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Home News

PTPTN Defers Loan Payments Until End Of June 2020

by Chief Chapree
March 18, 2020
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Minister of Higher Education, Dr. Noraini Ahmad has announced that National Higher Education Fund Corporation (PTPTN) loan borrowers can now postponed their repayment for the next three months. The move was taken after the government have considered the effects of COVID-19 pandemic on the country’s economy.

The outbreak of COVID-19 has not only caused the Restricted Movement Order (RMO) that we are going through at the moment but has also strained our economy. Naturally, this has a direct impact on the income for some of the Rakyat especially in sectors such as tourism and entertainment.

Kenyataan Media Menteri Pengajian Tinggi, Putrajaya.#cmstu#JPTU#JabatanPenerangan pic.twitter.com/bBDQbbotH8

— Jabatan Penerangan Negeri Terengganu (@JapenTerengganu) March 18, 2020

The three-month deferment takes place immediately and will last until 30 June 2020. Hence, PTPTN borrowers are being excluded from enforcement and legal action through this duration.

Meanwhile, please do you absolute best to stay home and practice all the recommendations that were provided by the Ministry of Health to stop the spread of COVID-19.

RELATED:  CIMB Islamic, PTPTN Put RM500,000 Up As Incentive For Prompt Loan Repayments
Filed Under CoronavirusCOVID-19PTPTN
Updated 7:03 pm, Wed, 18 March 20
http://lowy.at/Nsb8E
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