TrustPaisa Loan
TrustPaisa offers instant personal loans up to ₹45,000 to Indian salaried and self-employed applicants aged between 18 and 65 years. The lender provides flexible repayment tenure up to 12 month and affordable interest rates starting from 18.25% p.a. The funds acquired can be utilised for any legitimate purpose, including medical bills, utilities, travel, education, and so on.
TrustPaisa Loan App Details
Below are the key details of the Trust Paisa loan:
| Loan Amount | ₹2,500 to ₹45,000 |
| Tenure | 91 to 365 days |
| Interest Rate | 18.25% p.a. |
| Processing Fee | 2% to 15% of Loan Amount (+ GST) |
| Age Requirement | 18 - 55 years |
| Minimum Income | ₹15,000 or above |
Features & Benefits of Trust Paisa Loan
The key features and benefits of the TrustPaisa Loan are as follows:
- Instant cash loan up to ₹45,000.
- Flexible repayment tenures of up to 12 months.
- An easy way to apply and to make payments.
- Special offers and promotions.
- Favourable conditions.
- Increased chances of approval.
- Funds can be used for travel, medical, education, utilities, and other expenses.
- Repayment through UPI, Netbanking, or Debit Card.
- Approval within a few minutes to a few hours, depending on document verification and system checks.
- You do not need any collateral/security for a personal loan.
- You can repay your loan earlier than the tenure.
TrustPaisa Loan Interest Rates & Charges
TrustPaisa Loan App levies the following interest rates and charges on its personal loans:
- Interest Rates: 18.25% p.a. onwards.
- Processing Fee: 2% to 15% of the loan amount + GST.
- Late payment charges: 0.1% - 0.2% + GST per day post-grace period.
- Account management fee: 0.2% to 0.4% per day + GST.
Compare TrustPaisa Loan App with Other Loan Apps
Below is a comparison of the Trust Paisa Loan app with other loan apps:
| Lender | Interest Rate | Loan Amount | Tenure |
|---|---|---|---|
| TrustPaisa | 18.25% p.a. onwards | ₹2,500 to ₹45,000 | 3 to 6 Months |
| RING | 3.8% p.m. onwards | ₹5,000 - ₹5 Lakh | 3 to 36 Months |
| Upwards | 16% – 36% p.a. | ₹25,000 – ₹5 Lakh | 6 to 36 Months |
| FLot Loan | 2% p.m. onwards | ₹1,000 – ₹99,000 | 3 to 12 Months |
| Jupiter Money | 1.33% p.m. onwards | Up to ₹5 Lakh | 3 to 24 Months |
| Airtel Finance | 12.75% p.a. onwards | ₹10,000 – ₹9 Lakh | 3 to 60 Months |
| Branch Loan | 2% – 4% p.m. | ₹500 – ₹5 Lakh | 3 to 12 Months |
| TrueBalance | 2.4% p.m. onwards | ₹5,000 – ₹2 Lakh | 6 to 12 Months |
| PayRupik | Up to 36% p.a. | ₹1,000 – ₹1 Lakh | 3 to 12 Months |
| Speedo Loan | Up to 1% per day | ₹5,000 – ₹1 Lakh | Up to 12 Months |
Eligibility Criteria for Trust Paisa Loan
The eligibility criteria for TrustPaisa Loan are mentioned below:
- The loan is available for personal applicants only.
- The applicant must be a citizen of India, currently residing in India.
- The applicant should be between 18 and 55 years of age at the time of application.
- The applicant must be currently employed, either salaried or self-employed.
- The applicant must have a steady income that can be verified through their bank account statement.
- The applicant must have a bank account in their name.
- The minimum salary requirement may vary depending on the borrower’s location and the type of loan. However, a monthly income of ₹15,000 or above is generally recommended for loan eligibility.
Documents Required for TrustPaisa Loan
To apply for the TrustPaisa Loan, you will only need to provide the following documents and information:
- PAN Card
- Aadhaar Card
- A valid bank statement
- Clear selfie for identity verification
- An active mobile number and a valid email ID
- Phone with a stable internet connection
- Regular monthly salary proved by a bank statement
Steps to Apply for a TrustPaisa Loan Online
You can apply for a TrustPaisa loan online through their mobile app or website by following the steps given below:
- Log in to the website/ mobile app of TrustPaisa.
- Enter the phone number linked to your Aadhaar Card and your email address.
- Select the loan option, and provide the necessary details, including your personal information, income proof, and KYC documents.
- Verify your documents and identity.
- Provide your preferred way to get money.
- Select the loan amount and term from the available options.
- Once the documents and details are submitted and the loan request is approved, the application will be processed within 24 to 48 hours.
- Sign your agreement with an e-signature.
- Receive your money in your bank account.
TrustPaisa Customer Care Details
In case of any query, problem, or grievance, you can contact the TrustPaisa customer care support team through the following ways:
| Helpline Number | 022-69875175 |
|---|---|
| Official Email | help@trustpaisa.com |
| Support Timing | 08:30 AM – 05:30 PM (Mon-Fri) |
| Service Days | Working Days (Excluding Holidays) |
FAQs
No. However, TrustPaisa operates as a Loan Service Provider or digital lending platform, facilitating loans through its RBI-registered partner NBFCs/Banks.
The TrustPaisa mobile app is completely safe. The lender prioritises the security and privacy of its customers and follows stringent measures to ensure their data is protected.
The maximum loan amount offered by TrustPaisa is ₹45,000.
The minimum salary required for a TrustPaisa Loan is ₹15,000 per month or above.
The approval process at TrustPaisa usually takes a few minutes, depending on document verification and system checks. In some cases, it may take up to a few hours.
Yes. However, while a higher CIBIL score increases loan approval chances, TrustPaisa’s system evaluates multiple factors, and you may still receive funds based on their internal assessment.
Reshma Rawat is a passionate writer with a decade of experience in writing for a variety of domains (finance, technology, lifestyle, e-commerce, real estate, etc.). Currently, she is working as Assistant Manager - Content @MyMoneyMantra and writes blogs & webpages on financial products (loans, credit cards, insurance, government financial policies, mutual funds, etc.).
Director- MyMoneyMantra FinTech| A senior retail and commercial banking professional, adept at handling Business Development, Sales Planning & Growth, Product Strategy, Marketing Operations and Client advisory services phygitally.