Learn more about Courses and the requirements, fees and other details.
Ask Questions to get an education expert’s advice immediately.
Get the latest information about education news, tips and career opportunities.
Find out information about different Institutions and apply to them directly.
A link will be sent via e-mail to initiate password reset. Please check your inbox.
If you have not received it, Seconds, please click here.
If you have not received it, please click here.
You have reached your password reset limit for today. Please check your spam folder, retry tomorrow or contact us now
A One Time Password (OTP) has been sent to your number at Update Phone Number
Skip Now
Back
Want to change your mobile number? Update Mobile Number
Didn’t get a call from us? Retry now Want to change your mobile number? Update mobile number
Want to change your mobile number? Update mobile number
We have saved your mobile number successfully! You may retry tomorrow.
Your IVR verification call has been initiated.
Visit the International Students section on our website to find out the latest news and everything you need to know about studying in Malaysia.
Published by Afterschool.my on May 06, 2020, 01:00 pm
Image via US DOE
Here are things you need to know about repaying PTPTN for the study opportunity:
Image via John Walker - Flickr
Do start paying off the instalments for the PTPTN loan 12 months after your graduation date.
Especially for the recipients who accepted the ujrah conversion, your repayment period will be set in accordance to your loan balance.
You will be paying for the total amount disbursed by PTPTN, including other costs such as fees, insurance coverage, Duty Stamp and miscellaneous payments as stated in the Letter of Offer.
Image via Pixabay
You may request to postpone paying back your PTPTN loan if you fall under one of these categories:
Recipients who are not included in the above categories, will not be considered for deferment.
A fee will be imposed for the duration of the deferment; the period of postponement will be determined by PTPTN and will only be considered after Ujrah conversion.
Image via Blue Diamond Gallery
You can get the official letter or deferment application form which may be obtained through the PTPTN official portal or here.
The required documents are as follows:
(i) The recent letter of offer from a tertiary institution stating the actual completion date of study; or
(ii) Letter of unemployment verified by an authorized Officer as determined by PTPTN or surat akuan tidak bekerja
(ii) Recent EPF statement; or verification Letter from EPF confirming the recipient has yet to make any contributions.
Note :
a) The required documents for recipient who are still studying are items (i).
b) The required documents for recipient who are still out of work are items (ii) until (iii).
Image via Images Money - Flickr
YES but only if you complete your Degree with First Class Honours and your family household income is in the B40 or M40 group. This mean you will be exempted from paying back your PTPTN loan, which means you essentially received a full scholarship!
Do note however that First Class Honours may differ from university to university, so make sure you check with your counsellors so that you know what to aim for. Generally, however, First Class Honours typically requires you to have at least CGPA of 3.67/4.00, or higher.
Image via Creative Common Images
The interest rate is 1.00% per annum and is in effect following the 6 month grace period immediately after graduation. However, those who settle the loan in full prior to this 6 month grace period will not be charged any administrative cost.
PTPTN applies penalties to borrowers who fail to repay their loan on time.
Delinquent borrowers will be given up to 3 reminders and afterwards PTPTN will blacklist these delinquent borrowers. The blacklisted people will be prohibited from going abroad, and not be permitted to renew your passport.
Borrowers who have failed, discontinued, changed course or obtained other sponsors have to pay off the lump-sum amount of their loan. Installment method will not be offered for this kind of case.
PTPTN has provided an online calculator complete with interest and service fees included in the formula to help you figure this out.
Ujrah loan calculator is for loans converted to an Ujrah repayment system with only 1% service fee included.
For more information on everything PTPTN, just check out the links below:
PTPTN Guide 2020
PTPTN Loan - A Complete Guide
PPBU vs PTPTN : Which One is Better?
Foundation Programmes in IPTS Eligible for PTPTN Loan
Twinning Programmes and PTPTN
When Do I Apply for PTPTN
How to Check How Much You Will Receive From PTPTN in Two Steps
PTPTN 2020 Deadlines for Every Course and Every Institution Released
How to Qualify for a PTPTN Loan Repayment Exemption
Deadlines for PTPTN Online Applications at Every UA & IPTS for Every Course
How To Use The New PTPTN Direct Debit System & List Of Associated Banks
How Much Loan Does PTPTN offer?
How to Check How Much You Owe PTPTN?
KUALA LUMPUR – 18 January 2023 – Ramboll, a global architecture, engineering, and consulting firm is inviting engineering and architecture students from tertiary institutions in Malaysia to participate in The Paper Power Project challenge. The Paper Power Project competition, cond..
Gaining admission into a renowned university is certainly every student’s aspiration and with the right stepping stone, it’s not impossible to get there! The tried and tested best programme to lead you there is the A-Level Programme. It is known as the ‘Worldwide Academic Gold Standard’ for ..
In our previous article, we have touched on the crucial role nurses play in the healthcare system, plus the benefits you’ll get for furthering your studies in a bachelor's of nursing programme. Pertaining to that, Are you aware there is a shortage of nurses right now in Malaysia? ..
Tunku Abdul Rahman University of Management and Technology (TAR UMT) dominated the Individual category of the Deloitte Tax Challenge 2022 at the national level after bagging the Champion, 1st Runner-up, 2nd Runner-up, Merit Award, Best ACCA Presenter and Best ACCA Writer awards. At the competit..
TAR UMT’s Cheerleading Squad ‘Puzzle’ had all the right pieces to dazzle the judges at the Cheer Out Loud 2022 and went on to win the Champion title in the University Coed Level 3 Team Cheer category. Cheer Out Loud is an annual competition organised by the Cheerleading Association & Regis..
Launching ceremony of Microsoft Academy TAR UC. (From left):Ally Tan, Dr. Chook Ka Joo, Vice President of TAR UC, Ms. Pinkky Chong, Channel and Partner Marketing Lead, Customer Sales Organisation at Microsoft Malaysia, Ms. Dearna Kee June Chen, Dean of the Faculty of Communications and Creative..
We think it’s fair to claim that Gen Z’s are constantly changing the course of traditions, and making it entirely their own; part of that is adding a dash of fun into their convocation ceremony!Besides, why so serious? You’re finally graduating, the moment you’ve all been wai..
Join Senior Lecturer and researcher Dr Ismail Nizam for a live webinar on Sunday, 18th December at 2pm to learn: How to Choose a Suitable Research Topic for Your Postgraduate Studies Tips and strategies to choose the best topic How the topic you choose can influence your career ..
They say you’re stronger than you think you are, and Imran Mat Shah's story is the prime example of that.The 26-year old Political Science student is put through an unimaginable situation, when he did not get just one, but three different types of cancer from year 2015 to 2020.&l..
As remarkable as the Seven Wonders of the World, your wondrous mind is meant to satisfy its curiosity by ingesting new knowledge.Wonder how creative content and online businesses are mastered?Wonder how cybersecurity and laws function?Find out the answers and hone your aptitude at Multimedia Un..
Get the information first
Afterschool.my
Shares
0
16
30
Need help?