TruePay

TruePay is the official digital lending application of Truepay Finance Private Limited (formerly Jain Finscap Private Limited), an RBI-registered Non-Banking Financial Company (NBFC-ICC).

RBI Certificate of Registration No.: B.01.00455. All loans are directly sanctioned and disbursed exclusively by Truepay Finance Private Limited. This app is listed in the RBI Digital Lending Apps (DLAs) deployed by Regulated Entities list.

Truepay Finance Private Limited holds a valid RBI Certificate of Registration under Section 45 IA of the RBI Act, 1934. All loans are sanctioned and disbursed exclusively by Truepay Finance Private Limited in accordance with applicable RBI regulations.

The app enables eligible users to apply for loans, complete verification, receive disbursement, and manage loan repayments securely through a single mobile platform.

• Secure Login
- Login using registered mobile number
- OTP-based authentication for secure access

• Credit & Eligibility
- Check your CIBIL score
- Understand credit profile and loan eligibility

• Loan Products Offered
Users can apply for the following loan products provided directly by Truepay Finance Private Limited:
• Personal Loan
• MSME Loan
• Micro Loan
• Daily Loan
• Loan Against Property (LAP)

• Loan Application Process
1. Apply for Loan: Submit required personal, financial, and KYC documents (PAN, Aadhaar, income proof, and property documents for LAP).
2. Loan Approval: Loan applications are evaluated and approved directly by Truepay Finance Private Limited in accordance with RBI regulations.
3. Bank Verification & e-Mandate: Complete bank account verification and authorize e-mandate for EMI auto-debit.
4. Loan Disbursement: Upon approval and verification, the loan amount is credited directly to the borrower’s verified bank account.

• EMI & Repayment Management
- Monthly EMI payments
- Overdue payment settlement
- Pre-payment facility
- Loan foreclosure after the first month

• Mandatory Loan Disclosure (India)
- Minimum Repayment Tenure: 6 months
- Maximum Repayment Tenure: 36 months
- Minimum Annual Percentage Rate (APR): 12% per annum
- Maximum Annual Percentage Rate (APR): 36% per annum

•Representative Example of the Total Cost of the Loan:
Loan Amount: ₹50,000
Tenure: 12 months
Interest Rate (APR): 24% per annum
Monthly EMI: ₹4,730
Total Interest Payable: ₹6,760
Total Repayable Amount: ₹56,760

• Regulated Entity Details
Loans are provided exclusively by:
Truepay Finance Private Limited (formerly known as Jain Finscap Private Limited)

Registration (CoR) No.: B.01.00455
Category: NBFC-ICC (Non-deposit taking)
This digital lending app is listed under the RBI Digital Lending Apps (DLAs) deployed by Regulated Entities list.

• Contact & Grievance Redressal
If you have any questions or require assistance, please contact our Grievance Redressal Officer:
Email: grievance@truepay.co.in
Phone: +91 9227825102
Registered Address: 702, 7th Floor, Fortune Business Hub, Science City Road, Sola, Ahmedabad, Gujarat 380060
Website: https://truepay.co.in/

• Eligibility
Applicants must be Indian residents, 18 years of age or older.

This digital lending app is listed under the RBI Digital Lending Apps (DLAs) deployed by Regulated Entities list.

• Disclaimer
Truepay Finance Private Limited does not provide financial advice. Loan approval, interest rates, tenure, and repayment terms are determined as per applicable RBI regulations. Users are advised to carefully review all loan terms before acceptance.