There is an option to defer making your first repayment by 12 months if you are repaying your loan monthly. This 12-month period begins once the loan is drawn down.
Interest will be charged on your loan from the date of your first draw down and continue to be added to your loan balance on a quarterly basis.
By deferring your repayments for 12 months, you will pay more interest over the term of your loan than if you had started repayments at the beginning.