Many times, some such tasks suddenly arise in our life, due to which it becomes difficult to manage the expenses of our daily life. To get out of this problem, we have to borrow money from a friend, due to which many times we have to face embarrassment. But now you do not need to take loan from anyone else for small needs. Because when you need itTrue Balance with the help ofInstant Personal Loan Can take.
In this article, weProcess to take loan from True Balance, Required Documents, Eligibility Criteria, Rate of interest, loan amount, EMI payment period etc. will know in detail. Reading this article will help you understand thatHow to get loan from true balance।
So without wasting any time let us know thatHow to take loan from true balance?
What is True Balance?
True Balance It is an online loan providing mobile application through which salaried and self-employed individuals can avail loans ranging from Rs 1000 to Rs 50000.instant personal loan Can get it at low interest rate. You can also pay mobile recharge, DTH recharge, gas booking, water bill, electricity bill, etc. through this app.
True Balance App is a reliable and secure loan application as it is a member of NBFC and works as per the rules made by RBI. This app has been downloaded by more than 50 million people so far and more than 1 million people have given a rating of 5/5 on the Play Store.
| Key Points of True Balance App | Description |
| app name | TrueBalance- Personal Loan App |
| Types of Loan | Personal Loan |
| company’s name | Balance Hero Private Limited |
| Founder and CEO of True Balance App | Charlie Lee |
| Launch of True Balance App | 17 October 2014 |
| total downloads | more than 50 million |
| Rating on Play Store | 5/5 |
Features of True Balance Loan
Following are the main features of True Balance Loan.
- Instant loan ranging from Rs 5 thousand to Rs 50 thousand is available on True Balance.
- The loan availing process is 100% online. Because of which you can apply for loan even sitting at home.
- No guarantor is required to take a loan from True Balance.
- Minimum documents are required to take a loan.
- The time period given to repay the loan amount is 62 to 180 days.
- You can get loan from True Balance without any paperwork.
- The approved loan amount will be transferred directly to your account within no time.bank accounts Is transferred to.
- You can check whether you are eligible for loan or not in 5 to 10 minutes.
Documents required to take loan from True Balance
To take a loan from True Balance, you require the following documents.
- identity card-PAN Card and Aadhar Card
- Basic address proof- Passport, Voter ID Card, Driving License, etc.
- Income proof-6 months’ bank statement in which your salary is received.
How many types of loans does True Balance offer?
True Balance provides you mainly 3 types of loan facilities. You can take any loan as per your requirement.
- Welcome Loan
- Level Up Loan
- Cash Loan
1- Welcome Loan
This is the smallest loan given by True Balance, under this loan you can get instant loan ranging from Rs 1000 to Rs 7000. This loan amount has to be repaid in a period of 62 days.
| TrueBalance Welcome Loan | Description |
| maximum loan amount | up to Rs 7000 |
| Rate of interest | 5.9% per month |
| Fees and Charges | 0 to 10 percent |
| Tenure | 62 days |
| Documents | PAN Card and Aadhar Card |
2- Level Up Loan
Under this type of loan, the loan amount is more and the interest rate is slightly lower than welcome loan. If you need a slightly larger loan to meet your needs, then you can get a maximum loan of up to Rs 15,000 under this loan for a period of 62 days.
| TrueBalance Level Up Loan | Description |
| maximum loan amount | up to Rs 15000 |
| Rate of interest | 5% per month |
| Fees and Charges | 0 to 15 percent |
| Tenure | 62 days |
| Documents | PAN Card and Aadhar Card |
3- Cash Loan (cash loan)
If you are in great need of loan then youCash Loan Under this, you can get a maximum loan of Rs 50 thousand for a period of 2 to 3 months. The processing fees and charges on this type of loan are slightly less.
| TrueBalance Cash Loan | Description |
| maximum loan amount | up to Rs 50000 |
| Rate of interest | 5% per month |
| Fees and Charges | 0 to 7 percent |
| Tenure | 2 to 3 months |
| Documents | PAN Card, Aadhar Card and Bank Statement |
How to take loan from True Balance?
To take a personal loan from True Balance, follow the process given below along with all your necessary documents.
- First of all, after downloading the True Balance app, open it.
- After this, accept the Privacy Policy and Terms & Conditions, tick I Agree and click on Continue.
- After this, Allow all Access Permissions and select your language and click on the Start button.
- Now enter your mobile number and click on Next button.
- Now an OTP will come on your given mobile number, enter it and register.
- After this, create your password for security and click on the Next button.
- After this, the home page will appear in front of you, where you have to choose the type of loan like Welcome Loan, Level Up Loan, Cash Loan. After this you have to click on Get option.
- After this you have to complete the KYC process. In which you have to fill basic details.
- First of all you have to enter your PAN card and click on the Proceed button.
- Now you have to enter the mobile number linked to your Aadhar card and click on Proceed.
- Now OTP will come on your mobile number which you have to enter to verify KYC.
- After KYC verification, click on Go to Loan option and select your loan amount, tenure and click on Next button.
- Now you have to fill some other general information- like-
- Relationship Status- Are you single, married or divorced?
- Education- How far have you studied?
- Housing Type- Have your own house or live on rent.
- Job- आप Salaried Person, Self-Employee, Student या House Wife है।
- Company Name- Select the name of the company in which you work, salary per month, date of release of salary.
- After filling all the information, you have to submit it, after this your loan application will go for review.
- You will get a notification after your loan is approved.
- Now you have to fill your bank account information. After this the loan amount will be transferred to your bank account through True Balance.
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