True Balance Loan is a trusted digital lending platform that offers fast, secure, and convenient personal loans to individuals across India. Backed by RBI-licensed NBFCs, the platform provides personal loans with flexible repayment options. The fully online process, available through their user-friendly mobile app, ensures instant approval and quick disbursal without the need for extensive paperwork. True Balance is designed to help users manage short-term financial needs with complete transparency and 24/7 availability.
True Balance Loan is a digital lending platform offering quick, secure loans from ₹1,000 to ₹1,25,000 through RBI-licensed NBFCs, with instant approval and disbursal via a mobile app.
Table of Contents:
Highlights of True Balance Loan
Here are the highlights of True Balance Loan:
| Feature | Details |
|---|---|
| Loan Amount | ₹1,000 to ₹1,25,000 |
| Eligibility | Indian citizens aged 18 and above |
| Repayment Tenure | 3 to 12 months |
| Application Process | Fully online via the mobile app |
| Approval Time | Instant approval |
| Disbursement | Same-day disbursement |
| KYC Requirement | Aadhaar, PAN, and bank statement |
| Availability | 24/7 loan access for eligible customers |
Read More
Read Less
Are you looking for a personal loan?
True Balance Loan Interest Rate & Charges
True Balance Loans offer transparent and competitive interest rates with no hidden fees. Below is a breakdown of the rates and charges:
| Category | Details |
|---|---|
| Interest Rate | Starting from 2.4% per month |
| Processing Fee | 6% to 15% of the loan amount |
| Annual Percentage Rate (APR) | Starting from 60% per annum |
| Late Payment Fee | Up to ₹500, depending on the overdue amount |
| Loan Tenure | 3 to 12 months |
Features & Benefits of True Balance Loan
True Balance Loan offers a seamless, fully digital lending experience with fast approval, secure transactions, and reliable service through RBI-licensed NBFCs, available 24/7 for all your financial needs.
- 24/7 Availability: True Balance Loan services are available round the clock, ensuring that users can apply for loans at any time, according to their convenience.
- 100% Safe Lending: The platform prioritizes user security, ensuring that all loan transactions are safe and reliable, giving users confidence in the process.
- 100% Digital Process: From application to disbursement, the entire loan process is digital, removing the need for physical paperwork and making it incredibly convenient for users.
- Quick Loan Disbursal: Loans are processed and disbursed swiftly, often within minutes of approval, ensuring users can access funds when they need them most.
- Credit Only from RBI-Licensed NBFCs: True Balance collaborates only with RBI-licensed Non-Banking Financial Companies (NBFCs), providing a layer of credibility and trust in their financial services.
Don't know your credit score? You can find out for free!
Also get a Free Credit Report
True Balance Loan Calculator
Easily compute your loan EMI with an online EMI calculator. Simply enter the loan amount, interest rate, and tenure to get an instant estimate of your monthly payments. It's a hassle-free way to stay on top of your loan commitments.
| Monthly EMI | ₹86 |
| Principal Amount | ₹1,000 |
| Total Interest | ₹32 |
| Total Amount | ₹1,032.00 |
Types of Loans Offered by True Balance
True Balance provides flexible personal loan options to cater to different financial needs. Here are the two primary types of loans offered:
1. Cash Loan
True Balance Cash Loans are designed to provide hassle-free financial support for immediate needs. These small cash loans range from ₹5,000 to ₹1,25,000 with a repayment tenure of 6 to 12 months. Key highlights include:
- Monthly Interest: Starting from 2.4%
- Processing Fee: 6% to 15%
- Annual Percentage Rate (APR): Starting from 60%
- Loan Disbursal: Quick and fully digital with funds directly transferred to your bank account.
2. Level Up Loan
The Level Up Loan offers financial freedom with loan amounts ranging from ₹1,000 to ₹30,000, specifically tailored for smaller financial requirements with a tenure of 3 months. Key features include:
- Monthly Interest: Starting from 2.4%
- Processing Fee: 6% to 15%
- Annual Percentage Rate (APR): Starting from 60%
- Loan Disbursal: Swift processing with an entirely digital experience.
Steps to Apply for a True Balance Loan
Applying for a True Balance Loan is simple and quick, allowing you to access funds with just a few steps through their easy-to-use mobile app.
- Register Phone Number: Begin by signing up with your registered phone number on the True Balance app to access the loan services.
- Select Loan Product: Choose the loan type that fits your financial needs, such as a Cash Loan or Level Up Loan, and check your eligibility.
- Loan Application and KYC Verification: Complete your application by providing KYC documents like your Aadhaar Card and PAN card. Upload the required documents and bank statements to verify your eligibility.
- Loan Disbursed: After approval, provide your bank details, and the loan amount will be directly disbursed into your account swiftly.
True Balance Loan Contact Details
If you need assistance or have any queries regarding True Balance Loans, you can reach out through the following channels:
| Query Type | Contact Email |
|---|---|
| General Service-Related Queries | cs@balancehero.com Phone: +91 (0120)-4001028 |
| Technical Issues (Mobile Application) | cs@balancehero.com |
| Bureau Score-Related Matters | cs@truecredits.in |
| Payment/Wallet/Utility Payments Issues | cs@balancehero.com |
| Loan Cancellation Requests | info@truecredits.in |
| Loan Repayment Matters | cs@truecredits.in |
For additional support, you can also use the True Balance app to report issues or complaints. Response times typically range from 24 to 48 working hours.
Corporate Office:
Balancehero India Private Limited
The Circle Work, 5th floor, Huda City Centre, Sector - 29, Gurugram, Haryana - 122001
Email: cs@balancehero.com
Get a quick loan starting at 11.99% p.a.
Frequently Asked Questions
True Balance Loan is a legitimate digital lending platform offering loans through RBI-licensed NBFCs.
True Balance itself is not directly regulated by RBI, but it partners with NBFCs that are approved and licensed by the RBI.
If you fail to repay your True Balance loan, it can negatively impact your credit score, and lead to additional late fees, and True Balance may take legal action or involve debt recovery agencies.
The minimum loan amount you can borrow through True Balance is ₹1,000.
Yes, True Balance operates legally in India by partnering with RBI-licensed NBFCs to provide loans.
The Indian government and RBI have taken action to ban numerous fraudulent loan apps that do not follow legal guidelines. Specific names vary, but only those without proper licenses or who engage in unethical practices are banned.
No, True Balance is not banned in India. It continues to offer legal loan services in compliance with regulations through verified NBFCs.
Display of trademarks, trade names, logos, and other subject matters of Intellectual Property displayed on this website belongs to their respective intellectual property owners & is not owned by Bvalue Services Pvt. Ltd. Display of such Intellectual Property and related product information does not imply Bvalue Services Pvt. Ltd company’s partnership with the owner of the Intellectual Property or proprietor of such products.
Please read the Terms & Conditions carefully as deemed & proceed at your own discretion.
Rated 4.5 on Google Play
10M+ App Installs
25M+ Applicants till date & growing
150K+ Daily Active Users