Your repayment start date depends on when the loan is actually disbursed to the borrower (not when you lend the money).
If the loan is disbursed between 1st to 20th:
Repayments start from the 1st of the next month
If the loan is disbursed after the 21st:
Repayments start from the 1st of the month after next
Example: Suresh lends on 20th June, but the loan is disbursed on 22nd June. Since it’s after the 21st, repayments start from 1st August.
For daily repayments (EDI): EDI repayments begin within 24 hours of disbursement