Weekly Industry News

PTPTN defaulters may be able to get house loans

Weekly Industry News

THE government is expected to allow graduates who are saddled with study loans and blacklisted by the Central Credit Reference Information System (CCRIS) to apply for housing loans soon.

Housing and Local Government (KPKT) Minister Zuraida Kamaruddin (picture) said the proposal has also been approved by the Education Ministry, which would allow the National Higher Education Fund Corp (PTPTN) to hinder such loan applications from being rejected based on CCRIS’ list.

She said the proposal, which is currently awaiting Bank Negara Malaysia’s approval, is expected to be enforced by October this year.

It would be beneficial particularly to defaulters who are applying for loans to buy government-owned projects.

Media Title:  The Malaysian Reserve

Date: 11 Jul, 2019

Photo Credit

We take processes apart, rethink, rebuild, and deliver them back working smarter than ever before.