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PTPTN Targets 10 Percent Increase In Online Repayments

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KUALA LUMPUR – The National Higher Education Fund Corporation (PTPTN) targets a 10 per cent increase in repayment via online and direct debit.

Its chief executive officer, Wan Ahmad Wan Yusoff said online payment accounted for 30 per cent, counter (30 percent) Employees Provident Fund (EPF) deduction (30 percent) and salary deduction (10 per cent).

“PTPTN targets to increase online and direct debit from 30 percent currentlyto 40 per cent by reducing counter payment,” he told reporters after the signing of a memorandum of understanding (MoU) with Bank Islam Malaysia Berhad (BIMB) on the implementation of PTPTN loans repayments via direct debit, here today.

Wan Ahmad said since the announcement of a 10 per cent discount to PTPTN borrowers who made consistent payments, PTPTN had recorded an increase in payment of 22 per cent last month compared to the previous month.

The direct debit method introduced by BIMB could help borrowers pay consistently, enjoy the discount and avoid getting blacklisted by the Immigration Department.

He said there were still 740,000 borrowers who had yet to make repayment and hopes they would use the facility as best as possible.

“I hope the PTPTN borrowers concerned can contact our 600 marketing executives who are prepared to help them to settle their loans,” he said.

Direct debit is a new channel for repayment of PTPTN loans other than the existing methods via internet banking, FPX, MyPay and JomPay.

Meanwhile, BIMB managing-director Datuk Seri Zukri Samat said with the cooperation, borrowers who wanted to make payments via the bank need only fill up a form once at PTPTN branches to make a direct debit instruction from a bank account of the borrowers’ choice.

“Bank Islam will bear the registration charge of RM2.00 and also the monthly transaction charge of RM0.80 when the borrowers make payments via the direct debit facility,” he said.

As of September this year, almost three million borrowers had enjoyed the PTPTN financing facility involving RM48 billion. – BERNAMA

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