Friday, February 25, 2011

PTPTN loan repayment period extended by 30 months - The Star

TEMERLOH: The National Higher Education Fund Corporation (PTPTN) has extended up to 30 months the repayment period for those who obtained loans from the corporation and were still unemployed after completing their studies.

Its chairman, Datuk Ismail Mohamed Said, said the corporation had earlier given six months for them to pay back the loan.

"Later, it was extended to 24 months, and now we have prolonged it to 30 months," he told reporters here Friday.

Ismail, who is member of parliament for Kuala Krau, said the government had earlier fixed a five percent interest on the loan but currently, reduced it to only one percent.

"Those who have not found employment need to write in or contact directly the corporation's officers to inform them of their predicament.

"We are willing to discuss and consider the matter," he said, adding that to date, about 1.67 million students had obtained loans from the corporation. - Bernama

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