Over 400000 PTPTN defaulters to remain in banks' blacklist
They will however no longer be blacklisted by the Immigration.
Maszlee says more than a million borrowers had been placed on the immigration blacklist since 2000, but 655,000 of them had cleared their debts.
PUTRAJAYA: Over 400,000 National Higher Education Fund Corporation (PTPTN) defaulters currently banned from travelling abroad will have their names removed from an immigration blacklist by next month, but they are still blacklisted by banks until they settle their study loans.
Education Minister Maszlee Malik said the process to remove them from a travel blacklist began in stages on May 24, and would be completed by June 15.
But the CEO of the higher education fund, Wan Ahmad Wan Yusoff said defaulters would still be listed under the Central Credit Reference Inform ation System (CCRIS), barring them from obtaining bank loans.
Names listed in the CCRIS are barred from obtaining bank loans.
Wan Ahmad said PTPTN borrowers could still negotiate an amount they can afford to pay.
âIf they are supposed to pay RM100 a month but cannot afford it, they can still pay RM50. This way, they can be eligible to apply for loans to buy a car, house and other purchases,â he said.
Meanwhile, Maszlee said more than a million borrowers had been placed on the immigration blacklist since 2000, but 655,000 of them had cleared their debts.
He said PTPTN borrowers who earn a monthly income of RM4,000 and below would be allowed to differ repayment.
But he said that the ministry was still studying a repayment mechanism, adding that an announcement on it will be made in the next two months, within the 100 days of Pakatan Harapan coming to power.
âWe hope PTPTN borrowers will fulfil their responsibility by continui ng to repay their debts,â he said.
Source: Google News