5.
| (1) The manager of a specified bank who receives a list of names of students sent to him under the provisions of sub-section (3) of section 4, may, subject to the provisions of this Act, grant loans under this Act to any or all such students. |
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| (2) A loan granted to any student under sub-section (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 specified bank. |
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| (4) The terms and conditions subject to which the bank may grant loans under sub-section (1), other than the conditions referred to in sub-sections (2) and (3), shall be determined by such bank: |
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Sri Lanka Consolidated Acts