Malaysian News

Published on August 20th, 2013 | by FM

PTPTN Defaulters Will Be Linked With CCRIS (Bad Credit List) Soon

KUALA LUMPUR: Graduates who have not repaid their higher education loans with the National Higher Education Corporation (PTPTN) will be listed on Bank Negara’s Central Credit Reference Information System (CCRIS) soon said by the Second Education Minister Datuk Seri Idris Jusoh. 

According to Datuk Seri Idris Jusoh, there have been 400 000 graduates who have been defaulting payment. The move was necessary to introduce this new system.

During a press conference after attending PTPTN’s Aidilfitri open house, he said that the most important thing that the graduate should have in mind after borrowing a loan is to pay them back. If they (students) have reasons on not paying back the loan, we would discuss with them and reschedule the payments. 

He also brushed aside concerns regarding the move which might hinder graduates from having their personal credit cards or keeping loan applications from being approved. – The Sun

PTPTN is working closely with Bank Negara to finalise details of this new system which will be announced and be available through PTPTN’s website soon. 

It has been reported that the total loans worth RM2.8 billion is yet to be repaid. 

Prime Minister Datuk Seri Najib Tun Razak, when tabling Budget 2013 has announced that whoever who decides to pay their outstanding PTPTN loan amounts in full will receive a 20% discount by 30th of September 2013.


Tags: Bank Negara, Credit List, Defaulters will be penalize, PTPTN, PTPTN Defaulters Will Be Linked With CCRIS (Bad Credit List) Soon

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