If you are in need of quick and easy access to funds, then TrueBalance personal loan app is the perfect solution for you. With a mission of 'Finance for All', TrueBalance is a trusted platform for millions of users across India. Here is everything you need to know about TrueBalance personal loan.
Features of TrueBalance Personal Loan App:
100% digital and paperless process: TrueBalance offers a completely digital and paperless process for personal loans. You can apply for a loan without having to visit any physical branch.
Loan amount ranging from Rs. 5,000 to Rs. 50,000: TrueBalance offers personal loans ranging from Rs. 5,000 to Rs. 50,000, making it a great solution for various financial needs.
Loan directly disbursed into a bank account: Once your loan is approved, the loan amount is directly disbursed into your bank account.
Tenure: 1 to 3 months: TrueBalance offers a flexible loan tenure of 1 to 3 months, making it easy for you to manage your finances.
24x7 access to personal loan/money: With TrueBalance, you can access your personal loan/money anytime, anywhere.
Target Audience of TrueBalance Personal Loan App:
TrueBalance personal loan app is designed for salaried individuals aged between 21 to 50 years, who have a minimum salary of Rs. 20,000 and a CIBIL score of 680+. It is available only to Android users.
How to Apply for a Personal Loan on TrueBalance:
customer Click on the "apply here" link
Choose TrueBalance from the screen: customer to click on the link apply here
Enter personal details and download the app: Customers need to enter their name, mobile number, email ID, and Pincode and click on 'start journey now'. They will be redirected to the Play store app to download the TrueBalance app.
Complete the KYC process: After downloading the app, customers need to verify their mobile number with OTP and create a security password. They then need to choose 'cash loan' and proceed with the KYC completion. They need to enter their PAN card and Aadhaar card number, and complete the verification process.
Enter loan amount and details: After completing the KYC process, customers need to enter the loan amount and choose the EMI tenure. They then need to mention the purpose of the loan and their personal details like marital status, education, job type, company details, and salary account.
Submit bank statement PDF: Customers need to submit their bank statement PDF or log in via net banking.
Wait for loan approval and disbursement: After submitting the details, the partner will verify the application. If the customer is eligible, the loan will be disbursed in their bank account within 24 hours. A small processing fee will be applicable during the disbursal time.
FAQs:
Why should I suggest TrueBalance to customers?
TrueBalance is a trusted personal loan app with over 75 million users across India. It offers a quick and easy solution for personal loans with a completely digital and paperless process.
What are the benefits of TrueBalance personal loans?
Features of TrueBalance Personal Loan
TrueBalance personal loan offers a range of features that make it a popular choice among borrowers. Here are some of its key features:
100% Digital and Paperless Process: The application process for a TrueBalance personal loan is completely digital and paperless. Borrowers can apply for a loan from the comfort of their homes without any physical documentation.
Loan Amount: TrueBalance offers personal loans ranging from Rs. 5,000 to Rs. 50,000. This makes it a suitable option for those who need quick access to small amounts of money.
Direct Disbursal: Once the loan is approved, the amount is directly disbursed into the borrower's bank account. This means that borrowers can access their funds immediately.
Flexible Tenure: The tenure for a TrueBalance personal loan can range from 1 to 3 months. Borrowers can choose a tenure that suits their repayment capacity.
24x7 Access: Borrowers have 24x7 access to their loan/money through the TrueBalance loan app.
How to Apply for a TrueBalance Personal Loan?
Applying for a TrueBalance personal loan is a quick and easy process. Here's how to apply:
Step 1: Share the TrueBalance personal loan link with interested customers.
Step 2: Ask the customer to click on the link and choose "TrueBalance" from the screen.
Step 3: Enter the name, mobile number, email ID, and pin code, and click on "Start Journey Now."
Step 4: Customers will be redirected to the Play Store app to download the TrueBalance app.
Step 5: Open the app and accept the terms and conditions. Allow access to location and media from the device.
Step 6: Choose the preferred language and click on "Start."
Step 7: Enter the registered mobile number and verify it with an OTP.
Step 8: Create a security password and proceed to the next step.
Step 9: Choose "Cash Loan" and proceed with KYC completion.
Step 10: Enter PAN card and Aadhaar card numbers and click on "Proceed."
Step 11: Enter the OTP received on the mobile and then enter the mobile number registered with Aadhaar card.
Step 12: After verifying OTP, the customer's KYC will be done.
Step 13: Enter the loan amount and choose the EMI tenure.
Step 14: Mention the purpose of the loan and loan experience.
Step 15: Submit personal details like marital status, education, job type, company details, and salary account, and proceed.
Step 16: If the customer has taken any previous loan from other sources, they have to submit a few details like how much EMI they pay for it.
Step 17: Once the customer submits the details, it will be verified from the partner side. The customer needs to click on "Notify me when it's approved."
Step 18: On the final step, the customer needs to submit the bank statement PDF or log in via net banking.
Step 19: After this, the details will be evaluated by the partner, and if the customer is eligible, the loan will be disbursed in the customer's bank account. A small processing fee will be applicable during the disbursal time.
Conclusion
TrueBalance personal loan app is a convenient and accessible option for salaried individuals with a minimum salary of Rs. 20,000 and a CIBIL score of 680+. The app offers a range of features that make it an attractive option for borrowers. The application process is straightforward and takes only a few minutes to complete. If you're in need of a small loan quickly, TrueBalance personal loan app might be the perfect solution for you.