In today’s time, taking instant loan for emergency has become very easy. True Balance App is a trusted loan app that provides you instant personal loan without any much formalities. If you want a loan of Rs 5000 then this article is for you. Here we will explain each step in detail so that you can take your loan without any worry.
What is True Balance App?
True Balance is an NBFC-registered (Non-Banking Financial Company) loan provider that provides small and large amount personal loans. In this you can take a loan from Rs 1000 to Rs 50,000. The process of taking a loan is fast and secure, and requires minimum documentation.
Benefits of taking loan from True Balance App
- Instant Approval: You can get loan approval in 5 minutes.
- Minimum Documentation: Only Aadhaar and PAN card can be used.
- Flexible Repayment: You can select EMI as per your convenience.
- Secure Process: Being an RBI-registered NBFC, it is a safe and reliable platform.
- No Collateral Required: No collateral required.
How to take loan of Rs 5000 from True Balance App?
Step 1: True Balance App Download Karein
First of all you have to download True Balance app from Google Play Store. It is not currently available for iOS users.
Step 2: Create Account
After installing the app you will have to create an account. You can login by verifying your mobile number.
Step 3: Complete KYC
To take a loan you will have to complete the KYC process. For this you will have to use Aadhaar Card and PAN Card.
Step 4: Apply Loan
- Go to Loan Section and select “Apply for Loan” option.
- Choose the loan amount of Rs 5000 as per your requirement.
- Select the EMI plan as per your repayment capacity.
- Fill Bank Details Now – Loan amount will be transferred to your bank account.
Step 5: Loan Approval and Disbursement
If your documents are correct and your credit score is perfect then the loan gets approved in 5-10 minutes. Immediately after approval, the money is transferred to your bank account.
How to do Loan Repayment?
You can repay your EMI through True Balance App or bank transfer. By making timely repayments your credit score will improve and it will be easier to take bigger loans in the future.
Eligibility Criteria for taking True Balance Loan
- Age: Between 18 to 50 years
- Must be an Indian citizen
- PAN Card and Aadhaar Card are Mandatory
- Must have an active bank account
- Should have stable income source
Interest Rate and Processing Fee
- Interest Rate: Monthly interest can range from 2.5% to 5%.
- Processing Fee: 2% to 4% depending on the loan amount.
Conclusion
If you need an immediate loan of Rs 5000 then True Balance app can be a best option. It is a reliable loan provider with simple documentation, fast approval and easy repayment. So you have to make your repayments on time so that your credit score remains good and you can avail loans of larger amounts in the future.
Hope this guide will be helpful to you! Now download the True Balance app and take your instant loan!
