V2.4 Effective 20-Aug-2025

 

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"Recommender(s)" for the purpose of this Offer shall mean a person who holds True Balance Wallet (as defined hereunder) with Balancehero India Private Limited (“BHI”) after completing Full KYC formalities and has referred a relative, friend etc. for availing Cash Loan, Level-Up Loan or other identified loan products (“True Credits Loan”) from True Credits Private Limited (“True Credits”) via True Balance Application.

 

“Recommendee(s)” for the purpose of this Offer shall mean the person who has been referred by Recommender for availing True Credits Loan.

 

“True Balance Wallet” shall have the meaning as ascribed in Wallet T & C of BHI.

 

“Offer” shall mean Refer and Earn Offer for True Credits Loan.

 

“Referral Cashback(s)” shall mean reward in the nature of wallet money, or free points, or any other form as the company may deem fit, to be credited to the True Balance Account/ Bank Account of Recommender upon successful referral.

 

“Offer Period" shall mean the period commencing from July 24, 2025 to July 24, 2026 (both days inclusive).  The Company reserves the right to extend or curtail the Offer Period at its sole discretion. 

 

Other Terms and Conditions:

 

1. This Offer is applicable to True Credits Loan only. Recommender shall not be eligible for any Referral Cashback if any product/ service other than True Credits Loan was applied/ availed by Recommendee.

 

2. On every successful referral, Recommender shall get below Referral Cashback in relation to each Recommedee at the following stages:
   a. Upon Disbursal: 5% of the loan disbursed amount

 

Recommender shall get Referral Cashback(s) only with respect to the first loan availed by the Recommendee within 60 days of the recommendation by the Recommender.

 

Applicable Referral Cashbacks shall be informed to the Recommender on the True Balance Application at the time referral.

 

3. Recommender shall be eligible for Referral Cashback only if, Recommendee has got True Credits loan disbursed within the deadline (as the case may be) through shared link with Recommender within limited period/amount, which shall be provided on or before expiry of Offer Period.

 

4. Recommendee understands that upon completion of KYC, a Full KYC wallet of True Balance shall be opened in the name of Recommendee.

 

5. Recommender confirms having obtained the consent of Recommendee before providing him referral of True Credits Loan.

 

6. Recommendee’s loan application status (Invited/ Joined/ KYC Completed/ Approved / Rejected / Disbursed/ Repaid/ Overdue etc.) may be shared with Recommender to effectively check his status of Referral Cashback.