{"id":7449,"date":"2022-09-21T11:57:01","date_gmt":"2022-09-21T11:57:01","guid":{"rendered":"https:\/\/signdesk.com\/in\/?p=7449"},"modified":"2025-09-17T07:29:45","modified_gmt":"2025-09-17T12:59:45","slug":"esign-key-fact-statements-kfs","status":"publish","type":"post","link":"https:\/\/melento.ai\/en-in\/blog\/esign-key-fact-statements-kfs","title":{"rendered":"How to eSign Key Fact Statements (KFS) With Digital Signatures"},"content":{"rendered":"

Introduction<\/b><\/span><\/h2>\n

The Reserve Bank of India (RBI) has released it’s Digital Lending Guidelines 2022<\/strong>, for all commercial and co-operative banks, and NBFCs (Non-Banking Financial Companies).<\/p>\n

The guidelines lay out new compliance requirements for digital lenders when it comes to collecting and processing customer data, and the disclosures to be made to borrowers.<\/p>\n

The guidelines also make it mandatory for financial institutions (FIs) engaged in digital lending to send digitally signed<\/span><\/a><\/span> copies of certain loan documents to the borrower before executing the loan agreement.\u00a0<\/span><\/p>\n

These documents are part of the disclosures that are aimed at increasing the overall confidence in the digital lending ecosystem.<\/p>\n

For a detailed look at what the Digital Lending Guidelines 2022 mean for banks and NBFCs, read our article here<\/strong><\/a>.<\/span><\/p>\n

\"How<\/p>\n

List Of Loan Documents To Be eSigned<\/b><\/span><\/h2>\n

The RBI has listed the following loan documents to be digitally signed before executing the loan.<\/p>\n

    \n
  1. The Key Fact Statements (KFS)<\/li>\n
  2. The summary of the loan product<\/li>\n
  3. Loan sanction letter<\/li>\n
  4. Terms and conditions of the loan<\/li>\n
  5. Account statements<\/li>\n
  6. Privacy policies of the FI & any fintech lending partners<\/li>\n<\/ol>\n

    Once eSigned, these documents are to be sent to the borrower\u2019s email address or phone.<\/p>\n