Browsing: Study Loan

PTPTN Repayment: How To Check PTPTN Pin Number or Nombor Pinjaman? – Part 2

Based on my post earlier on how to check PTPTN Pin Number or ‘Nombor Pinjaman’, there were quite a number of response and inquiries. Since the post was published more than 2 year ago, today I decided I should update a new post on how to check for PTPTN pin number.
So, I called up the PTPTN Careline @ ‘Pusat Khidmat Pelanggan’ today. The step-by-step on how to retrieve my PTPTN pin number as below:
1) Call PTPTN Careline @ ‘Pusat Khidmat Pelanggan’ at 03-2193 3000 (You will be greeted by auto attendant system);
2) Within a short while, I was connected to a PTPTN Careline officer;
3) I told her I would like retrieve my  PTPTN pin number or ‘Nombor Pinjaman’;
4) She asked for my NRIC;
5) She asked for my full name for verification;
6) Then, she gave me my 5 digits PTPTN pin number.
The whole process only took about 1 minute! Also, if you browse PTPTN Careline website,  you can also see a list of name and details (designation, mobile phone number and email address) of the PTPTN officers for PTPTN Careline section. Most importantly, the PTPTN careline is available daily (monday-sunday), 8am-10pm.  I am truly impressed! Great job to PTPTN team!
Photo credit: PTPTN

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How To Pay PTPTN with EPF@KWSP Savings

For PTPTN borrowers with education financing agreement executed 2 Jan 2001 onwards, they can use the savings from their EPF@KWSP account 2 to pay for the PTPTN study loan. From my point of view, PTPTN borrowers should try their best to pay with their own money and not from their KWSP savings. Mainly because EPF@KWSP is a saving for our retirement. Using EPF@KWSP savings to pay for PTPTN study loan should be the last resort to settle PTPTN study loan. 
You can click here for procedure on how to make PTPTN repayment through EPF@KWSP withdrawal. 

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Why You Should Start Paying Your PTPTN Study Loan

For those PTPTN borrowers who had graduated and started earning an income, and still have not started paying your PTPTN study loan, I shared below the reasons which prompted me to start paying my PTPTN study loan:
1) No Free Money
I always believe there is no free lunch and no free money. We need to pay back based on what we had agreed in the offer letter. PTPTN is still very kind to offer scholarship for those with excellent result. Last year, PTPTN also offered up to 20% discount for those borrower who wish to make full settlement for their study loan. If you still wish for free money, then try you best to obtain a Bachelor Degree with First Class Honour. Else, we still need to pay back our PTPTN study loan.
2) Prove That You Are Someone with Responsibility 
Most PTPTN borrowers are tertiary students from IPTA and IPTS. Prove that we are graduates with high responsibility.
3) To Ensure Continuation of PTPTN 
Think about the financial support for our younger siblings or our children. If most PTPTN borrowers did not pay back their study loan, where will our future generations get their financial assistance to support their tertiary education?
4) To Avoid Hassle In Future
With the offer letter we signed, PTPTN has the right to take action when PTPTN did not received the payment as per scheduled in the offer letter. Since last year, PTPTN has started to ‘black list’ borrowers who refused to pay back their study loan. As for me, I wish to have a peace of mind and not to be troubled with study loan matter. Thus, I choose to pay my PTPTN study loan.

I hope what I share above is convincing enough for you to start your PTPTN study loan repayment journey.

photo credit: Loan via photopin (license)

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PTPTN: 20% Discount For FULL Study Loan Repayment

In one of my previous post, I shared on the process and procedure on how to make full PTPTN loan repayment. I also shared that I was given 20% discount when I told the PTPTN officer I wish to make full settlement for my PTPTN study loan.

So, for all PTPTN borrowers who wish to save some money, you may proceed to any PTPTN counters by 31 March 2015 to enjoy 20% discount when you make full PTPTN loan repayment. You may read the news here. My advice would be – do not turn up last minutes on 31 March 2015. Plan and visit PTPTN counter the earlier possible. Some times, it can be a very busy and packed day at PTPTN office especially with important due dates like 31 March 2015.

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How To Make Full PTPTN Study Loan Settlement

One of my target this year is to settle my PTPTN study loan. And I am so happy to announce that today I had made full PTPTN repayment and had settled my PTPTN study loan. If I follow my PTPTN loan repayment schedule, I still have another 5  more months to go. But, I decided to settle my PTPTN study loan earlier.
So, what is the process to make full PTPTN study loan settlement? When I first made my PTPTN repayment may years ago, I paid through direct debit from my monthly salary (Potongan Gaji), then I paid by sending monthly cheque to PTPTN HQ. After I have my ebanking, I found it is much more convenient to pay through ebanking, though there is RM1 processing fee for each transaction. Earlier this month, I logged on to my PTPTN online statement and printed out my latest PTPTN statement. Today, I brought along my PTPTN online statement to my local PTPTN office in Kuching. And of course, I brought along my cash as well. The process to make full PTPTN repayment as below:
1) Got a ticketing number from the entrance to see the officer at the counter. I told her that I wish to make full PTPTN repayment. She told me she will need to check from her online system for the rough figure of my PTPTN balance. Upon her checking, the figure is similar with my online PTPTN statement.
2) Then, I was instructed to fill a form. This form is something like an application to know the actual balance for my PTPTN (after deduction/interest fee/whatever other charges). The officer at the counter brought the form to her officer/superior inside her office so that this officer/superior can contact PTPTN HQ to verify my actual PTPTN balance (after discount/interest charges/misc).
3) After waited for 10mins, she got back go me and passed me a document indicating  my actual ‘confirmed balance’ which I need to pay. I am happy to see a 20% discount* as well 🙂
4) Then, I filled in the payment slip and waited for my turn to make the full payment at the payment collection counter.
5) Upon made the full payment, I was given an official receipt. The officer said PTPTN will email me a statement to confirm I had made the full payment.
The process is simple and quick. I think I spent about 30mins at the PTPTN Kuching Office, even though the PTPTN office is packed with many customers. The officers are very helpful, nice and friendly.

Just a note to any of you who wish to make full PTPTN study loan repayment, please go to your nearest PTPTN branch and get the actual full outstanding amount. Or, at least email or contact PTPTN HQ to get the figure. This is to avoid any wrong figure. This is also the main reason why I went to the PTPTN Kuching instead of pay my full payment through ebanking. To me, the official receipt is very important.

Finally, for those of you who are looking for the location of PTPTN Kuching Office, the address as below:


Pejabat PTPTN Negeri Sarawak
Lot 519, No. 15-I, Section 6
Al-Idrus Commercial Centre
Jalan Kulas, 93400 Kuching, Sarawak
No Tel : 082 – 234 608
No Faks : 082 – 239 315 

*There is a 20% discount for PTPTN borrowers if they pay their study loan in full from 10 Oct 2014 till 31 Mar 2015. You can read the news here and here. So, why not grab this opportunity?

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It Is Time To Pay Your PTPTN Study Loan

One of the hot news in local newspapers this week is Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) had to reduce the total financing starting 1 November this year due to limited funds. And the related news is that these limited funds was caused by a huge number of graduates did not start to pay their study loan as agreed. In my opinion, it is really unfair for students enrolling for public and private institution of higher learning been punished for what these PTPTN loan defaulters had done.

To those who had never made any PTPTN loan repayment, it is time for you to start to make your first payment. Take the first step to make the payment. If you have difficulty, contact PTPTN directly. In the  PTPTN agreement, you had agreed to settle the study loan right? So, since PTPTN had helped you to have your diploma or degree or PhD, it is time for your to pay back to PTPTN and to the society.

I am sure you have younger siblings, or your niece/nephew/cousins, your extended family’s son/daughter, or your colleague/neighbor’s son/daughter. Imagine any of them – your younger brother/sister/niece/nephew/friend’s son not able to go through his or her tertiary education because of limited PTPTN loan. Or, perhaps your future son or daughter who need PTPTN study loan, will have difficulty to get one too. You should know the importance of sufficient financial support in tertiary education.

Let’s face it. The whole society is interconnected. Keep your promise to settle your PTPTN study loan. 

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How To Check Your PTPTN Statement or PTPTN Balance?

I started to pay to study loan from Perbadanan Tabung Tinggi Pendidikan Nasional (PTPTN) since I received the first letter from PTPTN to inform me to start paying my study loan (about fews months after my graduation). I was considered lucky as I got employed right after I graduated. So, there’s no problem for me to start my PTPTN loan repayment.
Along the way, I lost track of my PTPTN loan repayment records. At the same time, I also need to check whether my loan repayment was updated according or if there’s any payment missed out. After done some reading and searching on PTPTN main website, I later found out that I can easily check my PTPTN statement from PTPTN epay (This is for Pinjaman Pendidikan Konventional (3%) only). You will need to key-in your IC number (12 digits without space, eg: 800412135522) and your study loan number (Nombor Pinjaman). If you forgot your study loan number, you may call, email or SMS PTPTN and the details is on the PTPTN epay website. Once log in, you will be able to see the complete statement of PTPTN loan repayment records. You will also be able to see the balance left.
For those who opted for the Ujrah (1%), you may check the PTPTN statement here. Honestly, I have never log in to the Ujrah statement. In case you’ve successfully log in, perhaps can share your experience here.

Update 3 Nov 2017:
1) You may download the complete instruction on how to to check your PTPTN statement for Pinjaman Pendidikan Konventional (3%) or Ujrah (1%) here.
2) You may call PTPTN Hotline at 03-20804455 or you may use ‘Aduan Online‘ to get your pin number. Else, you may use the SMS service (Type PTPTN NOPIN[JARAK]NOKP and send to 33199. The SMS charge is RM0.50/SMS and the service is available 24/7.

photo credit: LendingMemo via photopin cc

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Are You Paying Your PTPTN Study Loan?

Today’s news on The Star Online published that Perbadanan Tabung Pendidikan Tinggi National (PTPTN) loan defaulters to be put on bad credit list. I am proud to say that I had paid 85% of my PTPTN study loan. I paid my first study loan exactly as written on the PTPTN study loan agreement. And since then, I diligently pay my PTPTN study loan every month. Occasionally I checked my PTPTN account statement through their epay services. I did received the hardcopy of account statement through mail but I still find the most convenient way is through the epay services.
I think the amount of the loan repayment is not a problem for most working graduates. Just that, these working graduates must understand and take the initiative to make the payment accordingly to the agreement. Just like when you’re purchasing a new car, you need to pay the loan repayment on monthly basis, according to the hire purchase agreement. The difference is that, for hire purchase agreement, if no payment received certain period of time, the car will be taken away from you. In term of the amount, I believe the PTPTN loan repayment amount is much lesser that the monthly payment a new graduate is spending on his/her new car.
It’s important for us, the ‘customer’ of PTPTN to pay our  monthly study loan accordingly so that the younger generations which might be our younger brothers, sisters or our nieces, nephews or even our kids to enjoy this PTPTN facilities and so that they can have financial assistant in their tertiary education. Isn’t it one way for us to be thankful to PTPTN for giving us the opportunity to complete our desired diploma/degree/master degree is to pay back the study loan? 
If you have not started pay your PTPTN, take the initiative now. It’s never to late. Whatever we borrow, we must pay back.

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