as per title. i am considering taking a loan, not for studies but for investment purposes.
its risky as they say do not spent what you do not have. but with the facilities provided and that no interest charges during the duration of your university course, it is hard to let go such opportunity and i strongly believe in fully utilizing what is provided. so what is your take on that?

im in europe right now and back in the dorms when i was doing my diploma i met this pakistani chap very nerdy looking guy who told me he took out a loan and was able to buy a house with it through investing. now hes got several houses. but i dont reccomend it. i dont know if this counts as fraud, theres so much fraud in the malaysian system like this such as scholarship bond defaulters etc. and remember if it is confirmed fraud and you go ahead next time you screem cronyism or nepotism at bn take a look at yourself

This post has been edited by yuckman98: Apr 29 2008, 05:20 AM

investment, yes u can, but business, not recommended unless u sure u can pay ur fees and payback ptptn, then suit ur self.

No. It is not possible for you to take PTPTN loan. For starter, you will need to submit your offer letter from local public university to prove that you have been offered admission before you can apply for the loan. They will also automatically deduct the tuition fee every semester. Your CGPA in your university will also be closely monitored. If your CGPA for a certain semester is below CGPA 2.0, no more money will be transferred to your account and they will only resume it once you've achieved CGPA 2.0 or above.

Deduct tuition fee? I don't think so. My friends are doing their last year this year in Taylor's for Hospitality and yet they managed to get their loan approved. RM48k in total where every half a year they deposit RM 8k into their accounts.

still, you need to show your result..

For those who are studying in IPTA, the PTPTN will only deposit the balance of money after deduct the school fee. For IPTS, maybe it's different.

For me, since PTPTN interest rate is just 3%, definitely I will take this loan. If you do not need the money for your school fee, you put in FD, also can earn 0.7% per year

Alright, I would like to find out if there is any chance for me to secure the loan, with these conditions:

- I am 23 now, pursuing Diploma in Quantity Surveying at TAR College
- I sat for my SPM in the year 2002
- My course ends in October 2009

Also, I would like to know how am I able to get the loan if my father is a business owner. He is also a Class A contractor and gets JKR projects.

For god's sake...
Leave the loan for those who really needs it.

I have said my peace.

just wonder will i able to get my laon.
current age 24
studying business course and about 1 year to go.
spm did not fulfill their requirement
study in a private collge

uhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh abusing it.

yes, MilesAndMore, what u said here is correct as my niece is studying at MMU with PTPTN loan. And effective January, 2008 all PTPTN loan applicant need to open a SSPN account besides the usual account where PTPTN transfer the loan into.


This is the link of PTPTN Syarat-syarat Pinjaman :


http://www.ptptn.gov.my/c/portal/layout?p_l_id=PUB.1.19



And this is the information about SSPN account ( mandatory requirement for application of PTPTN loan )

http://www.ptptn.gov.my/web/guest/anjung


Here is the link about SSPN

http://www.ptptn.gov.my/c/portal/layout?p_l_id=PUB.1.9

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Added on April 29, 2008, 1:11 pm for Wacky-Angel

This post has been edited by pearly603: Apr 29 2008, 01:27 PM

not so sure about the fraudulant part. if i did not missed any, there was no statement nor terms stating that your loan must solely be spentd on your pursuing course. say if this act were to be deemed fraud, what rules and regulations am i abusing? or no? as it is merely just a practice of borrowing and returning of money. how i utilize it is very much up to my own preference.

so what you are saying is that the total amount i borrowed will not be transfered directly to me? and that it will go straight to the university i am in? therefore no physical handling of the money? may you clarify much on that as the method of loan transferring isnt stated in the ptptn site.

its the survival of the fittest. in this case, luckiest. alright then, once im doing well in the future maybe i will help them out.

Basically you're getting the loan and keeping your own money for investments. Right?

Ah ... pardon me ?! The name of the loan "PTPTN" kind of speaks for its intended purpose.



They (PTPTN) will still transfer some money to your account. Just not the all the money. University tuition fee, as far as i'm concerned, will be deducted before they deposit the money to your bank account each semester. And mind you they will NOT transfer the agreed loan to your bank account all at once.

You will need to submit your STPM/matriculation result if the loan is for local public university (IPTA) along with the offer letter from the university to proof you have been offered admission.

This post has been edited by MilesAndMore: Apr 29 2008, 06:50 PM

my studies are financed by parents, the loan is for investments. that is why im wondering what are the methods the loan be given to you because if ptptn were to pay for my fees then it would be a hassle to 'retrieve' the course fees from parents for my own usage.

if that is the case, i presume that the amount would be divided into few different transactions and that each transaction would consist of small amount of money, probably with great deal of time in between transactions too. thanks for the clarification though.

If you're in IPTA, PTPTN will give you the money every semester, the amount is according to the contract. For my experience, an engineering student can get RM3500 loan every semester. However, PTPTN will deduct your school fee before they deposit the money into your account. Let says the school fee is RM1000, then every semester PTPTN will deposit RM2500 into your account. And if there is 1 semester your result is less than GPA 2.0, PTPTN will hold your loan until you get result 2.0 or above.

If you're in IPTS, you need to ask those who has experience in IPTS.

say your GPA is well below the required number for every semester but on the last one you managed to bring it up above 2.0, does that mean that they will be paying for the last semester or the whole? and yes im under IPTS.

lol..my ptptn every semester is only RM 3250,
total for 4 years university life only borrow RM 26k
after deduct the university fees, the remaining about RM2k will direct bank in to my CIMB akaun.
RM 2k for 5 months every semester hard to survive,
1 month only get RM400, therefore many of my friends,we need do part time job every weekend.

For IPTS, PTPTN will directly transfer the money in whole to our bank accounts, then we're responsible for paying the fees.

They wont give you money for the semester which you score less than 2.0. But if you only manage to bring the last sem up to 2.0, i dont think they will give you money. It IS your last sem after all. But if its the second last sem that you've scored 2.0, they will give you money for the final sem. That is my impression of it, do correct me if im wrong.

ah, so that means the i have full access to the loan and that there will be no strings attached to how i use the loan? thats good news. thanks for the clarification.

Since you're in IPTS, you need to clarify this with PTPTN.

As in IPTA, if you score GPA less than 2.0 for 2 semesters, basically you're sacked from the university and need to reapply for the course (with STPM or Matric result) if you want to get the degree.

Since there are 2 similar thread talking about PTPTN loan, so this thread being closed for easier reference for future reading and posting.

So please proceed any posting regarding PTPTN loan into one thread, http://forum.lowyat.net/topic/599343/+60
Thank you for the cooperation.