True Balance Review
Micro-loan app with amounts up to Rs 2 lakh targeting first-time borrowers.
FINTECHNo CIBIL NeededZero PrepaymentZero Foreclosure
Quick Facts
₹2L
Max Loan
28.80% – 36.00% p.a.
Interest Rate
Within minutes
Disbursal
6 – 12 months
Tenure
0% – 8.4% of loan amount
Processing Fee
Rs 20,000 per month
Min Income
Loan Details & Charges
Loan Amount Rs 1,000 – Rs 2,00,000
Interest Rate 28.80% – 36.00% p.a.
Tenure 6 – 12 months
Processing Fee 0% – 8.4% of loan amount
Late Payment Penalty on overdue amount
Prepayment No prepayment charges
Foreclosure No foreclosure charges
Eligibility Criteria
Age 18-50 years
Min Income Rs 20,000 per month
CIBIL Score Not required
Employment salaried
Documents PAN Card, Aadhaar Card
Our Verdict
True Balance is a solid option in the instant loan space.