Tag Archives: PTPTN Interest Rate

PTPTN Ujrah Scheme: Update PTPTN Interest Rate to 1%

As we known, our Prime Minister had announced to reduce PTPTN administration fee from 3% to 1% since year 2008. But, we can see that there are still quite a great number of PTPTN loan borrowers are still paying 3% of administration fee today.

In order to solve the above issue, our government had introduced Ujrah Scheme to encourage all PTPTN loan borrowers to update their information. This is to expedite the process of changing 3% to 1% of PTPTN administration fee.

PTPTNUjrahScheme

Under this Ujrah scheme, you need to follow phase by phase in order for you to get reduction of PTPTN administration fee:

i. First, you need to update your info in Ujrah website. What you need to do is just keyed in your identity card number and email address.

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Why PTPTN Loan Interest Rate Still 3% ?

PTPTN

I think I should feel proud at this moment because I always keep on paying back the PTPTN loan. Compare to many other borrowers, most of them will defy the loans even they have money to payback. And, in the end, they may receive the warning letter then only start to pay.

Why PTPTN Still Charge Me 3% Interest Rate But Not 1% ?

I had been taking PTPTN loan for my Diploma, which is a total of RM10, 000. Based on the first agreement that I signed, the interest rate was around 3%. However, our Prime Minister announced that the interest rate of PTPTN would be reduced to 1% since 1st of January 2008, and clarified that this will apply to ALL students.

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