Period for repayment of loans for relief of distress

Period for repayment of loans for relief of distress.

1. (1) Every loan granted under this Act for relief of distress shall be made repayable by instalments within such period from the date of the loan of the advance actually made, as may be fixed by the officer granting the loan.
2. (2) The period for repayment, fixed as aforesaid in respect of loans for relief of distress, shall not exceed 10 years having regard to the capacity of the grantee to pay.