PTPTN borrowers can expect to see discounts again in Budget 2022.
Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz announced that the government has agreed to give PTPTN borrowers discounts if they make payments between November 1 and April 30.
He stated that borrowers would receive a 15% discount if they paid off their outstanding loans in full.
“There will be a 12 percent discount for payments if at least 50% of the outstanding balance is paid in a single payment,” he added.
He also stated that if repayments are made through salary deduction or direct debit on time, a 10% discount will be applied.