To apply for a personal loan in Delhi with RING, you must be at least 21 years old. This ensures that applicants are of legal age and financially responsible enough to manage a loan.
Quick Cash When You Need It the Most
Get Your Dreams Moving: Personal Loan in Delhi with RING!
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Personal Loan in Delhi
At RING, we provide personal loans that are fast, easy, and secure. Whether you need an urgent cash loan in Delhi or you’re looking for a more long-term personal loan in Delhi, we’ve got your back. You can borrow up to ₹5 lakhs with interest rates starting at 18%, and repay comfortably over 3 to 24 months.
Benefits of Personal Loan in Delhi
Fast Approval: Get a personal loan in Delhi in under 5 minutes, thanks to our paperless KYC process.
No Collateral: No need to pledge assets—just apply and go!
Flexible Repayment: Tailor your repayment period between 3 to 24 months, with no hassle.
Exclusive Rewards: Every transaction you make with RING unlocks exciting rewards and cashback!
Features of Personal Loan in Delhi
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 Delhi 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 Delhi 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 Delhi
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
Rajesh S.
Connaught Place
I was stuck when my bike broke down on the way to an important meeting. I needed an urgent cash loan in Delhi immediately to cover the repair costs. That’s when I discovered RING! The entire process—from applying to receiving the funds—took less than 10 minutes. What I loved most was that there were no hidden fees or endless documentation. Now, RING is my go-to whenever I need fast cash. Plus, I get cashback with every transaction! It’s a total game-changer.
Priya M.
South Delhi
As a freelance graphic designer, my income is never the same month-to-month. When I needed extra funds for a new laptop to take on a big project, I was nervous about how difficult it might be to get a personal loan in Delhi. RING made it so easy! The app guided me through the entire application process, and in just a few taps, I had the loan amount in my account. No paperwork, no hassle, just pure convenience! The best part? I could repay the loan on my own terms, with flexible EMIs.
Arjun T.
Karol Bagh
I’ve always been a bit wary of loans, especially since I don’t have a strong credit history. But when I needed funds for a family emergency, RING was a lifesaver. They offered me an instant loan in Delhi without needing a CIBIL score! The interest rate was transparent, and I could track everything on the app, from loan disbursement to repayment dates. It's the perfect solution for someone like me who wants quick access to money without the fuss.
Sonia K.
Lajpat Nagar
I’ve used a lot of financial apps, but RING is by far the easiest to navigate. When I had a sudden medical expense, I was able to get an urgent cash loan in Delhi without leaving my home. The app took me through the process step-by-step, and I had the money within minutes. What impressed me was how clear everything was—there were no hidden fees, and the interest rates were upfront. Plus, I earned rewards for using the app, which was a nice bonus!
Ravi P.
Vasant Kunj
After researching several personal loan providers in Delhi, I chose RING for its competitive interest rates. I took a personal loan to renovate my house, and RING offered me an APR that was far better than other platforms. The process was seamless, and I could choose a repayment schedule that worked for me. The customer support team was also very helpful—they answered all my questions and reassured me throughout the process. Highly recommend it to anyone looking for a personal loan in Delhi!
Neha D.
Janakpuri
I needed some extra funds for my sister’s wedding, and time was of the essence. With RING, I didn’t have to wait for days like traditional bank loans. I applied for a personal loan in Delhi and got instant approval! I loved how I could set the repayment period based on my financial situation. The app even sent reminders for my EMI payments, so I didn’t have to worry about missing a date. It’s perfect for busy people who need reliable, quick service.
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 Delhi?
What is the maximum personal loan repayment tenure at RING?
RING offers flexible repayment tenures for personal loans in Delhi. You can repay your loan over a period ranging from 3 to 24 months, depending on your financial needs and preferences. This flexibility allows you to choose a repayment schedule that fits your budget and lifestyle.
Are the interest rates competitive for personal loans in Delhi?
Absolutely! RING offers some of the most competitive rates in the market for personal loans in Delhi. With APRs ranging between 18% and 36% per annum, RING ensures that you get a loan that is affordable, transparent, and manageable.
How can I apply for a personal loan in Delhi with RING?
Applying for a personal loan in Delhi is incredibly simple with RING. Just download the RING app, complete the quick and paperless KYC process using your PAN and Aadhaar cards, and you can get instant approval for a loan. It’s all digital, meaning you can do everything from the comfort of your home.
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