TrueBalance- Personal Loan App 6.37.01
True Balance - Balance Hero – Freeware – Androidout of 1762026 votes
6.37.01 Safe to install
TrueBalance: Simplifying Personal Loans with Ease
TrueBalance is a user-friendly personal loan app that offers quick approval and flexible repayment options, ideal for those in need of immediate financial support.
True Balance is a lending and financial services platform that prioritizes the mission of "Finance For All." Trusted by over 75 million users across the country, True Balance offers a safe and secure personal loan app. With True Balance, you can avail an online personal loan ranging from ₹1,000 to ₹1,00,000 (Disbursal Amount) for a tenure of 62 days to 12 months, with a low processing fee. The annual percentage rate (APR) ranges from 60% to 154.8%.
Apply for a personal loan today and experience a seamless borrowing process with the True Balance loan app.
For example:
- A ₹10,000 personal loan borrowed for 3 months, with an interest rate of 2.4% per month*, would incur the following charges:
- Processing fee (@6%) = ₹600 + GST (18%) ₹108 = ₹708
- Interest* = -CUMIPMT(2.4%*12/365*30, 3, 10000, 1, 3, 0) = ₹477
- EMI = -PMT(2.4% * 12 / 365 * 30, 3, ₹10,000) = ₹3,492
Total amount to be repaid: ₹11,185/- (includes processing fee + GST). Please note that the loan interest rate may vary based on the user's risk profile.
We facilitate loans from the following RBI licensed NBFCs: True Credits Pvt. Ltd, InCred Financial Services Limited, Grow Money Capital Pvt. Ltd, Muthoot Finance Ltd, Vivriti Capital Limited, and Northern Arc Capital Limited. Additionally, the True Balance app allows users to avail wallet services, including recharges and bill payments, from licensed entities.
Features of True Balance – Personal Loan App:
- Personal Loans ranging from ₹1,000 to ₹1,00,000 (Disbursal Amount)
- 100% Digital
- 24x7 access to personal loan/money
- Low processing fee, longer tenure, and attractive interest rate
- Loan directly disbursed to your bank account
- Pan-India Service
- Convenience of payment through various methods
- Timely repayment improves credit score and increases chances of obtaining a higher amount of credit
True Balance holds a PPI license and provides an RBI-Compliant Wallet along with multiple payment options including net banking, credit cards, debit cards, and gift cards. It has also partnered with NBFCs for granting online personal loans.
To apply for a personal loan on True Balance:
- Install the True Balance app
- Log in to the True Balance personal loan app by registering using your contact number
- Fill in your basic details to determine your personal loan eligibility
- Submit KYC documents and apply for an instant loan
- Once your application is approved, the approved loan disbursed amount will be transferred to your bank account.
Other services offered by the True Balance App include:
- Prepaid and Postpaid payments:
- Recharge prepaid/postpaid and earn cashback
- Super-fast recharges across 5 leading operators
- DTH, Pipes Gas, Electricity, Water, LPG, Bill Payment:
- DTH recharge available for all 5 major operators
Kindly note:
- Complete full KYC to maximize cashback benefits.
- All cashback can be used within the app and cannot be transferred in any form.
App permissions & reasons:
- Approximate location is required to provide you with appropriate plans based on your area/circle.
- SMS permission is only for verifying your phone number during registration.
- Camera permission is necessary for the full KYC process.
- Phone permission is used to collect hardware model details, OS and version, network info, and to prevent fraud by ensuring that unauthorized devices cannot act.
SAFE AND SECURE LOANS:
The entire process is completely online and secure, with a 4.0+ star rating, making it one of the best online loan apps in India. True Balance has implemented a highly secure and encrypted system to protect the information shared by our customers. To learn more about our privacy policy, please visit https://truebalance.io/privacy-policy/
Contact us:
For any queries, email us at [email protected]
Address:
The Circle Work, 5th Floor, Huda City Centre Metro Station,
Sector 29, Gurugram, Haryana - 122001, India
*T&C Apply
Overview
TrueBalance- Personal Loan App is a Freeware software in the category Business developed by True Balance - Balance Hero.
The latest version of TrueBalance- Personal Loan App is 6.37.01, released on 04/15/2024. It was initially added to our database on 11/09/2023.
TrueBalance- Personal Loan App runs on the following operating systems: Android.
Users of TrueBalance- Personal Loan App gave it a rating of 5 out of 5 stars.
FAQ
What is TrueBalance?
TrueBalance is a personal loan app that provides quick access to loans for individuals in need of financial support.
How does the loan application process work?
Users can apply for a loan directly through the app by filling out a simple application form and submitting required documents.
What are the eligibility criteria to apply for a loan?
To be eligible, applicants typically need to be a resident of India, at least 18 years old, have a stable income, and meet the credit score requirements.
What types of loans does TrueBalance offer?
TrueBalance offers various types of personal loans, including payday loans and installment loans for different funding needs.
How quickly can I receive funds after approval?
Once approved, funds can be disbursed to your bank account within 24 hours.
Are there any fees associated with taking out a loan?
Yes, there may be processing fees and interest rates that vary depending on the loan amount and repayment terms.
Can I pay off my loan early without penalties?
Yes, TrueBalance allows users to repay their loans early without any prepayment penalties.
Is my personal information safe with TrueBalance?
TrueBalance employs strong security measures to protect users' personal and financial information.
What should I do if I face difficulties in repaying my loan?
If you're having trouble repaying, contact TrueBalance customer service to discuss options for rescheduling or restructuring your loan.
Where can I download the TrueBalance app?
The TrueBalance app is available for download on both the Google Play Store for Android devices and the Apple App Store for iOS devices.
Boris Weber
I am an editor at UpdateStar. I started as a support engineer, and am now specialized in writing about general software topics from a usability and performance angle among others. I telecommute from UpdateStar’s Berlin office, when I am not working remote as a digital nomad for UpdateStar. When I'm not analyzing the latest software updates, you can find me exploring new cities, immersing myself in local cultures, and discovering innovative tech trends across the globe.
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