Institute of Science & Management  DK219 (S)     KP(JPS)5195/IPTS/1073/(8)
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Loan - PTPTN

PTPTN is set up with the objective of providing financial assistance to students following a programme of study at a higher education institution (HEI) in Malaysia. The PTPTN loan covers the tuition fees (full or partial) as well as living cost during the course of study.

Official Site:

Egibility for Application

To be eligible, applicant must fulfil the following conditions:

  1. Applicant must be a Malaysian citizen
  2. Age of applicant at the point of application must not exceed 45 years old
  3. Applicant must have successfully obtained an offer from a HEI registered with PTPTN
  4. Programme offered by HEI must be approved by the Ministry of Education and accredited by the Malaysian Qualification Agency (MQA)
  5. Applicant must not be a recipient of any other sponsorships
  6. For applicant who is in the middle of a programme, the remaining duration of study at the point of application must not be less than 1 year

Application Process

  1. Having received offer from HEI, applicant purchases a PTPTN number at RM 5 from any of the Bank Simpanan Nasional (BSN) branches. The PTPTN number may be purchased over the counter, through an ATM machine or through a Cash Deposit machine.
  2. Applicant opens the following accounts at Bank Islam:
    • SSPN-i Account
    • Saving Account
  3. Applicant submits an application online at within 6 months from the date of purchase of the PTPTN number.
  4. After the submission of application, applicant may check the status of application online starting from the sixth day of submission of application.

Note: If you need assistance with your application, please speak to your Head of Department.

Loan Amount

The repayment of PTPTN loan starts 6 months after the completion of a programme of study. From this point onwards, a flat interest rate of 1% per annum starts to apply.

Repayment period varies with loan amount as follow:

Loan Amount (RM) Repayment Period
10,000 and below 5 years
10,001 - 22,000  10 years
22,001 - 50,000 15 years
51,001 and above 20 years