TrueBalance – How to get Instant Loan from RBI Licensed NBFC TrueBalance Instant Loan App

True Balance is a 100% safe and secure, lending & financial services platform, steering on the mission of ‘Finance For All”. True Balance is a personal loan app that has been trusted by over 75 million users across the country. Here, you may avail an online personal loan from ₹ 5,000 to ₹ 50,000 for a tenure of a minimum of 62 days to 116 days at a low processing fee. The APR ranges from 60% to 154.8%.

Apply for a personal loan today and enjoy a better borrowing experience with the TrueBalance loan app

For example:
For ₹10,000 personal loan borrowed for 90 days, with interest rate @5% per month*, a user would pay:
-> Processing fee (@ 3%) = ₹3,00 + GST (18%) 54= ₹354
-> Interest* = ₹1,500
-> EMI = ₹ 3,833
Total amount to be repaid = ₹11,854/- including Processing fee +GST
*Loan Interest Rate may vary based on the user’s risk profile

We facilitate cash loans from RBI licensed NBFC- True Credits Private Limited. Additionally, the app also enables its users to earn from home, do recharges and payments, book tickets, and much more from licensed entities.

Features of True Balance – Personal Loan App:
– Personal Loans ranging from ₹5,000 to ₹50,000
– 100% paperless loan application
– 24×7 access to personal loan/money
– Low processing Fee, longer tenure, and attractive interest rate
– Loan directly disbursed to your bank account
– Pan-India access
– Convenience of payment through various methods.
– Repay on time improves credit score and get access to higher amounts
– Repay Later option lets you pay part of the personal loan on the due date & extend the repayment term multiple times

True Balance is a PPI license holder which provides an RBI Compliant Wallet and multiple payment options of Net banking, Credit Cards, Debit Cards, and Gift cards and has also partnered with NBFCs for granting online personal loans.

How to apply for a personal loan on True Balance?

● Install the True Balance app
● Log in to True Balance personal loan app by registering through your contact number
● Fill in your basic details to know your personal loan eligibility
● Submit KYC documents and apply for an instant loan
● Once the application is approved, we transfer the loan directly to your bank account

A quick glance at other multiple services offered by True Balance App.

Prepaid and Postpaid payment
• Recharge Prepaid/Postpaid and earn Cashback
• Super-fast recharges of any amount between 10/- to 2595/- on the network across 5 top operators

DTH, Pipes Gas, Electricity, Water, LPG, Bill Payment

• DTH recharge available for all 5 key operators. Earn Cashback per month.
• 54 Electricity boards, 24 Piped Gas, 3 LPG cylinders, and 30 Water billers

Please note

• Get maximum Cashback benefits from completing full KYC.
• All Cashback can be used within the app and can’t be transferred in any form.

App permissions & reasons:

• Location to let you know an appropriate plan as per the area/circle you are in.
• Contact to detect references and to auto-fill data.
• SMS to verify Phone number for registration only transactional SMS.
• Camera is required for full KYC process
• Calendar to send due date reminders
• Phone to collect hardware model details, OS and version, network info, and to avoid fraud by ensuring that unauthorized devices are not able to act.


The entire process is completely online and secure, and it has a 4.0+ star rating, making it one of the best online loan apps in India.

We have a highly secured & encrypted system to ensure the safety of information shared by our customers. To know more about our privacy policy, click

Fintech platform True Balance aims to hit break-even by the end of the year and go for a potential IPO (initial public offering) by 2024 on the back of strong growth in business in the country, its founder Charlie Lee said.

Backed by investors like SoftBank, Daesung Private Equity and Naver, True Balance is witnessing a strong uptake of its small-sized loans – which has helped the platform clock a 3x rise in revenues.

“India has a huge potential for the consumer credit and the pandemic and the subsequent lockdowns caused a heavy financial strain for consumers and the need for short-term loans were filled by non-banking financial companies (NBFCs) and fintech startups,” True Balance founder and Global CEO Charlie Lee told PTI.

True Balance has seen a 3X growth in revenues and by November-December this calendar year, the expectation is to be EBITDA positive and attain break-even, he added.

True Balance India is the wholly owned subsidiary of Balancehero Co Ltd, Korea which runs and operates the lending platform – ‘True Balance’.

True Balance is an RBI-authorised digital platform which facilitates loans through its safe, RBI licensed NBFC – True Credits.

Founded in Korea in 2014 by Cheolwon ‘Charlie’ Lee, Balancehero had launched the True Balance app in 2016 in India to help users to efficiently manage their phone recharge, bill payments and balance check. In 2019, True Credits received their licence from the RBI, post which True Balance started the lending business.

“Our vision is to make finance accessible to the next billion users in India, who despite having a bank account have limited access to credit. We at, True Balance have built a next-generation financial platform that will help us penetrate the untapped market in India,” Lee said.

Asked about IPO plans, Lee said the company is open to listing in India and internationally.

“We are looking at listing three years after we achieve BEP (break even point). We have set a very clear target for ourselves and our road map is such that we can achieve BEP by the end of this calendar year. We have seen 180 million transactions over the last two years,” he said.

The company expects to double its revenue in 2021 from USD 10 million that was clocked in 2020.

True Balance, which has over 200 employees – a significant part of which is based in India, is also looking at ramping up its staff strength.

Lee noted that the company has seen 30-50 per cent month-on-month growth, and the aim is to continue focusing on non-online payment users, non-credit score users.

“Since our unit economies have grown exponentially, we are seeing fast-paced growth despite the brief lull caused due to the pandemic. We have disbursed more than Rs 250 crore across the nation up to the last quarter. We have more than 6.7 million Indians as our beneficiaries who have availed loans in the range of Rs 1,000 (starting range for LevelUp Loan) – up to Rs 50,000 (maximum amount for cash loan),” Lee said.

Lee pointed out that many of True Balance’s borrowers are gig workers, who were affected badly during the pandemic. This segment has very specific needs – small-ticket loans, short repayment tenure.

“We saw a lot more customers availing loans from us especially migrant workers and people who needed small loans. Our loan product – Level-up loan has seen 1,500 per cent growth in these times,” he said.

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