Q&A: Should I Pay Off My PTPTN Loan?

2017-04-16T07:35:37+08:00By |Loans & Debt, Q&A|

Should I pay off my PTPTN loan with a full or partial repayment to enjoy the PTPTN discounts offered as per Budget 2017?

PTPTN Repayment Query

Due to financial constraints after graduating, I have been unable to make PTPTN (National Higher Education Fund) loan repayments previously. I am now earning an income and able to make repayments. I would like to do so especially to avoid being blacklisted by PTPTN and thus barred from leaving the country.

Should I make a full or partial PTPTN repayment?

PTN is offering a discount off it’s loan repayment

  • 15% discount for full one time repayment
  • OR 10% discount for minimum half repayment


Which PTPTN repayment option should I take?

Questions to ask

  • How much is your outstanding loan?
  • How much cash do you have available and emergency savings?
  • How is your monthly cashflow?

If you have enough funds to make a full one time repayment (without depleting your emergency savings), you may want to consider paying off in full. Or at the least make a half repayment.

Very few low-risk investments can give you a 10% or 15% per returns. Additionally, you will be living debt free which is a great financial stage to be in.


PTPTN Discount Eligibility and Info

  • Repayment period between October 22, 2016 and December 31, 2017.
  • Discount is applied on total outstanding balance.
  • For 10% discount, loan repayment on remaining outstanding balance must be via auto pay cut or auto debit.



Q: Will I save more if I pay half twice (i.e. Saving me 20%?)
No as the total savings would still be the same as is percentage based. (You would save up to 10% twice of your total repayment – which is still overall 10%)

Q: How long will it take to get removed from the PTPTN blacklist?
7 days from the immigration blacklist. 14 days from CCRIS.


More Info

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