News - Posted at

Feb 18,2016

PTPTN borrowers to have re-financing payment plan option

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KUALA LUMPUR: National Higher Education Fund Corporation (PTPTN) borrowers with serious financial debt will have a re-financing payment plan.

The fund is working with the Credit Counselling and Debt Management Agency (AKPK) on such a plan for these borrowers.

Its chairman Datuk Shamsul Anuar Nasarah said this was to help borrowers manage their finances and debt according to their ability to pay every month and by extending the repayment plan.

“Through this programme, borrowers with financial problems will be able to seek professional guidance and advice from an AKPK counsellor for free,” he said after the signing of a Memorandum of Understanding with AKPK at its office here yesterday.

It was important, said Shamsul Anuar, for people who were qualified to enter the programme to have a steady income, adding that they must also not be declared bankrupt.

He urged borrowers not to run away from PTPTN but to come forward “to discuss the problem”, adding that it was their responsibility to repay their loans. Shamsul Anuar said he hoped for its loan collection to be increased via the collaboration.

AKPK chairman Datuk Mohd Hanif Sher Mohamed said he believed that the partnership between PTPTN and AKPK could increase the borrowers’ level of money management.

“This partnership can ultimately help PTPTN borrowers control their financial liabilities and loans,” he said.