RING offers personal loans up to ₹5 lakhs. Whether you need funds for an emergency, business, travel, or a big purchase, our online personal loan app has you covered. Higher pre-approved loan amounts are unlocked with timely repayments.
Dream Big, Borrow Smart with RING – India’s Best
Online Personal Loan App!
Welcome to a world of possibilities with RING, your go-to online personal loan app. Quick, seamless, and designed for the ambitious! Whether you're looking to grow your dreams or handle emergencies, we’ve got your back.
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Online Personal Loan App
RING is a Made-in-India app, built to empower India’s young and ambitious minds. With instant access to personal loans of up to ₹5 lakhs, and the ability to transfer funds directly to your bank account, financial flexibility is right in your pocket. Say goodbye to tedious paperwork! With RING’s online personal loan app, you can complete a quick and paperless KYC in just 5 minutes. No hassle, no waiting, just pure convenience.
The app caters to all your needs, whether it's for your next big purchase, a dream vacation, or tackling unexpected expenses. And with flexible repayment terms ranging from 3 to 24 months, your financial freedom is closer than ever.
Benefits of Online Personal Loan App
Fast and Paperless: Get approved in under 5 minutes on our online personal loan app.
Loan Up to ₹5 Lakhs: Quick cash when you need it, right at your fingertips.
Flexible Repayment Options: Tailor your payments over 3 to 24 months.
No Collateral Needed: Secure the loan with just your documents, no assets required!
Features of Online 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 Online 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.
Online 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 Online 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 an Online 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
Manav
Pune
I needed an urgent loan for a family emergency, and the RING online personal loan app came through in minutes. I had no idea getting credit could be this simple! The KYC process took less than five minutes, and I had money in my bank account before I knew it. The app is incredibly user-friendly, and I didn’t have to go through endless paperwork like with traditional loans. RING really saved the day!
Kripa S.
Bangalore
I’ve been using RING for more than just loans—I make payments, use it for transfers, and even earn rewards while doing so! It’s not just the online personal loan app, it’s my all-in-one financial tool. I love how secure the app is, and I’ve never had any issues. Plus, I recently got a loan for my travel plans, and the flexibility of repayment options made it really easy for me to budget. With RING, managing my finances has become a breeze.
Ravi Sudan.
Mumbai
RING’s customer service is truly on another level. I had a few questions before applying for a loan, and their support team guided me every step of the way. What I appreciate the most is their transparency—no hidden charges, no shady tactics. Just straightforward lending with terms I could understand. When I needed to extend my repayment, they were empathetic and helpful. RING feels more like a financial partner than just an app.
Prerna D.
Delhi
I’ve always wanted to start my own small business but never had the funds. Thanks to RING, that dream is now a reality. The application process was incredibly fast, and I didn’t have to put up any collateral. I applied for a loan, and within hours, I was approved. Their online personal loan app is incredibly easy to navigate, and the flexible repayment options allowed me to focus on growing my business without the stress of financial strain. It’s a game-changer!
Suresh P.
Hyderabad
I needed some quick cash to cover unexpected medical expenses, and RING was there when I needed it the most. The best part? I didn’t have to step out of my house. Everything was handled online, from KYC to disbursement. Within minutes, I had the funds transferred directly to my bank account. The online personal loan app is fast, reliable, and has become my go-to for any financial needs. I would recommend RING to anyone looking for hassle-free loans!
Dina R.
Kolkata
I’ve used other loan apps before, but RING is by far the best. The thing I love most about RING is how transparent and flexible they are. I could choose a repayment plan that worked with my budget, and there were no hidden charges or fees. The app also doesn’t invade your privacy by asking for unnecessary permissions. Their safety measures give me peace of mind, and I’ve recommended RING to all my friends. This online personal loan app is truly the future of lending!
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 through RING?
How quickly can I get my loan approved?
Your loan can be approved in as little as 5 minutes! Simply complete the quick KYC process, and you’ll receive an instant approval decision through the app. Once approved, funds are disbursed almost immediately to your account.
Is there any collateral required for the loan?
No collateral is required to get a loan through RING. We believe in making credit accessible to everyone without the need for pledging assets or property. Just upload your PAN and Aadhaar for verification, and you’re good to go!
What is the APR on RING’s loans?
The Annual Percentage Rate (APR) for loans via the online personal loan app ranges from 18% to 36%, depending on the loan amount and repayment period. We maintain transparency with all our interest rates and fees, ensuring no hidden charges.
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