This type of app allows you to apply for personal loans without providing traditional income verification like a salary slip. This is especially helpful for freelancers, business owners, or anyone whose income may not be reflected in standard documents.
RING in the Future: Your Personal Loan App
Without Salary Slip
Welcome to RING, where your financial dreams take flight! Our personal loan app without salary slip is designed for the young and ambitious—those who dare to dream big. Whether you need a short-term boost or a long-term financial partner, we’ve got you covered!
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Personal Loan App Without Salary Slip
With RING, accessing credit has never been easier! Enjoy a seamless experience with our 100% digital process backed by an RBI-registered NBFC. Forget about cumbersome paperwork and lengthy approval times; we prioritise your time and convenience!
Benefits of Personal Loan App Without Salary Slip
Instant Access: Get loans up to ₹5 lakhs with just a few taps.
Flexible Repayment: Choose repayment terms that fit your lifestyle—anywhere from 3 to 24 months!
Empathy-Driven Service: Our team is dedicated to ensuring your comfort and security.
Awesome Rewards: Enjoy cashback and other exciting perks with every transaction.
Features of Personal Loan App Without Salary Slip
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 without salary slip 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.
Personal Loan App Without Salary SlipEMI 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 Without Salary Slip
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 Without Salary Slip 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
Rahul Mehta
I was amazed at how simple it was to get a personal loan app without a salary slip! RING made my experience smooth and stress-free. I needed funds quickly for a family emergency, and within minutes, I had approval. The team was supportive and guided me through the process without any hassle. I can’t recommend RING enough!
Priya Sharma
I never thought I could access credit without my salary slip. Thanks to RING, I secured the funds I needed for my small business to expand. The application was straightforward, and the customer support was top-notch. I felt valued throughout my journey, and the instant approval was a game-changer!
Vikram Joshi
The customer service is incredible! I felt valued and understood throughout the process. The team answered all my queries promptly, which made me feel more confident in my decision. RING truly cares about its customers and goes the extra mile to provide a pleasant experience.
Neha Gupta
I love the instant approval feature! I got my loan when I needed it most—quickly and without complications. The paperless process was so convenient. RING’s user-friendly app made it easy for me to manage my loan, and I appreciate how transparent they are about fees and interest rates.
Sanjay Verma
RING’s rewards program is fantastic! I get cashback every time I use my loan. It’s a pleasant surprise that adds extra value to my transactions. The flexibility in repayment options also means I can choose what works best for my finances.
Anjali Singh
As a young entrepreneur, finding a personal loan app without a salary slip felt impossible—until I found RING! They truly understand my needs. The loan helped me purchase essential equipment for my business. Plus, I felt supported at every step, which gave me confidence to grow my venture.
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 a personal loan app without a salary slip?
How quickly can I get my loan?
With RING, you can receive approval in just a few minutes! Once approved, funds can be disbursed to your account almost instantly, allowing you to access the money when you need it most.
What documents do I need?
You’ll only need your PAN and Aadhaar card. This makes the application process not only quick but also hassle-free—no lengthy documentation is required!
Can I repay my loan early?
Absolutely! We encourage early repayment. You can pay off your loan whenever you like, and there are no penalties for doing so. This helps you save on interest costs and clear your debt sooner.
More Questions
