This Loan App is a financial platform in India that provides instant personal loans, utility bill payment services, and other financial products. It is designed for users who require quick access to credit or want to manage their daily expenses. Below are some key features and details about the app:
Key Features
Instant Personal Loans
Loan amounts range from ₹1,000 to ₹50,000.
Flexible repayment tenures (ranging from 62 days to 6 months).
Competitive interest rates, depending on the user's credit profile.
Utility Bill Payments
Mobile recharges, electricity bills, gas bills, and other utilities can be paid via the app.
Eligibility
Indian residents aged between 21–58 years.
Requires basic KYC documents like Aadhaar and PAN card.
A stable income source is usually necessary.
Additional Features
No collateral is required for loans.
100% digital process through the app.
Cashback offers for bill payments and other transactions.
How to Apply for a Loan
Download the True Balance app from the Google Play Store.
Complete the registration and KYC process.
Check your loan eligibility.
Select the loan amount and repayment tenure.
Submit the application and wait for approval. The amount is disbursed directly into your bank account if approved.
Loan Example
Loan Amount: ₹10,000
Tenure: 3 months
Interest Rate: 3.3% per month
Total Interest: ₹990
Processing Fee: ₹200
Total Repayment Amount: ₹11,190
Cautions
Repayment Timeliness: Missing repayments can harm your credit score.
Hidden Fees: Review terms for processing fees and penalties.
Data Privacy: Ensure you trust the app with your personal information.
Would you like specific guidance on using the app
or understanding its terms?
