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Rural and Regional Adjustment Regulation 2011
sch.1-sec.7Terms of repayment
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### sch.1-sec.7 Terms of repayment
Repayment of principal and interest on a loan granted to an applicant under the scheme will be—
initially calculated using a period of up to the maximum term of the loan; and
tailored to the applicant’s individual requirements based on the applicant’s income patterns.
The authority may give the applicant a period of not more than 10 years to make interest only repayments.
sch 1 s 7 amd 2016 SL No. 183 s 5 ; 2024 SL No. 153 s 5
(sch.1-sec.7-ssec.1) Repayment of principal and interest on a loan granted to an applicant under the scheme will be— initially calculated using a period of up to the maximum term of the loan; and tailored to the applicant’s individual requirements based on the applicant’s income patterns.
(sch.1-sec.7-ssec.2) The authority may give the applicant a period of not more than 10 years to make interest only repayments.
- (a) initially calculated using a period of up to the maximum term of the loan; and
- (b) tailored to the applicant’s individual requirements based on the applicant’s income patterns.