top of page
True Balance Refer and Earn

True Balance


GoodBadNot greatGoodGreatAwesome

Refer friends, get 5% on their loans, 2% on disbursal, and 3% on repayments. Earn passive income through True Balance's loan referral program.

Q: What is True Balance?

A: True Balance is a leading digital wallet and financial services app in India. It allows users to recharge mobile, DTH, and data cards, pay bills, transfer money, and access various financial services like loans, insurance, and investments.

Q: How does True Balance work?

A: True Balance works as a digital wallet where users can add money through various payment methods like debit/credit cards, net banking, or UPI. The app provides a seamless experience for recharges, bill payments, and accessing financial services.

App Name

True Balance


Charlie Lee, David Chen, and Cheolmin Park

Established Year


Refer and Earn Program


Referral Benefit

Earn 5% on every referred loan, 2% on disbursal when a friend gets a loan, and 3% on repayments when a friend repays an EMI

Referrer Benefit

Earn rewards for successful referrals

Referral Code

Unique code/link for each user

Referral Eligibility

May vary, but typically requires a verified account and meeting KYC norms

Q: What is the True Balance Refer and Earn program?

A: The True Balance Refer and Earn program is an initiative where existing True Balance users can refer friends to take out loans through the True Balance app, earning percentage rewards based on the loan activities of their referrals.

Q: How does the True Balance referral program work?

A: When you refer a friend to True Balance using your unique referral code or link, you become eligible to earn a percentage of the value of loans they take out, disbursals they receive, and EMIs they repay.

Q: How much can I earn for referring a loan through True Balance?

A: For every loan you refer that gets approved and disbursed, you earn a 5% reward on the loan amount.

Q: Do I earn rewards when the friend I referred gets a loan disbursed?

A: Yes, when the friend you referred successfully gets a loan disbursed, you earn a 2% reward on the disbursal amount.

Q: What benefits do I get when my referred friend repays a loan EMI?

A: When your referred friend repays their loan EMI, you receive a percentage reward too. Specifically, you earn 3% of the EMI amount they repay.

Q: Is there a limit to how much I can earn through the True Balance referral program?

A: As of my knowledge cutoff date, there might be certain terms and conditions governing the limits of earnings. For the most accurate and current information, please check the official True Balance website or app.

Q: Can I refer multiple friends to True Balance and earn rewards for each one?

A: Yes, you can refer multiple friends using your unique referral code. You will be eligible for rewards for each friend who takes out a loan, gets disbursal, and repays EMIs.

Q: How do I refer a friend to True Balance?

A: You can refer a friend by sharing your unique referral link or code with them, which they must use to sign up for True Balance and apply for a loan.

Q: Is there a time limit within which my referred friend must take a loan for me to earn rewards?

A: The specifics regarding time limits can vary, so it’s best to refer to the True Balance app or website for the most up-to-date information on referral program rules.

Q: How do I track my earnings from the refer and earn program?

A: Earnings can typically be tracked within the True Balance app, where you'll find a section dedicated to the referral program that displays your accrued rewards.

Q: When and how are referral rewards credited to my account?

A: Referral rewards are mostly credited to your True Balance account after the conditions are met (loan disbursed, EMI repaid). For specifics on timing and method, check the app's referral section.

Q: Can I use my earned rewards to repay my loans or EMIs on True Balance?

A: Most referral programs allow you to use earned rewards towards various in-app services, but check True Balance's current terms of use for confirmation on using rewards for loan repayment.

Q: Are there any conditions that my referred friend needs to meet for me to earn my rewards?

A: Your referred friend will likely need to meet certain criteria such as loan approval, timely disbursal, and repayment for you to earn your rewards. It's important to review the program terms for full details.

Q: What type of loans are eligible for earning rewards through the True Balance refer and earn program?

A: Typically, referral rewards are earned on personal loans disbursed through the app. For a full list of eligible loan types, check the True Balance platform.

Q: Can I withdraw my earned rewards from the True Balance referral program as cash?

A: Withdrawal options for referral rewards can vary; some programs may allow cash withdrawals while others might offer credit for services within the app. For the latest information on this, please review the True Balance terms of service or contact customer support.

Q: Is True Balance safe and secure?

A: Yes, True Balance employs robust security measures like encryption, two-factor authentication, and adherence to RBI guidelines to ensure the safety of user data and transactions. It is a trusted and reliable platform for digital financial services.

Q: What are the payment methods accepted by True Balance?

A: True Balance accepts multiple payment methods including debit/credit cards, net banking, UPI, and various digital wallets like Paytm, PhonePe, and Amazon Pay for adding money to the wallet.

Q: Can I transfer money from True Balance to a bank account?

A: Yes, True Balance allows users to seamlessly transfer money from their wallet to any bank account in India. The process is quick and hassle-free, with minimal transfer charges.

Q: Does True Balance offer any cashback or rewards?

A: Yes, True Balance frequently runs cashback and rewards programs for its users. Users can earn cashback on recharges, bill payments, and other transactions, which gets credited to their True Balance wallet.

Q: How can I access loans or credit through True Balance?

A: True Balance has partnered with various lending institutions to offer personal loans, credit lines, and buy now pay later (BNPL) services to its users. The process is streamlined and convenient within the app.

Q: What types of bills can I pay through True Balance?

A: True Balance allows users to pay a wide range of bills including electricity, gas, water, broadband, DTH, and more. The app supports billing partners across multiple service providers and locations.

Q: Is there a limit on the amount I can add to my True Balance wallet?

A: Yes, there is a limit on the amount that can be added to the True Balance wallet. The limit varies based on the user's KYC status and is in compliance with RBI guidelines.

Q: Can I use True Balance for online shopping or booking services?

A: Yes, True Balance can be used for online shopping and booking services like movie tickets, travel bookings, and more. The app has partnered with various merchants and service providers for seamless payments.

Q: How can I check my True Balance wallet balance and transaction history?

A: Users can easily check their True Balance wallet balance and transaction history within the app. The app provides a clear and detailed statement of all transactions for better tracking and management.

Q: Is there a customer support service available for True Balance users?

A: Yes, True Balance offers dedicated customer support through various channels like email, phone, and in-app chat. Users can reach out to the support team for any queries or assistance regarding the app and its services.

Q: Can I use True Balance for international transactions?

A: No, currently True Balance only supports domestic transactions within India. International transactions or cross-border payments are not available on the platform.

Q: What are the charges or fees associated with using True Balance?

A: True Balance charges minimal fees for certain services like money transfers, bill payments, and loan processing. However, most basic services like recharges and wallet loading are free of charge.

Q: How can I update my KYC details on True Balance?

A: Users can easily update their KYC (Know Your Customer) details within the True Balance app by providing the required documents like Aadhaar card, PAN card, or other valid ID proofs.

Q: Does True Balance offer any investment options?

A: Yes, True Balance has recently introduced investment options like mutual funds and digital gold within the app. Users can explore these investment opportunities and diversify their financial portfolio.

Q: Is there a referral program or incentive for inviting friends to True Balance?

A: Yes, True Balance runs a referral program where users can earn rewards or cashback by inviting their friends and family members to join and use the app.

Q: Can I use True Balance on multiple devices?

A: Yes, True Balance can be used on multiple devices like smartphones, tablets, or laptops. Users can sync their account across devices for a seamless experience.

Q: What security measures does True Balance take to protect user data?

A: True Balance employs robust security measures like data encryption, two-factor authentication, and adherence to RBI guidelines to protect user data and transactions. The app also has a dedicated security team to monitor and prevent any potential threats.

Q: How can I delete or deactivate my True Balance account?

A: Users can delete or deactivate their True Balance account by following the steps provided within the app's settings or by contacting the customer support team. However, it is recommended to withdraw any remaining balance before deactivating the account.

Subscribe Us

Get latest news on our referral program.

Subscribe Refer Karo Earn Karo.jpg

Thanks for subscribing!

Join Our Community 

Get Chance to Win Free Referral Reward

  • Whatsapp Community - Refer Karo Earn Karo
  • Telegram Page - Refer Karo Earn Karo
Finance Apps Referral Program.gif

Financial Apps Referral Program

Payment Apps Referral Program.gif

Payment Apps Referral Program

Crypto Apps Referral Program.gif

Crypto Apps Referral Program

Shopping Apps Referral Program.gif

Shopping Apps Referral Program

Travel Apps Referral Program.gif

Travel Apps Referral Program

Educational Apps Referral Program.gif

Educational Apps Referral Program

bottom of page