If you need money quickly and are looking for a loan app, the True Fund Loan App is a new option on the market. This app offers loans ranging from ₹5,000 to ₹1,00,000, with repayment periods of up to 12 months. However, it’s important to thoroughly vet the app before borrowing, as there are many fraudulent loan apps circulating on the market today. If you’re considering a loan from the True Fund Loan App, this article will be helpful; it provides complete information to help you decide whether to take one.
About the True Fund Loan App
True Fund is a digital lending platform—a product of Agrim Fincap Pvt Ltd, an RBI-registered non-banking financial company (NBFC). The app offers loans ranging from ₹5,000 to ₹1,00,000, with repayment tenures of up to 12 months. These loans are provided through its RBI-registered NBFC partner, Agrim Fincap Pvt Ltd.
However, we took an initial loan of ₹8,000 for 26 days from the True Fund Loan App; we received ₹7,056 in our bank account, and have to repay ₹10,080 after 40 days.
For example
If you take a loan of ₹8,000 from the True Fund Loan App, you can see the details below.
| Loan Amount | ₹8,000 |
| Loan Tenure | 26 days |
| Processing Fee + GST | ₹944 |
| Amount Credited to Bank Account | ₹7056 |
| Interest Amount | ₹2080 |
| Total Repayment Amount | ₹10,080 |
Note: This is a general overview of our loans; details may vary depending on your profile.
Eligibility Criteria
- Indian Resident
- Age over 21
- Minimum monthly salary of ₹20,000
Required Documents
- Aadhaar Card
- PAN Card
- Bank Statement
Benefits of taking a loan from the True Fund Loan App
- Fast money – Money is credited to your account within 10-30 minutes.
- Fewer documents – Just ID, bank statement, and some basic information.
- Loans even on bad credit – Even those with poor credit scores can get it.
- Emergency assistance – Useful if you suddenly need money.
Disadvantages of taking a loan from the True Fund Loan App
- High interest – 1-3% per day, or APR of 300-1000%. Short tenure: Repayment is required within 7-15 days.
- Danger of getting trapped – If you fail to repay on time, the interest will increase.
- Data theft – Many apps sell your data.
- Harassment – You may receive threatening calls if you don’t repay your money on time.
- Poor credit score – If you don’t repay your money on time, your score will drop.
Caution: Buy only in emergencies and only as much as you can afford to return and choose only RBI registered apps.
True Fund Loan App – Signs It’s a Scam
Before applying for a True Fund Loan, it’s important to be aware of some important warnings and red flags.
Hidden Fees & Interest
If you take out a loan of ₹8,000 from the True Fund Loan App, only ₹7,056 is credited to your bank account, while you have to repay a total of ₹10,080 in 26 days. This means you have to pay ₹3,014 more in 26 days. You should verify this information.
Policy Violation
Although the True Fund Loan App claims to offer loans up to ₹100,000 for a 12-month period, in reality, loans of ₹5,000 to ₹10,000 are being offered for a period of only 20 to 40 days; this violates RBI regulations.
False Promises
True Fund Loan Company promises emergency loans of up to ₹100,000; however, these loans are actually based on your salary, and you cannot obtain a loan without proof of income.
Extortion Tactics
Some users have complained about extortion tactics—including unauthorized access to their contact lists—that are often seen in fraudulent loan apps.
RBI Verification
Given the increasing number of fake loan apps, users are advised to check the registration status of True Fund Loan Company‘s NBFC partner, Agrim Fincap Pvt Ltd, on the official RBI website.
Things to keep in mind when applying for a loan
- When applying for a loan, be wary of apps that ask for excessive permissions—such as access to your contacts or photo gallery—as this information could be misused.
- Before applying for a loan, make sure the lending app is registered with the Reserve Bank of India (RBI).
- Before accepting any loan offer, carefully read all terms and conditions, interest amounts, fees, and other important details.
- Be sure to compare interest rates and processing fees with those of other lending companies.
- Always avoid loan apps that ask for payment before processing your application.
Is the True Fund Loan App Real or Fake
Some people consider the True Fund Loan App a “miracle” solution for emergency loans, but the reality is quite different. For example, after taking a loan from the True Fund Loan App, we found that a loan of ₹8,000 was approved. The loan amount received from the bank was ₹7,056. The loan tenure was 26 days. The expense of ₹3,014 for 26 days suggests that the company was created solely to lure users into a processing fee scam. Users are advised to verify that the company’s NBFC partner, Agrim Fincap Pvt Ltd, is indeed registered with the RBI.
FAQ
Is my data safe with True Fund?
True Fund Loan App prioritizes your data security. True Fund uses advanced encryption and secure systems to protect your personal and financial information.
What documents are required for loan approval?
Typically, you need identity proof (Aadhaar/PAN), address proof, bank statements, and basic income details.
What are the interest rates and charges in the True Fund Loan App?
Interest rates and fees depend on your profile, loan amount, and tenure. All charges are clearly disclosed upfront, and there are no hidden fees.
How long does True Fund loan approval and disbursal take?
True Fund loan approvals are typically completed in a short time, and once approved, funds are transferred directly to your bank account.
What is True Fund and who runs it?
True Fund is a digital lending platform operated by Agrium Fincap Private Limited, an RBI-registered NBFC. It offers fast, secure, and transparent personal loan solutions through a completely digital process.
How do I apply for a loan on the True Fund Loan App?
You can apply online by filling out a simple application form on the website https://truefund.in/. Submit your basic information, upload the required documents, and
What should I do if I have a complaint with the True Fund Loan App?
You can contact the True Fund support team at care@truefund.in. True Fund is committed to resolving issues quickly and clearly.
Note: This article is for informational purposes only. If you download the True Fund Loan App and decide to take out a loan through it, please exercise discretion and caution.
