True Balance Referral Code

True Balance pays up to 10% on your friend's loan activity. Not on their signing up, and not once — on their borrowing, as they do it. That is worth sitting with before you share a code.

True Balance offers small-ticket digital loans in India. Its referral pays up to 10% on the loan activity of people you refer.

Read that phrase precisely, because the wording is doing something. You are not paid for a signup, and you are not paid once. You are paid a percentage of your friend's borrowing, as they borrow. A friend who installs the app and never takes a loan earns you nothing. A friend who borrows repeatedly earns you more each time.

This site has flagged this structure before, and each time it has been worth naming. Ludo Empire paid 2% of every entry fee a friend staked. Arihant Capital paid 20% of a friend's brokerage for three years. IDFC FIRST Bank's MyFIRST Partner pays 1.5% per loan disbursal. This is the most aggressive of them, because a per-disbursal commission at least ends with the loan while a share of "activity" continues as long as the borrowing does. Your financial interest points, unavoidably, towards someone you know borrowing more often and in larger amounts, in a small-ticket credit category where repeat borrowing is the outcome to worry about rather than the goal.

None of that means the lender is doing something improper — this structure is disclosed and commonplace. It means the person best placed to notice a friend borrowing too often is now being paid when they do, and that conflict should be stated out loud when a code is shared. If you would not say "I get a cut when you borrow" while sending it, that is the signal.

What the borrower is owed — publish this, because no referral page does. Under the RBI (Digital Lending) Directions, 2025, anyone taking a digital loan in India is entitled to the following, and knowing them is worth vastly more than any referral amount:

A Key Fact Statement before disbursal, digitally signed and delivered automatically, in the form required by the KFS Circular of 15 April 2024. It must state the Annual Percentage Rate — the all-in cost, not a headline interest rate — along with the sanctioned amount, tenor, monthly repayment, applicable penal charges and a link to the full statement.

A cooling-off period: a minimum of one day for very short loans and three days for tenors longer than a week, during which the loan can be exited by paying only proportionate interest and the disclosed processing fee. That is a real, enforceable right to change your mind, and it is the single most useful thing an anxious first-time borrower can be told.

Direct routing. Loan money must be disbursed straight into the borrower's own bank account, and repayments must go straight back to the regulated lender. Funds may not pass through a Lending Service Provider or any third party's account, other than in narrow cases such as recovery of delinquent loans or co-lending arrangements. If an app asks you to receive or repay money through anything other than your own account and the lender's, that is a red flag with a rule behind it.

And accountability cannot be outsourced: regulated entities must conduct enhanced due diligence on the service providers they work with, and outsourcing does not relieve them of responsibility for borrower outcomes. "The app is only a platform" is not an answer.

If you take one thing from this page rather than a referral code, take the cooling-off period and the APR. Those two together let you find out what a loan actually costs and get out of it if the answer is wrong.