A borrower was categorised as a persistent defaulter if he had not made a single payment for a period of three years,
“Someone whose payment is one-month overdue or who even fails to pay for up to one year is not considered a persistent defaulter"

SOALAN 10
Siapakah yang akan disenaraikan dalam CCRIS?
Jawapan
CCRIS akan dikenakan ke atas lebih 170,000 peminjam yang sehingga 1 Oktober 2014
tidak pernah membuat sebarang bayaran balik melebihi 3 tahun (mereka yang
sepatutnya mula membayar balik mulai tahun 2010 dan sebelumnya).

OK, my tunggakan is 0. Well, I also adjusted recently because I used to pay one lump sum and stopped for few months. They just barred me from travelling overseas, went and clarified, settled tunggakan and unbarred. Need this to be unbarred as my job requires me to travel extensively.

Now I'm ahead of schedule of 18 months.

I want to share my method of repayment.

Previously PTPTN offered 20% on total repayment, but I didn't have enough cash lying around.

This time around, they offer 15% discount for full repayment.

My current balance is close to RM 24k (total loan was RM 80k taken in 2006, began paying in 2010. My degree was RM 104k at the time, so I got the maximum 80k loan offered). I've been consistently paying off more than I should (for the last 1.5 years I paid RM 1500 monthly)

Currently HSBC has this offer - apply for a new credit card, and get RM 15k, at zero percent interest. Repayment is 10 months.[U]

For existing HSBC members, you can only get max 10k.

I already have a HSBC account and card (used that for balance transfer previously) so I will take up the Max 10k, add on extra RM 12-13k from savings (which is just lying there and not being invested), and pay off PTPTN.

Later, I will only need to pay RM 1 k per month to HSBC for the next 10 months and I'm CLEAR! No more PTPTN Loan!!

Usual loan repayment schedule is RM 460 for 20 years. I chose to pay off earlier since it is based on reducing balance. I did not opt for Ujrah, because I was paying off faster than the schedule. I also made sure to enjoy previous rebates of 10% given from previous Gov Budget.

Point here is, if you need some extra cash = apply for HSBC. THey have limited units remaining so it's something to consider. The card is either a HSBC Amanah Visa or HSBC Visa card (zero annual fee with minimum 12 swipes annually) but I also plan on canceling it as soon as I can because I already have 5 credit cards anyway.

Can you login to your Penyata Kira-Kira page? You can pay from there. I paid mine using CC from there last month.

PTPTN statement down again?
PENYATA BAKI TERPERINCI is blank when I clicked on it yesterday and today.