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PUBLISHED: Mar 26, 2017 11:02am

Travel blacklist spurs more to settle PTPTN loan arrears

PTPTN

Source: Bernama Source:
Bernama

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SEPANG, 26 March 2017:

Over 50% of the 586,863 borrowers of the National Higher Education Fund Corporation (PTPTN) who are in the Immigration blacklist and barred from leaving the country have come forward to negotiate on their repayment.

As a result, PTPTN chief executive officer Wan Ahmad Wan Yusoff said RM967.9 million in loan repayments had been collected from them as of last Jan 31.

The blacklist action by the Immigration Department against the loan defaulters resulted in them being barred from leaving the country. They also cannot apply for new passports or renew their passports, he said.

Wan Ahmad said PTPTN borrowers should not worry about not being able to settle their loan arrears as it could be resolved by discussing the matter with the PTPTN officers.

“Borrowers who are in the Immigration blacklist are required to fully settle their loans or the amount of arrears, including cost.

“However, if they cannot afford to do so, they should discuss with PTPTN so that the repayment can be restructured or through other methods agreed by both parties.”

On the PTPTN branch office at KLIA2, he said it was opened 24 hours daily since March 1, including public holidays.

PTPTN has also tied up with Airasia to encourage PTPTN loan repayments using the AirAsia Big Prepaid MasterCard – where for every RM2 in loan repayment, the cardholder would be given one point, which could then be reimbursed with purchase of Airasia flight tickets or accommodation at selected hotels.

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