{"id":34845,"date":"2018-06-29T14:53:48","date_gmt":"2018-06-29T06:53:48","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=34845"},"modified":"2018-06-29T14:53:48","modified_gmt":"2018-06-29T06:53:48","slug":"ptptn-travel-ban","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/ptptn-travel-ban","title":{"rendered":"Travel Ban Lifted For Blacklisted PTPTN Borrowers"},"content":{"rendered":"
The travel ban imposed on all 429,945 National Higher Education Fund Corporation (PTPTN) loan defaulters has been lifted.<\/p>\n
The exercise to remove the travel ban from these borrowers was completed on June 8, as week earlier than scheduled.<\/p>\n
PTPTN chairman Wan Saiful Wan Jan said some 1.8 million PTPTN defaulters were now allowed to travel overseas and renew their passports without any restrictions.<\/p>\n
He said this was also in line with the government\u2019s 100-day manifesto. However, borrowers must still service their education loans.<\/p>\n
The exercise was carried out in stages from May 24, while the practice of listing all PTPTN borrowers in the Central Credit Reference Information System (CCRIS) is still ongoing.<\/p>\n
Thus, borrowers will not be blacklisted but their repayment records will still be reflected in the system.<\/p>\n
\u201cIf borrowers have a bad credit record, they will face difficulties in applying for personal loans, hou\u00adsing loans and car loans, as financial institutions look at a person\u2019s credit history before approving loans.\u201d<\/p>\n