Instant Personal Loans up to ₹5 lakh*
→ Trusted by ~2 Cr Indians
→ RBI registered lenders
→ 100% digital loan application journey
→ No collateral or paperwork
→ Tenure: Minimum period for repayment- 2 months, Maximum period for
repayment- 24 months
→ Flexi EMIs & interest starting at 1.5% per month
→ APR range – 30 to 90%
For ₹10,000 personal loan borrowed for 3 months, with interest rate @2.4% per month*, a user would pay:
-> 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, 10000₹) = ₹3,492
Total amount to be repaid = ₹11,185/- including Processing fee +GST
*Loan Interest Rate may vary based on the user’s risk profile
We facilitate loans from RBI licensed NBFC-True Credits Pvt. Ltd, InCred Financial Services Limited, Grow Money Capital Pvt. Ltd, Muthoot Finance Ltd, Vivriti Capital Limited, Northern Arc Capital Limited and Lendbox (Transactree Technologies Private Limited). Also, the app enables its users to avail wallet services including recharges, bill payments and much more from licensed entities.
Features of True Balance – Personal Loan App:
– Personal Loans ranging from ₹1,000 to ₹1,00,000 (Disbursal Amount)
– 100% Digital
– 24×7 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 chance to get higher amount of credit.