KUALA LUMPUR (May 11): Malayan Banking Bhd (Maybank) has been appointed a panel bank for Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN), which enables the bank to provide PTPTN loan disbursement services to students studying in both public and private universities.

In a statement today, Maybank said it has signed an agreement with PTPTN to formalise the appointment and is targeting to serve some 60,000 new undergraduates by 2018.

The bank has so far secured five participating universities under this PTPTN appointment, which will see it serving over 6,000 students.

Maybank head of community financial services Datuk Hamirullah Boorhan said the bank is confident that its PTPTN loan disbursement platform offering would gain traction this year, given the increasing acceptance by universities of the comprehensive services it offers to both the institutions as well as their student population.
 
Meanwhile, Universiti Teknologi Petronas (UTP) has formalised the appointment of Maybank as its panel bank for PTPTN, which makes Maybank the exclusive bank appointed by the university to provide PTPTN loan disbursements to its students.

Maybank also launched its seventh campus lounge, Maybank@UTP today.
 
The lounge, designed specifically for Gen Z and millennial students at university campuses, is part of Maybank’s initiative to expose the younger generation to the availability of seamless banking facilities, focusing on accessibility and convenience to fulfil their financial needs.
 
At the lounge, customers can sign up for a Maybank Personal Savers account with only RM10 initial deposit and enjoy other services such as applying for debit cards, Maybank2u and selected insurance and loan products.

In addition, Maybank@UTP will be a centre for various financial literacy events such as Maybank Money Matters and monthly talks on financial planning by financial experts.