RING offers unsecured personal loans of ₹15,000 with instant approval. Simply download the RING app, complete the quick KYC process, and apply for your loan. With our digital process, you can receive funds in your account within minutes of approval.
Personal Loans up to ₹15,000
Quick Loans to meet your needs
Flexible Repayment
Instant Bank Transfer
Affordable Rates
About Our ₹15,000 Personal Loan
If you’re looking for a ₹15,000 loan, RING offers a quick and hassle-free solution. Forget the hassle of traditional loans. With our lightning-fast approval process, you can access the funds you need in minutes, not days. Say goodbye to mountains of paperwork—our simple application only requires minimal documentation. Whether it's a medical emergency, a home repair, or a dream purchase, RING has you covered. Enjoy the freedom to choose a repayment plan that fits your budget, without any hidden fees. Experience the future of borrowing with RING—your partner for quick, easy, and hassle-free personal loans.
Benefits of ₹15,000 Personal Loans
Get quick access to your money with swift approval and disbursement.
Enjoy an easy and hassle-free loan application with Zero Paperwork
Choose a repayment plan that fits your budget and financial goals.
Attractive interest rates to make your payments more affordable.
Features of ₹15,000 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.
₹15,000 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
Rahul S.
Mumbai
I needed a quick ₹15,000 loan for an urgent home repair. RING's instant approval process was a lifesaver! I completed the application in minutes and had the money in my account the same day. The flexible repayment options made it easy to manage my budget.
Priya M.
Delhi
As a freelancer, I sometimes face cash flow issues. RING's ₹15,000 loan helped me bridge a gap between projects. The paperless process and competitive interest rates make it my go-to option for short-term financial needs.
Amit K.
Bangalore
I was sceptical about online loans, but RING's transparency and customer service won me over. The ₹15,000 loan process was straightforward, and I appreciated the clear terms and conditions. Plus, the rewards program is a nice bonus!
Find the Right Personal Loan For You
Personal Loan for Travel
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.
I Need A 15,000 Rupee Loan Urgently - How Can I Get It Without Security Quickly Online?
How Much Interest Will I Need To Pay On A ₹15,000 Personal Loan?
RING's interest rates range from 18% to 36% APR. The exact rate depends on factors such as your credit profile and repayment term. Use our EMI calculator to estimate your total interest cost.
I Urgently Need A ₹15,000 Loan. How Quickly Can I Get It Processed?
RING offers instant approval, with the entire process from application to disbursement typically completed within minutes. Ensure you have your PAN and Aadhaar ready for a seamless experience.
What's The Repayment Tenure For A ₹15,000 Instant Loan?
RING offers flexible repayment terms ranging from 3 to 24 months. Choose a tenure that best fits your financial situation and repayment capacity.
More Questions
