Скачать или смотреть What is key fact statement?

No more hidden charges! 💰

This move will give borrowers information about the actual annualised interest rate that they pay on the loan. The actual annualised interest rate will also include one-time charges and other charges that are levied by the banks and NBFCs.

The Key Fact Statement, also known as KFS, is a document issued by the banks and NBFCs to inform inform the borrowers about all the terms and conditions, charges, interest rate about the loan. It should mention Annual Percentage Rate, processing fees, penalties, various loan charges etc. A KFS was mandatory for individual loans. Now, all regulated entities must provide the KFS to all retail and MSME borrowers.

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