PTPTN Returns RM2.72 Million To Borrowers Following Adjustment Of Interest Rate
25 April 2012
TEMERLOH, April 25
(Bernama) - The National Higher Education Fund Corporation (PTPTN) has returned
RM2.72 million to 3,229 borrowers until March 31 following the adjustment of
loan interest rate from 5 to 3-1 percent.
Chairman Datuk Ismail
Mohamed Said said PTPTN had over the same period disbursed RM43.85 billion
loans to 1.96 million students in institutions of higher learning at home and
abroad.
"However, 31,606 borrowers of the 1,052,693 borrowers involving RM6.84
billion loans were given repayment extension due to sickness and studying
abroad," he said at `Mesra Minda` programme at Penderas Orang Asli
settlement yesterday.
PTPTN had received RM3.18 billion loan repayment while action was taken against
261,561 borrowers who did not respond, involving loans amounting RM1.48
billion.
Since its inception over 15 years ago, PTPTN had approved RM43.85 billion
loans. This year, RM5.05 billion was disbursed of which RM3.37billion was to
existing borrowers and RM1.68 billion to new borrowers.
