With RING, you can apply for personal loans ranging from as low as ₹10,000 to as much as ₹5 lakhs. The maximum amount you can borrow depends on your eligibility and credit profile, which RING assesses instantly when you apply. The higher your creditworthiness, the more loan you can get approved for!
Your Low-Interest Personal Loan App:
Fast, Flexible, and For You!
Discover financial freedom with RING, India’s most trusted low-interest personal loan app.
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Low Interest Personal Loan App
Looking for a low-interest personal loan app? RING is your go-to solution for fast, paperless, and affordable credit. Offering loans up to ₹5 lakhs with flexible repayment plans, RING makes it easy for you to access funds when you need them, without the heavy interest burden. From long-term goals to quick cash for an urgent need, RING ensures you get what you need, on your terms.
Benefits of Low Interest Personal Loan App
Low-Interest Loans: Get access to loans with competitive APRs starting from 18%.
Quick Approval: No lengthy paperwork; get approved instantly.
Safe & Secure: Your data is protected with end-to-end encryption and secure transactions.
Rewards Galore: Enjoy cashback and rewards every time you use RING.
Features of Low Interest 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 Low interest 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.
Low Interest 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 Low Interest 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 Low Interest 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
Arjun M
Mumbai
RING is my go-to low-interest personal loan app! As a small business owner, I often need quick access to funds, and RING delivers every time. I applied in just 5 minutes, and the money was in my account the same day. What really stands out is how low the interest rates are compared to other apps I’ve used. The flexible repayment options let me manage my cash flow easily, without putting too much strain on my finances. RING has become a crucial tool in my business operations, and I’m incredibly grateful!
Meera K
Delhi
I was in urgent need of funds to cover a personal emergency, and RING came through when I needed it most. The instant approval process was a game-changer. I didn’t have to go through tedious paperwork or wait for days to get the money. Everything was done online, and I got my loan at a low interest rate, which saved me a lot in the long run. The fact that I could choose a repayment period that worked for me was a huge relief. I recommend RING to anyone who needs quick, hassle-free loans.
Ravi P
Bangalore
I’ve used several loan apps before, but none of them matched the efficiency and security of RING. The loan application process was incredibly smooth—I got approved in minutes, and the funds were transferred to my bank almost immediately. Plus, RING offers some of the lowest interest rates out there. I felt secure throughout the entire process, knowing my information was safe. For anyone looking for a low-interest personal loan app, RING is the best choice.
Anita S
Pune
When my mother had an unexpected medical emergency, I needed money fast to cover the hospital expenses. RING provided me with a quick, low-interest personal loan without any hassle. I was able to apply within minutes, and the funds were disbursed instantly. I opted for a 12-month repayment plan, and the low interest made it so much more manageable. RING truly helped me when I needed it the most, and I appreciate how simple and secure the entire process was.
Vikas R
Hyderabad
The feature that stood out the most to me about RING is how easy the repayment process is. I’ve taken loans from other apps before, but none of them offered such flexible terms. With RING, I could choose a repayment period that suited my budget. I took a loan for a personal expense, and the app allowed me to pay it back over 18 months, which made the monthly payments easy to handle. RING’s low-interest rates also helped me save a lot of money. It’s the perfect app for anyone looking for a low-interest personal loan.
Pooja J
Chennai
I absolutely love using RING! Not only did I get a low-interest loan when I needed it, but I also enjoy the amazing rewards and cashback offers every time I make a payment through the app. It’s like getting rewarded for borrowing responsibly! The interest rates are really competitive, and the loan terms are flexible. RING is more than just a loan app—it’s a complete financial solution that makes managing money fun and stress-free. Plus, I can use it to shop both online and offline, which is super convenient!
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 maximum loan amount I can get on RING?
How quickly can I get approved for a loan?
RING is designed for speed. Thanks to our paperless KYC process, approval is lightning-fast! In most cases, users are approved within 5 minutes, and the funds are disbursed almost immediately. It’s the perfect solution when you need quick access to money without the hassle of traditional bank loans.
What are the interest rates for RING loans?
RING offers one of the most competitive interest rates in the market, starting as low as 18% per annum and going up to 36%, depending on your credit score and loan amount. RING ensures that you get access to low-interest personal loans, making repayment easier and more affordable.
How do I repay my loan?
RING offers flexible repayment options that fit your schedule and budget. You can choose to repay your loan in tenures ranging from 3 months to 24 months. Repayments are made easily through the RING app using a variety of methods including UPI, net banking, or auto-debit from your bank account. You also get notifications to remind you of your upcoming payments, ensuring you never miss a deadline!
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