Amendment status not verified — confirm the current text below against the official source.
Repayment of loans - Every loan granted under this Act shall bear interest from such date and at such rate as the Government may, in each case or class of cases, determine and shall be payable in installments within such period from the date of the actual advance of the loan, or where the loan is advanced in installments, from the date of payment of the last installment, as may be fixed by the order granting the loan: Provided that the period so fixed shall not exceed ten years unless the Government, by general or special order, extend the loan period.