How is the loan money disbursed? Will the bank pay my university directly?

loan disbursement

Once your loan is approved, you can provide the bank with any invoices presented by the university, and the bank will make the payment to the university directly on your behalf.

The banks will help you to make all payments until the total amount exceeds the maximum loan amount offered to you. Once a payment is made by the bank, the interest for the paid amount will start to accrue.