Loan Disbursement Timeline
- Loan Agreement Signing - This is the first step where the borrower and lender agree to the terms of the loan.
- Loan Amount Calculation - The loan amount is calculated based on the borrower’s needs and eligibility.
- Disbursement Options - The borrower is presented with various options for receiving the loan amount.
- Processing Time - This is the time taken to process the loan application and prepare for disbursement.
- Disbursement Date - This is the date when the loan amount is disbursed to the borrower.
- Notification - The borrower is notified about the loan disbursement and other relevant details.
- Repayment Commencement - This is when the borrower starts repaying the loan as per the agreed schedule.