433,000 PTPTN Loan Defaulters To Be Removed From Travel Blacklist Starting June! - The Coverage

433,000 PTPTN Loan Defaulters To Be Removed From Travel Blacklist Starting June!

Great news people! Our Education Minister Dr. Maszlee Malik announced on May 31 that his ministry is in the midst of removing over 400,000 National Higher Education Fund Corporation (PTPTN) loan defaulters from the travel blacklist.

According to FMT, the newly minted minister said the Immigration Department has started removing names of the defaulters since May 24 and is expected to be completed by June 15!

Source: Berita Harian

He said,

“Should any of you face trouble at the airport, please contact our officers there.”

Although you’ll be free from the travel ban, the names of the defaulters will still remain under the Central Credit Reference Information System (CCRIS), barring them from obtaining bank loans.

Maszlee also added that those who have problems with repayment should approach PTPTN to negotiate an amount they can afford to pay.

“They should come to see us to restructure their loan payments if they are having problems. For instance, if they cannot pay RM100 per month, we can discuss lowering the amount.”

Source: FMT

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In case you didn’t know, Pakatan Harapan promised in its manifesto that it will delay repayment for borrowers earning RM4,000 and below, however, PH’s pledge has to be put on hold for now due to the country’s staggering debt.

He added that the ministry requires more time to find the best way to fulfill the promise within the 100 days.

We understand that many can’t wait for the repayment delay to be implemented, but we hope the public can give our new government a chance to fulfill their promise, be patient and understand that there might potentially be some problems along the way. 

(Source: The Star / Says / Free Malaysia Today)

1 Comment

1 Comment

  1. Shahril

    June 4, 2018 at 10:50

    I agree with everything PH has done so far except this. This is unfair & wrong to those which genuinely struggle to make payments every month. My family has fully paid this after 10 years. We have paid interests, spared holidays just to make payment and avoid CCRIS records. If we lapse our credit cards or loans, we get blacklisted & also cant travel.

    RM4000 can easily repay RM100 per month or Rm200. Now instead of repayment, we are allowing them to travel and spend. Travel should be allowed for business & religious reasons only, not for the defaulters.

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