True Balance Loan: Friends, in today’s era of inflation, most of the people need money in emergency. In such a situation, people try to take a loan from the bank, but the process of taking a loan from the bank is very long, which takes time. True Balance App has brought the solution to this problem, which provides online personal loan facility to its users. From True Balance you can take a loan ranging from ₹10.000 to ₹50.000 with minimum documents. In this article we will tell you how to apply for True Balance Loan, what are its benefits, and what documents you require for it.
What is True Balance Loan?
True Balance is a digital lending platform which is an NBFC (Non-Banking Financial Company) licensed by Bank of India. It provides services like mobile recharge, DTH recharge and personal loan to its users. From True Balance, you can take a personal loan ranging from ₹10.000 to ₹50.000 and the entire process of this loan is paperless, which saves time.
True Balance Loan Details
- Finance Company Name: True Balance
- Loan Type: True Balance Personal Loan
- Loan amount: ₹10.000 to ₹50.000
- Loan Tenure: 6 – 12 months
- Interest Rate: 2.4% per month
- Application Process: Online
- Official website: https://www.truebalance.io
Features of True Balance Loan
- Get a personal loan with minimum documentation.
- The loan interest rate starts from 2.4% per month.
- The loan can be used for any personal purpose.
- The loan can be repaid in a tenure ranging from 6 to 12 months.
- Paperless application process from home, which saves your time.
True Balance Loan Eligibility
Following are the eligibility criteria for True Balance Loan:
- Applicant must be an Indian citizen.
- The applicant must be above 18 years of age.
- The applicant should be salaried or self-employed.
- The CIBIL score of the applicant should be more than 680.
- The monthly income of the applicant should be more than ₹12000.
- The applicant should not be a loan defaulter from any bank.
Documents required for True Balance Loan
- PAN card
- Aadhar card
- Voter ID
- 6 months bank statement
- Last 3 months salary slip/ITR form
- Passport size photo of the applicant
- Mobile number linked to Aadhar card
How to take loan from True Balance?
The process to apply for True Balance Loan is quite simple. You can follow the following steps:
- First of all, download True Balance Loan App on your smartphone.
- Now sign up in True Balance App by entering your Aadhar card and mobile number.
- Go to the app and click on “Cash Loan” in the “Personal Loan” section.
- After this, a new page will open on your screen, in which you will have to fill your basic information.
- True Balance will offer you a loan based on your CIBIL score. Click on “Apply Online” to accept this loan offer.
- Then the loan application form will appear in front of you, in which fill the KYC information.
- Enter the loan amount and tenure as per your requirement.
- Now e-sign the loan through OTP.
- After this your application will be verified by True Balance. In about 5 minutes your loan will be approved and transferred to your account.
True Balance Personal Loan Interest Rate
True Balance Loan interest rates start from 2.4% per month, which may change depending on the CIBIL score and annual income of the applicant. This interest rate is quite attractive, which is lower than other institutions.
True Balance Loan Fee and Charges
- Interest Rate: 2.4% per month
- Processing Fee: 3% to 12% of the loan amount
- Late payment fee: Up to 3.5% of the outstanding EMI amount per month
- GST: 18%
True Balance Loan Customer Care Number
If you face any problem in availing True Balance Loan or have any queries related to loan payment, statement etc., you can contact True Balance Customer Care:
True Balance Customer Care Number: 0120-4001028
Conclusion
Friends, in this article we have given you all the information related to True Balance Loan in detail. If you need more information about this loan or have thought about taking a loan, then you must share this article with your friends and family. The process of taking a loan from True Balance is very simple and time-saving, which will help you get quick money in an emergency.
