Ptptn Interest Rate 2017

The national higher education fund ptptn has announced a 4 dividend for the education savings scheme sspn i and sspn i plus for 2016.

Ptptn interest rate 2017. The annual 4 dividend ensures that the savings grow faster than that of regular savings accounts which have interest rates of less than 3. Since march 2020 the reserve bank has also set a target for the yield on 3 year australian government bonds. Perbadanan tabung pendidikan tinggi nasional tingkat bawah menara ptptn blok d megan avenue ii no 12 jalan yap kwan seng 50450 kuala lumpur. According to ptptn the number of sspn1m accounts opened to date is 3 2 million with deposits amounting to about rm3 3 billion.

The latest ptptn interest is calculated using a 1 flat interest rate. This rate is the same as previous payout for 2015 and 2016. Let say your loan amounts to rm50 000 payable in 15 years. In 2017 the amount of deposits in sspn1m was rm727 40 million surpassing the original target of rm550 million with 447 039 new accounts opened by depositors.

20 corporate park 11 sinembe crescent sinembe office park la lucia ridge umhlanga 4051 south africa office. The 4 rate is based on the net returns on. What is the interest rate of the loan. Using the personal loan settlement calculator you will see that the savings you get for settling your loan in full is actually under 1 per year.

The reserve bank sets the target cash rate which is the market interest rate on overnight funds. 27 31 566 4510. Additionally ptptn aims to encourage this early savings habit by providing a matching grant of up to rm500. Interest rate decisions 2017.

03 2193 1263 e aduan. Ptptn chairman wan saiful wan jan said the dividend would involve an allocation of rm114 55 million and to benefit 3 91 million ptptn depositors. In addition students are required to obtain insurance on the amount borrowed and all the premium deductions will be made on their behalf by ptptn. Monday 13 feb 2017 8 03 am myt kuala lumpur.

The ptptn education loans are subject to a flat rate of upah ujrah of 1 per annum. Meaning that your children may not even need a study loan in the future. 2017 bahagian simpanan pendidikan.