Managing Financial Loans
Public Sector Housing Financing is a facility provided to eligible public sector employees to help them realise their dream of owning their own home. This facility is managed by the Public Sector Home Financing Board (LPPSA) , a statutory body under the Ministry of Finance Malaysia, which officially began operations on 1 January 2016 , taking over the role of the former Housing Loan Division (BPP) . Advantages of LPPSA Public Sector Housing Financing Fixed Interest Rate LPPSA offers a fixed interest rate of 4% per annum on the monthly reducing balance. Types of Financing (7 categories) Purchase of completed residential property Construction of a house on own land Purchase of residential property under construction Purchase of land for the purpose of building a residential property Settlement of an existing housing loan from banks/financial institutions ( refinancing ) Construction of a house on land already financed by LPPSA Renovation of a residential property where the purchase/construction was financed/settled through LPPSA housing financing Financing Tenure Up to 35 years , or not exceeding 90 years of age , whichever comes first. Financing Amount Up to RM750,000 , based on the applicant’s current net income and fixed allowances, calculated according to LPPSA’s eligibility guidelines.
PTPTN borrowers are responsible for repaying the education loan received as stated in the Loan Offer Document. Repayment is crucial to ensure that the PTPTN fund remains sustainable, enabling it to support other students in the future. Repayment period: Borrowers must begin repayment 12 months after completing their studies, without waiting for a repayment notice from PTPTN. No ujrah (service charge) will be imposed on borrowers who repay before the 12-month period. Ujrah (service charge) will be imposed starting from the 13th month. The repayment period is based on the outstanding loan balance.
MyPTPTN is an official digital application developed by the National Higher Education Fund Corporation (PTPTN) to enable users to access and manage various PTPTN services easily, quickly and securely via smartphone or website. Among the facilities of the MyPTPTN application View your loan balance and make payments directly in the app Open an education savings account digitally Add savings to your SSPN account easily Access official statements for reference or tax claims Request a deferral or restructuring of loan payments
