Harshil Desai · Evidence-first tools for Indian finance
LoanLens

Built on RBI's Key Facts Statement rules

Your loan's real price, checked against RBI's rules.

Lenders must disclose an all-inclusive APR and avoid practices RBI has named. LoanLens recomputes your APR from the Key Facts Statement, flags what breaks the rules, and drafts the complaint, all inside your browser.

Audit a loan offer See a sample audit
17.07%
Matches the APR in RBI's own worked example
10 checks
Each tied to a specific RBI circular
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  1. 01

    Copy your KFS

    Enter the figures from the Key Facts Statement your lender must give you. The form follows RBI's KFS layout.

  2. 02

    We recompute and check

    True APR from the actual cash flows, plus 10 checks against prohibited practices, each with its arithmetic shown.

  3. 03

    Act on the evidence

    A report you can verify in Excel, and a letter to the lender that cites each RBI rule.

Audit

Check a loan offer

1Loan termsKFS Part 1
2Fees and deductionsKFS charges section
3What the KFS statesUsed to verify the lender's numbers
4DatesSanction letter or schedule
5Other termsPre-payment, penalties, digital loans

Methodology

How the numbers are produced

  1. Net amount receivedSanctioned amount − processing fee (+18% GST unless included) − insurance − other upfront charges − broken-period interest − instalments collected upfront. If the KFS states a lower net amount, that amount is used.
  2. APRThe monthly rate at which the remaining EMIs are worth exactly the net amount received, × 12. This is a plain IRR on a reducing balance, matching Annex B of RBI's KFS circular. It is shown with and without GST because lenders differ, and gaps of 0.25 points or less count as a match.
  3. Rule checksEach check compares your figures with a practice RBI has prohibited or a disclosure it requires. A finding is marked Proven only when your figures alone establish it; anything else is marked Confirm.

What LoanLens cannot tell you

  • Whether the lender is registered with RBI. Check on RBI's website before borrowing.
  • Anything outside the figures you enter. A wrong or missing KFS gives a wrong result.
  • Legal advice. Findings are questions to put to the lender. Rules vary by lender type and change.

Sources

Every rule, linked to RBI