Cash Loan

Cash Loan and Personal Loan are similar in nature on True Balance. The app shows the option best suited to your current eligibility and need. Choose based on the loan amount and tenure offered to you, not on the product name.

The loan amount is disbursed directly to your registered bank account. You can then withdraw it as cash, transfer it via UPI, or use it however you need. There's no in-person cash handover.

A cash loan is unsecured and unrestricted in usage — you can use it for any personal expense: medical bills, education, household needs, repairs, emergencies, or any planned spending.

A cash loan typically has a lower interest rate and a structured EMI repayment, while a credit card cash advance has very high interest charged from day one with no grace period. For larger amounts, a cash loan is usually significantly cheaper.