, Malaysia

Higher education loans in Malaysia to be coursed through Maybank or Bank Islam

All loan applicants under the PTPTN must open an account with the SSPN through Maybank or Bank Islam.

 

The PTPTN or National Higher Education Fund Corporation said that opening of SSPN or National Education Savings Scheme accounts through other banks would only be allowed after this year.

It said for those who already had SSPN accounts, they could increase their savings through all existing channels such as Maybank, Bank Simpanan Nasional, Agrobank, CIMB Bank, Bank Islam, Bank Rakyat and at PTPTN counters.

Starting from Jan 1, PTPTN has required applicants to open SSPN accounts as a condition to apply for PTPTN loan.

Before this, the banks that served as PTPTN's agents had been told to upgrade their SSPN opening account system to ensure a smooth interface between PTPTN and the banks.

As of Jan 31, only Maybank and Bank Islam managed to upgrade their systems.

For the source of this story, click here.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

What is Lorem Ipsum?
What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Exclusives

Sed molestie interdum dui sit amet egestas
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
CIMB Niaga leads the way in captivating Indonesia’s youth
The bank’s digital solutions are winning over younger generations with 3.2M mobile users and 96% digital transaction rate in 2023.