In today’s fast-paced world, having access to quick loans is more important than ever, especially during emergencies. One such platform making waves in India is the True Balance App. This mobile application offers instant personal loans to users without the need for complicated paperwork. In this article, we will walk you through everything you need to know about getting a loan from the True Balance app, its features, eligibility criteria, and step-by-step process.
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📱 What is True Balance?
True Balance is a digital financial platform developed by Balancehero India. Initially started as a mobile balance checker, the app has evolved into a trusted financial service provider offering services like:
Instant personal loans
Mobile and DTH recharges
Bill payments
Insurance
Pay Later features
The True Balance app is RBI-compliant and offers loans through NBFC (Non-Banking Financial Company) partners. It mainly targets users with low credit history or limited access to traditional banks.
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📝 Key Features of True Balance Loan
Here are some of the key features of loans offered on the True Balance platform:
📍 Loan amount: ₹1,000 to ₹50,000
⏳ Tenure: 62 days to 6 months
💸 Interest rate: Ranges from 5% to 36% annually (APR)
⚡ Fast disbursal: Money is disbursed within minutes to hours after approval
🧾 Paperless process: No physical documentation required
📲 100% digital process: From application to repayment
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✅ Eligibility Criteria
Before applying for a loan on the True Balance app, make sure you meet the following basic eligibility requirements:
🧑 Indian citizen
📱 Must have a smartphone and a valid mobile number linked to Aadhaar
💼 Stable monthly income (salary or business)
🔞 Minimum age of 18 years
📊 May or may not require a credit score (CIBIL)
> Note: Meeting the eligibility criteria does not guarantee approval. Final decisions depend on the internal credit evaluation.
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📌 Documents Required
The loan application process is paperless, but you still need to upload the following documents through the app:
1. Aadhaar Card
2. PAN Card
3. Selfie for KYC
4. Bank account details
5. Optional: Salary slip or bank statement (in some cases)
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🛠️ Step-by-Step Guide to Get Loan from True Balance
Here’s how you can apply for a loan using the True Balance app:
Step 1: Download the App
Go to Google Play Store
Search “True Balance” and install the app
> 📌 Currently, the app is only available for Android users
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Step 2: Sign Up and Complete KYC
Open the app and register using your mobile number
Complete your KYC verification by uploading Aadhaar and PAN card
Take a selfie as part of the identity verification
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Step 3: Go to the ‘Loan’ Section
On the home screen, tap on the Loan icon
Choose from available loan offers based on your profile
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Step 4: Select Loan Amount and Tenure
Use the slider to choose the desired loan amount
Select a repayment tenure (example: 3 months or 6 months)
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Step 5: Submit Required Details
Provide additional details such as:
Monthly income
Employer/business name
Bank account for disbursal
Optional: Upload bank statement for faster approval
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Step 6: Wait for Approval
The app will process your request
You’ll be notified via SMS or app notification once approved
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Step 7: Receive the Loan Amount
Once approved, the amount is transferred directly to your bank account
Disbursal usually happens within minutes to a few hours
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📆 Loan Repayment Process
Repaying the loan is simple:
You can repay via UPI, debit card, or net banking
Set reminders for EMI dates
Partial or early repayment is also allowed
> 💡 Late payments may attract penalties and affect your credit score
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🛡️ Is True Balance Safe and Legal?
Yes, True Balance is operated by Balancehero India, a company registered under the RBI guidelines, and all loans are disbursed through NBFC partners. Your personal and financial data is encrypted and stored securely.
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💡 Tips to Improve Loan Approval Chances
Keep your KYC details updated
Provide accurate income details
Maintain a good repayment history
Avoid applying for multiple loans at the same time
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🎯 Final Thoughts
True Balance is a convenient and reliable option for people who need small to medium personal loans instantly without visiting a bank. The app is especially helpful for users in semi-urban and rural areas where financial services are limited. Just make sure to borrow responsibly and repay on time.
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🟢 FAQs
Q1: Can I take another loan if I already have one active?
A: Usually, you need to repay the first loan before applying for a new one.
Q2: What happens if I miss an EMI?
A: You may be charged a penalty, and your credit history can be negatively affected.
Q3: Does True Balance give loans without a CIBIL score?
A: Yes, they do offer loans to users with no or low credit history, based on alternative checks.
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