What percentage of PTPTN borrowers have not repaid their loans?

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19.65 Per Cent of PTPTN Borrowers Have Not Repaid Their Loans

As of September this year, 373,975 borrowers, representing 19.65 per cent of the total, have not repaid their loans to the National Higher Education Fund Corporation (PTPTN). The outstanding amount from these non-repaying borrowers totals RM2.74 billion. This situation arises despite PTPTN having approved loans to 2,963,345 borrowers, with a total loan disbursement of RM54.37 billion.
Loan Repayment Status

Out of the 2,963,345 PTPTN loans approved, a significant portion, specifically 373,975 borrowers, have yet to commence or complete their loan repayments. This group constitutes 19.65 per cent of the total borrower base. The collective debt from these individuals amounts to RM2.74 billion.
PTPTN's Collection Efforts

The National Higher Education Fund Corporation has managed to collect RM13.86 billion, which represents 68.62 per cent of the total money owed to it from 1.5 million borrowers. This indicates substantial recovery efforts, though a considerable amount remains outstanding.
Policy Review and Future Planning

PTPTN has undertaken a comprehensive study concerning its loan repayment policies. This review considers various factors, including the availability of funds for new borrowers, the repayment tenure, and the financial capacity of the borrowers. The findings from this study are slated for presentation and approval at a Cabinet meeting.
Measures to Ensure Repayment

To encourage consistent loan repayments, PTPTN has maintained the practice of listing borrowers' names in Bank Negara's Central Credit Reference Information System (CCRIS). This measure serves as a deterrent and a reminder to borrowers of their financial obligations.

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What percentage of PTPTN borrowers have not repaid their loans?

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