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, user may need to understand the disbursement details of the loan account. This feature allows the user to view the disbursement details such as disbursed amount, disbursal date and sanctioned amount. It helps him 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:
Field Name |
Description |
---|---|
Select Account |
Loan account number along with the account nickname in masked format. For more information on Account Nickname, click here. |
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 thus, the last entry in this list should be the first disbursement date. |
Amount |
Amount disbursed as on the respective disbursement dates. |