Sch 5, s 9
CurrentTerms of repayment
9 Terms of repayment
(1)
The term of a loan under the scheme is the term decided by the authority up to a maximum of 7 years.
(2)
During the first 2 years of the loan term, the authority must defer repayments of the principal.
(3)
From the start of the third year of the loan term, the applicant must make the principal repayments decided by the authority.
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