True Balance Personal Loan

True Balance Personal Loan Interest Rate Details

• Your credit score: A good credit score usually means a lower interest rate.
• How much you borrow: Bigger loans might have slightly higher interest rates.
• How long you want to repay the loan: Longer loans might also have slightly higher interest rates.
• Other things: True Balance might also look at your income, job, and how you've paid back loans in the past.

Remember that interest rates can change, so it's always best to check True Balance's website or call them for the latest information.

True Balance might also have special offers or discounts on interest rates from time to time. You can contact them to ask about any ongoing offers and deals.

True Balance Personal Loan Eligibility Criteria

Salaried Individuals

• Minimum Age: 18 years
• Maximum Age: 50 years
• Minimum Monthly Salary: ₹20,000

Self-Employed Individuals

• Minimum Age: 18 years
• Maximum Age: 50 years
• ITR Amount: ₹240,000

True Balance Personal Loan Documents Needed

For Salaried Individuals:

• Identity Proof: Aadhaar card, PAN card, driving license, or passport
• Address Proof: Aadhaar, passport, driving license, or any utility bill
• Income Proof: Salary slips, bank statements (last 3 months), Form 16
• Photograph: Recent passport-sized photograph

For Self-Employed Individuals:

• Identity Proof: Aadhaar card, PAN card, driving license, or passport
• Address Proof: Aadhaar card, driving license, utility bill, passport
• Income Proof: Income Tax Returns (last 2 years), business registration documents, bank statements (last 6 months), GST returns (if applicable)

Additional Documents (if required):

• Proof of business ownership: Partnership deed, company registration certificate, or sole proprietorship declaration
• ABusiness bank statements: Last 6 months' bank statements
• GST returns: If applicable

True Balance Personal Loan Application Process

1. Get the App: Download the True Balance app from the app store.

2. Sign Up: Register for an account by providing your fundamental details.

3. Verify Your Identity: Send in documents like your Aadhaar card, PAN card, and a selfie.

4. Choose Your Loan: Pick how much money you want to borrow and how long you want to pay it back.

5. Show Your Income: Upload documents like salary slips or ITRs to prove your income.

6. See if You're Eligible: The app will check if you can get a loan based on the information you gave.

7. Get Approved: If you're approved, you'll get a message.

8. Sign the Loan: Sign the loan agreement online.

9. Get Your Money: The loan money will be sent directly to your bank account.

Disclaimer: All the features, interest rates, steps, and other information specified above are sourced when this page was written and are subject to change. For exact information, refer to True Balance’s official website or contact them.

True Balance Personal Loan Fees and Charges

• Processing Fee: A one-time fee you pay when you apply for a loan to cover the lender's costs.
• Late Payment Fee: A fee you pay if you don't pay back your loan on time. This safeguards the lender against potential risks and losses.
• Prepayment Fee: If you wish to prepay your loan, you'll be subject to a fee that covers the lender's lost interest.
• Documentation Fee: A one-time fee to cover the cost of checking your documents when you apply for the loan.
• Penalty Interest: A higher interest rate you pay if you don't pay back your loan on time after the grace period.

Frequently Asked Questions