Your Easy Guide to Applying For a PTPTN Loan

By Uni Enrol - July 30, 2020
How to Fund Your Studies Find out how to apply and tips that will help the process go smoother
Your Easy Guide to Applying For a PTPTN Loan

 Is limited financial resources and your results standing in your way of achieving your dreams? 

If you’re looking for ways to finance your higher education, look no further than PTPTN. The PTPTN loan accepts applications even with just 3 credits in SPM.

Let's look at a few things that you need to know before applying for a PTPTN loan, and the steps involved.

things you need to know before your ptptn loan application

What is PTPTN?

The Perbadanan Tabung Pendidikan Tinggi Nasional is a government institution that was established to provide study loans to Malaysian students for their local tertiary education.


Who is Eligible?

In order to be eligible for a PTPTN loan, you need to fulfil the following criteria:

Malaysian citizen

Age 45 years and below

Passed SPM with at least 3 credits in any subjects; or

Passed SPM and obtained a CGPA of 3.0 and above for a community college Certificate graduate who received an offer to a polytechnic diploma level or a polytechnic diploma graduate who is offered a postgraduate degree

Must have received an offer to study at an institution of a higher learning (either public or private institutions)

The course that you are studying is accredited by the Malaysian Qualifications Agency (MQA).


How Much Can You Borrow?

1. Your Household Income Determines Which Category You Belong In

The percentage of the maximum amount of funds you can borrow depends on which category you fall under. 

Household income that qualified for ptptn loan malaysia

2. Your Chosen Course and University Will Determine Your Loan Amount

Since tuition fees for private institutions are more expensive, their loan amounts are typically higher compared with public institutions. The same goes for science courses compared with humanities courses.

total tuition fee amount per year after loan

Do note that only Foundation courses at these Private Institutions are eligible for PTPTN loan:

  • Universiti Multimedia (MMU)
  • Universiti Tenaga Nasional (UNITEN)
  • Universiti Teknologi Petronas (UTP)
  • Universiti Tun Abdul Razak (UNITAR)

A PTPTN loan may only cover part of your study fees so it is advisable to plan your finances carefully to avoid any gaps in funding for your tertiary education!


how to proceed with your ptptn loan application

5 Easy Steps To Apply For a PTPTN Loan

Step 1: Sort Out the Following Necessary Procedures at the Bank

Open a Skim Simpanan Pendidikan Nasional (SSPN-i account) at Maybank, Bank Simpanan Nasional (BSN), Bank Islam, CIMB Bank, Agrobank or Bank Rakyat. Alternatively, you can do this at any PTPTN counters.

Open a savings account at a panel bank. Remember to check with your institution on the banks that are in their panel.

Buy a PTPTN PIN number from BSN for RM5. The number will be valid for 6 months and once you log in you will be using this PIN number for all your PTPTN related matters.


Note: You can only apply for your PTPTN loan with a SSPN-i account so it's important that you have one.


Step 2: Submit Your Online Application Form

Do check with your college or university if you have any questions. Providing incorrect or insufficient details will only cause your application to be rejected.


Step 3: Check the Results of Your Application

You can start checking the results of your loan application 6 working days after the closing date of your PTPTN online application.


Step 4: Submit Relevant Documents to Your Institution

Consult your college or university counsellors so that you don't miss out on any important documents.


Step 5: Receive First Payment

Loan disbursement will be paid into the designated bank account 2 months upon approval, so be prepared to pay your registration and tuition fees first.

The important thing is to prepare your financial resources early in order to have sufficient funds to pay for your current semester fees.


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