KUALA LUMPUR: National Higher Education Fund Corporation (PTPTN) borrowers who settle their loans will get discounts of up to 20 per cent.
Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said borrowers who pay at least 50 per cent of their loan or make scheduled direct debit payments would receive a 15 per cent discount.
"This is to facilitate repayment, and the discount for repayments will begin from Nov 1 until April 30 next year," he said when tabling the 2023 Budget today.
He said borrowers who graduate with a first-class degree would be exempted from repaying their loans.