The amount you receive in your account is the disbursement amount. This is different from the loan amount, which is the total credit, including any applicable fees.
Here’s a quick breakdown:
- Loan Amount: The total sum approved, including disbursement and fees.
- Disbursement Amount: The actual cash transferred to you after deducting fees.
- Repayment Amount: The total sum you’ll need to repay on or before the due date, as stated in your loan agreement.