RBI NBFC Compliance
1. Terms & Conditions
Last Updated: January 2026
Acceptance of Digital Loan Terms
These Terms and Conditions govern the access and use of the digital lending platform, website, and
credit services operated by Lord Krishna Financial Services Ltd under the brand name
"Prest Loans". By submitting a loan request, uploading KYC documents, or authorizing an
e-NACH mandate, the borrower agrees to these terms.
Borrower Eligibility & Sanction
Loans are sanctioned based on automated and manual underwriting criteria, bank cash flow scrutiny,
CIBIL bureau rating, and verified turnover proofs. Sanction and disbursement remain at the sole
discretion of the NBFC.
Electronic Repayment Mandate
Borrowers agree to maintain sufficient balance in the designated bank account on installment due dates.
Any bounce caused by insufficient funds will incur standard bounce charges as disclosed in the Schedule
of Charges.
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& Conditions
Access the complete 13-clause borrower
agreement, e-mandates, and statutory disclosures.
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2. Terms Of Use
Website Permitted Use
This web portal is designed to provide information on loan products, EMI calculation, document
submission, and application tracking. Scrapers, unauthorized scripts, or penetration testing without
written consent are strictly forbidden.
Intellectual Property
All brand logos, text, design systems, calculator algorithms, and graphic assets are the proprietary
property of Lord Krishna Financial Services Ltd.
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Of Use
View platform code of conduct, IP rights,
cyber guidelines, and arbitration clauses.
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3. Privacy Policy
In adherence to the Digital Personal
Data Protection (DPDP) Act & RBI Digital Lending Guidelines
Collection of Borrower Data
We collect identity proof (PAN, Masked Aadhaar), contact credentials, bank account statements, and GST
filing records solely for identity verification and risk assessment.
Data Storage in India
In accordance with RBI directions, all customer and transaction data is securely hosted on servers
located strictly within Indian territory and encrypted using 256-bit SSL protocols.
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Privacy Policy
Read our DPDP Act framework, data retention
norms, 256-bit SSL protocols, and data rights.
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4. Fair Practices Code
(FPC)
Ethical Standards in Lending
Lord Krishna Financial Services Ltd adopts the Fair Practices Code formulated under RBI Master
Directions. We ensure that borrowers receive clear Key Fact Statements (KFS) containing all fees, APRs,
and repayment dates before loan execution.
Respectful Recovery Guidelines
Our collection staff strictly adheres to ethical, fair, and professional practices in accordance with
the applicable Reserve Bank of India (RBI) guidelines, the RBI Fair Practices Code, and our internal
recovery policies.
Permitted Contact Hours: 08:00 AM to 07:00 PM
Working Days: Monday to Saturday, excluding applicable holidays, as per the company’s approved working
schedule.
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Practices Code
Examine the 12-section FPC framework, KFS
disclosure mandate, and zero-harassment code.
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5. Penal Charges
Policy
As per RBI Circular RBI/2023-24/53
Reasonable & Non-Capitalized Penal Charges
Penal charges for late installment payments are levied strictly as a deterrent and are NOT compounded
with the principal balance. Interest is never charged on penal charges.
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Charges Policy
Review RBI circular DoR.MCS.REC.28
guidelines, non-capitalization rules, and bounce fees.
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6. KYC & Anti-Money
Laundering (AML) Policy
Customer Due Diligence
Compliant with the Prevention of Money Laundering Act (PMLA) 2002 and RBI KYC Master Directions 2016.
Every applicant undergoes digital KYC verification, video verification (V-CIP), and bureau screening.
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& AML Policy
View Officially Valid Documents (OVD)
matrix, PEP guidelines, and FIU reporting standards.
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7. Disclaimer & Fraud
Vigilance Advisory
Public Fraud Alert Notice
Prest Loans never asks applicants to deposit cash or transfer money into individual personal savings
accounts or share OTPs over phone. Disbursals and collections occur solely through verified banking
channels.
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Disclaimer & Fraud Advisory
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anti-fraud precautions, and legal liability disclaimers.
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Dedicated Framework
8. Grievance Redressal
Mechanism
Level 1: Primary Grievance Officer
Officer: Ms. Poonam Tiwari | Email: care@prestloans.com |
Phone: 011-45241123 (Resolution within 2 weeks max).
Level 2: Compliance Officer (Escalation I)
Officer: Ms. Sheetal Mishra | Office: M5-M6, Essel House, 10 Asaf Ali Road, New Delhi - 110002 | Email:
compliance@prestloans.com | Phone: 011-45241123
Level 3: Principal Nodal Officer (PNO - Escalation II)
Officer: Mr. Sandeep Saini | Email: nodalofficer@prestloans.com | Phone: 011-45241131
(Guaranteed response within 7 business days).
Level 4: Reserve Bank of India (Regulator / Ombudsman)
If unresolved after 30 days, lodge an appeal before the RBI Ombudsman via: https://cms.rbi.org.in or CRPC
Portal: https://www.rbi.org.in/
(Address: 4th Floor, Sector 17, Chandigarh – 160017) or write to
DNBS, RBI, 6 Sansad Marg, New Delhi - 110001.
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Grievance Redressal Portal
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timelines, officer desks, and submit a grievance online.
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Official Accreditations
& Licenses
9. Regulatory
Certifications & Corporate Details
Company Name: Lord Krishna Financial Services Ltd
Trade Name: Prest Loans
CIN: U65993DL1992PLC049609
RBI Certificate of Registration: B-14.02019
Incorporation Date: 25th February 1992
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Regulatory Certifications & Licenses
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Registration, MCA Incorporation, CIBIL, Experian, GST, and MSME.
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Dedicated RBI Policy &
Product Matrix
10. Interest Rate
Model and Schedule of Charges
LKFSL Reference Base Rate: 18.00% p.a.
Lord Krishna Financial Services Limited ("Prest Loans") maintains a Reference Base Rate of 18%
p.a. Pricing is structured on an objective Discrete Interest Rate Model anchored against
institutional cost of funds, operational expenses, tenure matching, and borrower credit risk gradation.
Key Fact Statement (KFS) Transparency
In accordance with RBI Master Directions on Fair Practices Code, all processing charges, documentation
expenses, stamp duty, bounce charges, and Annualized Percentage Rates (APR) are explicitly stated in the
Key Fact Statement prior to loan agreement signing. Penal charges are strictly non-capitalized under RBI
Circular RBI/2023-24/53.
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Loan-Wise Schedule of Charges
View detailed fee tables for Business
Loans, Education Loans, Personal Loans, and STPL.
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