chuisan

Woo…it would be a great news for me, coz i would save around few thousands ringgit on the so called admin cost ( i would rather call it interest).Well, if the new interest is to be applied on the current formula, and the term ‘flat rate’ means the ‘kadar purata’ payment based on the loan balanced,then it will really benefit us.But if the interest calculation based on the lump sum amount for the whole repayment tenure,i think the interest accumulated from the new calculation might end up same with the old interest incurred on us (maybe the only benefit is for those who nvr pay back the loan).Let see the announcement by PTPTN at the end of year.

Just google for the PTPTN new calculation,then i come across this forum,http://www.shukur.org/v4/component/option,com_smf/Itemid,105/topic,18761.msg53277/

Now i juz realize why most of the ppl from tat group are not willing to pay back the loan, and how unsatisfied they are towards the admin cost charge by PTPTN. Try to follow this ajaran Islam.

"Sekiranya kos pentadbiran itu bukanlah berbentuk riba, ia tidak menjadi apa- apa masalah. Tetapi kalaulah jelas ia adalah riba, walaupun ia hanyalah empat peratus dan kini telah diturunkan menjadi tiga peratus, ia bukan sahaja bertentangan dengan ajaran Islam, tetapi membawa kepada implikasi yang cukup membimbangkan." ……

"Tetapi apakah kos pentadbiran itu riba sebenarnya?

Ada tiga syarat yang menjadikan sesuatu pinjaman itu berbentuk riba. Pertama, wujudnya lebihan daripada jumlah pokok pinjaman; kedua, penentuan lebihan ini berkaitan dengan tempoh masa; dan ketiga, persetujuan terhadap syarat lebihan ditentukan terlebih dahulu oleh pemberi pinjaman.

Kaedah perkiraan kos pentadbiran yang dikenakan oleh PTPTN nampaknya memenuhi ketiga-tiga syarat ini. Pertama, tiga peratus kos pentadbiran itu merupakan lebihan daripada jumlah pokok pinjaman. Kedua, ia melibatkan satu tempoh masa. Dan ketiga, pemberi pinjaman, iaitu PTPTNlah yang menentukan lebihan tersebut."

According to the above said, we should not pay for the interest since it breaches the Islamic teaching.Phew! then i wonder, what will the PTPTN staff get for their salary? Does PTPTN distribute the loan according to Islamic rule? Maybe it is the reason PTPTN makes it clear as admin cost instead of interest? Will all the borrowers pay back faster if PTPTN admin cost has been abrogated? ( My mom always ask me, since the interest 3% only, then you juz put ur saving to FD to earn 0.7% more, no need to pay first.:P)

"lagi teruk drpd bank. personal loan pon tak seteruk tu. aku dah calculate…" — I wonder why he still want to get from PTPTN if the bank offer better rate. Supposingly he din do a good survey on the loan.Padan muka.

Dear PTPTN,
Thanks for approving my loan.Without you, i can’t survive in MMU for 4 yrs. During the time i signed the loan agreement, the admin cost was 4% pa. Then it reduced to 3% pa after i made my first payment.And now, i m really glad to hear that it has been reduced to 1% start from June 08 . I think i would have saved for the admin cost around 4-5k when i settle my loan.

Well, for the past 3 yrs, i was really tension becoz of the high (for me ) admin charge, i forced myself to pay back every cents i got (only left 1 ringgit, becoz the account balance cannot be 0)…….wah….suffering….no entertainment,no shopping,no facial….really a dull life…

Now,really thanks for your effort to decrease the charge, so that i can start enjoy my life now..hahaha….i am going to pay back slowly….(so, after the implementation of new charge, i think most ppl will keep delaying in payment.Of course if i got bank loan, i will settle my bank loan first,rather than the loan with only 1% charge)

Thank you.

Regard,
CCS

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