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True Balance is a digital platform and facilitates loan through licensed NBFCs:

 

  1. True Credits Private Limited;

  2. Mamta Projects Private Limited

 

In this regard, please further note that:

 

  1. “True Balance” a digital platform owned by Balancehero India Private Limited (“True Balance”). Balancehero India Private Limited is a RBI authorized Prepaid Payments Instruments issuing entity.
     

  2. True Credits Private Limited (“True Credits”), a subsidiary of Balancehero India Private Limited is a Non- Banking Financial Company (NBFC-ND-NSI) duly registered with Reserve Bank of India (“RBI”) having its registered office at Gurugram.  A copy of Certificate of Registration to commence/ carry on the business of non-banking financial institutions along with other necessary details are placed on the website of True Credits (www.truecredits.in).
     

  3. Mamta Projects Private Limited (“Mamta Projects”), is a Non- Banking Financial Company (NBFC-ND-NSI) duly registered with Reserve Bank of India (“RBI”) having its registered office at Kolkata. Necessary details of the Mamta Projects is placed on its website (www.arthmate.com).