Budget 2022: PTPTN borrowers to get 15% discount for full settlement, says Tengku Zafrul

PETALING JAYA: PTPTN borrowers can look forward to discounts again under Budget 2022.

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the government had agreed to give discounts to PTPTN borrowers if they make payments from Nov 1 until April 30.

He said borrowers would receive a 15% discount if they made a full settlement on their outstanding loans.

"(There will be) a 12% discount for payments if at least 50% of the outstanding balance in a single payment (is made)," he added.

He also said there will be a 10% discount if repayments were made through salary deduction or direct debit as per schedule.