Key Fact Statement (KFS)

A Key Fact Statement (KFS) is a standardized, easy-to-read summary of the key terms of your loan, mandated by the Reserve Bank of India for all digital lending. It sets out, in one place, the amount you will actually receive, every fee and charge, the interest, the total amount you must repay, and the Annual Percentage Rate (APR), the all-in annualised cost of your loan.

Maxemo Capital Services Pvt. Ltd. (operating the PocketBuddy platform; CIN U65999DL2019PTC347499) presents your personalised KFS to you for review, and requires your explicit acceptance, before any loan is disbursed.

The following is an illustrative KFS for a ₹25,000 loan over a 30-day tenure. Your actual figures depend on the amount and tenure you choose and will be shown to you before you accept.

• Net amount disbursed, the amount actually credited to your bank account after deducting the processing fee and GST.
• Total amount repayable, principal plus interest, due as a single repayment at maturity.
• Annual Percentage Rate (APR), the all-in annualised cost of credit on the amount financed, including fees and interest.
• Penal / delay charge, the additional charge applied per day on any overdue amount.

The figures above are representative only. When you apply, a KFS computed from your chosen loan amount and tenure is displayed during the application, and you must explicitly confirm that you have read and understood it, including the APR, fees, and cooling-off period, before your application is submitted. For complaints relating to your loan, please see our Grievance Redressal mechanism.