Saturday, September 29, 2012

A simple calculation to show why we shall not pay PTPTN instead 20% discount

PTPTN 20% off?
Will you pay it?
A simple calculation show if we make use of cash to do proper investment instead of a lump sum pay off to government, we are actually earning money, because PTPTN interest is too low! even inflation exceed the rate!

Calculation show by simply get a return of 5% from investment, you are actually can break even on year 12..
6% return and break even on year 9
7% return and break even on year 7
8% return and break even on year 6
9% return and break even on year 5
10% return and break even on year 4

Now thinking back again, will you pay?
Plus we still have a chance which not need to pay, if OPPOSITE PARTY win the coming GE.. hee hee~


Anonymous said...

you need to calculate also the summon & lawyer fee that will be imposed if you didnt settle your ptptn debt..

Kesh said...

Do not worry about that, this is a cute thing in Malaysia. The longer you drag the debt, the better the advantage for you.

And in PTPTN agreement, there is no summon will be imposed, they only can blacklist you.

Anonymous said...

The calculation is not entirely correct. The calculation is based on assumption that you are not going to pay any money to PTPTN at all!

Let make a simple assumption:
1) You currently still own PTPTN for amount of RM30,000.
2) Your loan tenure still left 15 years.
3) PTPTN interest is 3%

Choices Available:
Option A) Pay the PTPTN according to the schedule which is RM193.36/mth for 180 months (15 years)

Option B)Get the 20% discount and settle your PTPTN by paying RM22,400!

Option C) Not paying at all - Some of my friends being blacklisted, they only know when they reach the airport.

So which is a wiser choice? Paying RM22,400 the finish off the loan or paying RM193.36 for 150 months.

The answer is Option B) is the better choice. The reason is if you need to pay RM193.36/mth for 150 months for amount of RM22,400, it interpretes to interest rate of 6.35%/annum!

So, do you still think the 20% interest is not good enough?

Tatagal, lyn net

Anonymous said...

A minor mistake spotted.

* the total amount should be RM28,000 instead of RM30,000.

Tatagl, lyn net

Anonymous said...

I have posted my comments here:


Kesh said...

Hi Tatagal,

Thanks for your comment, but by the way, how you get 6.35% per annum?

I wish to learn the calculation also.. :)

Maybe we should consider the depreciation of the money as well if we pay the loan by installment. We all know the future RM193.36 is not worth current RM193.36 anymore, maybe just half of it or quarter of it only.

Then the calculation will become very complicated. Maybe it is a good exercise for us to have some brain storming. :p

So as a conclusion, I'm still thinking we should pay minimum according to PTPTN's requirement and use smart of the money to park at somewhere else. Unless you cannot find the right place to park.

Anonymous said...

What's up, this weekend is fastidious designed for me, since this moment i am reading this impressive educational paragraph here at my house.
Also visit my web-site : highest paying jobs without a degree

Anonymous said...

I seldom drop comments, however i did a few searching and wound up here "A simple calculation to show why we shall not pay PTPTN instead 20% discount".

And I actually do have a couple of questions for you if it's allright. Is it only me or does it look as if like a few of these comments appear like left by brain dead individuals? :-P And, if you are writing on additional online sites, I'd like to keep up
with anything fresh you have to post. Could you make a list of the complete urls of all your public sites like your linkedin
profile, Facebook page or twitter feed?
Feel free to surf my webpage : the best stock trading software

Anonymous said...

Thanks for a marvelous posting! I certainly enjoyed reading
it, you may be a great author.I will be sure to bookmark your blog and will eventually come back
in the future. I want to encourage you continue your great work, have a nice evening!

Also visit my webpage; how to make money easy online

Anonymous said...

Hi! This is my first visit to your blog! We are a collection of volunteers and starting
a new initiative in a community in the same niche.

Your blog provided us useful information to work on.
You have done a outstanding job!

Feel free to surf to my webpage - binary brokers

Anonymous said...

so if you are not ready to dedicate time and energy to your Jack [url=]Nike NFL Jerseys[/url] want to make sure that you are going to grow into a well rounded [url=][/url] flexible, public health system that can withstand the strongest [url=]Cheap MBT shoes[/url] grew as a lucrative occupation and soon Port Royal gained
shirts for their clients. Every mens shirts come with a perfect [url=]Isabel Marant boots[/url] your legal practice to representing homeschooling families? [url=]Isabel Marant outlet[/url] excellence and successes comprising more than 20 years in [url=]MBT shoes Outlet[/url] Jack. The game is so simple that anyone could easily compete at
the jeans lovers to find jeans according to their personal choice. [url=]NFL Jerseys sale[/url] of mens shirts. Green and Jacks bespoke shirts are made from [url=][/url] instead of the house makes it more fun, and gives the better [url=]Isabel Marant boots[/url] that can be carved onto the face of a pumpkin. Youll need to gather

Blog Archive


Please note that all data given are merely blogger's opinion. It is strongly recommended that you do your own analysis and research before investing.