> ## Documentation Index
> Fetch the complete documentation index at: https://docs.fincode.technology/llms.txt
> Use this file to discover all available pages before exploring further.

# Disbursement & Withdrawal

Disbursement is the final stage of the loan origination process where funds are released to the customer. Our platform utilizes a wallet-based disbursement model to ensure speed and control.

## The Disbursement Process

Once a customer accepts a loan offer, the application is queued for disbursement.

### 1. Wallet Creation

Upon the admin triggering disbursement:

* The system automatically creates a **virtual wallet account** for the customer if one does not already exist.
* This wallet serves as the destination for the loan proceeds.

### 2. Fund Crediting

* The approved loan amount is credited to the customer's wallet.
* The loan status changes to `DISBURSED`.
* The repayment schedule is activated.

<Card title="Check Balance" href="/api/lending/get-total-loan">
  Customers can view their total approved/disbursed loan amount.
</Card>

## Withdrawal Process

Customers cannot spend directly from the loan wallet; they must withdraw the funds to their personal bank account.

### Step 1: Add Bank Account

The customer must link a valid bank account to their profile.

1. **Select Bank**: Choose from a list of supported banks.
2. **Enter Account Number**: Input the 10-digit NUBAN.
3. **Verification**: The system verifies the account name against the customer's profile name to prevent fraud.

<CardGroup cols={2}>
  <Card title="Get Banks" href="/api/lending/get-available-banks">
    List supported banks
  </Card>

  <Card title="Verify Account" href="/api/lending/verify-bank-account">
    Verify account details
  </Card>
</CardGroup>

### Step 2: Initiate Withdrawal

The customer initiates a transfer from their wallet to their verified bank account.

* **Source**: Disbursed Loan Wallet.
* **Destination**: Verified Bank Account.
* **Amount**: Any amount up to the available balance.

<Note>
  **Withdrawal Fee**: A processing fee (e.g., 10 Naira) is automatically deducted from the withdrawal amount or the remaining wallet balance.
</Note>

### Step 3: Processing

The transfer is processed via our payment partners (e.g., Remita).

* **Instant**: Most transfers are instant.
* **Status Tracking**: Customers can track the status of their transfer.

<Card title="Track Transfer" href="/api/lending/transfer-history">
  View the history and status of withdrawal transfers.
</Card>

## Post-Disbursement

After disbursement, the focus shifts to repayment. The system will automatically track due dates and can initiate auto-debits if configured.

<Card title="Manage Loans" href="/api/lending/manage-loans">
  Customers can view their active loans and repayment schedules.
</Card>