Govt defers PTPTN repayment for borrowers earning RM2,500 and below
BUDGET 2027 | Borrowers earning RM2,501-RM3,000 will only be required to pay a minimum RM50 monthly.
In a recent announcement, Prime Minister Anwar Ibrahim revealed that PTPTN borrowers earning RM2,500 or less per month will be granted a 10% discount on their loan repayments in 2027. These measures are expected to assist over 400,000 borrowers, according to the finance minister. To qualify for this discount, borrowers must have no outstanding arrears and maintain regular repayments. For borrowers earning between RM2,500 and RM3,000 each month, minimum repayments of RM50 per month will be required.
Furthermore, the government has agreed to offer tax deductions to employers who pay PTPTN loans on behalf of their employees. This incentive will be applicable to repayments made between January 1, 2027, and December 31, 2028.
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- PTPTN borrowers earning RM2,500 and below get a break in 2027 freemalaysiatoday.com
