A loanee shall be required, subject to and in accordance with HESLB Act 2005 or any regulations made there under,
within one year of completion of his studies or within such period as the Board decides to recall its loan whichever is
- To inform the Board of his/her contact address;
- To begin repayment of his/her loan together with any interest accrued thereon;
- If he is in formal employment, to authorize his employer to deduct the loan repayment and to remit it to HESLB as directed.