Loan disbursement refers to the process by which a lender releases funds to a borrower after a loan application has been approved. This process typically involves several steps: Approval: Once the loan application is submitted, the lender reviews the borrower's creditworthiness, income, financial history, and other relevant factors to determine whether to approve the loan. Documentation: After approval, the borrower is required to submit certain documents such as identification proof, income proof, property documents (in case of secured loans), etc., as per the lender's requirements. Loan Agreement: The borrower signs a loan agreement detailing the terms and conditions of the loan, including the repayment schedule, interest rate, fees, and any other relevant terms. Disbursement: Once all necessary documentation is verified and the loan agreement is signed, the lender disburses the loan amount to the borrower. This can be done through various methods such as electronic transfer to the borrower's bank account or issuing a cheque. Repayment: The borrower is then required to repay the loan amount according to the terms outlined in the loan agreement, including the repayment schedule and interest payments. It's important for borrowers to carefully review the terms of the loan agreement and ensure they understand their obligations before accepting the loan disbursement. #tcm https://g.co/kgs/EWruJK https://tcmservicemart.com