All loanees are required to start repayment after a period of one year on completion of studies, or within such a period as the Board may decide to recall the loan whichever is the earlier (Section 15 HELB Act).
Loanees have the following obligation under the act: -
- To inform the Board of his/her contact addresses (section 15 (a) HELB Act).
- To begin repayment of his/her loan together with the any interest accrued thereon (Section 15(b) HELB Act)
- To Facilitate the deduction and remittance of the loan to the Board – (Section 15 (c) HELB Act).