KUALA LUMPUR – The government has decided to give a discount incentive, effective tomorrow until the end of next year, to encourage National Higher Education Fund Corporation (PTPTN) borrowers to repay their loans, the Dewan Rakyat was told today.
In Budget 2017 tabled in the Dewan Rakyat, Prime Minister Datuk Seri Najib Tun Razak said the incentive involved a 15 per cent discount on the outstanding debt for full settlement.
“Other incentives include a 10 percent discount for payments of at least 50 per cent of the outstanding debt in a single payment.
“The incentive also includes a 10 per cent discount for repayment through salary deduction or direct debit in accordance with the repayment schedule,” he said. – BERNAMA