Short answer: True Balance focuses on smaller loans (₹5,000 to ₹2 lakh) from 2.4% a month, with Google Play showing APRs of 28.8% to 78% and fees up to 8.5%. KreditBee publishes a much lower rate range (12% to 27.5% a year), lends up to ₹10 lakh and caps its fee at 4.7%.
Last verified: 12 October 2026 from each company’s official website and, where marked, its Google Play listing. Rates and fees change; the lender’s Key Fact Statement (KFS) and loan agreement decide your actual terms. FundsTiger does not rank lenders.
True Balance vs KreditBee at a glance
| True Balance | KreditBee | |
|---|---|---|
| Type | Loan app (True Credits, an RBI-registered NBFC, plus partner lenders) | Loan app (Krazybee Services, an RBI-registered NBFC, plus partner lenders) |
| Loan amount | ₹5,000 to ₹2 lakh (website) | ₹3,000 to ₹10 lakh |
| Interest rate | From 2.4% a month (28.8% a year) | 12% to 27.5% a year (website); 12% to 28.5% (Google Play) |
| APR | 28.8% to 78% (Google Play) | 17% to 50% (Google Play) |
| Processing fee | 0% to 8.5% | Up to 4.7% + GST |
| Tenure | 6 to 24 months | 3 to 60 months |
| Minimum income | Not stated | ₹10,000 a month (household income above ₹25,000) |
| Who can apply | Salaried and self-employed | Salaried (2+ months in current job); self-employed options linked |
| Age | Not stated | 21 to 60 |
| Prepayment and foreclosure | Not stated | Foreclosure up to 5% of principal outstanding + GST; part-prepayment up to 5% of amount prepaid + GST |
| Product | Term loan; also a marketplace for partner apps | Term loan (EMI) |
| RBI-regulated lenders | True Credits, InCred Financial Services, Grow Money Capital, Vivriti Capital, Northern Arc Capital, Oxyzo Financial Services | Krazybee Services, PayU Finance India, Oxyzo Financial Services, Vivriti Capital, Cholamandalam Investment and Finance, Kisetsu Saison Finance, Tata Capital, Northern Arc Capital, Piramal Finance, MAS Financial Services, Mirae Asset Financial Services, Aditya Birla Capital |
| On RBI’s digital lending app list | Yes: 8 RBI-regulated lenders list it; 5Cr+ installs, rated 4.6 | Yes: 15 RBI-regulated lenders list it; 10Cr+ installs, rated 4.6 |
| Also worth knowing | Limit depends on credit score and income; Google Play example: ₹10,000 for 6 months at 2.4% a month with a 6% fee | Says low-CIBIL applicants may qualify; Penal charge 36% a year on overdue principal (2 to 180 days) |
Install counts and ratings are from Google Play, as recorded on RBI’s digital lending app list check of 5 October 2026.
What a ₹50,000 loan over 12 months would cost
We costed the same loan on each lender’s advertised figures, using the standard reducing-balance EMI formula and adding 18% GST to fees where the lender quotes them before tax. The lowest advertised rate is usually for the strongest credit profiles; many borrowers are offered more.
| Lender | Scenario | Rate a year | EMI | Total interest | Fee incl. GST | Total cost |
|---|---|---|---|---|---|---|
| True Balance | Lowest advertised rate, 6% fee (Play example) | 28.8% | ₹4,845 | ₹8,139 | ₹3,540 | ₹11,679 |
| True Balance | Lowest rate, highest fee | 28.8% | ₹4,845 | ₹8,139 | ₹5,015 | ₹13,154 |
| KreditBee | Lowest advertised rate | 12% | ₹4,442 | ₹3,309 | ₹2,773 | ₹6,082 |
| KreditBee | Highest advertised rate (website) | 27.5% | ₹4,813 | ₹7,757 | ₹2,773 | ₹10,530 |
Try your own numbers in our personal loan EMI calculator. For loans quoted only as APR, the APR already includes fees, so the total is an estimate.
Key differences
- Rate: True Balance from 28.8% a year; KreditBee from 12%.
- Fee: True Balance 0% to 8.5%; KreditBee up to 4.7% + GST.
- Loan size: True Balance up to ₹2 lakh; KreditBee up to ₹10 lakh.
- Tenure: True Balance 6 to 24 months; KreditBee 3 to 60 months.
Which should you choose?
True Balance may suit you if you have been turned down elsewhere and need a small amount, accepting a higher cost.
KreditBee may suit you if you qualify at its lower rates, as the same ₹50,000 costs less on its advertised range.
Whichever you pick, compare the APR in the KFS you are actually offered, not the advertised starting rate.
Before you apply
- Find the lender’s name in the app and check it on RBI’s list of digital lending apps or our RBI-registered NBFC search.
- Read the Key Fact Statement (KFS) before you accept. It must show the APR, every fee and the total you will repay.
- Never pay a fee before the loan is disbursed. Regulated lenders deduct fees from the loan or add them to the EMI.
- Apply to one or two lenders, not ten. Each application is a hard enquiry on your credit report.
- Check that the EMI fits your budget with our FOIR calculator.
Want to see offers from several RBI-regulated lenders in one place?
Frequently asked questions
Is True Balance RBI-registered?
True Balance is the app of True Credits Private Limited, an RBI-registered NBFC, and also works with partner lenders listed on its site.
Why is True Balance’s APR so high?
APR includes fees as well as interest. A fee of up to 8.5% on a short loan raises the APR a lot. Check the KFS before you accept.
Are these lenders RBI-regulated?
The loans described here are given by RBI-registered NBFCs or banks named in the table. Check the lender named in your loan agreement on RBI’s digital lending app list.
Where do these figures come from?
From each company’s official website and, where noted, its Google Play listing, checked on 12 October 2026. Where a company’s own pages disagree, we show both figures.
Sources
- True Balance website
- True Balance cash loan
- True Balance on Google Play
- KreditBee personal loan page
- KreditBee on Google Play
Read more: True Balance app review · KreditBee app review · All loan app reviews · Lender directory
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Disclosure: FundsTiger (Gatimaan Finance Advisors Pvt. Ltd.) is a loan marketplace and lending service provider for RBI-regulated lenders. Aparampaar Finance Pvt. Ltd. (Omozing), one of those lenders, is a related party of FundsTiger. This article is general information, not financial advice. Read your loan agreement and KFS before you decide.