Applications open for 3-month PTPTN repayment moratorium

KUALA LUMPUR, 20 Jan 2021:

Borrowers of the National Higher Education Fund Corporation (PTPTN) affected by floods wishing to defer their loan repayments can do so via PTPTN’s official portal, at http://www.ptptn.gov.my/PenangguhanKhasBayaranBalik from today (Jan 20) until March 31.

No supporting documents are needed when making the application, PTPTN said in a statement today.

“The moratorium will be given for a three-month period beginning from the month the approval is given by PTPTN, between January and May 2021. The borrower will be notified of the approval through e-mail within three working days from the date the application is submitted.”

Borrowers are reminded to update their contact details to ensure they receive the notification.

For more information, borrowers can contact PTPTN’s Careline at 03-2193 3000 from Mondays to Fridays (9am – 5pm) or visit its official portal www.ptptn.gov.my and go to the ‘Frequently Asked Questions’ page.

Prime Minister Tan Sri Muhyiddin Yassin – when announcing the RM15 billion-Perlindungan Ekonomi dan Rakyat Malaysia (PERMAI) assistance package on Monday – said PTPTN borrowers affected by the floods or pandemic can apply for a three-month moratorium on their PTPTN loan repayments.

Meanwhile, PTPTN chairman Wan Saiful Wan Jan said all officers at PTPTN should ensure the application process runs smoothly and effectively. “We don’t want too much bureaucracy in implementing this assistance programme.”

Separately, the Human Resources Ministry (KSM) has agreed to extend deferment on repayment of Skills Development Fund Corporation (PTPK) loans to eligible borrowers, by three months, until March 31.

Minister Datuk Seri M. Saravanan said this was due to some loan recipients impacted by the Covid-19 pandemic and are still unable to service their loans.

Saravanan said borrowers of PTPK loans who are affected can submit applications for deferment on repayment via the prescribed form which can be filled at the PTPK website, until March 31

“This deferment involves loans totalling RM9,516,798.90 and will benefit 72,747 account holders,” he said in a statement today.

He said KSM was very concerned and aware of the financial constraints and living difficulties faced by some PTPK borrowers who had lost their jobs as a result of the pandemic, apart from those affected by the floods that hit several states recently.

For queries and more information borrowers can send e-mails to [email protected]y or [email protected]. Further information can also be obtained at PTPK’s official website at www.ptpk.gov.my.

– Bernama