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30pc discount for Perak education loan settlement from July 1-Nov 3
IPOH: Some 4,000 borrowers of the Perak State education loan will be given a 30 per cent discount if they settle their loans within the next five months.
They owe the state government some RM40 million in total since the facility was introduced in the early 1970s.
Menteri Besar Datuk Seri Dr Zambry Abd Kadir said those who made the full settlement between July 1 and Nov 30 would enjoy the 30 per cent cut.
“This is a special offer and an incentive.
“Once the money is paid it will be used to help other needy students," he said after chairing the weekly state executive council meeting here yesterday.
Zambry said those who had the earnings should make full use of the opportunity given.
On another matter, Zambry said the state government had decided to waive the business licence fees for traders operating during the Ramadan month, which is expected to begin later this month.
This is the second consecutive year the traders are exempted from paying the business licence fees.
Traders only needed to pay for the rental of sites to carry out their businesses.