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PTPTN received RM558.9m in loan repayments in Q1

PTPTN received RM558.9m in loan repayments in Q1

Published 29 May, 2019

Customers are seen at the National Higher Education Fund Corporation (PTPTN) in Kuala Lumpur July 16, 2018. — Picture by Firdaus Latif

KUALA LUMPUR, MAY 29 — The amount of loan repayments received by the National Higher Education Fund Corporation (PTPTN) from January to March this year was RM558.9 million, according to PTPTN.

Its public relations and management council senior general manager, Abdul Ghaffar Yusof, said the amount of repayments should be RM300 million per month but the average amount received was between RM150 million and RM180 million.

“The status of payments so far is still below the actual level. The total amount collected should have been RM4 billion for the whole of last year because we need to lend to new and existing students.

“There are no issues with borrowers who pay through salary deductions but there are still borrowers who have not made any payment,” he told reporters after the prize presentation for the PTPTN Debt Free Competition 2018/2019 here today.

Source From Malaya Mail

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