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The two comparison items, Direct and EFT, are generally mutually exclusive.

Direct loans are loans that are provided directly from a lender to the borrower without the use of a third-party.

Electronic Funds Transfer (EFT) is a generic description for moving funds between computer systems.

Most direct loans are disbursed to borrowers via EFT (typically into a personal checking or savings account).

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Q: What is the difference between a direct loan and an EFT loan?
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