Download the RING app, complete the KYC process, and apply for the loan. You will receive instant approval, and the funds will be disbursed to your account.
Instant loans for bigger dreams
Personal Loans up to ₹50,000
Flexible Repayment
Instant Bank Transfer
Affordable Rates
About Our ₹50,000 Personal Loan
Struggling to make ends meet? We've got you covered. Get ₹50,000 personal loan with RING's simple, hassle-free loan process. No endless paperwork, no hidden charges – just easy, fast cash. Whether it's a medical emergency, a dream vacation, or simply covering those unexpected bills, we've got you covered. Enjoy the freedom to spend it your way and repay it at a pace that suits you best with our flexible repayment plan.
Benefits of ₹50,000 Personal Loans
Receive immediate loan approvals
Apply with ease without any paperwork
Repay in up to 3 or 60 months
Attractive interest rates
Features of ₹50,000 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.
₹50,000 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
Nikhil
Mumbai
I needed a 50k personal loan to cover unexpected expenses, and RING made it so easy! The process was simple, and I had the money in my account within minutes. Highly recommend!
Hiteshi
Delhi
The low interest rates on personal loans up to 50000 and flexible repayment options were exactly what I was looking for. RING is the best app for personal loans!
Rishi
Madhya Pradesh
My freind called me once and said, “ I need 50,000 rupees loan urgently”. And to help her I started to search for an instant 50K loan, and I came across the RING app. Best discovery ever! The most useful app on my phone whenever I or anyone faces financial requirements.
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.
How can I get a ₹50,000 instant personal loan?
What is the EMI on a ₹50,000 loan?
Use our EMI calculator to determine your monthly instalments based on the interest rate and tenure.
What is the interest rate on a ₹50,000 personal loan?
The APR for personal loans on the RING app ranges from 18% to 36% per annum.
Can I get a ₹50,000 loan without collateral?
Yes, RING offers personal loans without any collateral requirements.
More Questions
