The Key Fact Statement is a short, standardised document that sets out the total cost of your loan in plain language, in a format prescribed by the RBI. You see it on Tap4Loan and receive it by email before you accept, so that you can compare and decide without pressure.
Your KFS shows
- Loan amount, the amount actually disbursed to you, and the repayment date
- Rate of interest and the Annual Percentage Rate (APR), which includes all fees and charges
- Processing fee, GST and any other charge, itemised
- Penal charges in case of delayed payment, and how they are applied
- The cooling-off period and how to exit the loan within it
- Details of the lender — Golu Leasing & Finance Co. Private Limited, RBI CoR B-14.01773 — and of the Lending Service Provider, SVR Tech Solutions Private Limited
- Name and contact details of the Grievance Redressal Officer
- The recovery mechanism and details of any recovery agents
- A repayment schedule and the computation of APR
What it guarantees
No charge that is not mentioned in the KFS can be levied during the term of the loan without your explicit consent. If a figure on this website and a figure in your KFS differ, the KFS governs — it is specific to your loan.
Illustrative only
The calculator and representative example on this site show how a KFS is built, using the ranges approved under our Interest Rate Policy. They are not an offer.
Have not received yours?
If you accepted a loan and did not receive a KFS, or have a question about it, write to support@golufin.com or call +91 93114 80935.