True Balance Personal Loan Review: Fast Disbursal & Easy Closure
Urgent cash can arise anytime - be it for medical emergencies, education, travel, or any unplanned expense. Having access to a reliable and instant loan app is a lifesaver. In this post, I’ll share my honest experience of taking a personal loan through the True Balance platform and how I successfully repaid it on time.
Before applying for a loan, try our EMI Calculator to estimate your monthly payment.
Why I Chose True Balance for a Personal Loan
When I needed a small amount of money urgently, I explored several lending platforms. Among them, True Balance stood out for its:
- Instant disbursal of small - ticket loans
- Fully digital process
- Flexible tenure and minimal documentation
- Transparent charges and customer support
They offer two main types of loans:
- Cash Loan: ₹5,000 to ₹2,00,000 for 6 to 12 months
- Level-up Loan: ₹1,000 to ₹15,000 with 6-month tenure
Loan Application Details
I opted for a Level-up Loan of ₹3,778. The interest rate was fixed at 8.25% for the full term of 2 months and 1 day. The total payable amount came to ₹4,012, including interest.
- Loan Amount: ₹3,778
- Processing Fee: ₹289
- Total Payable: ₹4,012
- EMI: ₹2,007 and ₹2,005 (Paid in two monthly installments)
I received the sanctioned amount of ₹3,200 in my bank account within hours of application. The remaining amount was deducted as a processing and platform fee. This transparency was appreciated.
Repayment Journey
Repaying the loan was equally smooth. I had to pay two EMIs:
- ₹2,007 on 14th November
- ₹2,005 on 15th December
Both installments were paid on time directly through the app. The app provides notifications, payment reminders, and auto-debit options to avoid missing due dates. What impressed me most was the clarity in statements and the ability to track every rupee.
No Dues Certificate Provided
Upon completion of the loan, I received a No Dues Certificate from True Credits Private Limited on 9th June 2025, confirming there was no outstanding amount. This is extremely useful when applying for other loans in the future or improving your credit score.
My Verdict: Is True Balance Legit and Trustworthy?
Based on my personal experience, True Balance is a reliable and efficient platform for those who need a short-term loan without jumping through hoops. Everything - from loan sanction to final payment - was transparent, digital, and fast.
Pros:
- Instant disbursal
- Minimal paperwork
- Easy EMI tracking
- Clear communication
- No Dues Certificate issued without follow-up
Cons:
- High annualized interest rate (48.57%)
- Small disbursal after deduction of fees
Who Should Consider True Balance Loan?
If you meet the following criteria, this loan app can be a good choice:
- Need urgent money (medical bills, bill payments, small emergencies)
- Don't want to go through traditional bank loan hassles
- Have a decent credit score or steady mobile KYC
- Comfortable repaying in 1-3 months
Final Thoughts
My journey with True Balance was seamless - from loan approval to successful repayment. For individuals in India looking for a fast, transparent, and trustworthy loan option, especially for small urgent needs, I recommend giving it a try.
Disclaimer: This review is based on my personal experience and documents. Interest rates, loan terms, and eligibility may vary based on your profile.
FAQs
1. Is True Balance RBI approved?
Yes, loans on the True Balance app are offered by NBFCs like True Credits Private Limited, registered with RBI.
2. Can I close my loan early?
Yes, the platform allows you to close your loan early with no foreclosure charges.
3. How to get the No Dues Certificate?
Once your loan is fully paid, the No Dues Certificate is auto - generated and available for download in the app.