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The True Balance Cash Loan App is a digital lending platform that offers instant personal loans to help users manage short-term financial needs quickly and conveniently. Whether you need funds for medical emergencies, travel, bill payments, or daily expenses, the app allows you to apply for a loan directly from your smartphone with minimal documentation and fast approval.
True Balance offers two loan options – Cash Loan and Level Up Loan – to suit different borrowing needs. Under the Cash Loan option, eligible users can borrow between ₹5,000 and ₹2,00,000 with repayment tenures ranging from 6 to 12 months. The loan comes with a monthly interest rate starting from 2.4%, while the processing fee may range between 0% and 7.1% based on the borrower’s profile.
For smaller credit requirements, the Level Up Loan provides amounts from ₹1,000 to ₹30,000, with similar repayment tenures and a processing fee of up to 8.4%. The entire loan application process is completed online through the True Balance app, making it a convenient option for users seeking quick approval and fast loan disbursal.
True Balance Personal Loan Highlights
Feature | Details |
|---|---|
Loan Amount | ₹1,000 - ₹2,00,000 |
Interest Rate | Starting from 2.4% per month |
Tenure | 6 to 12 months |
Processing Fee | Up to 7.1% of the loan amount |
Eligibility | Salaried and self-employed individuals |
Application Mode | True Balance Mobile App |
Documentation | Minimal documentation required |
Disbursal | Quick and hassle-free disbursal |
Additional Features | Level-up loans, bill payment, and recharges |
About True Balance Personal Loan
- Features and Benefits of True Balance Personal Loan
- True Balance Personal Loan Interest Rate and Charges
- Loan Amount and Tenure
- True Balance Personal Loan Eligibility Criteria
- Documents Required
- How to Apply for True Balance Personal Loan Online
- True Balance Personal Loan Fees and Charges
- Frequently Asked Questions
- GRO Details
Features and Benefits of True Balance Personal Loan
- 100% Online Loan Application The entire loan process is completely digital. You can apply for a loan directly through the True Balance mobile app without visiting a bank branch or filling out physical forms. Everything from registration to loan approval is handled online.
- Fast Loan Disbursal True Balance offers quick loan processing for eligible users. Once your application is verified and approved, the loan amount can be transferred to your bank account within a short time, making it useful for urgent financial needs.
- Loan Amount from ₹1,000 to ₹2 Lakh Borrowers can choose a loan amount based on their financial requirements and eligibility. The platform allows users to borrow small amounts like ₹1,000 for short-term expenses or larger amounts up to ₹2 lakh for bigger needs.
- Minimal Documentation Required Applying for a True Balance loan requires only basic documents such as Aadhaar, PAN, and bank account details. The digital KYC process reduces paperwork and helps speed up the loan approval process.
- Early Repayment Option Borrowers have the option to repay their loan before the end of the loan tenure. This can help reduce the total interest paid and may also improve the borrower’s credit profile if payments are made responsibly.
- Flexible EMI Repayment Options True Balance provides flexible repayment options so users can select a loan tenure that fits their monthly budget. This makes managing EMI payments easier and more convenient.
- 24×7 Loan Availability Since the loan application is handled through a mobile app, users can apply for a loan anytime. Whether it is late at night or during holidays, the platform allows borrowers to access funds whenever required.
True Balance Personal Loan Interest Rate and Charges
The True Balance Personal Loan interest rate starts from 2.4% per month. The exact rate may vary depending on the borrower’s credit profile, income, and loan amount.
Charges | Details |
|---|---|
Monthly Interest Rate | Starting from 2.4% per month |
Processing Fee | 0% to 7.1% of loan amount |
Late Payment Charges | Applicable |
GST on Processing Fee | 18% (as applicable) |
Late Payment Penalty | As per loan agreement |
Foreclosure / Prepayment Charges | As per loan agreement |
Bounce Charges | Applicable on EMI payment failure |
Loan Amount and Tenure
Loan Type | Loan Amount | Tenure |
|---|---|---|
Cash Loan | ₹5,000 – ₹2,00,000 | 6 – 12 months |
Level Up Loan | ₹1,000 – ₹30,000 | 6 – 12 months |
True Balance Personal Loan Eligibility Criteria
Salaried Individuals
- Minimum Age: 18 years
- Maximum Age: 50 years
- Minimum Monthly Salary: ₹20,000
Self-Employed Individuals
- Minimum Age: 18 years
- Maximum Age: 50 years
- ITR Amount: ₹240,000
Documents Required for True Balance Loan
For Salaried Individuals:
- Identity Proof: Aadhaar card, PAN card, driving license, or passport
- Address Proof: Aadhaar, passport, driving license, or any utility bill
- Income Proof: Salary slips, bank statements (last 3 months), Form 16
- Photograph: Recent passport-sized photograph
For Self-Employed Individuals:
- Identity Proof: Aadhaar card, PAN card, driving license, or passport
- Address Proof: Aadhaar card, driving license, utility bill, passport
- Income Proof: Income Tax Returns (last 2 years), business registration documents, bank statements (last 6 months), GST returns (if applicable)
Additional Documents (if required):
- Proof of business ownership: Partnership deed, company registration certificate, or sole proprietorship declaration
- ABusiness bank statements: Last 6 months' bank statements
- GST returns: If applicable
How to Apply for True Balance Personal Loan Online?
Applying for a loan through the True Balance app is quick and completely digital. Users can complete the entire application process from their smartphone by following a few simple steps:
Step 1: Go to the Google Play Store, search for the True Balance app, and install it on your smartphone.
Step 2: Open the app and sign up using your mobile number. Enter the OTP to verify your number.
Step 3: Provide your Aadhaar, PAN, and basic personal details to complete the KYC process.
Step 4: After verification, the app will show the loan amount you are eligible to borrow.
Step 5: Choose the loan amount and repayment tenure according to your financial needs.
Step 6: Check the loan details and confirm your request to complete the application process.
Step 7: Once approved, the loan amount will be transferred directly to your registered bank account.
Disclaimer: All the features, interest rates, steps, and other information specified above are sourced when this page was written and are subject to change. For exact information, refer to True Balance’s official website or contact them.
Frequently Asked Questions
1. What is the maximum loan amount in True Balance?
The maximum loan amount offered through the True Balance Personal Loan app can go up to ₹2,00,000.
2. What is the True Balance Level Up Loan?
The True Balance Level Up Loan is a short-term digital loan available through the True Balance mobile app. It allows eligible users to borrow ₹1,000 to ₹30,000 to manage urgent financial needs. The loan application process is completely online with minimal documentation. Borrowers can repay the loan in flexible monthly installments within 6 to 12 months.
3. What is the minimum CIBIL Score for True Balance Personal Loan?
True Balance doesn't say exactly what the minimum CIBIL score is. A good credit score significantly improves your chances of loan approval and can lead to a favourable interest rate.
4. How much time does True Balance take to approve a loan?
True Balance tries to approve loans quickly. The duration of the process depends on your individual situation and the quality of the documents provided. They usually try to process applications in a few hours or days.
5. Is True Balance Personal Loan Safe?
Yes, True Balance Personal Loan is generally safe to use because the app follows a digital verification process and uses secure technology to protect users’ personal and financial information. The loan application, approval, and repayment process are handled through the official True Balance app.
Disclaimer:This page includes information that has been compiled from many sources and is only offered for informational purposes. Since this type of data might change over time, we cannot guarantee that the information supplied or included within it is accurate. It is anticipated that the user would confirm with the relevant source prior to taking any choices or actions.
GRO Details
Grievance Redressal Officer: Mr. Nikhil Niranjan
Company name: True Credits Private Limited
Email: grievance@truecredits.in
Customer Care: 0120-4001028
Redirection link for RE’s: https://www.truecredits.in/client-grievance-redressal-policy
Contact No.: +91 7428196828 (Monday to Friday except Public Holidays; Timing: 9:30 AM to 6:00 PM)
Address: 5th Floor, Huda City Centre Metro Station, Sector - 29, Gurugram, Haryana - 122001
Website: https://www.truecredits.in/
Complaint Type: Digital Lending-related complaints/ issues raised by the borrower.
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