Category FAQs Search : Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN)
Question: If the borrower dies and has an excess repayment, how can a claim for excess loan repayment be made?
Answer: In the case of the borrower's death, the method of returning the excess loan repayment are as follows :
1. For the amount of excess repayment that is less than RM3,000 – the guardian must fill in and sign the PTPTN Loan Repayment Excess Liability Bond as well as related documents that are legally binding ; and
2. For excess repayment amounting to RM3,000 and above – The guardian must submit the original document or a copy of the following document :
-Grant of Power of Administration/ Grant of Probate (Petition under the Probate and Administration Act 1959) issued by the High Court of Malaya; or
-Administrative Power of Attorney issued by the Land and District Office; or
-Administrative Power of Attorney issued by Amanah Raya Berhad, Section 17 of the Amanah Raya Corporation Act 1995 (Declaration / Instructions).
(Source: Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN), 03 Dec 2024)
Source Link: https://ptptn.gov.my/en/soalan-lazim/