PTPTN gives nine days to borrowers to update income details

PTPTN chairman Wan Saiful Wan Jan says borrowers will also have to update their personal details.

KUALA LUMPUR: National Higher Education Fund Corporation (PTPTN) loan recipients are given nine days to submit their latest income information starting from today, said its chairman Wan Saiful Wan Jan.

He said the information gathering exercise is to identify borrowers who earn less than RM4,000 a month before the implementation of the deferment of study loan repayment.

“All borrowers with outstanding loans are required to update their information online through PTPTN’s official website.

“If they fail to do so within the stipulated time, PTPTN will assume that they do not wish to delay the repayment,” he said at Menara PTPTN today.

He said apart from the income information, borrowers are also required to update their personal details such as address, phone number, email address and work information.

As of June, a total of 429,945 PTPTN borrowers have been removed from the Immigration Department’s blacklist.

Wan Saiful also hoped that relevant agencies such as the finance ministry, Inland Revenue Board, and Employees Provident Fund (EPF) will help in terms of data-sharing to facilitate the process.

“We are facing obstacles in obtaining the data as the information is protected under the Personal Data Protection Act 2010. Therefore, we are appealing to the relevant agencies as well as the borrowers themselves to help PTPTN to update the information,” he said.

Wan Saiful also denied that his appointment as the new chairman of PTPTN last June was a political appointment.

“My appointment does not go against the Pakatan Harapan (PH) government’s manifesto because it only applies to government-owned companies,” he added.

In the 14th general election, PH promised to remove the blacklisted PTPTN borrowers from the Immigration blacklist, as well as to defer the study loan payment for borrowers earning less than RM4,000 a month.