•         Application for salary deduction

For repayment through salary deduction, the borrower / recipient can fill in the Salary Deduction Authorisation Form for PTPTN Borrower, PTPTN-P-04/1-2004 Pin.4 (click here) which is available via the PTPTN website. Complete it and send it to PTPTN. Alternatively, the borrower / recipient can fill in the PTPTN Online Loan Repayment Option Method Form and select the salary deduction method. The completed form should be printed, signed and sent to PTPTN for updating. Applications can also be made ​​via e-mail to the Enforcement and Collection Department at upkb@ptptn.gov.my.

 

  •        Instalment amount for salary deduction

Deductions from salary will be based on a fixed repayment schedule. Applications for reduced deductions are not allowed. If the borrower / recipient wishes to make repayment exceeding the amount in the prescribed schedule, a letter of notification must be submitted.

 

  •        Salary deduction process

The process of salary deduction will take 1-3 months and letters of credit as well as debt certificates will be sent to the Inland Revenue Board  (IRB).


The next process involves the IRB which will take 7 working days to process the payment instruction letter to the employer.

 

  •  Date of IRB remitting payment to PTPTN

Salary deduction received from the employer will be remitted by the IRB to PTPTN to be accounted for in the statement twice monthly. The first stage is between the 1st and the 15th and the second stage between the 16th and the last day of the month. This expedites updating of the borrower's statements.