Key Fact Statement (KFS):
The KFS provides a concise summary of your loan, including key terms such as the amount borrowed, interest rates, repayment period, and any associated fees. It serves as a handy reference guide, ensuring you have a clear understanding of the fundamental aspects of your loan.
Loan Agreement:
Your Loan Agreement is a detailed document outlining the legal terms and conditions of your loan. It covers everything from repayment schedules to the consequences of default, ensuring that both you and the lender understand your rights and responsibilities.