True Link personal loans are quick, hassle-free, and secure making them one of the top rated personal loans in the country.
Top Features and Benefits Personal Loan
Given below are some of the most important features and benefits of a personal loan from the leading private finance company, True Link -
Quick Eligibility Check
Imagine checking for your eligibility within just 2 minutes! This is possible if you are applying for a personal loan from True Link.
Flexible Loan Amount
Everyone’s requirements will vary therefore applicants can borrow any amount between Rs, 5,000 to Rs. 5 lakhs based on their eligibility.
Flexible Repayment Term
Applicants can enjoy flexible repayment tenures of up to 5 years or 60 months
24 Hour Disbursal
The loan amount is disbursed to your account in 24 HOURS of approval.
Affordable Interest Rates
We understand how important interest rates are as they determine the EMI amount to be paid. At True Link, the interest rate starts at just 2% per month
Loans on Low Credit Score
The minimum score required is a CIBIL score of 600 or Experian score of 650.
Personal Loan Interest Rates and Other Charges
True Link loans are pocket-friendly and fit into your budget, making our personal loans one of the best in the market. Read on to know more about our competitive
| Fees & Charges | Amount to be Paid |
|---|---|
| Interest Rate | Starting from 2% per month |
| Loan Processing Charges | Starting from 2% and going up to 8% of the approved loan amount |
| Part/Full Payment of the Loan (Loan Foreclosure) |
|
| Interest on Overdue EMIs | 2.5% per month on the overdue EMI/Principal loan amount |
| Cheque Bounce | Rs.500/- for every bounce |
| Loan Cancellation |
|
Personal Loan Eligibility Criteria
Our eligibility criteria is broad and inclusive to ensure that individuals can avail our personal loans easily. Our personal loan criteria for salaried and self-employed individuals are clearly enumerated below for your reference.
For Salaried Individuals
- Applicants must be between 21 years and 57 years
- Income must be credited directly to the applicants’ bank account
- Minimum in-hand Income and Credit Score requirement is as follows-
| Income and Credit Score Eligibility Criteria | |||
|---|---|---|---|
| Minimum In-Hand Income | Area of Residence | CIBIL Credit Score Requirement | |
| Salaried Individuals | Rs 13,500 | Delhi | CIBIL Score of 600 /Experian Score of 650 and above |
| Rs 20000 | Mumbai/Thane or the NCR region (Delhi, Noida, Gurgaon, Ghaziabad, Faridabad, etc.) | New to Credit or CIBIL Score of 600 /Experian Score of 650 and above | |
| Rs 15000 | Metro City other than Mumbai and NCR | CIBIL Score of 600 /Experian Score of 650 and above | |
For Self-Employed Individuals
- Applicants must have a minimum In-hand income of Rs. 15,000 per month
- Income must be directly credited to the applicants’ bank account
- A minimum CIBIL score of 600 or more or Experian score 650 or more
- Applicants must be between the ages of 21 years and 57 years
Given below are the documents required for personal loans from True Link -
Documents Required for Salaried Applicants
-
Identity Proof
Please upload any one of the following documents -- PAN Card (This is the primary ID proof required. However, if it is rejected due to image quality issues or other reasons, any of the officially valid documents given below will suffice)
- Aadhaar Card
- Valid Indian Passport
- Valid Voter ID
- Valid Driver’s License
-
Address Proof
Please upload any one of the following documents -- PAN Card (This is the primary ID proof required. However, if it is rejected due to image quality issues or other reasons, any of the officially valid documents given below will suffice)
- Aadhaar Card
- Valid Indian Passport
- Valid Voter ID
- Valid Driver’s License
- Utility Bills (Electricity, Water, Gas) dated within the last 60 days
-
Income Proof
PLast 3 months’ bank statements of your salary account in PDF format showing salary credits
Follow the simple 4 steps below to avail personal loans from True Link -
Check Your Eligibility
Find out the maximum loan amount you’re eligible for online in 2 minutes
Select Your Plan
Choose a custom loan amount and the repayment period that suits your financial needs
Upload Your Documents
Provide your personal details and upload the necessary documents, all on the app or website
Get the Loan Amount
Get the loan amount disbursed to your account in 2 hours of approval
The information and documents provided by you will be verified after which you will receive a NACH form. You’ll need to print this form, sign, scan the document, and send it back to True Link
- This form is necessary to enable the auto-debit facility from your bank account allowing you to pay your EMIs on time automatically without the need for any manual intervention.
- On receiving your NACH form, you will need to review the loan agreement on the app. If you agree to the terms and conditions, you can submit the application.