PTPK Targets RM450 Million In Loan Repayments For 2025 - Sim

KUALA LUMPUR, Feb 13  (Bernama) -- The Skills Development Fund Corporation (PTPK) is aiming for loan repayments to reach RM450 million this year, said Human Resources Minister Steven Sim Chee Keong.

He said PTPK successfully collected RM234.81 million in loan repayments last year, an increase of more than 50 per cent compared to RM157.29 million in 2023.

“Last year, PTPK provided education loans amounting to RM521.12 million to more than 25,000 borrowers.

“This year, we are targeting RM500 million in loans to be disbursed to at least 20,000 Malaysians,” he said at the launch of the PTPK 2025 Loan Repayment Promotion Campaign and the 2024 Mega Lucky Draw at the World Trade Centre Kuala Lumpur today.

Sim added that over its 25 years of establishment, PTPK has disbursed RM5.2 billion in skills training loans to 400,000 borrowers pursuing Technical and Vocational Education and Training (TVET) programmes.

Meanwhile, PTPK board chairman Ir Ts Zahir Hassan said the corporation has introduced six special loan repayment promotion campaigns and lucky draws to encourage borrowers to fulfil their repayment responsibilities while also standing a chance to win attractive prizes.

Zahir, who is also the MP for Wangsa Maju, highlighted several key initiatives, including the Mega Lucky Draw in celebration of PTPK’s Silver Jubilee, the MYPerkasa TVET Portal Lucky Draw, and special promotions tied to national celebrations and festive seasons.

To further ease repayments, PTPK is also rolling out promotions for full settlements via Employees Provident Fund (EPF) accounts, flexible repayment options using credit or debit cards, and exclusive lucky draws for borrowers who opt for salary deduction payments.

"I am confident that these efforts will bring positive results, and I sincerely hope we can achieve our loan repayment targets this year," he said.

-- BERNAMA