The interest rate for a ₹10,000 personal loan from RING typically ranges from 18% to 36% per annum. The exact rate depends on factors such as your credit score, income, and repayment history.
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Personal Loans up to ₹10,000
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About Our ₹10,000 Personal Loan
RING's ₹10,000 personal loan is designed to meet your immediate financial needs. Whether it's for an unexpected expense or a small purchase, this loan can be your go-to solution. Our loan is designed to provide quick and easy access to funds. With minimal paperwork and a rapid approval process, you can receive your ₹10,000 loan in minutes. No more waiting around - get the money you need when you need it.
Benefits of ₹10,000 Personal Loans
Instant approval and quick cash disbursement
Zero paperwork and a simple application process.
Flexible repayment tenures tailored for your needs.
Attractive interest rates to make your payments more affordable.
Features of ₹10,000 Personal Loans
Credit Up to Rs. 5 Lakhs
Avail of credit up to Rs. 5 lakhs with paperless KYC.
Flexible Repayment
Choose repayment periods from 3 to 60 months.
Instant Approval
Money transferred to your bank account in 5 minutes.
Zero Paperwork
100% Digital - Hassle-free process
No Collateral Required
Secure a loan without pledging any assets.
Transparent Terms
Know all costs upfront with no hidden charges.
Competitive Rates
APR ranges from 32% to 57% per annum.
Multi-Purpose Loans
Use your loan for personal or business purposes
Check Your Eligibility
Instant Personal Loan Eligibility Criteria
To qualify for a personal loan applicants need to meet the following criteria:
- Nationality: Indian citizen.
- Age: Between 23 and 55 years.
- Documentation: Selfie, PAN Card, and Aadhaar Card.
- Income Proof: Required only for select high-value loans based on credit profile.
- Profile : Salaried, Self-Employed, Small busines owner & MSMEs
Having these documents prepared ensures a smoother and quicker application process
Follow these simple steps to get started:
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Verify Mobile Number
Enter your number on the RING app/website, receive an OTP, and verify.
₹10,000 Personal Loan EMI Calculator
Breaking Down the Cost: Interest Rates Explained
A tool designed to help you understand the monthly payment on your loan. Whenever you take a loan, the EMI amount that you will pay is very important in helping you arrive at your final loan amount and repayment tenure. Our personal loan calculator helps you do just that. You will be able to see your monthly payment, and this will help you decide what your loan amount should ideally be, and if it is payable over a period.
Principal Amount (A): ₹500,000
Interest Amount (B):
Your EMI: ₹ per month
Your Loan Amount: ₹500,000
At Interest Rate of: 2%
For : 2 years
Total Payable: ₹
Here’s a quick example to illustrate:
- Loan Amount (Principal): ₹1,00,000
- Tenure: 12 months
- Interest Rate: 13% per annum
- Processing Fee (incl. GST): ₹3000 (3%)
- Total Interest: ₹7,180.73
- EMI: ₹1,374.63
- APR: Start from 14%
Disclaimer - The Loan EMI Calculator only shows an estimate. Consult your lender for accurate details.
The Formula to Calculate EMI on Personal Loan
The formula for calculating EMI is as follows:
EMI = [P x R x (1+R) ^N]/ [(1+R) ^ (N-1)]
P= Principal loan amount | R= Monthly interest rate (annual interest rate divided by 12) | N= Loan tenure in months
**To explain it further, let’s see an example:**
Suppose you take a Personal loan for ₹5,00,000 with an annual interest rate (IR) of 10% for a tenure of, say, 5 years (60 months).
First, convert the annual interest rate to a monthly interest rate. In this case, the monthly interest rate would be 10%/12 = 0.00833.
Using the formula, you can calculate the EMI as follows:
EMI = [500000 x 0.00833 x (1+0.00833)^60] / [(1+0.00833)^60-1]
By simplifying the equation, you will find that the EMI for this loan would be approximately ₹10,609.
This means that your monthly payment will be ₹10,609 for 60 months to repay the loan amount along with the interest.
For a more detailed explanation, you can refer to this blog.
Hear from Our Happy Customers
Sameer
Mumbai
I needed quick cash for a medical emergency, and RING came through for me. The ₹10,000 loan urgent was approved and disbursed within hours. Highly recommend!
Manish
Chennai
As a freelancer, I often face irregular income. RING's 10,000 personal loan helped me bridge a cash flow gap without any hassle. The flexible repayment options are a huge plus!
Riya
Delhi
I was sceptical about online loans, but RING proved me wrong. The process was transparent, and the customer service was excellent. Will definitely use again if needed.
Find the Right Personal Loan For You
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Fund your dream vacation and make unforgettable memories with our travel loans. From flights to hotels and everything in between, we’ve got you covered so you can focus on enjoying your trip.
Personal Loan for Students
Invest in your future or your child's education with our flexible education loans. Cover tuition fees, buy study materials, or enrol in that special course without financial stress.
Personal Loan for Home Renovation
Give your home a makeover without breaking the bank. Whether it’s a new kitchen, a fresh coat of paint, or an extension, our loans make it possible.
Personal Loan for Weddings
Make your special day even more magical with our wedding loans. Plan the perfect wedding without worrying about the expenses, from the venue to the honeymoon.
Got Questions? Let's get to them.
What Is The Interest For A ₹10,000 Personal Loan?
How Long Does The Personal Loan Process Take?
With RING, the entire process, from application to disbursal, can be completed in as little as a few hours. The initial approval is often instant, subject to verification of your documents.
What Is The Repayment Tenure For A ₹10,000 Personal Loan?
RING offers flexible repayment tenures ranging from 3 to 24 months for a ₹10,000 personal loan. You can choose the tenure that best suits your financial situation.
What Is The EMI Of A ₹10,000 Loan?
The EMI for a ₹10,000 loan varies based on the interest rate and tenure. For example, at 24% per annum for 12 months, the EMI would be approximately ₹1,000. Use RING's EMI calculator to calculate a precise figure based on your terms.
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