MCQs 2026

The Key Fact Statement (KFS) is a mandatory document that must be provided to the borrower before the execution of the loan contract. It provides a standardized summary of the loan terms, including interest rate, fees, and other charges, to ensure transparency.

The guidelines mandate that loan disbursements must be made directly into the borrower's bank account by the Regulated Entity (RE), and repayments must also be made directly to the RE, without any pass-through to Lending Service Providers (LSPs).

The RBI's digital lending guidelines primarily aim to protect consumers from predatory practices, ensure transparency, and promote responsible lending by regulated entities and their lending service providers.

NEEDS_REVIEW

NEEDS_REVIEW

NEEDS_REVIEW