PTPK Loans

Skills Development Fund Corporation (PTPK) is a department under the wing of the Ministry of Human Resources. PTPK loan is a form of special loan to students who are studying skills programs at Government Training Providers (PLA) and Private (PLS) that obtain the approval and quota given by PTPK. PTPK provide loans for school leavers and workers.

PTPK Loan Requirements – For Applicant

1)

The applicant must comply the following:

• a. a Malaysian citizen;
• b. at the eligibility age between 15 to 45 years for fulltime studies for skill Level 1 to 5;
• c. the applicant is studying at Training Providers registered with PTPK;
• d. the applicant is studying the Malaysian Skills Certificate (SKM) and DKM full time;
• e. the applicant is not a school children or student taking courses in other IPTA or IPTS (Public or Private Institute of Higher Learning);
• f. family monthly income is not more than RM5,000.

2)

Do not receive any sponsorship or loan from government agencies or other financial institutions.

3)

Programs or courses MUST be approved by PTPK.

4)

The applicant MUST register with the Department of Skill Development (DSD)

5)

The applicant shall open a CIMB Bank Conventional account.

PTPK Loan Requirements – For Guarantor

1)

Only one Guarantor is needed.

2)

Guarantor must be a Malaysian citizen and not declared bankrupt.

3)

Aged 21 years old and above and not more than 50 years old when trainee starts training.

4)

Monthly income must not less than RM700.

5)

To submit ONE (1) copy of income evidence or latest payslip.

6)

Guarantor is NOT allowed to guarantee more than two (2) trainees for PTPK Loan at one time.

7)

Guarantor is NOT allowed to guarantee a new borrower in the event that the previous borrower still have arrears repayment.

8)

If the guarantor is self-employed or has no payslip / salary statement, the guarantor must submit the income declaration form that is CERTIFIED by:

• a. Employer
• b. Village Headman / JKKK Chairman
• c. Justice of the Peace (at Guarantor’s area)
• d. Assemblyman

9)

Form Statutory Declarations Act 1960 (Revised 1969) can be used if the guarantor does not have pay slips or to submit Financial Position Guarantor Declaration Form that is valid as in Para 7.
The Statutory Declaration Form can only be certified by:

• a. District Judge
• b. Magistrate
• c. Commissioner for Oaths

Exclusion
If the Guarantor is the parent or legal guardian (for trainees aged 21 years old and below ONLY), the guarantor’s age condition and income will be excluded.