Your first installment shall be due one (1) month from the date your loan proceeds are credited into your account. If the loan was disbursed on or before the 15th of the month, it will be due on the 1st of the following month. If it was disbursed after the 15th of the month, it will be due on the 1st of the second month after.
Example:
If the loan was disbursed April 14, the first payment will be due on May 1
If the loan was disbursed April 20, the first payment will be due on June 1
