You can avail credit of up to ₹5 lakhs, depending on your eligibility and repayment capacity. This amount can help you meet both short-term and long-term financial goals effortlessly.
RING: Your Ultimate Companion
for Instant Credit!
Fast, secure, and designed for the dreamers, Ring’s personal loan app empowers you with the financial flexibility you need, whenever you need it.
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Personal Loan App
With the best personal loan app, Ring makes borrowing simple and quick. Whether it’s a last-minute need or a planned expense, our personal loan app offers seamless access to loans of up to ₹5 lakhs with minimal documentation and instant approval. Just a few taps on the app, and your credit is ready in minutes!
Benefits of Personal Loan App
Up to ₹5 Lakhs Credit: Avail up to ₹5 lakhs with just a few taps.
Instant Approval: Enjoy a paperless KYC process with quick verification.
Flexible Repayment: Choose a repayment period that suits you, from 3 to 24 months.
Exclusive Rewards & Cashback: Get rewarded every time you make a transaction.
Features of 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 Personal loan app 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 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
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 ₹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
Aisha Sharma, 29
Bengaluru
I was in a pinch when my car broke down unexpectedly, and I had to find a solution fast. Thanks to the Ring personal loan app, I had the funds transferred to my account in just a few minutes! The whole process was smooth, and I appreciated how user-friendly the app is. It’s truly a lifesaver! I can’t imagine what I would have done without it. Now, I recommend it to everyone I know!
Rajesh Mehta, 34
Mumbai
As a small business owner, I often need quick access to funds for inventory. The Ring app not only provided me with a loan easily but also offered flexible repayment options that fit perfectly into my cash flow cycle. The interest rates were reasonable, and the transparency about fees made me trust the service even more. I’ve used it multiple times, and it never disappoints!
Sonia Gupta, 25
Delhi
I wanted to surprise my family with a vacation, but my savings weren’t enough to cover all the costs. The best personal loan app helped me get the money I needed without any hassle. I loved how the application process was so straightforward! Within minutes, I had the funds in my account. It was a wonderful experience, and I’ll definitely use it again for future needs.
Vikram Singh, 30
Hyderabad
I’ve tried several credit apps, but Ring stands out from the rest! The instant approval process is super convenient, and I was particularly impressed with the customer service. They kept me informed at every step, which made me feel valued as a customer. Plus, I appreciated the fact that there were no hidden fees or surprises. Highly recommend!
Neha Rao, 27
Pune
After a friend recommended the personal loan app, I decided to give it a try. I downloaded it and was amazed by how simple it was to apply. The loan amount I received was exactly what I needed for my home renovation! The repayment terms were manageable, and I felt empowered to make the improvements I’d been dreaming about. I’m so glad I chose Ring!
Karan Desai, 32
Ahmedabad
I had some doubts initially, as I’d never used a digital loan service before. However, Ring’s customer service reassured me every step of the way. Their empathetic approach is what makes them the best in the market. I felt like they genuinely cared about my financial wellbeing, and their support was invaluable during my loan journey. I’m a happy customer and will definitely return for future loans!
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 with the Ring app?
How quickly can I get the loan amount after approval?
Once your application is approved, the funds can be transferred to your bank account within minutes. This rapid disbursement is what sets us apart as a reliable choice for urgent financial needs.
Is there any collateral required for the loan?
No, the Ring personal loan app does not require any collateral. This means you can borrow money without the risk of losing any personal assets, allowing you to focus on your financial journey without stress.
What are the interest rates for the loans?
Our APR ranges from 18% to 36% per annum, depending on your credit profile and the loan amount. This competitive rate structure makes it easier for you to find a loan that fits your budget.
More Questions
