To qualify for a personal loan of ₹70,000, you must be an Indian citizen aged 21 or above with a valid PAN and Aadhaar card. Your credit history will also be taken into account for approval.
Instant ₹70,000 Personal Loan
Fast Approval, Fast Cash!
Flexible Repayment
Instant Bank Transfer
Affordable Rates
About Our ₹70,000 Personal Loan
Need cash in a flash? RING has got you covered with a personal loan of ₹70,000 that’s perfect for tackling urgent expenses, big or small. Whether it’s a medical emergency, travel plans, or just taking care of everyday finances, this loan comes with instant approval, no paperwork, and super-fast disbursal. Ready to solve your cash flow issues within minutes!
Benefits of ₹70,000 Personal Loans
Instant approval within minutes
Quick, paperless process
Flexible Repayment Tenure
Attractive interest rates
Features of ₹70,000 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.
₹70,000 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
Shreya P.
Mumbai
I was in need of a personal loan of ₹70,000 for some unexpected medical expenses. With RING, the approval was quick and effortless. Within minutes, the money was in my account. This app truly saved the day!
Ravi T.
Delhi
I needed a quick cash boost for home repairs, and RING’s ₹70,000 personal loan came through faster than I imagined. The process was 100% digital, and I didn’t even have to step out of my house. Super convenient!
Anjali M.
Pune
When my wedding expenses went beyond the budget, RING’s personal loan of ₹70,000 was a lifesaver! The repayment options were flexible, and I loved that I didn’t have to provide any collateral.
Rahul S.
Bangalore
I had an emergency business trip and needed cash immediately. RING’s instant ₹70,000 personal loan got approved in minutes, and I was able to book my flights without delay. Fast and reliable!
Priya J.
Hyderabad
I had always hesitated when it came to taking a loan, but RING made it so simple. Their personal loan of ₹70,000 had no paperwork, and I was able to manage everything from my phone. Great experience!
Suresh R.
Chennai
Applying for a loan has never been easier. I was worried about getting quick approval, but RING’s ₹70,000 personal loan was instantly disbursed into my account, and I got on with my day without any hassles.
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.
What is the eligibility for getting a ₹70,000 personal loan on RING?
How long does it take to process a ₹70,000 personal loan?
With RING, the entire process – from applying to receiving the loan – takes less than 5 minutes. The approval is instant, and the ₹70,000 personal loan is disbursed directly into your bank account.
What documents are required to get a personal loan of ₹70,000?
The process is fully digital and requires only basic documents like your PAN card and Aadhaar card. There’s no need for any physical paperwork.
How can I repay my ₹70,000 personal loan?
RING offers multiple repayment options, making it convenient to pay back your ₹70,000 personal loan. You can choose flexible tenures between 3 to 24 months. Payments can be made via the app using UPI, net banking, or through other available options.
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