BORROWERS of the National Higher Education Fund Corporation (PTPTN) are urged to seize the opportunity of the loan repayment discount incentive, which will end on April 30.

In a statement today, PTPTN informed that for the period from November 1, 2021, to February 28 this year, a total of 367,433 borrowers have enjoyed the repayment incentive with the total discount given being RM112.4 million.

Through the tabling of Budget 2022 on October 29 last year, the government agreed to give PTPTN borrowers a 15% discount incentive on loan repayment for full settlement of the remaining debt.

In addition, a 12% discount was given for repayment of at least 50% of the remaining debt in one payment and a 10% discount for repayment through salary deduction or direct debit, according to the schedule.

“PTPTN hopes all borrowers fulfil their responsibility to repay their loans so that PTPTN can continue with education loans for future generations,” said the statement.

Repayment can be made online through Internet banking, JomPay, MyPay, Shopee, the official PTPTN portal (via FPX) and the latest channel, which is the myPTPTN mobile app.

For enquiries, borrowers can browse the official portal www.ptptn.gov.my or contact PTPTN through channels such as its careline at 03-2193-3000, which operates from Monday to Friday, 9am to 5pm. – Bernama, April 7, 2022.