| Interest Rate | 2.4% per month |
| Loan Amount | Rs. 1,000 - Rs. 2 lakh |
| Loan Tenure | 6 months - 2 years |
| Processing Fee | Up to 8.4% |
True Balance Personal Loan

Get up to ₹50 Lakhs starting at 9.98%
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Curated offers from 30+ lenders
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True Balance Personal Loan Highlights
Key Features of True Balance Personal Loan
The features of the True Balance personal loan are mentioned below:
True Balance Personal Loan Eligibility
True Balance follows an internal underwriting mechanism to approve loan applications. These are predominantly dependent on factors such as income, timely repayment history, existing financial obligations, etc.
Lenders usually consider the below-mentioned eligibility criteria while evaluating the personal loan application.
Individuals can use Paisabazaar’s Personal Loan Eligibility Calculator to assess their eligibility even before loan application to increase their chances of loan approval.
Documents Required for True Balance Personal Loan
The documents mentioned below are required for availing a True Balance personal loan:
Also Check: Personal Loan Documents
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True Balance Personal Loan Approval Time
True Balance personal loan is approved quickly, with loan disbursal in as little as a few minutes. The lender verifies the documents and assesses the loan eligibility of the applicant and approves the loan application quickly. The loan is disbursed directly into the bank account of the borrower.
True Balance Loan Repayment Process
True Balance follows multiple repayment methods that are shown on the app during each repayment. These include:
How True Balance Determines Loan Approval
True Balance determines loan approval in the following manner:
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FAQs
What is the maximum loan amount offered by True Balance?
The maximum loan amount offered by True Balance is Rs. 2 lakh.
What is the interest rate charged by True Balance?
True Balance offers personal loan at interest rates starting from 2.4% per month.
How quickly is the loan disbursed?
In most cases, the loan is disbursed in as little as a few minutes.
Can I prepay my True Balance loan?
Yes, you can prepay your True Balance personal loan.
Is there any foreclosure charge?
True Balance has not disclosed its foreclosure charges. However, personal loan foreclosure charges usually range up to 4% of the prepaid amount.
How can I track my application status?
You can check your loan application status on the True Balance mobile app.
What should I do if my application is rejected?
On loan rejection, the lender communicates the reason for rejection to the applicant. You can also see the reason for loan rejection on the mobile app. You can work on the shortcomings and improve your credit profile.
How can I improve eligibility for a higher loan amount?
You can improve your loan amount eligibility by maintaining a strong credit score, keeping EMI/NMI ratio below 55%, having a consistent job and income, etc.
Can I get multiple loans from True Balance?
Yes, you can get multiple loans from True Balance depending on your credit profile and repayment capacity.
Is True Balance available across India?
Yes, True Balance is available across India. One can apply for credit using the True Balance mobile app.
Personal Loan Articles
View All ArticlesPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
Address: Paisabazaar Marketing & Consulting Pvt. Ltd. 135 P, Sector 44, Gurugram (HR) 122001
Get up to ₹50 Lakhs starting at 9.98%*
Get up to ₹50 Lakhs starting at 9.98%*








