Key Fact Statement (Template)

Last updated: April 2026

Sample format of the Key Fact Statement (KFS) shown to every borrower before loan acceptance, as mandated by RBI.

1. Loan amount and tenure

Sanctioned limit: ₹[X]. Tenure: [N] months. Drawdown type: revolving credit line.

2. Interest rate

Annualised Percentage Rate (APR): [X]%. This includes interest, processing fees, and all other charges.

3. Fees

Processing fee: [X]% + GST. Late payment penalty: [X]%/month on overdue. Prepayment: nil.

4. Repayment schedule

Auto-debit via UPI mandate on salary credit date or as per agreed EMI calendar.

5. Cooling-off

[1–3] days from disbursal, with refund of fees minus proportionate APR.

6. Grievance

Nodal officer: [name], [email], [phone]. RBI Ombudsman: cms.rbi.org.in.

Prototype notice: These legal templates are placeholder drafts for the v1 prototype. Replace with counsel-reviewed text before any production use.