Friday, October 22, 2021

Three-month deferral of loan repayments for eligible PTPTN borrowers

Those affected by the Covid-19 pandemic can apply for deferrals from tomorrow to Aug 31.

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The government has agreed to defer the repayment of National Higher Education Fund Corporation (PTPTN) loans for three months for those who are eligible.

Higher Education Minister Noraini Ahmad said the decision was made due to the government’s concern, adding that it was aware of borrowers still affected by the Covid-19 pandemic who had not been able to repay their loans.

“Affected borrowers can submit applications through PTPTN’s official portal from tomorrow (June 10) to Aug 31. The loan repayment deferment period starts from the month the application is approved,” she said in a statement today.

Noraini said the deferral process would be detailed by PTPTN and voiced hope that the announcement would help ease the burden of borrowers.

The government had previously postponed the repayment of PTPTN loans from March 19, 2020 to Dec 31, 2020 for all borrowers before giving a special postponement of repayment to affected borrowers for three months from January to May 2021.

Those with further inquiries can contact the PTPTN careline at 03-2193 3000, from Monday to Friday, 9am to 5pm.

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