To apply for a personal loan in Bangalore, you must be at least 21 years old. This ensures that applicants have reached an age where they can manage financial responsibilities effectively.
Fast, Flexible, and Fearless Financing Awaits!
Unlock Your Dreams with Personal Loans in Bangalore!
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Personal Loan in Bangalore
In the vibrant city of Bangalore, where dreams take flight and aspirations know no bounds, securing a personal loan has never been easier! With RING, India’s trusted credit app, you can unleash your potential with personal loans tailored just for you. Whether funding a dream vacation, managing unexpected expenses, or starting that small business you’ve always envisioned, our loans in Bangalore are your gateway to financial freedom.
Benefits of Personal Loan in Bangalore
Rapid Approval: Get credit up to ₹5 lakhs with our speedy, paperless KYC process in under 5 minutes!
No Hidden Fees: With transparent interest rates ranging from 18% to 36% APR, you’ll know exactly what to expect.
Flexible Repayment: Choose a repayment tenure from 3 to 24 months that fits your budget.
Empathetic Support: Our human-first approach ensures that your experience is smooth, safe, and supportive.
Features of Personal Loan in Bangalore
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 in Bangalore 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 in Bangalore 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 in Bangalore
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 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
Ravi Kumar
Software Engineer
I applied for a personal loan in Bangalore through RING, and I was amazed at how fast the approval process was! Within minutes of submitting my application, I received a notification about my approval. The money was in my account shortly after that, allowing me to cover some unexpected medical expenses. The customer support team was incredibly helpful, guiding me through the entire process. I highly recommend RING to anyone looking for quick and reliable personal loans!
Sneha Mehta
Small Business Owner
As a budding entrepreneur, I often find myself in need of quick capital. RING made it so easy for me to get a loan for my startup. The application process was straightforward, with no complicated paperwork, which is a blessing for someone like me who is constantly juggling tasks. The funds were transferred to my account almost instantly. I can now invest in my business without worry, and I’m grateful for the flexible repayment options they offer!
Ajay Sharma
College Student
I was in a bit of a financial bind when it came time to pay my college fees. Thanks to RING, I could secure a personal loan without any hassle. The process was quick, and I appreciated the transparent communication throughout. The loan helped me settle my fees on time, and I’m now able to focus on my studies instead of worrying about finances. This service has truly been a lifesaver for students like me!
Pooja Desai
Marketing Executive
When I found myself in a financial crunch due to unexpected home repairs, RING’s instant loan service saved me! I was able to apply directly through their app, and the support I received was excellent. The team was understanding and made the entire experience stress-free. I love their user-friendly interface and how quickly I could access the funds. I will definitely recommend RING to my friends and family!
Vikram Reddy
Freelancer
As a freelancer, my income is often unpredictable, which can make financial planning challenging. RING’s flexible repayment options were perfect for me, allowing me to manage my cash flow effectively. The loan application was simple and didn’t require extensive documentation. I feel much more in control of my finances now, and I’m able to invest in tools that help me grow my freelance business. Thank you, RING!
Lakshmi Nair
Stay-at-home Mom
I took a personal loan to renovate my home, and the experience was stress-free from start to finish. RING’s customer service was top-notch, and they really took the time to understand my needs. I felt supported throughout the process, and the funds were released quickly. The renovations have transformed my home, and I couldn’t be happier with how everything turned out. RING truly cares about its customers!
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 age limit to apply for a personal loan in Bangalore?
What is the maximum personal loan repayment tenure at Paywithring?
The maximum repayment tenure for a personal loan with RING is 24 months. This flexibility allows you to choose a repayment plan that fits your financial situation, helping to ease the burden of monthly payments.
Are the interest rates competitive for Personal Loans in Bangalore?
Yes! Our interest rates are highly competitive, ranging from 18% to 36% APR. This means you can find a suitable loan that fits your budget and repayment capacity, ensuring you don’t pay more than necessary.
How can I apply for a Personal Loan in Bangalore with Paywithring?
Applying for a personal loan is incredibly simple with RING! Just download the RING app, complete a quick KYC process that takes less than five minutes, and fill out the application form. You'll receive instant approval notifications and funds transferred directly to your account, making it a hassle-free experience!
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