Malaysia

Skills development loan repayment deferment extended to March 31

Deferment involves loans totalling RM9.5 million, to benefit 72,747 borrowers, says HR minister

Updated 5 years ago · Published on 20 Jan 2021 6:36PM

Skills development loan repayment deferment extended to March 31
Human Resources Minister Datuk Seri M. Saravanan says some PTPK borrowers have lost their jobs due to the Covid-19 pandemic. – The Vibes file pic, January 20, 2021

PUTRAJAYA – The Human Resources Ministry has agreed to extend the deferment for Skills Development Fund Corp (PTPK) loan repayments by three months to March 31.

Minister Datuk Seri M. Saravanan, in a statement today, said some borrowers have been hit hard by the Covid-19 pandemic.

They can submit applications for the deferment via the PTPK website, he said.

“This deferment involves loans totalling RM9,516,798.90, and will benefit 72,747 account holders.”

He said the ministry is concerned about the financial difficulties faced by borrowers, especially those who have lost their jobs as a result of the virus crisis and impacted by floods, which have hit several states this monsoon season.

Questions can be emailed to [email protected] or [email protected], and more details are available on the PTPK website. – Bernama, January 20, 2021

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