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Published: Friday August 26, 2011 MYT 3:24:00 PM
PTPTN to adopt friendlier approach with loan defaulters
KUALA LUMPUR: The National Higher Education Fund Corporation (PTPTN) is prepared to negotiate with blacklisted defaulters or those who have been issued with summonses to help them repay their loans, its chairman Datuk Ismail Mohamed Said said.
He said that through a much friendlier approach, the corporation would open its doors to negotiation and work out the loan repayment structure.
"The borrowers and PTPTN officers will discuss the amount of deposit to be paid by the borrowers and the amount of monthly installment as well as how the payment should be made, either through salary deduction or bank's order," he said.
Speaking to reporters after handing over 2,500 goody bags at the Gombak toll plaza here Friday, Ismail said the borrowers could come to PTPTN to negotiate the repayment process.
He said up to July 31 this year, a total of 961,346 borrowers still owed the corporation a total of RM5.43bil.
Of the amount, 715,086 borrowers have started to repay their loans, with RM2.63bil collected thus far.
Some 246,260 or 25.62% have yet to make any payment for their loans, totalling RM1.39bil, while the arrears for those who have started to make repayment but at irregular intervals is RM1.42bil. - Bernama
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asked on Aug 26, 2011 at 23:55
edited on May 19, 2016 at 04:24
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