Your Easy Guide to Applying For a PTPTN Loan

how to apply ptptn
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    PTPTN is one of the easiest ways for Malaysian students to finance their higher education and offset the cost incurred from tuition fees and expenses during tertiary studies.

    It allows students from all walks of life to have the opportunity to further their studies at the college/university level.

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

    We’ll also show you a step by step guide on how to apply for PTPTN online.

    things you need to know before your ptptn loan application

     

     

    What is PTPTN?

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

    The loan covers foundation, diploma, degree, and postgraduate studies.

     

     

    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 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?

    Your PTPTN loan amount will be decided by 2 factors:

     

    Your Household Income

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

    Household income that qualified for ptptn loan malaysia

     

    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.

    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 degree 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: Complete 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 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 complete this step first.

     

    Step 2: Submit Your Online Application Form

    Do follow their instructions carefully.

    Providing incorrect or insufficient details will only cause your application to be rejected.

    Note: If you plan to apply for scholarships as well you can check here if you are able to use both to pay for the course you want.

     

    Step 3: Check the Results of Your PTPTN 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’s PTPTN officer so that you don’t miss out on any important documents.

    Generally, these are the supporting documents you need to send to your college/university:

    • Your IC
    • SPM/O-level (or equivalent) certificate (Copy of SPM result transcript will only be accepted if the period of time commencing from 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 agreement and its Letter of Offer (printable from the PTPTN website once the online application has been done)
    • Confirmation letter of the student status from university/college
    • Examination results of each of the previous semesters

     

    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.

    You can check your balance and payment of PTPTN online through the PTPTN i-online portal.

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

     

    If you have any questions regarding your PTPTN loan application, you can visit their official website for more information. 

    Call our counsellors today and let us show you how to save money on your higher education.