Draft — not yet approved
This page is a structured draft. It has not been reviewed or approved by legal counsel and must not be relied on as a final policy. Items marked “To be confirmed” must be supplied by Enjoy the Credit and its lending partner.
Before you accept any loan, the lender gives you a Key Facts Statement in a standard format. It is generated from the lender's systems for your specific offer and is available to read and download in your dashboard.
What your KFS includes
- Lender's legal name, loan amount, tenure and interest rate (and how it's calculated)
- Annual Percentage Rate (APR) and the total amount payable
- Processing fee, taxes and all other charges, and the amount you will actually receive
- Repayment schedule and due date(s)
- Penal charges, cooling-off period and how to exit
- Grievance redressal officer and escalation details
Any fee or charge not disclosed in the KFS cannot be charged. After you accept, the signed KFS, sanction letter and loan agreement are sent to your verified email / mobile and are kept in your dashboard.