Budget 2017 Malaysia PTPTN
For PTPTN Repayment:
Full Settlement | 15% discount |
50% settlement of outstanding debt in a single payment | 10% discount |
Salary deduction or direct debit | 10% discount |
Question: For payment of 50% settlement, the 10% discount is based on the full amount or the amount I am paying only?
e.g. My outstanding PTPTN debt is RM50K and I pay 50% which is RM25K.
Scenario 1: Discount on full amount: 50K – 25K – 5K (10% of 50K). I still owe PTPTN RM20K
Scenario 2: Discount on amount I pay: 50K – 25K – 2.5K (10% of 25K). I still owe PTPTN RM22.5K
Answer: It’s going to be discount on the amount you pay only.
Scenario 2: Discount on amount I pay: 50K – 25K – 2.5K (10% of 25K). I still owe PTPTN RM22.5K
B40 refers to the bottom 40 percent with household income of up to RM3,855.
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