Digital Lending Platform • LSP CAPGROWTH FINTECH PRIVATE LIMITED
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Key Fact Statement (KFS) Information

Understand the 12 essential disclosure parameters in your standardized Key Fact Statement.

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Borrower Guidance

Key Fact Statement (KFS) Overview

The Key Fact Statement (KFS) is a standardized, regulatory document issued by the partner Bank / NBFC to the borrower prior to signing the digital loan contract. It highlights the fundamental terms and total annualized financial cost of credit.

RBI Directive on KFS: Under RBI Digital Lending Guidelines, lending institutions must provide a standardized KFS to every borrower before contract execution. Borrowers must review the APR and all charges carefully.

12 Critical Items to Verify in Your KFS

  1. Lender Name: The specific RBI-regulated Bank or NBFC underwriting and providing the credit facility.
  2. Approved Loan Amount: The gross sanctioned principal amount and net disbursal figure.
  3. Interest Rate: The annual nominal rate and calculation methodology (reducing balance).
  4. Annual Percentage Rate (APR): The comprehensive annual percentage rate representing total credit cost (including all interest and upfront fees).
  5. Loan Tenure: The duration of the loan (in months).
  6. EMI & Repayment Schedule: The exact monthly installment amount, due dates, and frequency.
  7. Processing & Service Fees: Upfront administrative fees deducted at disbursement or charged separately.
  8. Taxes: Mandatory statutory levies including 18% GST on fees.
  9. Penal Charges: Explicit, non-capitalized penal charges applicable on default/late payment.
  10. Total Amount Payable: The aggregate sum of principal, interest, and all fees payable across the term.
  11. Cooling-Off / Look-Up Period: The designated timeframe allowing you to exit the loan without penalty.
  12. Grievance Redressal Contacts: Contact information for the LSP and lender Grievance Redressal Officers.
Before Accepting Any Digital Loan: Confirm you understand
Loan Amount + APR + Tenure + EMI + Fees + Total Repayment + Applicable Charges

Borrower Verification Checklist

Before confirming your digital agreement with an OTP / e-Sign:

  • Verify that the lender name on the KFS matches the partner Bank/NBFC offering the loan;
  • Ensure the EMI fits comfortably within your monthly budget;
  • Check that there are no unexpected fees or ancillary product deductions;
  • Review the cooling-off period rules and lender grievance escalation channels.