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True Credit Review
True Credits Pvt Ltd (NBFC)
Licensed NBFC, but high fees + short tenures push effective APR into predatory territory.
Red flags
- •True APR often 48-70% for short loans
- •Frequent recovery-call complaints in app reviews
Green flags
- •RBI-licensed NBFC parent
Permissions demanded
Data practices
Standard regulated-lender flow post-2022.
Recovery practices
In-house collections; mixed user reports.
Sources & references
Grievance & support
- Grievance redressalhttps://www.truebalance.io/customer-grievances
- Support / helpdeskcs@balancehero.com
Contact details published by the lender. If unresolved within 30 days, escalate via RBI Sachet.
Disclaimer: Reviews are independent editorial assessments based on publicly available information and user-submitted complaints. APR ranges and fees can change — always check the lender's Key Fact Statement before borrowing. Not financial or legal advice.
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Frequently asked questions about True Credit
Is True Credit RBI-registered?
True Credit is operated by True Credits Pvt Ltd (NBFC). Its RBI status: RBI-regulated NBFC. Always verify the parent lender directly on the RBI NBFC list before borrowing.
What is the real APR on True Credit?
True Credit charges an APR between 70% and 70% per annum with a processing fee of up to 6%. After fees and GST, the effective APR on short tenures can be significantly higher than the headline rate.
Is True Credit safe to use?
Licensed NBFC, but high fees + short tenures push effective APR into predatory territory. Permissions demanded: KYC, Bank statement. Recovery practices: In-house collections; mixed user reports..
What loan amount and tenure does True Credit offer?
Ticket size ranges from ₹1,000 to ₹1,00,000, with tenure between 2 and 9 months.
How do I close my True Credit loan early?
Open the app, request a foreclosure quote in writing, and pay the principal + accrued interest. Demand the No Dues Certificate (NDC) within 7 working days — RBI mandates it. If True Credit refuses or harasses you, file a complaint on the RBI Sachet portal.