Loan KFS & Loan-Offer Checklist

Use this as a comparison worksheet. The lender’s current documents remain the source of truth.

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Record the offer

Sanctioned amount (₹)

Interest rate (%)

Tenure (months)

Processing + other fees (₹)

Checklist: Verify the disclosed rate and repayment schedule; look for applicable fees and charges; check whether the loan is fixed or floating; review reset terms where applicable; confirm prepayment/foreclosure provisions; and keep the KFS/sanction documentation you received.

I compared the KFS with the sanction/loan agreement.
I understand the rate type and reset mechanism, if any.
I checked charges, late/penal charges and prepayment terms.
I checked the repayment schedule and total payable amount.
I have enough cash-flow margin for irregular expenses.

RBI reference

RBI’s framework includes a Key Facts Statement for covered loans. RBI guidance also addresses borrower communication around floating-rate EMI-based personal loans and penal charges.

RBI lending/KFS source · RBI FAQ