True Balance – Secure Lending, Payments & Financial Services
True Balance is a secure platform dedicated to the mission of “Finance for All.” It is an RBI-authorised Prepaid Payment Instrument (PPI) issuer that provides Digital Wallet and Gift Wallet services for recharges, bill payments, fund transfers, and UPI-based wallet interoperability.
True Balance also offers unsecured personal loans through RBI-registered NBFCs, trusted by over 75 million users across India. Users can access digital loans from ₹1,000 to ₹2,00,000 for 6–12 months at low processing fees. Additionally, digital personal loans up to ₹5,00,000 are available in partnership with NBFCs and fintech partners with tenures of 12–48 months.
The APR (Annual Percentage Rate) for all loans ranges from 28.8% to 86%.
1. Quick Personal Loan – Loan App
Loan Features:
– 100% safe and secure loan platform
– Fully digital process with 24/7 access
– Loan range up to ₹5,00,000 through NBFC and fintech partners
– Flexible repayment tenure from 6 to 48 months
– Low processing fees
– Direct disbursal to your bank account
Example Loan Calculation:
– Loan Type: Unsecured Personal Loan
– Loan Amount: ₹10,000
– Tenure: 6 months
– Interest Rate: 2.4% per month
– Processing Fee (6%): ₹600 + GST (18%) = ₹708
– Total Interest: ₹844
– EMI: ₹1,807
– Total Repayment: ₹11,550
(Note: Rates may vary based on borrower profile)
2. UPI – True Balance Wallet (NPCI Approved)
UPI Features:
– Instant money transfers anytime
– Online bill payments and mobile recharge
– 24/7 digital payments to merchants
– Pan-India service coverage
– Send money using a mobile number, even to non–True Balance users
How to Apply for a Personal Loan
1. Install the True Balance app
2. Register using your mobile number
3. Complete basic details to check loan eligibility
4. Upload KYC documents and apply
5. Receive approved loan amount directly into your bank account
Lending Partner Details (RBI-Licensed NBFCs)
– True Credits Pvt. Ltd.
– InCred Financial Services Limited
– Grow Money Capital Pvt. Ltd.
– Vivriti Capital Limited
– Northern Arc Capital Limited
– Oxyzo Financial Services Limited
Fintech Partner:
– Prefr (Dreamplug Technologies Private Limited)
App Permissions (and Why They’re Needed)
– Location: To provide personalized loan offers and Video KYC
– SMS: For SIM verification & PPI interoperability
– Camera: For KYC document capture & Video KYC
– Phone Info: Fraud prevention
– Microphone: Video KYC process
Contact Information
Address:
The Circle Work, 5th Floor, Huda City Centre Metro Station,
Sector 29, Gurugram, Haryana 122001, India
Email: cs@balancehero.com
Additional Information
– Fully online, secure system with a 4.5-star rating
– Encrypted data protection
– Privacy Policy applies
– Terms & Conditions apply
