By DayakDaily Team
KUALA LUMPUR, Oct 9: The government has agreed to defer National Higher Education Fund Corporation (PTPTN) loan repayments for borrowers who earn under RM2,500 a month under Budget 2027.
In addition, Prime Minister Datuk Seri Anwar Ibrahim said borrowers earning between RM2,500 and RM3,000 a month will only need to make minimum repayments of RM50.
“This means borrowers earning less than RM2,500 a month will not be required to make any repayments to PTPTN. Only when their salaries rise to between RM2,500 and RM3,000 will they be asked to pay RM50 a month.
“This will benefit more than 400,000 PTPTN borrowers. I believe this will not be an issue because if they cannot afford to repay their loans, they do not have to pay. Once they can afford to do so, they can pay RM50 a month,” he said when tabling Budget 2027 in the Dewan Rakyat today.
He also said borrowers with no outstanding arrears who make regular repayments will receive a 10 per cent discount.
Meanwhile, Anwar, also Finance Minister, said the government agreed to offer tax deductions to employers who repay their employees’ PTPTN loans.
The tax incentive will apply to repayments made between Jan 1, 2027, and Dec 31, 2028, he added. — DayakDaily
