PETALING JAYA: The National Higher Education Fund Corporation (PTPTN) has assured borrowers that the process to apply to postpone their loan repayment will be smooth and easy.
Under the RM15bil Perlindungan Ekonomi dan Rakyat Malaysia (Permai) assistance package, PTPTN borrowers affected by the flood have been allowed to defer repaying their study loans.
The deferral will be given for a period of three months starting in the same month the approval is given and an additional two months between January and May 2021.
PTPTN chairman Wan Saiful Wan Jan said he has requested all PTPTN officers ensure that the process of applying for this postponement is conducted effectively and easily for the people.
Published on: Tuesday, January 19, 2021
By: Bernama
Credit: sarawakvoice.com
KUCHING: The Sarawak government will help its students repay the National Higher Education Fund Corporation (PTPTN) loan which is in arrears in keeping with the previous incentive promise, said Chief Minister Datuk Patinggi Abang Johari Tun Openg, Monday.
He said RM30 million was allocated for that purpose and the Sarawak government through the Sarawak Foundation had held talks with PTPTN to determine the method of repayment of the arrears.
“The discussion has just ended and there is a formula for us to help Sarawak students settle their arrears with PTPTN,” he told a press conference after handing over two buses donated by the state government to Mukah Polytechnic and Metro Betong Polytechnic at Wisma Bapa Malaysia, here.
9 minute read
Yesterday, Prime Minister Tan Sri Muhyiddin Yassin unveiled the government’s new PERMAI stimulus package, the fifth economic stimulus package in Malaysia aimed at combatting the negative effects of the Covid-19 pandemic. Worth RM15 billion, the PERMAI stimulus consists of 22 initiatives – some of which improve on current initiatives that are already ongoing or accelerating the implementation of said initiatives.
So, if you’re wondering why some of the initiatives under PERMAI sound rather
familiar, it’s because they may have already been announced or implemented before. To help clear things up, we go through the PERMAI highlights to see which are part of existing initiatives and which are brand-new benefits.
Prime Minister Tan Sri Muhyiddin Yassin has announced a RM15 billion special aid package called PERMAI –
Pakej Bantuan Perlindungan Ekonomi dan Rakyat Malaysia (The Malaysian Economic and Rakyat Protection Assistance Package).
Here are the initiatives he announced regarding loans, the Employees Provident Fund’s (EPF) i-Sinar programme and National Higher Education Fund Corporation (PTPTN).
Moratorium and loan restructuring period extended
Moratoriums and loan restructuring is extended and will be offered by banks. For states hit by floods, 15 banks have already offered to extend as such.
To date, Muhyiddin stated that over 1.3 million borrowers have applied and received the loan restructuring assistance, with an approval rate of 95% for individual borrowers and 99% for small and medium enterprise (SME) borrowers.
Published on: Monday, January 18, 2021
By: Bernama
Text Size:
Kuala Lumpur: A total of 15 banks are offering loan repayment moratorium for residents living in the flood-affected states, said Prime Minister Tan Sri Muhyiddin Yassin.
The moratorium facility, including the extension of the moratorium and restructuring of loan repayment, will continue to be offered by banks as announced previously, he said.
“To-date, over 1.3 million borrowers have applied and received such assistance, with approval rate at 95 per cent for individual borrowers and 99 per cent for small and medium enterprise borrowers.
ADVERTISEMENT
“As such, Malaysians need not worry about contacting their respective banks should they require repayment flexibility,” he said in a special address on the Malaysian Economic and Rakyat s Protection Assistance Package (PERMAI), which was telecast live on television stations and social media platforms today.