A total 1.25 million borrowers who failed to repay their National Higher Education Fund Corporation (PTPTN) loans have been listed in the Central Credit Reference Information System (CCRIS).

PTPTN chairman Datuk Shamsul Anuar Nasarah said the hardcore borrowers were not only listed in CCRIS by PTPTN but by numerous other financial institutions.

"Some of the borrowers from PTPTN also failed to pay up their loans to other financial institutions. Actually, CCRIS is not aimed at blacklisting the names of theborrowers butto enable other financial institutions to look at the borrowers' recordsforcredit affairs," he told reporters after launching the National Education Scheme (SSPN-i) Plus, here, Saturday.

He said PTPTN started listing the hardcore borrowers in the information system in stages since June 16 last year aimed at encouraging borrowers to be more disciplined and responsible in repaying loans.

He said borrowers who hadpoor payment recordrisked difficulty in obtaining loan approval from all financialinstitutions includingfor personal loans, credit cards, housing and vehicle.

In another development, Shamsul Anuar said PTPTN targeted RM2 billion to be deposited into its new product SSPN-iPlus, which was introduced since June last year, by 2020.

To date, he said 7,237 SSPM-iPlus accounts had been opened involving a deposit of RM534,000 and expected another 30,000 more accounts would be opened by the end of the year.

He said depositors in SSPN-iPlus could opt for numerous packages in salarydeduction includinga package as low as RM50 a month together with other advantages.

He said, in conjunction with the first year of the launching of SSPN-iPlus, PTPTN alsoorganiseda lucky draw for depositors with prizes of a RM500,000 apartment, a BMW car and a Honda CRV and other items worth RM3 million.

SSPN-iPlus, is the best saving plan, combining education saving and a cheap and comprehensivetakafulprotection package.