PTPTN – 1 loan, 3 banks?

March 28th, 2013 by poobalan | View blog reactions Leave a reply »
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And we thought technology makes thing easy 🙂

As far as I know, with the introduction of compulsory SSPN, you have to go to either Maybank, Bank Islam or Agrobank. While BSN is in charge of issuing PIN number. Not sure about the CIMB requirement, maybe the college or PTPTN puts the money there. Yeah, why not just give it to one bank, or better still, allow any bank for any of the services. It can be an hassle to get PIN number from BSN as there are not many branches around. Perhaps we should look into issuing e-PIN via ATM or online banking.


I WOULD like to highlight the hassle that we parents would have to go through for a simple PTPTN loan application.

My son entered college after the SPM results and would like to apply for a PTPTN loan.

We were told that the process to apply were as follows:

> Go to Bank Simpanan Nasional, pay RM5 for a PIN code/number;

> Next, go to Maybank to open a PTPTN special account;

> After Maybank, go to CIMB bank to open a savings account; and

> Only after that can we apply online for the PTPTN loan.

Could it be made easier?

Could the whole process be administered by one party only, say, CIMB bank.

Why make parents run around for a simple loan application?

Could the authorities look into this and simplify the application process?

We are living in an IT age, please give us a helping hand.


Puchong, Selangor



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