For Malaysia with a population of 32.7 million, availability of study loans is a necessity to ensure a steady supply of skilled manpower for the country’s economic progress, nation-building and better wealth distribution.
In 2015, PTPTN moved to its new headquarters at Menara PTPTN, Jalan Yap Kwan Seng, with 64 branches nationwide.Back in the mid-1990s, parents had to sell their land, houses, or borrow from banks for their children’s tertiary education. Ahmad Dasuki reminds borrowers to repay their loans, so that the benefit can continue for the next generations.On loan repayment, he said that under the #PTPTNSediaBantu initiative, borrowers can approach PTPTN to restructure their monthly sum according to their affordability.
This is PTPTN’s contribution and service to help the Malaysian community realise their dreams and ambitions by ensuring that children continue to get an education. According to Ahmad Dasuki, total Simpan SSPN deposits amount to RM12.5bil while there are 5.4 million accounts as at June 30 this year.“For instance, PTPTN is working with the state governments of Perak, Terengganu, Melaka, Johor and Kedah, where newborns are given contributions through Simpan SSPN Prime,” he revealed.
PTPTN will roll out three initiatives in the next five years to ensure Simpan SSPN remains the savings scheme of choice – improved Simpan SSPN Plus and Simpan SSPN Prime products; a higher returns rate for Simpan SSPN over other products in market ; and introduction of new and attractive products to Simpan SSPN savers.PTPTN has financed students studying in both public and private educational institutions, as well as those taking professional courses.
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