True Balance

True Balance allows Android app users to check their mobile call and data balances without the need for internet connectivity. It provides consumers with real-time information on the best plans and offers from telecom operators.

Digital lending application (DLA) of True Credits Private Limited (NBFC), providing Cash Loan (₹5,000 - ₹2,00,000, tenure 6-24 months, monthly interest from 2.4%) and Level Up Loan (₹1,000 - ₹30,000, tenure 6-18 months, monthly interest from 2.4%).

The platform provides easy payment options including mobile recharges, DTH, electricity bills, gas, broadband, and water bill payments.

True Balance operates as an RBI Licensed Prepaid Payment Instruments (PPI) entity, issuing Digital Wallet and Gift Wallet usable for recharges, bill payments, fund transfers and payments through wallet interoperability on UPI.

True Credits serves non-online-payment users and those lacking credit scores who are underbanked or not serviced by traditional financial institutions, including customers 'new to credit', assessed via an alternative credit scoring system (ACS) and machine-learning-based models, typically with monthly incomes between Rs 10,000 and Rs 40,000.

True Balance allows Android app users to check their mobile call and data balances without the need for internet connectivity, providing real-time information on the best plans and offers from telecom operators.

True Credits has disbursed loans worth more than INR 700 Cr to 7 million Indians, with loan ticket sizes ranging from INR 1,000 to INR 50,000.

10+ crore app downloads and 1.7+ crore total loans disbursed, with ₹19,000+ crore in loan disbursements.

True Balance launched in 2014 as an Android app for checking mobile call/data balances; the app has since grown to 10+ crore downloads.

Direct web channel for loan products, bill payments/recharges and wallet features.

Facilitates lending through True Credits Private Limited, an RBI-licensed NBFC, and its lending partners, offering Cash Loan and Level Up Loan products.

Bill Payment and Recharges: mobile recharge, DTH, electricity, gas, broadband, water.

Issues Digital Wallet and Gift Wallet, which can be further utilised for recharges, bill payments, fund transfers and payments through wallet interoperability on UPI.

True Balance is an RBI Licensed Prepaid Payment Instruments (PPI) entity, issuing Digital Wallet and Gift Wallet.

True Balance app is a digital lending application (DLA) of True Credits Private Limited (NBFC).

ISO 9001 (Quality Management System) and ISO 27001 (Information Security Management System) certified.

Provides unsecured Personal Loans through RBI-registered NBFCs, including its own NBFC subsidiary True Credits Private Limited.

True Credits raised debt funding from Northern Arc Capital and other investors from India and Korea (March 2021), and from Northern Arc, Arthmate, Shine Star, E clear and Hinduja plus other Korean investors (November 2021) to fund its lending book.

True Balance is operated by Balancehero India Pvt. Ltd, a wholly-owned subsidiary of Balancehero Co Ltd. Korea.

Cash Loan: monthly interest from 2.4%, processing fee 0-7.1%, on disbursals of ₹5,000-₹2,00,000. Level Up Loan: monthly interest from 2.4%, processing fee 0-8.4%, on disbursals of ₹1,000-₹30,000.