School Leavers Loan Repayment Program
Loan repayment for School Leavers Loan Repayment Program starts six (6) months after completing the training program or six (6) month s after the payment has been released, whichever comes later.
The period of loan repayment is according to the amount of loan approved. Period repayment schedule is shown in Table 1.
Table 1: Duration of Loan Repayment
|No||Approved Loan||Loan Repayment Period|
|7||RM10,000 and above||120 Months|
An administration charge at the rate of three percent (3%) per annum on reducing balance begins from the start of the loan repayment.
Borrower / guarantor can begin repayment of the loan without having to wait for a letter / notice from PTPK.