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Monday, June 13, 2011

PTPTN Offers Exchange of 3% Loan to 1% Ujrah Loan till September 30

Posted by Chong

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
Reminder: Have you closed your SSPN account which is no longer required to apply for PTPTN?

Update 14/9/2011: SSPN account is needed again to apply for PTPTN from 2012 onwards
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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)
video
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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Comments
3 Comments

3 comments:

  1. very nice. PTPTN has been very helpful to malaysians.

    ReplyDelete
  2. hey dude..if i applied the ptptn since 2009 august..so it' considered in 1 % loan ?..thx man..=)

    ReplyDelete
  3. Yes, you are right, loans applied in year 2009 onwards are considered 1% automatically!

    ReplyDelete

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