True Loan App answers your cash needs fast and easy!
True Loan India’s leading digital lending mobile based loans platform. We aim to meet customer’s financial needs for various requirements ranging from purchase of mobile phones, medical needs, bill payments etc.
Why US(True Loan)?
1. No credit history required
2. Paperless and digital process on your mobile
3. Get 24*7 access to loan anytime, anywhere
4. Efficient Application Review
5. Disburse to your connected account once approved
6. As the credit score grows, the sanctioned amount gradually increases
7. Sometimes select the random users
Example:
For a 6-month loan of ₹10,000 for 180 days with interest rate @25.55% per annum,
Interest = ₹10,000 * 25.55% / 365 * 180 = ₹1,260;
Processing Fee = ₹620;
GST = ₹620 * 18% = ₹111.6;
The total amount to be paid = Loan Amount + Interest + Processing Fee + GST = ₹10,000 + ₹1,260 + ₹620 + ₹111.6 = ₹11,991.6;
APR = (₹11,991.6 - ₹10,000) / ₹10,000 / 180 * 365 = 40.39%;
True Loans
Loan amount: ₹0 to ₹5,00,000
Interest rates: 0.5% to 15% per annum
Tenure: 6 to 36 months
1. LOAN
=loan features
=Upto ₹5,00,000
=Instant money transfer to bank account
=100% digital process
=Flexible loan and EMI options
=Zero pre closure charges
2. HOME LOANS
=Amount: Upto ₹5 Crore
=Interest Rate : Starting at 0.5% to 12% yearly
=Tenure: Upto 36 months
=Loan amount upto 50% of property value
Flexi Loan
Need to borrow money? We offer short repayment terms from 62 days to 6 months for borrowing instant money ranging from ₹1,000 to ₹10,000.
Eligibility
1. Indian resident
2. Above the age of 18 years
3. Should have monthly source of income
Processing fees:
Processing fees and other charges as applicable by respective banks/NBFC’s and it ranges from a flat Processing fees to 2.5% of Loan amount depending on Banks and NBFC’s. Banks/NBFC’s may charge additional charges towards CIBIL Report, Government Cersai Charges. GST @18% on processing fees. All charges which are charged by bank will be communicated to Customer Prior to funding. Collection of processing Fees & charges are depends on norms of Banks/NBFC's & it’s may vary Banks to Banks & NBFC to NBFC.
Fees & Charges
Interest rates range from 0.5%-12% with equivalent your monthly incomes.
One of our primary partner NBFCs – GLEND PVT LTD is a Systemically Important NBFC within Cooperate with Instant Loan to develop online business.
Types of loan offered by BANK LOAN PROVIDER App from various Banks/NBFC's.
- Home Loan
- Mortgage Loan
- New Car Loan & Old Car Loan
- Over Draft & CC Facility
Safety & Security
True Loan mobile app understands the privacy and confidentially of its customer who have shared their personal information with us. It's our topmost priority to keep the information secure and avoid misuse of customer's personal details.
True loan collects personal information from its customers, including first name, last name, email address, date of birth, residence city and mobile number etc.
True loan can also extract information from third parties or public shared profiles public in your social accounts. The collected information is stored at our server.
True loan need your information for the following purpose -
=> To reply to queries submitted by you
=> Process application or orders submitted by you
=> To resolve problem with any services provided to you
=> Your information will helps us to ease loan process
=> We don't collect any legal proof, we collect its offline for your trust.
Additional information :
Email:
[email protected]
Address: Building KR-2, Pole No-8, G/F, Near AXIS Bank, Kapashera, New Delhi-100037, india.
Information Disclosure and Sharing
True loan does not sell/ rent or disclose your information with anyone as described in this policy. We may share your information with our business partners or with another entity in case of a business merger or sale of True loan business part. We restrict the collection and use of your information.