True Balance Review

What Is True Balance?

True Balance is one of India’s app-based personal credit lines, offered in partnership with banks and NBFCs and RBI registered.

With the tap of a button, this app lets you borrow as little as ₹ 1,000 or as much as ₹50000 depending on the credit limit you are eligible for.

Types Of Loans You Can Avail At True Balance

1. Cash Loan:

Amount: ₹50,000

Tenure: 2 – 3 months

Interest: 5% Onwards, per month

Fees And Charges: 0-7%

Documents Required: PAN card, Aadhar Card, and Bank Statement.

2. Level Up Loan

Amount: ₹15,000

Tenure: 62 Days

Interest: 5% Onwards, per month

Fees And Charges: 0-15%

Documents Required: PAN card and Aadhar Card

3. Welcome Loan

Amount: ₹7,000

Tenure: 62 Days

Interest: 5% Onwards, per month

Fees And Charges: 0-10%

Documents Required: PAN card and Aadhar Card

Documents Needed For Availing Loan At True Balance

  • Aadhaar Card 
  • Pan Card (mandatory)
  • Bank Statement

How Much Can You Borrow From True Balance?

This app lets you borrow from  ₹ 7,000 to  ₹ 50,000 depending on your credit eligibility.  

The initial borrowing amount will increase according to your repayment history.

Check Your Eligibility At True Balance  Here.

 

Rate Of Interest At True Balance

The interest rates for True Balance loans start from 5% onwards per month.

How Long Does It Take To Get Your Loan From True Balance?

Your loan is generally transferred instantly as soon as all your documents are verified. In order to process your loan quickly, you should upload the necessary documents in the necessary formats and make sure they are clear and legible.

You will get your loan within a few hours when you are approved.

Repayment Period At True Balance

The repayment tenure can range from 2 months to 3 months. So, every personal loan lender offers the loan for a minimum and a maximum period, which varies from lender to lender.

FAQs On True Balance Loan

Q1. Is True Balance RBI Registered?

Yes, True Balance is an RBI registered, NBFC loan provider.

Q2. Is True Balance Safe?

True Balance loan app is safe and legit. You will be able to take loans once your account is created and you are approved.

Q3. Who Is Eligible For True Balance Loan?

Any salaried individuals who are above 21 years of age and residing in India can apply at True Balance.

Q4. How Can I Get A Loan From True Balance?

  1. Download the True Balance App Here
  2. Register and set up your user profile.
  3. Complete your details like uploading your PAN, Aadhar, Bank Statement, etc. as directed and required to get your loan.
  4. On approval, you will be able to withdraw your loan amount directly to your bank account from your True Balance wallet.

Q5. How Do You Use True Balance Loan App?

  1. Download the True Balance App Here
  2. Register and set up your user profile.
  3. Complete your details like uploading your PAN, Aadhar, Bank Statement, etc. as directed and required to get your loan.
  4. On approval, you will be able to withdraw your loan amount directly to your bank account from your True Balance wallet.

Q6. How Long Does It Take True Balance To Approve A Loan?

After you fill out the application form with your information, you will be able to get a loan within a few hours.
 

Q7. What Is The Interest Rate At True Balance?

The rate of interest given by True Balance starts from 5% onwards per month.
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