When a loan is granted, the amount can be disbursed in several ways. In the “Disbursement Option” settings, you can define how and where the funds will be disbursed.

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Multiple disbursements (credit line)

Enable the “Multiple disbursements (credit line)” toggle to convert your Credit Product into a Credit Line, allowing for multiple disbursements up to a set limit.
For instance, you can set a Credit Line Limit of $1,000 and specify an Initial Disbursement amount. Borrowers can draw funds as needed within this limit, with the repayment schedule adjusting accordingly. Interest and fees are based on the outstanding balance, providing flexibility for the management of finances.
Additionally, back-office users can modify the credit line limit as necessary, ensuring the repayment schedule updates to reflect any changes. For more details, see Credit Lines.

Disbursement Type

When setting up a Credit Product, you can choose from several disbursement types to determine how funds will be provided:

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