'Deferment subject to income verification'
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The deferral of National Higher Education Fund Corp (PTPTN) loan repayments for eligible borrowers, announced in the 2027 Budget, will be contingent upon income verification, according to PTPTN chairman Datuk Seri Norliza Abdul Rahim. This move is anticipated to benefit over 400,000 borrowers who earn less than RM2,500 per month.
Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim revealed on Friday that the government approved the repayment deferral for PTPTN borrowers earning under RM2,500 monthly. Additionally, those earning between RM2,500 and RM3,000 will only need to make a minimum monthly payment of RM50. Moreover, borrowers with no outstanding arrears who consistently make repayments will receive a 10% discount starting next year.
Norliza explained that the discount aims to reward borrowers who consistently fulfill their repayment obligations, thereby encouraging regular payments and mitigating the risk of loan arrears. Employers who repay PTPTN loans on behalf of their employees will also qualify for tax deductions on payments made between January 2027 and December 2028.
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