An instant personal loan app is a digital platform that allows you to apply for and receive a personal loan within minutes. With just a few taps, you can complete your KYC, get approved, and have the loan amount disbursed into your account—without stepping out of your home or submitting any physical documents.
Get Your Dreams Moving with the Best
Instant Personal Loan App
Looking for a fast, reliable way to fund your dreams? Meet Ring, India’s favourite instant personal loan app.
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Instant Personal Loan App
At Ring, we believe in empowering you to achieve more. Our instant personal loan app offers quick access to loans ranging from Rs. 2 lakhs to Rs. 5 lakhs, with seamless processing that takes under 5 minutes. Designed for the go-getters, our app provides flexible repayment terms, ensuring you can manage your finances your way. Plus, higher pre-approved loan limits for those who repay on time!
Benefits of Instant Personal Loan App
Instant Approval – Your loan will be approved in minutes!
Completely Digital – No paperwork, no hassles.
Flexible Repayment – Choose what works best for you.
No Collateral Required – It's all about trust.
Features of Instant Personal Loan App
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
We've made it easy and convenient to apply for a Instant personal loan app with us.
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.
Instant Personal Loan App 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 Instant Personal Loan App
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 Instant Personal Loan App 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
Anjali Mehta
Delhi
I was looking to revamp my home but was short on funds. That’s when I came across the Ring app. Honestly, I didn’t expect it to be this easy. I applied for a loan, completed the KYC in just a few minutes, and boom! The money was in my account. The entire process was so smooth and paperless. What surprised me even more was the rewards I received on my transactions. I’ve used other loan apps before, but Ring is hands down the best instant personal loan app out there!
Rohit Sharma
Mumbai
As a small business owner, quick access to credit is a lifeline for me. I often need funds at short notice, and traditional banks can be such a hassle. Enter Ring! The app is super easy to use and incredibly fast. I got my loan approved in under 5 minutes with no unnecessary paperwork. The best part? I didn’t have to provide any collateral. Ring has become my go-to solution for instant credit.
Sonia Patel
Bangalore
Buying a new car felt like a dream that was too far off. But then a friend recommended the Ring instant personal loan app. I decided to give it a try. The approval process was fast, and before I knew it, I had the funds to make my dream come true! The app’s interface is user-friendly, and the customer service is excellent. The flexibility in repayment options really made things easier for me to manage. Plus, the rewards and cashback on transactions are just the cherry on top.
Rajesh Gupta
Hyderabad
I’ve used several loan apps before, but nothing compares to Ring. From the moment I downloaded the app, the process was incredibly seamless. The fact that I could pay at over 8 lakh merchant stores across India was a huge plus for me, especially for my business needs. What really stood out was how transparent the whole process was—no hidden fees, no sneaky terms. I’d recommend Ring to anyone who’s looking for a reliable and instant personal loan app.
Pooja Khanna
Pune
The thought of taking a loan was always stressful for me, mainly because I feared complicated terms and rigid repayment schedules. But Ring changed that. I needed a loan for my wedding expenses, and the instant approval with no physical documentation was a blessing! The flexibility in choosing my repayment tenure made it so much easier to plan things out financially. Plus, I was surprised to find that the app didn’t require any collateral, which was a huge relief. Ring truly understands its customers.
Amit Tiwari
Jaipur
Whether it’s a medical emergency or an impulsive shopping spree, I know I can always rely on the Ring instant personal loan app. The speed and ease of use are unmatched. I remember needing quick cash for an emergency, and Ring came through in just a few minutes. The best part is the app’s customer-first approach—they’re transparent, quick, and always ready to help. Every millennial who values simplicity and speed should definitely have this app on their phone.
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 an instant personal loan app?
How does the Ring instant personal loan app work?
The Ring app is designed for ease and speed. Simply download the app, register using your PAN and Aadhaar, and complete a quick digital KYC process. Once verified, you can select the loan amount you need and get approval in minutes. The money is transferred to your account instantly, ready to be used for any purpose you choose!
What is the maximum loan amount I can get through the Ring app?
You can avail of loans up to Rs. 5 lakhs, depending on your credit profile and eligibility. Ring’s flexible loan offerings cater to various needs, whether it's for a small personal expense or a larger financial commitment.
How quickly can I get my loan approved?
With the Ring app, your loan approval process is lightning-fast! Once you complete the paperless KYC process, the loan can be approved in under 5 minutes. This makes Ring one of the fastest instant personal loan apps in India.
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