Policies
Sample Key Fact Statement
An illustrative example of the Key Fact Statement you receive before signing.
What is a KFS?
The Key Fact Statement is a standard-format summary of your loan, issued by the lender before you sign. It shows the loan amount, interest rate, all fees and charges, APR, repayment schedule, cooling-off period and grievance contacts. No charge that is not in the KFS can be levied.
| Item | Illustrative value |
|---|---|
| Loan amount | ₹20,000 |
| Tenure | 9 months |
| Interest rate (reducing balance) | 18% per year |
| Processing fee | ₹400 + 18% GST (₹72) |
| Monthly EMI | ₹2,392 |
| Total interest | ₹1,530 |
| Total amount payable | ₹22,002 (EMIs + fee + GST) |
| APR | about 24.0% per year |
| Cooling-off period | As stated by the lender (minimum 1 day) |
This is an illustration only, not an offer. Your actual KFS is generated by the lender for your loan.