Skills Development Fund (PTPK) is a statutory body under the Ministry of Human Resources whose primary function is to provide skills training loans to individuals who undergo training in Public Training Provider (PLA) and Private (PLS) was commissioned by the Department of Skills Development and registered with PTPK This training is open to coaches training program according to Malaysian Skills Certificate (SKM), the Malaysian Skills Diploma (DKM) and the Malaysian Skills Advanced Diploma (DLKM).
Conditions for Loans Malaysian SKM training program for Level 1 to 3, DKM and DLKM for Level 4 to Level 5 and another program approved by PTPK The applicant is between 15 to 45 years Do not get financial assistance from other agencies.
Full-time study within the stipulated period. Family income not exceeding RM 5,000.00 per month. Submit a guarantor. Lending Rates The lending rate between RM 2,500 to RM 24,000 depending on the program and the level of training include: - Tuition fees. Subsistence allowance of RM 400 per month during the training period. Premium paid for insurance coverage. An administration fee of 3% will be charged on a reducing balance basis.
Terms Guarantor Malaysian A guarantor monthly income of not less than RM700 a month, at least 21 years of age and not more than 50 when the coach started training. If the guarantor is a mother / father / legal guardian / terms of age and income are excluded. A guarantor cannot vouch for more than two (2) students unless the mother / father / legal guardian.
Not declared bankruptcy. Skills Training Loan Payment Methods Borrowers need to open an account CIMB Bank Berhad (conventional) Loans will be disbursed directly to the borrower's account sect auto pay and payment of tuition fees to the account of Training Providers generated direct debit. Loan Repayment begins after six (6) months after graduation.
The repayment terms of between one (1) to ten (10) years. Monthly instalments between RM84.69 to RM 193.12, subject to a number of loans approved.