Funding Your Higher Education
Applying for a PTPTN loan is the easiest way to pay for your education in Malaysia, and it can be done online! Here is How To Apply For PTPTN
- Learn about it
- Complete the required procedures at the bank
- Check your application schedule
- Submit your online application form
- Check your PTPTN loan application results
- Submit the relevant documents to your university
Step 1: Learn What And How To Apply For PTPTN
What is PTPTN and What Does It Cover?
PTPTN or Perbadanan Tabung Pendidikan Tinggi Nasional, is a government institution established to provide study loans to Malaysian students for their local tertiary education.
The loan covers foundation, diploma, degree, and postgraduate studies across both private and local institutions.
Who is Eligible to Apply for PTPTN Loan?
To submit a PTPTN application, 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 higher learning (either public or private institutions)
- Your chosen course must be accredited by the Malaysian Qualifications Agency (MQA).
How Much Can You Borrow?
Despite that, your PTPTN loan amount will be decided by 2 factors:
1. Your Household Income
The percentage of the maximum amount of PTPTN funds you can apply for depends on which category you fall under.
2, Your Chosen Course and University
Since tuition fees for private institutions are more expensive, their loan amounts are higher compared with public institutions.
The same goes for science courses compared with arts & humanities courses.
Do note that only Foundation courses at these Private Institutions are eligible for PTPTN loans:
- Universiti Multimedia (MMU)
- Universiti Tenaga Nasional (UNITEN)
- Universiti Teknologi Petronas (UTP)
- Universiti Tun Abdul Razak (UNITAR)
A PTPTN degree loan may only cover part of your study fees. Hence, even if you are a university student, it is advisable to plan your finances carefully to avoid any gaps in funding for your tertiary education!
Step 2: Complete the Required 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 counter.
Open a savings account at a panel bank.
*Note: Remember to check with your institution on the banks that are in their panel.
Then, buy your PTPTN PIN number from BSN for RM5.
*Note:
- 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.
- You can only apply for your PTPTN loan with an SSPN-i account. So, you must complete this step and prepare all the needed supporting documents first.
Step 3: Check Your Application Schedule
Not every tertiary education programme in Malaysia begins at the same time. The starting date of your course (and the time you receive your letter of admission) depends on your course intake, which can affect your application.
To complete this step, visit the PTPTN official portal and search for your course. As you search, keep a lookout for the information on the site and ensure that it matches the ones on your offer letter.
Step 4: Submit Your Online Application Form
In this step, you can begin filling out the details. Follow their instructions carefully. (As you fill up your details, try not to jump from one section to another.) Providing incorrect or insufficient details will only increase the risk of loan rejection.
Tip:
Submit your application early, a.k.a., as soon as you have received your offer!
There will be 2 application periods. If you can, aim to complete your application within the first period. Doing so can buy you time for resubmission should your previous application not go through.
Note: Should you plan to apply for scholarships, you can check here to see if you can use both to pay for the course you want. Yes, you can apply for multiple scholarships. But, you can only accept 1 scholarship offer.
Step 5: Check the Results of Your PTPTN Loan Application
While you are eager to begin your university student life, you can only start checking the results of your loan application 6 working days after the closing date of your PTPTN online application.
Step 6: Submit Relevant Documents to Your Institution
Consult your college or university’s PTPTN officer so you do not miss out on any essential documents.
Generally, these are the supporting documents you need to send to your college or university:
- Your IC
- SPM/O-level/ or equivalent certificate (your SPM result transcript will only be valid if the period commencing from the year of the SPM to the year of the application does not exceed 2 years).
- Official offer letter from the college/university
- Personal account number statement /book
- Pre-university certificate and transcript (STPM/A-Level/ Diploma/ Foundation/UEC or equivalent).
- Parents’ payslip (within the last 6 months)/BE form (latest)/income certification form/ letter of confirmation of unemployment for housewife or retired parents
- 2 sets of PTPTN agreements and its Letter of Offer (printable from the PTPTN website once your online application is complete.)
- Confirmation letter of the student’s status from the university/college
- Examination results of each of the previous semesters
Tip:
You can print the list of supporting documents to help you keep track of them.
Bonus Step: Receiving First Payment
Loan disbursement will be paid into the designated bank account 2 months after approval, so be prepared to pay your registration and tuition fees first.
You can check your balance and pay PTPTN online through the PTPTN i-online portal. The important thing is to prepare your financial resources early to have sufficient funds to pay for your current semester’s fees.
Start Your PTPTN Loan Application Today!
Funding your education is one of the most important things to think about as a university student. The PTPTN loan offers financial support to get you through your education. If you have any questions regarding your PTPTN loan application, you can visit their official website for more information.
Let us show you how to save money on your higher education.
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