After a loan is approved, the sanctioned loan amount becomes available for disbursement. To facilitate this, a Loan Disbursement entry is initiated.

To access the Loan Disbursement list, go to:

> Home > Loan Management > Disbursement and Repayment > Loan Disbursement

1. Prerequisites

Before creating a Loan Disbursement, you must create the following first:

• Loan

2. How to Create a Loan Disbursement

1. Go to Loan Disbursement List, click on New.
2. Select Loan against which the loan amount is to be disbursed. The Applicant Type and Applicant will be fetched from the Loan.
3. Enter Disbursement Date.
4. Enter Disbursed Amount.
5. Click “Save” to save the draft of the Loan Disbursement.
6. Click “Submit” to submit the Loan Security Pledge.

2.1. Other ways to create a Loan Disbursement

You can also create a Loan Disbursement from a sanctioned Loan via the Create button on the top right.

3. Features

3.1 Multiple Disbursements against a Loan

You can make several Loan Disbursements against a Loan until the sanctioned loan amount is exceeded.

3.2 Loan Topup

A Loan Disbursement can also occur when a portion of the loan amount is repaid, and there remains sufficient pledged security against the loan. This is referred to as a loan top-up.