4.
| (1) The manager of the appropriate specified bank who receives a list of names of students sent to him under the provisions subsection (3) of section 3 may, subject to the provisions of this Act, grant loans to any or all such students. |
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| (2) A loan granted to any student under subsection (1) shall be upon a written undertaking given by such student to repay such loan, together with a guarantee given by the parent or guardian of such student or any other person to repay such loan. |
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| (3) The written undertaking referred to in subsection (2) shall include a promissory note granted to, and the loan application made to, the appropriate specified bank. |
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| (4) The terms and conditions subject to which the appropriate specified bank may grant loans under subsection (1) other than the conditions referred to in subsections (2) and (3) shall be determined by such bank. |
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Sri Lanka Consolidated Acts