General Studies · Digital Lending
In accordance with the RBI guidelines on Digital Lending, which of the following is a mandatory requirement for Regulated Entities to follow when extending digital loans?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Digital loans must be offered with zero processing fees
- 2Lenders must disclose the all-inclusive Key Fact Statement (KFS) including Annual Percentage Rate (APR) to borrowers✓
- 3All digital loans must have a maximum tenure of 12 months
- 4Disbursal of loans should only be done in the borrower’s bank account
Correct answer
Lenders must disclose the all-inclusive Key Fact Statement (KFS) including Annual Percentage Rate (APR) to borrowers
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for General Studies?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Digital Lending MCQs →Want more practice questions on Digital Lending?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in General Studies · Digital Lending