptptn 1% ', this statement has already factor in the savings you get from 15% discount? yes. factor in 15% discount dy.Yeah, agree, different person has different perspective in terms of personal finance, sharing it could broaden the horizons. 15% discount is 1 shoot if u pay now. what the previous guy meant was. he just put the money in fd n compound for 10-20years , easily more than 15% eventhou every year 1% ptptn interest anyway. in the end depends on what u do with ur money la. |
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Nov 29 2016, 12:51 PM
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#7
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QUOTE(BlackWoods @ Nov 29 2016, 12:29 PM) If you factor in inflation, rise of living cost etc, the little amount you gain from FD over 15% discount and the 1% interest of PTPTN is really negligible. yes. agree with what u say. Unless the loans are in few hundred thousands or millions, then it's a different figure. In the end of the day, it still depends on your current cash flow. If you can settle now with the 15% discount, I'd say go for it, clearing debt is always a good thing to do and it polishes up your credit profile. No need to worry when you want to apply for housing loan etc. If you can't, well there's not much thing you can do. Just make sure you pay consistently according to the stated amount to prevent from getting blacklist / CCRIS. first u need to identify the current situation u r in if u can fork out 50k to pay for ur ptptn and have money left for emergency fund and other requirements, then go ahead. if u cant. then just pay ur outstanding and continue to pay ptptn monthly another suggestion i would give is, utilize ur credit card and 0 balance transfer. but this requires more effort and self control |
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Dec 6 2016, 02:06 PM
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#8
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QUOTE(alex_cyw1985 @ Dec 2 2016, 03:35 PM) hi wanna ask. what is the no.pinjaman? cant seems to find it from ptptn acc.only have my IC edit: nvm, need to call ptptn to get the no.pinjaman This post has been edited by deadravel: Dec 6 2016, 02:07 PM |
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Jan 19 2017, 04:51 PM
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#9
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QUOTE(chiahau @ Jan 19 2017, 03:59 PM) Updated : ccris update not instant, update every month end,Checked my CCRIS and my 50% payment was not even updated for January. Meaning I am still owing PTPTN despite the fact that I paid to them already  also depends on the time ptptn submit the data to ccris |
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Mar 6 2017, 10:01 AM
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#10
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QUOTE(myroy @ Mar 6 2017, 09:27 AM) yes, your case same with me... letter wont prevent u from ccris la. they just say it like that. I need to pay 25% from my foundation 1st b4 proceed to monthly payment They said, letter only prevent you from CCRIS   check ur ccris will always show ur ptptn loan and outstanding. i think what ptptn meant is they wont submit ur loan to ccris in 6months, then after 6month ltr only start submitting ur statement. |
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Mar 27 2017, 01:17 PM
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#11
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QUOTE(LazyKurosaki @ Mar 27 2017, 11:41 AM) 57k per month only 290? Mine close to 500 depends on the payment period. maybe his is 15 or 20years?urs 10years? |
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Mar 28 2017, 11:06 AM
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#12
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QUOTE(sidefulnes @ Mar 27 2017, 07:19 PM) My repayment period is 20 years. I'm fresh grad so no point for me pay extra just to finish repayment faster and suffer along the way 😅 unless Budget 2018 offer something better for full repayment yes. true. but eventhou its only 1%pa, its not a small amt if u compound for 20years. maybe 2018 budget get 20% off if fully pay? haha  |
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Mar 28 2017, 01:21 PM
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#13
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QUOTE(LazyKurosaki @ Mar 28 2017, 12:56 PM) Definitely nt 10. Either 15 or 25.. he aldy answer. its 20years. thats why the low monthly repayment |
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Mar 31 2017, 09:30 AM
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#14
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QUOTE(fruitie @ Mar 30 2017, 12:10 PM) Why 10%? pay half of loan also get 10% 10% is for auto-debit and 15% is for full repayment. |
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Sep 7 2017, 04:14 PM
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#15
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QUOTE(Asenav @ Aug 25 2017, 03:52 PM) I'm using public bank. mine all debited on 10th, or i think next available business day. cause i saw 1 time in june mine debited on 13thBut I read on the ptptn FAQ saying that direct debit will be performed on either 1st, 10th or 27th each month? Can someone clarify on this? Thanks  |
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Nov 7 2017, 04:27 PM
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#16
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QUOTE(ruben7389 @ Oct 31 2017, 12:00 AM) Effective date is immediate or Jan 2018 only ? QUOTE(fruitie @ Oct 31 2017, 12:04 AM) I believe 2018, I didn't read it anywhere that it will be taken effect immediately. started 27Oct 2017!!!!     sos kicap: http://www.ptptn.gov.my/docs/Bajet2018/Mak...-Bajet-2018.pdf |
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Nov 7 2017, 05:16 PM
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#17
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QUOTE(fruitie @ Nov 7 2017, 04:35 PM) Got it. But still not settling now. whats holding you back, u can get lobang more than 20%? |
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Nov 7 2017, 06:29 PM
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#18
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QUOTE(Icehart @ Nov 7 2017, 06:08 PM) Just chillax probably, afterall the offer is until end of 2018 of course. i think i will pay it all this year. debt free is siok achievement for 2018 |
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Nov 9 2017, 03:08 PM
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#19
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QUOTE(plumberly @ Nov 9 2017, 01:40 PM) Now they offer 20% discount for early settlement of the PTPTN loan. Not clear on how they determine the outstanding loan. i think is based on base loan without interest.Say XYZ takes RM50k PTPTN loan with 1% flat rate for 20 years. 5 years later XYZ wants to settle the loan with 20% discount (assume the discount is still on). How is the outstanding loan balance determined? As AA or BB? Hope those who have settled the loan can share. Thanks. [attachmentid=9318187] definitely not BB, but not sure how to calculate |
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Nov 20 2017, 05:28 PM
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#20
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QUOTE(skeith @ Nov 20 2017, 04:26 PM) just helped my fiance to clear her PTPTN debt with 20% discount. hi, so can i confirm something with u?It was 22k. However, the system shows not clear yet. The official issued a temporary cert to shows that the payment was done and she is not debt free to ptptn. The official promised that the system will update when the account is close this novermber. is the discount based on primary debt? or include interest ? thx |
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