TrueBalance Personal Loan App

TrueBalance Personal Loan App | True Balance Personal Loan offers a streamlined and efficient borrowing experience with straightforward eligibility criteria and nominal transaction charges. This fast personal loan solution caters to both salaried and self-employed individuals, ensuring a simple and hassle-free application process.

The interest rates for True Balance loans start from 30% and can go up to 46%. Borrowers can access loan amounts ranging from ₹10,000 to ₹1,00,000 with repayment tenures between 3 to 12 months. Notably, the processing fee can be up to 15%, and a minimum credit score of 700 is required. There are no part payment or foreclosure charges.

TrueBalance Personal Loan App

Here’s a detailed table summarizing the True Balance Personal Loan App:

FeatureDetails
App NameTrue Balance Personal Loan
Loan Amount Range₹10,000 – ₹1,00,000
Tenure3 – 12 months
Part Payment ChargesNA
Processing FeeUp to 15%
Minimum Credit Score700
Foreclosure ChargesNA
Features and BenefitsNo collateral required, 100% digital process, instant disbursal, no physical documentation, simple process, flexible tenure, insurance coverage
Required DocumentsLast 3 months’ bank statement/RBI Approved Account Aggregator Process/Bank Statement, 3 latest salary slips with Form 16, net banking or debit card details to set up e-Mandate, valid KYC, Aadhar card with date of birth, PAN card
Eligibility Criteria (Salaried)Minimum age: 18 years, Maximum age: 50 years, Minimum monthly salary: ₹20,000
Eligibility Criteria (Self-Employed)Minimum age: 18 years, Maximum age: 50 years, ITR amount: ₹2,40,000 annually

This table encapsulates the primary details and features of the True Balance Personal Loan app.

Key features and benefits of True Balance Personal Loan include:

  • No collateral required
  • 100% digital process
  • Instant disbursal
  • No physical documentation needed
  • Simple and easy application process
  • Flexible tenure options
  • Insurance coverage

The required documents for applying include the last 3 months’ bank statements, 3 latest salary slips with Form 16, valid KYC documents, Aadhar card with date of birth, and PAN card. Additionally, net banking or debit card details are needed to set up an e-mandate.

Eligibility criteria are as follows:

  • Salaried Individuals: Minimum age of 18 years, maximum age of 50 years, and a minimum monthly salary of ₹20,000.
  • Self-Employed Individuals: Minimum age of 18 years, maximum age of 50 years, and an ITR amount of ₹2,40,000 annually.

True Balance emphasizes its commitment to simplicity and convenience, making it a reliable choice for those seeking personal loans in emergencies, thereby offering financial peace of mind. For a seamless application process, prospective borrowers can visit the True Balance website and complete the necessary steps.

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