Regulation 6

The granting of loans shall be in the discretion of the Commissioner who shall have regard to the member’s conduct and financial stability.

Loans to members may bear interest at such rate as the Commissioner may from time to time direct and shall be repayable by monthly instalments within such period as the Commissioner may in each particular case determine.

Loans shall ordinarily be repayable, with any interest, within two years and be so limited in amount that no monthly instalment shall ordinarily exceed 25% of the member’s monthly emoluments.