Disbursement
Definition
The actual release of loan funds to the borrower's account. Can be full (personal/car loan) or partial (home loan — disbursed in stages as construction progresses). Interest starts from the date of disbursement.
The actual release of loan funds to the borrower's account. Can be full (personal/car loan) or partial (home loan — disbursed in stages as construction progresses). Interest starts from the date of disbursement.