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Tuesday, March 17, 2015

How to Get PTPTN 20% Discount

Yes. I'm finally cut loose from PTPTN. (Saved a lot of money too!)

And I know many of you out there are just itching to pay it off ASAP too.

So y'all have another... [no more time left actually. Pray for the next one]

I suggest you do so soon if you haven't already, and have the means to do so.

Really, you can decide to delay repayment as much as you want in hopes
that maybe some time in the future, you'll get another discount.

Just know that's a risk that there won't be any discounts (in fact, there might
be premium increments too) if you don't take advantage of the opportunity now.

And I was recently kinda extorted from PTPTN RM4k with a court order
and an RM120/month commitment out of the blue; in which failure to remit
payment will result in blacklisting (Peminjam Ingkar), a fine, lock up or
any combination of the three in one instance.

I finished studies in 2013. 2 years later, got bombed. *shrugs*

So if you're gonna delay, I hope you think twice after reading this.

For those of you who just want to settle this entire thing, here are the steps:

No. 1 - Acquiring your Payment Confirmation Slip

To know how much you need to pay for real, you first need to get this:
Note the part bordered in red? That's your official repayment amount.

So to acquire this Payment Confirmation Slip, you need to do the following:
a. Go to anjung and look for Borang Permohonan Baki (Individu)
**links provided just in case you feel extra lazy.


b.Fill up the form and hit the SIMPAN button at the bottom.

If everything goes well, you should get this:

Upon receiving this, please c. print and d. sign it e.fax to the number in the letter.

After that, you should receive your Payment Confirmation Slip within
7 working days. I received mine a day later, so I guess I was lucky.

Any period before 2pm is considered early for faxing and should have a
high possibility of being looked through on the same day itself.

Ok, now that all your official paperwork is done, please print the
Payment Confirmation Slip to be brought to the PTPTN office
(I'll give simple directions with pictures later).

Again, your final amount payable should be the one in the red border:

Note the part bordered in red? That's your official repayment amount.

No. 2 - Paying Up The Loan

Ok. There's FPX and whatever nonsense. Just don't bother. Do it face to face.

So there's only one other option: Bank draft.

Why not cash? You mean why not get robbed in broad daylight right?
Unless if you're as badass as Blade, I'd strongly suggest you not to bring
cold hard cash.

Blade is badass.

I tell you this because everything else will take about another 7 working days
(or longer) to process (cash alone). Trust me, you're pressed on time.

Just don't bother. I don't even want to bother knowing if you're still entitled to
the discount when you pay on the 31st of March itself. (let alone a week
before 31st.) It's not worth the risk. 

Look, I know you may have Malaysian blood coursing through your veins; but 
fuck Malaysian timing for once ok? 

For yourself. For your future. For your wallet.

So go to any bank that you already have an account with, ask the receptionist
that you want/need to purchase a bank draft (RM5.50 - RM10, depending on
bank. Maybank was RM5.50)

You'd need to queue for any sort of business at all in a bank. So don't go too late,
and don't go during lunchtime. Be savvy about it. And please note most banks
close around 4pm. So go before then.

For the draft, you can either pay cash through the counter to be put into the draft,
or you can just directly debit from your savings account. I debited by the way.

But if you're getting someone to transfer funds for you from his/her account,
(most likely parents) tell them to change the Transaction Limit in the online
account before transferring. Funds should normally be transferred within the
same day, but can take up to 3 days.

If he or she doesn't know how to change the Transaction Limit, then multiple
transactions are necessary to get the full amount, which will also stretch your
repayment time.

Or you can also get him or her to issue a bank draft from his or her account
directly too.

For the payee detail, PTPTN doesn't need an account number apparently.

So just write in


in the Penerima/Recipient box.

Getting the bank draft can be as swift as 15 minutes or a dreadful hour long wait.
So do what you need to do in order to avoid the shitstorms.

No. 3 - Getting to the PTPTN building.

Perbadanan Tabung Pendidikan Tinggi Nasional
Lot G2, Tingkat Bawah, Wisma Chase Perdana
Off Jalan Semantan, Damansara Heights
50490 Kuala Lumpur

(u.p: Unit terimaan)


Now, with the hard copy of your Payment Confirmation Slip and your
Bank Draft ready at hand, you're now ready to walk into the PTPTN
building and settle the payment like a boss.

To cut thing's really short, it's just right after Help University College
in Jalan Semantan/Bangsar/Off Jalan Maarof. Fastest way to get here is
to take Sprint from Damansara Jaya. Keep going after Eastin, staying to
your left. Go over the underpass and turn right into Help.

If you see a turn that says Jalan Dungun, fuck that and move to the other one.
You'll see a left turn before the underpass. Yes. Turn left there.

It should say Pintu Alternatif ke Istana Negara or whatever.

If you went to the right place, you'll see CIMB, Subway and O'Brien's on the
other side (your left side)

If you're on the wrong lane, you'll see many chicks wearing shorts that could
very well pass as their undies and guys who.. uh. Always wear t-shirts.

They put on cool shoes though. Kinda hard to miss HELP students when you
spot them.

And God Bless you. You'll be stuck in a one way street and you'll have to loop back
from Jalan Pudu/Bukit Damansara/Bangsar or something. Haha.*thumbs up*

CIMB/Subway building before Wisma Chase Perdana.

Keep going down until you see Wisma Chase Perdana on your left. There 
should be a big signage saying Koperasi or something on the building. 

Either way, the entrance into the carpark looks something like this:

After you park, there's apparently no lift or staircase going up. (at least for me)
So don't waste time and just walk back up where you came in.
The PTPTN office is in the Left Wing. (from the entrance when you come in)

You'll see Secret Recipe at the front entrance if you're walking into
the correct building.

Then once you walk in, look to the left of the Reception Desk and...


Proceed to the Karma Terminal and hit Pembayaran. You'll get a number.

So terminally ill.

Wait for your turn, ready your IC, Payment Confirmation Slip and your Bank Draft.
Produce them to the attendant at the counter and she'll ask you to fill in one more form,
do thumb print scan etc.

Once you're done, she'll ask you to wait to be called over to counter 13 or 14.

Counter 13 or 14. 

So once the processing is done, you'll be called. Make your payment via bank
draft at counter 13 or 14, get the receipt, and go back to the same attendant
who attended to you earlier with your documents.

She'll get you to sign a few more things, declare that you're off debt, and inform
you that your Debt Release Letter (Surat Pelepasan Hutang) will be e-mailed/
mailed to you within 7 working days.

**Please do note that the longer you decide to delay this repayment, the longer the queue will be 
in direct link to how close it is to the final day of repayment. We live in Malaysia after all. 

Who knows, we early birds might be even pissed (very) by the government if they suddenly 
announce for an extension for repayment.

Done! Sit back, relax and go on with your life while you wait for the letter.
(Be very vigilant about it. Make sure you get it. I actually wanted to wait to
get the letter before I post this, but if it really took 7 days to process, gosh. 
You guys might as well don't stumble upon this post at all)

Secret Recipe's just outside. Celebrate with a slice of cake or something.
Apparently cakes are 50% off from 3pm - 6pm with a purchase of a cup
of coffee or tea. *shrugs*

A 50+ years old makcik at Secret Recipe did this man. I'm ashamed of any
young individual who tries producing coffee art and gives up before
getting any results.

If makcik can do it, it's highly likely you a lot of people can too. 

Aight. Godspeed on clearing your debt.

Hope this helps.

[Edit 27/03/2015]

PTPTN will now be open till 8pm on weekdays and 9pm on 
weekends to enable the majority of the public to pay after 
regular office hours.

Expect it to be very crammy and jam-packed.

My Debt Relase Letter is delayed. I should be receiving it after 
another 7 days apparently. I guess this is understandable with the 
amount of work they are put through this entire week.

Everybody at PTPTN will be a little cranky because they are all 
doing a overtime. So while you attempt to pay off your loan, I'll 
encourage you to stay calm and respect them for trying to do their 
job for you.

But I'm sure there won't be a problem with this part; since most 
of the employees at PTPTN Jalan Semantan are actually quite friendly.

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