If you need a personal loan in Ethiopia, True Balance offers an appealing solution with flexibility and ease. Borrowers can access loans from ETB 5,000 to ETB 200,000, with interest rates starting at 2.4% per month. The loan tenure ranges from 6 to 12 months, and approvals are based on both your credit score and income. The process is entirely online, making it one of the fastest ways to meet urgent financial needs.

How to Apply for a True Balance Loan

Applying for a True Balance loan is straightforward and can be handled on your smartphone:

1. Download the True Balance app from the Google Play Store or Apple App Store.
2. Install and register on the app.
3. Provide basic details, including ID and income documentation if prompted.
4. Select the desired loan amount and tenure.
5. Submit your application and await quick approval and disbursal.

Pros of True Balance Loan

True Balance stands out for its completely digital process, eliminating the need for paperwork. The approval is fast, and funds are transferred directly to your bank account, which is highly convenient for borrowers. Additionally, the monthly interest rate is competitive compared to many local lenders, and both salaried and self-employed individuals can apply.

Cons of True Balance Loan

While the digital experience is generally smooth, users not familiar with smartphone apps may face challenges. Also, the loan limit depends on your income and credit score, so not all applicants may get the maximum amount. Additional documentation may be required for self-employed applicants, adding a step to the process.

Verdict: Is True Balance Right for You?

Overall, True Balance delivers solid value with fast disbursal, flexible terms, and a secure platform. If you need a transparent and efficient loan option in Ethiopia, this is a strong contender for your shortlist.