Update 2/9/2011: PTPTN to turn 800,000 study loans taken after 2008 into Islamic loans for lower repayment rates. You can apply online for the conversion at www.ptptn.gov.my
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Update 14/9/2011: SSPN account is needed again to apply for PTPTN from 2012 onwards
Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) is in the process of offering the exchange of 3% loan to 1% Ujrah loan in stages. The loan exchange process period from 3% & 5% to 1% Ujrah will be extended to the 30th of September 2011. Do apply for the exchange immediately before the expiry date to avoid missing this great offer!
Update Process Table
Loan Approved in Year
|
Update Began on
|
2006, 2007 & 2008
|
20/09/2010
|
2003, 2004 & 2005
|
01/11/2010
|
2002 & previous years
|
01/12/2010
|
PTPTN - Ujrah Announcement in TV (in Malay)
The below table taken from Pekeliling Bilangan 2 2008 of the PTPTN shows the amount you can save from PTPTN education loan repayment if you are eligible to exchange 3% to 1%.
Ujrah Offer Process Flow Chart
Steps:
1. Apply online
2. Receive PTPTN Ujrah offer letter through email
3. Print out and fill up the agreement form
4. Mail it to PTPTN within 30 days
Read the Permohonan pertukaran pinjaman (3%) kepada pembiayaan Ujrah (1%) section at the official PTPTN website www.ptptn.gov.my and follow the step by step instructions to submit your application. Frequently-asked questions (FAQ) and online application user guide are available at the website. If you have further enquiries, do contact PTPTN Hotline at 03-2080 4455.
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