You can borrow as little as Rs. 10,000 through the RING small personal loan app. Whether you need money for a sudden expense or a planned purchase, we’ve got you covered with quick, small loans that fit your needs.
Your Small Loan, Big Dreams
Made Easy with RING!
Looking for quick funds to bring your plans to life? With the small personal loan app from RING, you can access the money you need in minutes. No paperwork, no waiting – just fast, simple credit!
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Small Personal Loan App
RING is your go-to small personal loan app for instant access to credit, whether you need it for home improvements, vehicle upgrades, or unexpected expenses. Our digital platform is designed for ease, with loans of up to Rs. 5 lakhs and flexible repayment options that fit your lifestyle.
Benefits of Small Personal Loan App
Super Quick Loans: Instant approval through the small personal loan app – no more waiting.
Zero Paperwork: Paperless loans, because who has time for forms?
Flexible Payments: Choose how and when to pay, with easy EMI options.
Bonus Perks: Earn rewards and cashback every time you borrow with RING!
Features of Small 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 Small 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.
Small 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 Small 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 Small 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
Sunny
Mumbai
I needed a small loan to fix my bike after an unexpected breakdown, and I was short on cash. I had heard about the RING small personal loan app from a friend and decided to give it a try. I was amazed at how fast the approval process was – literally under 5 minutes, and the money was in my account. The flexible repayment options gave me peace of mind, as I didn’t have to worry about hefty EMIs. It’s the best thing out there for small, urgent needs.
Pooja
Pune
My home renovation project started with a modest budget, but as these things often do, it went way over! That’s when I turned to the RING small personal loan app. The entire process was so smooth and hassle-free – no paperwork, no unnecessary calls. I got the money I needed instantly and could spread my payments out over 12 months. It felt great knowing I didn’t have to dip into my savings to complete my dream home.
Sameer
Delhi
I’ve used a few other small personal loan apps before, but nothing compares to RING. The interface is user-friendly, and the fact that it’s 100% paperless makes a huge difference. When I needed a loan to buy new equipment for my small business, RING came through. Not only was the loan process quick, but I even got rewarded with cashback. They’ve turned something as stressful as borrowing money into a seamless experience.
Anjali
Bangalore
With my sister’s wedding around the corner, I was looking for quick financial assistance to cover the extra costs. I didn’t want to go through the lengthy procedures that most lenders have. A friend suggested the RING small personal loan app, and I was blown away. Within minutes, I had the funds I needed. The best part? The repayments fit my budget perfectly, and the customer service was incredibly helpful. RING made what could’ve been a stressful situation much easier.
Sandeep
Hyderabad
My car broke down right before an important trip, and the repair costs were higher than I had expected. I didn’t have time to go through bank formalities, so I turned to RING. It was my first experience using a small personal loan app, and I couldn’t have been more satisfied. The funds were in my account quickly, and the repayment options were tailored to my convenience. I’d recommend RING to anyone looking for quick, trustworthy loans.
Aarti
Ahmedabad
Being a freelancer, my income is unpredictable, but sometimes expenses come at you out of the blue. RING was the answer I was looking for. I was able to secure a loan for my daughter’s school fees within minutes. The app is straightforward, and the process is transparent. What I loved most was the sense of security it gave me. No hidden charges, and the support team was always there when I had questions. It’s perfect for young professionals or anyone needing a reliable lending platform.
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 minimum loan amount I can borrow?
How quickly can I get the loan approved?
Once you complete the KYC process, approval happens almost instantly! The funds can be in your account within minutes, making the RING small personal loan app one of the fastest ways to access credit for any urgent or last-minute needs.
Is there any paperwork involved?
Absolutely none! RING offers a completely paperless process. You won’t need to submit physical documents or sign anything in person. Everything happens seamlessly through the app, so you can focus on what matters.
What are the interest rates?
RING’s interest rates vary between 18% and 36% APR, depending on your loan amount, tenure, and credit profile. You can see the exact terms before accepting the loan, ensuring full transparency with no surprises.
More Questions
