What is the Key Facts
Statement (KFS)?
The Key Facts Statement (KFS) is a mandatory document that provides borrowers with clear, standardized information about their loans, including crucial details such as the loan amount, interest rate, fees, charges, and repayment schedule. The KFS is essential for enhancing transparency, reducing information asymmetry, and empowering borrowers to make informed financial decisions.
Simplify Your KFS Compliance with
Expert Assistance
Achieve complete compliance with RBI’s Key Facts Statement (KFS) guidelines seamlessly. Our expert KFS Compliance Assistance service helps banks, NBFCs, and other financial institutions navigate the complexities of RBI requirements, ensuring transparency, protecting borrower interests, and avoiding costly penalties.
Why KFS Compliance
Matters
The RBI requires the Key Facts Statement (KFS). This mandatory document provides borrowers with clear, standardized information about their loans, including the loan amount, interest rate, fees, charges, and repayment schedule. Compliance with KFS guidelines is crucial for enhancing transparency, reducing information asymmetry, and fostering trust between lenders and borrowers.
Non-compliance Risks
Our KFS Compliance Assistance focuses on several key objectives to ensure that your
institution meets all regulatory requirements
Enhancing
Transparency
We ensure borrowers fully understand their loan terms through transparent and standardized presentations.
Standardizing Information Disclosure
We adhere to RBI guidelines to ensure that your KFS documents maintain consistency across all financial products.
Protecting Consumer Interests
Our services ensure that all fees, charges, and penalties are clearly outlined, safeguarding borrowers from hidden costs.
SignDesk offers a streamlined approach to managing financial products’ Key Fact
Statements (KFS). Here’s how we can benefit your institution
Configuring KFS
Templates
We configure KFS templates tailored to your needs, ensuring full regulatory compliance and alignment with your brand.
Bulk Processing
Capability
Generate KFS documents in bulk, saving time and resources while maintaining efficiency across large volumes.
Integrated Signing With Unique Loan A/C Numbers
Cultivate strong leadership capabilities within your organization with our leadership development.
Minimize the risk of penalties and operational
restrictions due to non-compliance.
Enhance borrower confidence with clear and
transparent loan disclosures.
Save time and resources by outsourcing your KFS
compliance needs to our experts.
Ensure your KFS documents meet all current RBI
guidelines and are ready for future regulatory changes.
Our KFS Compliance Assistance is
ideal for the following
Don’t let KFS compliance challenges slow down your business. Let our experts handle the complexities of RBI guidelines so you can focus on delivering exceptional financial services. Contact us today to learn more about our KFS Compliance Assistance services and how we can help you achieve full compliance with confidence.