KUALA LUMPUR – The National Higher Education Fund Corporation (PTPTN) was asked to ensure that the application process to defer repayment for borrowers affected by flood is simplified and effective.
Its Chairman, Wan Saiful Wan Jan reminded PTPTN to not impose excessive bureaucracy in implementing the aid.
“I hope that the deferment can provide some relief on the burdens of our borrowers,” he said, stating that he welcomes the Malaysian Economic and Rakyat Protection Assistance Package (PERMAI) announced by the Prime Minister on Monday.
Tan Sri Muhyiddin Yassin announced the deferment of PTPTN repayment for borrowers affected by flood during the PERMAI announcement.
Meanwhile, the Chief Executive of PTPTN, Ahmad Dasuki Abdul Majid said that the application can be made online without have to be physically present at the PTPTN branches.
To simplify the process, borrowers are urged to apply online via PTPTN’s official website at www.ptptn.gov.my/PenangguhanKhasBayaranBalik beginning 20 January 2021 until 31 March 2021.
No supporting documents are needed for the application.
He added, the deferment is valid for three months, starting from the month the approval is granted by the PTPTN, between January until May 2021.
Successful applicants will be informed by email within three working days from the day of their application.
Borrowers are reminded to update their latest contact details to ensure information on their deferment application can reach them. –MalaysiaGazette