True Balance is a digital lending platform owned by Balance hero India Private Limited. This personal loan app has been trusted by over 75 million users across the country. It is an Indian company’s app, which provides personal loans to people in India.
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 default is a serious offense and is highly non-advisable. In such a case, RBI has mandated all banks and NBFCs to report the default to all 4 Indian credit bureaus (CIBIL, Experion, etc.). As a result, you will not be able to avail of a loan from any other bank or NBFCs in the future. In addition, we may prosecute you for default under Section 138 of the Indian Penal Code if deemed necessary
Disclaimer: We only give information about applications, loans, NBFCs, banks, jobs, and new schemes by reading their official website and analyzing all the things. You will get the loan through True Balance. To know more, you can visit their official website.