Hi, my name is Ka Hoe and I’m the founder of J Advisory and today I’m back with this very interesting topic, which I saw from one of the people who came to our 1 to 1 and this is something which I’m curious as well you know. If you are having PTPTN loan and you are having problems paying your PTPTN loan. Would you consider going to AKPK you know? Do share with me in the comment section because I like to see in general what do people actually think or how do they react?
In my personal opinion, I always believe in this principle that I lived by whatever money that we borrowed, we need to return right? So with that in mind PTPTN has been one of the loans that has been given to students for their higher education. Because a lot of the students that have used these funds did not repay back to the government. That’s why the government is actually chasing quite hard on the defaulter right? Even to the extent of barring them from going overseas. Ever since during the Covid, I think there is a certain relief measure to help every person. Not only PTPTN but I think in terms of housing loans, car loans, there was a certain moratorium.
But coming back to this main topic here. Personally, I don’t think that if you are struggling with your PTPTN payment, you should be admitted to AKPK mainly because PTPTN interest is one of lowest interest I’ve ever seen because literally the government is sort of giving free money to you for your higher education. Because I’ve seen before, the interest rate charge for PTPTN is like.. as low as 1 or 2 percent. So I felt that another way of how you can approach this if you are struggling with PTPTN repayment, is actually approach PTPTN, and see how you can reschedule your repayment to something which you can commit to, or which is something that you can pay. Rather than going to AKPK because I’m not sure how many of you actually have gone into AKPK because of PTPTN.
Do AKPK increase the interest rate or do they fix the interest rate? If they increase then it’s not worth while view. But if they still maintain, and they help you to restructure the repayment, then it will still be okay, but the second point I like to make is that once you’re on AKPK list, which one of the way how AKPK prevent you from getting more loans or getting deeper into debt is they put you on a watch list so that you need to pay off all your loans before you can get new loan. So with that in mind, if you got a raise or , you actually managed to be able to pay PTPTN and also afford a property. If you are in the watch list, that will be one of the biggest challenges because you won’t be able to buy a property by taking a housing loan because you’re still on the watch list or until you finish settling the whole outstanding of your PTPTN. That is the reason why I do wanna encourage again, talk to PTPTN, ask them to see how you can reschedule the payment. Or if that doesn’t work, talk to us leave a comment to the comment section. And I will see how we can help you.