Published by Afterschool.my on Jun 18, 2017, 04:31 am
Every borrower that needs to make a repayment after the six (6) months following the period of the given loan is listed in the CCRIS
NO. Any checking must be done directly at the counter or any kiosks at any of Bank Negara Malaysia (BNM) branches throughout the country.
The information that is documented are the records of the monthly installments for the last 12 months.
The borrower needs to consistently follow the timetable that has been set to avoid penalties to ensure their CCRIS record is in a good condition. If, however, your CCRIS records show that you have any previous monthly payments that have been unpaid, there is a chance that your application will not be considered. However, this is dependent on the rules and regulations of the bank in question.
No, you cannot do so. All matters regarding PTPTN and its resolution must be done with PTPTN.
The borrower shall make full settlement of loan debt and their record in CCRIS will be updated to 'DONE' within seven (7) working days from the date of payment updated in PTPTN statement.
The borrower shall settle the arrears and make the monthly repayments regularly (consistently) according Repayment Schedule (JBB) that has been determined. Borrowers who have financial problems are advised to consult with PTPTN debt rescheduling and make monthly payments on a regular basis.
The borrower's credit record will reflect much more positively if they make their payments regularly for six (6) months in a row without arrears.
Records of the current month will be good. However, information on the number of instalments in and payments for the last 12 months still appear in your credit report to the CCRIS. Approval of a loan applied for is subject to the discretion and authority of the financial institution.
Repayment of the loan should be made during the mentioned month. To ensure that the transaction is updated in the statement at the time, transactions through agents / third parties shall be made not later than the 27th day of each month. Transactions after that date will be updated in the statement the following month. However, the transactions made until the end of the month through PTPTN counters will be updated in the statement of the current month.
Payment records will be updated by the fund during the next reporting date, that is not later than the 15th day of the following month.
The CCRIS records still reflect negatively because the borrower has a backlog caused by:
Payments made later than scheduled. For example, payments only started to be made after one (1) year of the conclusion of their loan, while in actual fact, borrowers should start making their payments six (6) months after they graduate. Hence, payment is less than the amount stated in the Schedule of Repayment (JBB).
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