D
Loans
Disbursement
The release and transfer of loan funds to the borrower's bank account after a loan has been approved and all conditions have been met. Disbursement typically happens within 24 to 48 hours for personal loans in South Africa, though some lenders offer same-day disbursement.
Usage Examples
"After signing the loan agreement, the disbursement of R50,000 was in her account within 24 hours."
"Loan disbursement can be delayed if the lender requires additional documents like a stamped bank statement."
"Some lenders deduct the initiation fee from the disbursement amount, so you receive less than the approved loan value."