Deputy Higher Education Minister Mary Yap Kain Ching said CCRIS was not a mechanism for PTPTN to blacklist the hardcore loan defaulters as claimed by certain quarters.
“The record in the CCRIS serves as the best practice for all financial institutions to ensure that the borrowers repay (their) loans accordingly,” she told the Dewan Negara here today.
She was replying to a question by Senator Ng Chiang Chin on the discount offered for PTPTN borrowers in Budget 2017 and the latest number of loans given out by the corporation.
Yap also said PTPTN had issued loans to 2.6 million borrowers for their studies, involving an allocation of RM59.67b as of November.
“PTPTN has collected RM10.07b from 1.2 million borrowers compared to RM18.84b which was supposed to be collected from 1.9 million borrowers during the corresponding period,” she added.