We Asked 10 Malaysians Why They Aren't Repaying Their PTPTN Loan

All the reasons you're familiar with.

  • Cover image via SAYS

1. Because the new iPhone just came out and well...

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2. One person said that the process was too troublesome

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But everything is online these days. You just need to login to your PTPTN account and pay the amount needed via online banking, direct debit, salary deduction, or JomPay.

3. Another was just too lazy to care

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4. At least this girl has a legit reason

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Unemployed graduates can request for a two-year extension if they couldn't get a job six months after graduation. 

5. Looks like someone wants to cuti-cuti Malaysia first before paying

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"Because cannot go overseas ma..."

6. There are also those who are burdened with car loans, bills, and other commitments

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7. While some are struggling financially

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8. We also found a guy who wants to pay, but never got the time to do it

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9. And another who said no one taught him how to

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He did say he really wants to pay his loan though. So we asked him to read this article

10. Then you have the fella who keeps forgetting to pay

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Set a reminder, please.

It's better to settle any outstanding loans as soon as possible for your own benefit

During the tabling of Budget 2018, it was announced that the grace period for the discounted PTPTN loan repayment will be extended from the end of this year till 31 December 2018. This means that you can continue to save more as you settle your outstanding education loan.

The discounts for the PTPTN loan repayment are as below:

- 20% discount if you settle the full amount of your outstanding debt.
- 10% discount if you settle 50% of your outstanding debt.
- 10% discount for those who settle their PTPTN loan through salary deduction or direct debit according to the repayment schedule.

Find out more about the available discounts here

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