APPLICATION PROCEDURES
A Loan Vetting Committee of the Board will consider applications received and where appropriate, interviews the selected candidates prior to awarding the loan.
A. APPLICANTS ELIGIBILITY & CONDITIONS
1. Must be a Malaysian Citizen.
2. Applicant parents or legal guardians must be a TAM life member for atleast ONE year at the date of loan application.
3. The Applicant must possess at least 5 Credits in Sijil Pelajaran Malaysia (SPM) or in equivalent examination.
4. Only courses approved by the Department of Higher Education, Ministry of Higher Education and MQA will be eligible for consideration.
5. Applicant eligible to apply for the loan only upon completion of the First Semester of the Certificate, Diploma or Bachelors Degree program.
6. Those pursuing higher education in other countries can also apply for the loan subject to fulfilling all other terms and conditions as above except for condition No.4
7. Applicant must have obtained a minimum of CGPA 2.75 to qualify for the loan application.
8. Students who have attended at least 1 Moral Camp organized by TAM will be given higher priorities.
9. All applicant must also submit the required details and documents of ONE GUARANTOR (Immediate/family members can't be gaurantors)
10. For successful applicants, the guarantor must also be present for agreement signing.
12. All approved loans will only be disbursed upon duly completion and signing the LOAN AGREEMENT.
13. All application forms are required to be endorsed by the respective TAM Branch Chairman before submission.
14. Applicants are required to do the following upon duly completing the application:
i. Scan and email the completed application form and all required documents to tamfoundation@telugumalaysia.org AND
ii. To submit to TAM Foundation office by hand or courier or post a set of hard copy of the original application form together with all the required documents.
15. Duly completed application must reach TAM FOUNDATION (by email and hard copy SHOULD REACH BEFORE 31st JuLY 2025
B. LOAN AMOUNT PER YEAR
* The TAM FOUNDATION STUDY LOAN is offered to Students who are pursuing the following programs in any Public Universities, Private Higher Educational Institutions and Polytechnics in Malaysia.
* The loan amount varies according to the courses.
* The Loan amount to the borrower will be decided by the Loan Committee and it's Final.
C. LOAN REPAYMENT PERIOD
i. When to Pay
* Repayment should commerce 6 months after the completion of studies or 1 month after starting employment.
ii. How to Repay
* Repayment shall be made by monthly instalment according to the schedule given in the agreement. The schedule may be revised by the Foundation from time to time depending on the circumstances or upon the request of the borrower .
* Monthly payments are due on the first day of the month and payments should reach the Foundation's office least by the 26th day of each month failing which interest for late payment will be charged
D. INTERVIEW
It is mandatory for the candidate to attend the interview