RING is a digital platform that provides quick and seamless personal loans tailored for students. It allows you to borrow money for any purpose, be it tuition fees, tech gadgets, travel, or emergencies. The app is 100% digital, meaning you can complete the entire process—from application to loan disbursement—in just a few minutes. Simply download the app, complete your KYC, and get approved in under 5 minutes. Your funds will be available instantly for use.
Unlock Your Dreams with RING - India's Best
Personal Loan App for Students
For the dreamers, doers, and go-getters – RING empowers students across India with quick, hassle-free personal loans. 100% digital, RBI-backed, and made for YOU.
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Personal Loan App For Students
RING is here to make sure that nothing stands between you and your ambitions. Whether it’s tuition fees, tech gadgets, study materials, or just some extra cash for life’s little adventures, RING’s personal loan app for students gives you access to credit up to Rs. 5 lakhs. With a simple, paperless process, you can have the funds you need in just 5 minutes. No collateral. No stress. Just fast, flexible credit designed for the modern student.
Benefits of Personal Loan App For Students
Fast Approval – Get your loan approved in under 5 minutes. No paperwork, no hassle.
Flexible Repayment Options – Choose a repayment schedule that fits your lifestyle, from 3 to 24 months.
No Collateral Required – Access funds without putting your assets on the line.
100% Safe & Secure – With SSL certification and RBI backing, your data and money are safe.
Features of Personal Loan App For Students
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 personal loan app for students with us.
Follow these simple steps to get started:
1
2
3
4
5
1
Verify Mobile Number
Enter your number on the RING app/website, receive an OTP, and verify.
Personal Loan App For Students 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 App For Students
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 App For Students 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
Aarav Patel
Mumbai
When I was short on money to pay my college tuition fees, RING came to the rescue. I was sceptical about getting a loan, especially since I didn’t have any collateral. But the process was so easy and straightforward that I couldn’t believe it! I filled out my details on the app, uploaded my Aadhaar and PAN card, and my loan was approved in under 5 minutes. It felt like magic! The best part? I could select a repayment plan that fit my part-time job income, so I wasn’t stressed about paying it back all at once.
Sneha Sharma
Delhi
Being a student in Delhi means juggling a lot of expenses – from rent to books and tech gadgets for my classes. The RING personal loan app for students saved me when I needed to buy a laptop urgently. The process was quick and totally paperless. Plus, I didn’t have to bother my parents for financial help. Now, I can focus on my studies without worrying about money. And let me tell you, earning cashback every time I use the app is just the cherry on top!
Vikram Iyer
Bengaluru
As a final-year engineering student, I had to travel for my internship and needed extra cash for the travel and accommodation expenses. I was unsure if I’d be eligible for a loan as a student, but RING made it happen! The loan was approved instantly, and I didn’t have to provide any collateral. I’ve used other financial apps before, but RING’s user-friendly interface and speedy service made it stand out. The flexible repayment options also allowed me to repay in smaller amounts, making it easier on my student budget.
Neha Singh
Pune
Getting a loan can be daunting, but RING has made it incredibly stress-free. I needed a personal loan to cover some unexpected medical expenses while I was studying. The app’s clean interface made the entire process super easy, and I could choose a repayment plan that worked around my stipend as an intern. The best part? There were no hidden fees or extra paperwork to worry about. I would highly recommend RING to any student who needs quick, reliable financial help.
Rohan Desai
Ahmedabad
I’ve been using RING for a few months now, and I’m honestly impressed. I needed some funds to purchase study materials and software for my project work, and RING provided me with an instant loan. What I love is how seamless the whole experience is. It literally takes minutes to apply, and you can use the loan amount to either pay directly or transfer it to your bank account. Plus, every time I make payments, I get cashback rewards, which is a sweet bonus. It’s a no-brainer for students like me.
Priya Mehta
Jaipur
Being a student means unpredictable expenses. Whether it's exam fees or personal emergencies, RING has always had my back. One time, I needed money to cover a major expense right before exam week. Within 10 minutes of applying on the app, I had the money transferred to my account. What’s even better is how RING makes the repayment process so flexible. You can choose the tenure, and there are no penalties if you repay early. This app has been a financial lifeline for me and many of my friends!
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 RING’s personal loan app for students, and how does it work?
How much can I borrow, and what are the eligibility criteria?
With RING, students can borrow between Rs. 5000 and Rs. 5 lakhs, depending on their eligibility and creditworthiness. To be eligible, you need to be an Indian national aged 21 or above, with a valid PAN card and Aadhaar card. Unlike traditional loans, there is no need for collateral or a guarantor, making it ideal for students who may not have any assets to pledge.
What documents do I need to apply for a loan on RING?
The application process is completely digital, and you’ll only need two key documents: your PAN card and Aadhaar card. These are used to complete a quick and secure Know Your Customer (KYC) verification. No physical paperwork is required, making it incredibly convenient for students who might not have access to other documentation.
Is collateral or a guarantor needed for these loans?
No, RING offers unsecured loans, which means you don’t need to provide any collateral (such as property or valuables) or have a guarantor co-sign your loan. This makes RING an ideal option for students who don’t have assets to pledge or don’t want to rely on their parents or guardians.
More Questions
