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.

True, prefer hassle-free : auto debit with 10%

Anyone applied for this? From budget 2018, 20% off

http://www.ptptn.gov.my/web/guest/bajet2018-diskaun20

Please note that for those who got 1% is a flat interest rate based on the starting principle loan amount. Not necessary not worth it. You have to do your own calculation.
Example 1
Starting principle loan amount : RM16,000
Remaining loan amount: RM7,000
Remaining loan year: 3 years

Case 1:
Lump sump payment to clear the remaining loan amount and get the 20% discount.

Payment to PTPTN = 7,000 x 80% = RM 5,600

Case 2:
Assuming that you keep the money in EPF and get 6% return every year.

Payment to PTPTN = 7,000 + 7,000 x 1% x 3 years = RM 7,480
Dividen from EPF = (5,600 x (1+0.06)^3) - 5,600 = RM 1,067
Payment to PTPTN - Dividen from EPF = 7,480 - 1,070 = RM 6,410

you can see end up you will pay extra of RM 6,410 - RM 5,600 = RM 810 in case 2.

Example 2
Starting principle loan amount : RM50,000
Remaining loan amount: RM25,000
Remaining loan year: 10 years

Case 1:
Lump sump payment to clear the remaining loan amount and get the 20% discount.

Payment to PTPTN = 25,000 x 80% = RM 20,000

Case 2:
Assuming that you keep the money in EPF and get 6% return every year.

Payment to PTPTN = 25,000 + 50,000 x 1% x 10 years = RM 30,000
Dividen from EPF = (20,000 x (1+0.06)^10) - 20,000 = RM 15,817
Payment to PTPTN - Dividen from EPF = 30,000 - 15,817 = RM 14,183

you can see end up you will get earning of RM 20,000 - RM 14,183 = RM 5,817 in case 2. However, for case 2 your monthly positive case flow will be lesser as you still need to take out money from your income to pay your PTPTN loan.

Should I get direct debit now or wait till the next budget since the grace period is extended to 12 months?

not sure if anyone know exactly how is the deferment works?

said monthly my ptptn is 275 + ujrah interest 55 = total 330

deferment period = 6 months, start from this month April

as far as i know, ujrah interest still counts, so after 6 months which is October,

i will have to start paying 275 + 55 + 55 * 6 (ujrah interest of previous all deferment month) which is 660?
then next month back to normal monthly payment which is 330?

Guys, any promo to clear remaining outstanding one lump sum for ptptn?

May I know why september?