Wednesday, December 3, 2014

How To Make Full PTPTN Study Loan Settlement

One of my target this year is to settle my PTPTN study loan. And I am so happy to announce that today I had made full PTPTN repayment and had settled my PTPTN study loan. If I follow my PTPTN loan repayment schedule, I still have another 5  more months to go. But, I decided to settle my PTPTN study loan earlier.

So, what is the process to make full PTPTN study loan settlement? When I first made my PTPTN repayment may years ago, I paid through direct debit from my monthly salary (Potongan Gaji), then I paid by sending monthly cheque to PTPTN HQ. After I have my ebanking, I found it is much more convenient to pay through ebanking, though there is RM1 processing fee for each transaction. Earlier this month, I logged on to my PTPTN online statement and printed out my latest PTPTN statement. Today, I brought along my PTPTN online statement to my local PTPTN office in Kuching. And of course, I brought along my cash as well. The process to make full PTPTN repayment as below:

1) Got a ticketing number from the entrance to see the officer at the counter. I told her that I wish to make full PTPTN repayment. She told me she will need to check from her online system for the rough figure of my PTPTN balance. Upon her checking, the figure is similar with my online PTPTN statement.
2) Then, I was instructed to fill a form. This form is something like an application to know the actual balance for my PTPTN (after deduction/interest fee/whatever other charges). The officer at the counter brought the form to her officer/superior inside her office so that this officer/superior can contact PTPTN HQ to verify my actual PTPTN balance (after discount/interest charges/misc).
3) After waited for 10mins, she got back go me and passed me a document indicating  my actual 'confirmed balance' which I need to pay. I am happy to see a 20% discount* as well :)
4) Then, I filled in the payment slip and waited for my turn to make the full payment at the payment collection counter.
5) Upon made the full payment, I was given an official receipt. The officer said PTPTN will email me a statement to confirm I had made the full payment.

The process is simple and quick. I think I spent about 30mins at the PTPTN Kuching Office, even though the PTPTN office is packed with many customers. The officers are very helpful, nice and friendly.

Just a note to any of you who wish to make full PTPTN study loan repayment, please go to your nearest PTPTN branch and get the actual full outstanding amount. Or, at least email or contact PTPTN HQ to get the figure. This is to avoid any wrong figure. This is also the main reason why I went to the PTPTN Kuching instead of pay my full payment through ebanking. To me, the official receipt is very important.

Finally, for those of you who are looking for the location of PTPTN Kuching Office, the address as below:

Pejabat PTPTN Negeri Sarawak
Lot 519, No. 15-I, Section 6
Al-Idrus Commercial Centre
Jalan Kulas, 93400 Kuching, Sarawak
No Tel : 082 - 234 608
No Faks : 082 - 239 315 

*There is a 20% discount for PTPTN borrowers if they pay their study loan in full from 10 Oct 2014 till 31 Mar 2015. You can read the news here and here. So, why not grab this opportunity?

1 comment:

  1. Other than the 20% rebate, there's also a 10% rebate for those who make 12 continuous repayments monthly until 31st December 2015.

    http://loanstreet.com.my/learning-centre/ptptn-tips-for-students

    ReplyDelete