As mandated by RBI's Digital Lending Guidelines (Circular DOR.CRE.REC.66/21.07.001/2022-23, September 2022). This sample KFS illustrates what you will receive before executing any loan contract with TrueLine Credit.
The KFS is a standardised document that every digital lender in India is required by the RBI to provide to every borrower before executing the loan contract. It contains all essential terms: loan amount, APR, all fees, repayment schedule, cooling-off period, and grievance officer details — so you can make a fully informed decision. No fees not listed in the KFS can be charged.
Adjust the loan amount and tenure below to see an indicative KFS. Your personalised KFS will be delivered via email/SMS before contract signing.
| KEY FACT STATEMENT (ILLUSTRATIVE) TrueLine Credit | Short-Term Payday Loan (Single-Pay) | |
|---|---|
| Date | |
| Regulated Entity (Lender) | TrueLine Credit (NBFC Reg. No.: [YOUR REG. NO.]) |
| Applicant Name | [Applicant Name] |
| (i) Loan Amount (disbursed/to be disbursed) | |
| (ii) Total Interest Charge (entire tenure) | |
| (iii) Other Up-front Charges | |
| (a) Processing Fee | |
| (b) GST on Processing Fee (18%) | |
| (iv) Net Disbursed Amount [(i) – (iii)] | |
| (v) Total Amount to be Paid by Borrower | |
| (vi) Annual Percentage Rate (APR) | |
| (vii) Tenure | |
| (viii) Repayment Frequency | Single Payment (Payday) |
| (ix) Number of Instalments | 1 |
| (x) Repayment Amount | |
| (xi) Due Date | |
| Details About Contingent Charges | |
|---|---|
| (xi) Rate of Annualised Penal Charges (delayed payment) | 24% p.a. (2% per month) on overdue outstanding amount |
| (xii) Cheque / NACH Bounce Charges | ₹500 per instance |
| Prepayment / Pre-closure Charges | Nil |
| Other Disclosures (RBI Mandated) | |
|---|---|
| (xiii) Cooling-off / Look-up Period | 3 days from disbursement (for tenures ≥7 days). Exit by repaying principal + proportionate APR — zero penalty. |
| (xiv) Recovery Agent Details | Direct recovery managed by TrueLine Credit. Third-party recovery agents (if any) will be communicated to borrower before engagement. |
| (xv) Nodal Grievance Redressal Officer |
Name: [Grievance Officer Name] Designation: Nodal Grievance Redressal Officer Email: grievance@trueline.credit Phone: +91 9X XXXX XXXX Address: [Registered Office Address] |
| RBI Ombudsman Escalation | If unresolved within 30 days, escalate to: cms.rbi.org.in |
| Sachet Portal (RBI) | sachet.rbi.org.in |
You'll receive your personalised KFS before signing any agreement.
Transparent charges. Instant decision. Direct bank disbursal.
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