Budget 2027: PTPTN offers 10pc discount to borrowers with no arrears who make regular repayments

The National Higher Education Fund Corporation (PTPTN) announced a 10 per cent discount for borrowers with no arrears who make regular repayments from 2027, said Datuk Seri Norliza Abdul Rahim, the PTPTN chairman. This incentive aims to encourage consistent repayments and reduce the risk of loan arrears. In addition to the ongoing initiative to defer PTPTN loan repayments in 2027, benefiting over 400,000 borrowers, PTPTN also introduced a minimum monthly repayment of RM50 for low-income borrowers.

The government's decision reflects its concern in ensuring that repayment commitments are aligned with borrowers' financial capacity. Another initiative includes granting tax deductions to employers who repay PTPTN loans on behalf of their employees, covering payments from January 2027 to December 2028. This initiative will encourage employers to help ease their employees' debt burden while safeguarding their welfare.

PTPTN remains committed to realizing the government's goals and aspirations under Budget 2027 by expanding access to more inclusive education, improving borrowers' well-being, and ensuring the sustainability of education financing funds.