TEF-Rules-Regulation-Eng-2020

RULES AND REGULATIONS OF THE STUDY LOANS
FROM THE PCCCI TERTIARY EDUCATION FUND
[ Clause 3.1 (iii) (c) of the By-Law ]
1. Name : The Perak Chinese Chamber of Commerce and Industry (PCCCI)
Tertiary Education Fund.
2. Objectives : To provide assistance to undergraduates who are either
children of PCCCI members or their employees or PCCCI
affiliates or their employees to pursue and complete their
tertiary education in local institutes of higher learning.
The study loans shall be granted in the name of the donors
(committee members or organizations) to the Fund.
3. Amount : A successful applicant of the study loan from the Fund shall in an
academic year receive a sum of loan to meet the tuition fees required
for that year but the sum total shall not exceed RM 30,000.00 for
the whole course.
4. Duration : The duration of the course is 3 to 5 years. For those who are unable
to complete the course within the stipulated period, no additional
amount of loan will be considered.
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5. Qualifications
5.1 Children of PCCCI’s members or their employees or of PCCCI’s affiliate members
or their employees are eligible to apply.
5.2 The applicant must be a Malaysian citizen who has been successfully admitted as
a student or who is an undergraduate in an institute of higher learning in Malaysia
which is recognized by the Government of Malaysia.
5.3 The applicant must excel in his/her academic performance, be of good conduct,
active in co-curriculum activities and is enthusiastic to pursue higher studies.
5.4 Applicants who have obtained loan(s) from other organization(s) may also apply.
5.5 If the applicant is the child of a member’s employee, the employer member shall
so certify by signing and affixing his stamp/seal to the application form. Where the
applicant is the child of an affiliate member’s employee, the employer affiliate
member shall similarly certify with his stamp/seal to validate such application.
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6. Procedure for the Application
6.1 Applicant may collect a form personally from the Secretariat or may request for one
by post.
6.2 The form shall be completed and submitted together with a recent passport size
photograph, photocopy of Identity Card, copies of studentship and academic
results certified by the school concerned.
6.3 Applicant who has been enrolled in an institute of higher learning shall submit the
relevant notification of admission and copies of his/her school certificates or the
highest academic certificates or Unified Examination Certificates certified by the
school concerned.
6.4 Certified copies of parents’ or guardian’s income tax statement or employer’s
certified remuneration statement and copies of parents’ or guardian’s Identity Cards
must be submitted.
6.5 The completed application form together with documents as specified in paragraph
6.2, 6.3, and 6.4 above shall be submitted to the following address:
PERAK CHINESE CHAMBER OF COMMERCE AND INDUSTRY
No. 35 – 37, 3rd Floor, Jalan Tun Sambanthan,
30000 IPOH, PERAK DARUL RIDZUAN.
(Note : Please state ‘PCCCI Tertiary Education Fund’ at the top left hand
corner of the envelope. Apart from the requisite documents stated
above, no other documents are to be submitted.)
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7. Application Period
Application for the study loan is open from 1st June 2020 until 30th September 2020. Late
application will not be entertained.
8. Loan Agreement
8.1 Within two weeks from the date of receipt of a notice of the loan approval from
PCCCI, the successful applicant together with his/her parent or guardian and two
guarantors shall personally submit the relevant documents to the Secretariat and
sign an agreement, failing which he/she shall be deemed to have declined to
accept the loan.
If the guarantor(s) are not persons acceptable to PCCCI, qualified substitutes
thereof shall be appointed.
8.2 Upon completion of the course, the recipient shall repay the said loan to PCCCI in
accordance with the terms and conditions as stipulated in the said agreement. If
the recipient allows the repayment to fall into arrears for three (3) months, the
whole of the outstanding sum of the loan then shall become due and payable
forthwith.
Page 4 of 6
9. Receipt of the Study Loan
9.1 Upon receiving the loan, the successful applicant and his/her parents or guardians
shall sign an acknowledgement receipt for the same.
9.2 The recipient shall forward to PCCCI a certified true copy of the registration or
studentship document of each semester or academic year in the institute of higher
learning.
9.3 The recipient shall also submit his/her academic results and conduct report of the
previous semester or academic year before the commencement of the new
semester/academic year for PCCCI to examine and verify before the loan for the
new semester or academic year is released.
9.4 PCCCI reserves the right to terminate or discontinue the loan if it finds that the
recipient’s academic results are not satisfactory or if his/her conduct is bad.
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10. Repayment
10.1 Upon graduation or otherwise, the recipient shall commence repayment of the loan
in accordance with the loan agreement free of interest in the sum of not less than
RM 330.00 (Ringgit Malaysia Three Hundred and Thirty only) per month, Six
Months after leaving the institute of higher learning or Three Months after
being employed, whichever is the earlier. The recipient is at liberty to repay a
greater sum until full settlement of his/her loan. In the event of a default by the
recipient, the guarantors shall be liable to repay the loan pursuant to the terms and
conditions of the loan agreement.
10.2 After being employed, the recipient shall forward a certified true copy of his Income
Tax Return to the Secretariat of PCCCI.
10.3 The period of repayment shall commensurate with the duration of the loan; for
example, where the recipient is granted the loan for a course of Four Years, he/she
shall repay the full loan in four years by 48 equal monthly installments.
11. Addendum and/or Amendments
PCCCI reserves the rights to add to and/or to amend any of the above rules and
regulations.
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RULES AND REGULATIONS OF THE STUDY LOANS

FROM THE PCCCI TERTIARY EDUCATION FUND

[ Clause 3.1 (iii) (c) of the By-Law ]

1. Name : The Perak Chinese Chamber of Commerce and Industry (PCCCI)

Tertiary Education Fund.

2. Objectives : To provide assistance to undergraduates who are either

children of PCCCI members or their employees or PCCCI

affiliates or their employees to pursue and complete their

tertiary education in local institutes of higher learning.

The study loans shall be granted in the name of the donors

(committee members or organizations) to the Fund.

the whole course.

to complete the course within the stipulated period, no additional

amount of loan will be considered.

5.1 Children of PCCCI’s members or their employees or of PCCCI’s affiliate members

or their employees are eligible to apply.

a student or who is an undergraduate in an institute of higher learning in Malaysia

which is recognized by the Government of Malaysia.

active in co-curriculum activities and is enthusiastic to pursue higher studies.

applicant is the child of an affiliate member’s employee, the employer affiliate

photograph, photocopy of Identity Card, copies of studentship and academic

results certified by the school concerned.

relevant notification of admission and copies of his/her school certificates or the

highest academic certificates or Unified Examination Certificates certified by the

6.4 Certified copies of parents’ or guardian’s income tax statement or employer’s

certified remuneration statement and copies of parents’ or guardian’s Identity Cards

PERAK CHINESE CHAMBER OF COMMERCE AND INDUSTRY

No. 35 – 37, 3rd Floor, Jalan Tun Sambanthan,

30000 IPOH, PERAK DARUL RIDZUAN.

application will not be entertained.

sign an agreement, failing which he/she shall be deemed to have declined to

accept the loan.

If the guarantor(s) are not persons acceptable to PCCCI, qualified substitutes

thereof shall be appointed.

shall sign an acknowledgement receipt for the same.

studentship document of each semester or academic year in the institute of higher

previous semester or academic year before the commencement of the new

new semester or academic year is released.

recipient’s academic results are not satisfactory or if his/her conduct is bad.

being employed, whichever is the earlier. The recipient is at liberty to repay a

conditions of the loan agreement.

Tax Return to the Secretariat of PCCCI.

11. Addendum and/or Amendments

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