Disbursement INQUIRY

DisbursementDisbursement is the process by which the sanctioned loan amount is paid to the customer or seller (on behalf of the customer). of the loan amount depends on the type of loan product availed by the customer. Few of the loan products such as personal loan and auto loan have single disbursement policies. Certain loan products such as housing loan, education loan have multiple disbursement policies.

In case of multiple disbursements of loan product, customer needs to know the disbursement details of the loan account. This feature allows the customer to view the disbursement details such as disbursed amount, disbursal date and sanctioned amount. It helps the customer to analyze the current position of the loan account as to how much is disbursed and how much yet to be disbursed.

How to reach here:

Dashboard > Accounts > Loans > Disbursement Inquiry

OR

Dashboard > Accounts > Loans > Overview > Quick Links > Disbursement Inquiry

To view disbursement details of a loan account:

1. From the Select Account list, select appropriate account number.
   The disbursement details appear on the screen.

Field Description

Field Name	Description
Select Account	Loan account number in masked format.
Sanctioned Amount	Sanctioned loan amount along with the currency.
Disbursed Amount	Disbursed loan amount along with the currency as on the date of inquiry.
Date	Disbursement date. Note: If there are multiple disbursements in the account, the last disbursement will be displayed first and others accordingly in that order. The last entry in this list should be of the first disbursement date.
Amount	Amount disbursed as on the respective disbursement dates.

2. Click OK to complete the transaction.

FAQs

Can I avail of a partial disbursement?

The loan amount would be disbursed at one go. An option for partial disbursement is not available.

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