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If You Haven't Been Repaying Your PTPTN Loan Regularly, Your Name Might Already Be In CCRIS

Your name will be listed as soon as you miss the first payment.


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If You Haven't Been Repaying Your PTPTN Loan Regularly, Your Name Might Already Be In CCRIS
Image: Salon.com
If you've been putting off repaying your National Higher Education Fund Corporation (PTPTN) loan, we suggest you start doing it soon.

PTPTN deputy CEO (Policy and Operations) Mastura Mohd Khalid told The Star Online that borrowers who have yet to repay their loans will be listed in the Central Credit Reference Information System (CCRIS).

And if your name is listed in the CCRIS, you can kiss your dream home or car goodbye.

“If they are good paymasters, borrowers will have a good record (in the CCRIS). They will have no pro­blem when they apply for new loans.

“Their names will be taken off the list once they have fully settled their PTPTN loans,” Mastura was quoted as saying, adding that the system has been in effect since 2015.

She also told the news portal that all loan borrowers would automatically be listed in the CCRIS once it is time for them to start paying back, which is six months after they graduate.

However, she said that this is not a punishment, but rather, a means to help loan borrowers stay disciplined.

“Having your name on the CCRIS does not amount to a ‘punishment’. Instead, it is a tool that ensures borrowers are disciplined in repaying their loans,” she was further quoted as saying.

To know more about this whole CCRIS thing, we did a pretty thorough rundown and you can check out the article by clicking here.

After that, start repaying your loans lah.

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