TrueBalance-Personal Loan, UPI 7.01.00

What is True Balance?

True Balance is a secure platform that focuses on lending, payments, and financial services with the aim of providing "Finance for All." As an entity authorized by the Reserve Bank of India (RBI), it operates as a Prepaid Payment Instrument issuing Digital Wallets and Gift Wallets. These wallets can be used for various transactions including recharges, bill payments, fund transfers, and more through interoperability on UPI. Additionally, True Balance offers unsecured personal loans through RBI-registered Non-Banking Financial Companies (NBFCs), gaining the trust of over 75 million users across India. Customers can access digital personal loans ranging from ₹1,000 to ₹2,00,000 for a tenure that varies from six to twelve months, subject to a low processing fee and an Annual Percentage Rate (APR) ranging from 28.8% to 99.7%.

What We Offer:

• Quick Personal Loan Options: Cash Loan and Level Up Loan
• • Cash Loan Features:
  • Seamless borrowing experience available through application.
  • Platform security ensures a 100% safe transaction process.
  • Fully digital access to loans available 24/7.
  • Loan amounts range from ₹1,000 to ₹2,00,000.
  • Flexible repayment tenure of six to twelve months.
  • Affordable low processing fees ensure accessibility.
  • Direct loan disbursal is facilitated to your bank account.

Example Online Loan Calculation:

• Loan Type: Unsecured Personal Loan
• Loan Amount: ₹10,000
• Loan Tenure: 6 Months
• Interest Rate: 2.4% Per Month
• Processing Fee (6%): ₹600 + GST (18%): ₹708
• Interest: ₹844
• EMI: ₹1807
• Total Repayment: ₹11,550 (including processing fee + GST)

*Interest rates may vary based on the borrower's risk profile.

UPI Integration:

• The True Balance Wallet enables seamless money transfers via UPI (National Payments Corporation of India approved).
• • Instant fund transfers available to any user at any time.
  • Easily pay bills and recharge services online.
  • 24/7 access to digital payments with merchant support.
  • A nationwide service offering.
  • Interoperable app design allows sending money using mobile numbers even to users not on the True Balance platform.

How to Apply for a Personal Loan:

• Download the True Balance application.
• Select registration using your contact number for login.
• Provide necessary details to check loan eligibility.
• Submit KYC documents and proceed with the loan application.
• The approved loan amount will be transferred directly to your bank account.

Lending Partner Details:

• True Credits Pvt. Ltd.
• InCred Financial Services Limited
• Vivriti Capital Limited
• Northern Arc Capital Limited
• Lendbox (Transactree Technologies Pvt. Ltd.)
• Oxyzo Financial Services Limited

App Permissions and Their Purpose:

• Location: To provide relevant online loan offers and facilitate Video KYC.
• SMS: For phone number verification and SIM binding necessary for PPI interoperability.
• Camera: Utilized for KYC documentation and Video KYC processes.
• Phone Info: Helps in preventing fraudulent activities.
• Microphone: Required for video KYC procedures.

Contact Information:

Address: The Circle Work, 5th Floor, Huda City Centre Metro Station, Sector 29, Gurugram, Haryana 122001, India.
Email: [email protected]

Additonal Information:

• A fully online and secure process with a customer rating of 4.4 stars.
• The system is highly secured and encrypted to protect customer data.
• Privacy Policy: True Balance Privacy Policy
• Please note that terms and conditions apply.