HRS §210D-10
Loan terms and limits for qualified applicants
Read the official text at capitol.hawaii.gov ↗This section sets the basic terms for loans to qualified applicants. It limits the total loan amount, the loan term, the interest rate, and how long repayment can be delayed. The state director can allow a delay in starting repayment.
borrowers
The statute, as written — Terms of loans
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
Loans shall be made to qualified applicants with the following terms and conditions: (1) The amount of the outstanding balance on all loans issued under this chapter to any one applicant at any one time shall not exceed $250,000; (2) The maximum term of a loan shall not exceed ten years; (3) Each loan shall bear simple interest at a rate of not less than three and not more than ten per cent a year, depending on the nature of the loan; and (4) The commencement date for the repayment of the first installment on principal and interest of each loan may be deferred by the director of business, economic development, and tourism for a period not to exceed two years.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.