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Half of 580,000 blacklisted PTPTN borrowers decide to pay up

 | March 25, 2017

They can use 24-hour counter opened at klia2 to negotiate or they cannot leave country.


SEPANG: More than 50% of the 586,863 borrowers of the National Higher Education Fund Corporation (PTPTN), who are in the Immigration Department blacklist and barred from leaving the country, have come forward to negotiate their repayments.

PTPTN chief executive officer Wan Ahmad Wan Yusoff said as a result of that, RM967.9 million in loan repayment 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, applying for new passports or renewing their passports, he said.

He was met after the launch of the PTPTN branch office at the Kuala Lumpur International Airport 2 (klia2) by Deputy Higher Education Minister Mary Yap Kain Ching today.

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 full-settle their loans or the amount of arrears, including cost.

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

On the PTPTN branch office at klia2, he said it was opened on March 1 and operates 24 hours every day, including public holidays.

PTPTN has also embarked on a strategic cooperation scheme with AirAsia to encourage PTPTN loan repayment 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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