Applying for a personal loan in Ernakulam is easy and completely digital. Download the RING app, complete the simple KYC process, and apply for a loan. Once approved, the money will be disbursed into your bank account within minutes. No paperwork, no hassle!
Quick, Easy, and 100% Digital Loans at Your Fingertips
Unlock Your Dreams with a Personal Loan in Ernakulam
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Personal Loan in Ernakulam
Getting a personal loan in Ernakulam has never been this easy! Whether you're facing unexpected expenses, renovating your home, or planning a dream vacation, RING is here to help. With seamless digital applications, approval in minutes, and no hidden fees, you can unlock a personal loan in Ernakulam up to ₹5 lakhs and enjoy flexible repayment terms tailored to your financial needs. Our human-first approach ensures that your safety and convenience are always prioritised!
Benefits of Personal Loan in Ernakulam
Instant loan approvals within minutes
100% digital process—no paperwork needed
Flexible repayment terms from 3 to 24 months
Credit up to ₹5 lakhs available
Features of Personal Loan in Ernakulam
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 Ernakulam 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 Ernakulam 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 Ernakulam
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
Anjali R.
Kochi
I was in urgent need of money for medical expenses, and RING's personal loan in Ernakulam saved the day! The application process was quick and easy, and I had the funds in my account within minutes. I highly recommend RING to anyone who needs fast, reliable loans.
Vishnu M.
Fort Kochi
I wanted to renovate my house but didn’t want the hassle of going to the bank. RING’s personal loan providers in Ernakulam made the whole process paperless, and I could apply for the loan right from my phone! No delays, no stress—just quick cash when I needed it.
Lekshmi S.
Aluva
What impressed me the most about RING was the instant personal loan in Ernakulam feature. With no physical documentation required, I could easily apply and track my loan. The entire experience was smooth, secure, and stress-free. I couldn’t be happier with their service.
Rahul D.
Kakkanad
As a self-employed professional, I was sceptical about getting approved for a loan. But RING’s personal loan in Ernakulam came through for me! The flexible repayment options made it easy for me to manage my EMIs without any trouble. Great service overall!
Reshma K.
Tripunithura
I love how RING lets you pay at their merchant stores or transfer the loan amount to your bank account. It’s perfect for both online and offline purchases. I needed funds for my small business, and the personal loan providers in Ernakulam made it possible, quickly and easily.
Suresh P.
Ernakulam
I was looking for a personal loan in Ernakulam that was fast and easy, and RING exceeded my expectations! The application took just a few minutes, and the funds were disbursed almost instantly. Plus, their support team was very responsive and helpful throughout the process.
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.
How can I apply for a personal loan in Ernakulam through RING?
What is the eligibility criteria for a personal loan in Ernakulam?
With RING, the maximum repayment tenure for a personal loan is 24 months. This gives you the flexibility to choose a repayment plan that fits your financial situation, allowing you to manage your monthly EMIs comfortably.To be eligible for a personal loan in Ernakulam, you must:
- Be an Indian citizen
- Be at least 21 years old
- Have valid identification documents (PAN and Aadhaar)
- Maintain a good credit score for better loan offers
How fast can I get a personal loan in Ernakulam?
With RING, you can get an instant personal loan in Ernakulam in as little as 5 minutes! The process is quick, and once approved, the funds are transferred to your account almost immediately.
What documents are required for applying for a personal loan in Ernakulam?
The process is completely paperless! All you need is your PAN card and Aadhaar card to complete the KYC. Once done, you can apply for the personal loan in Ernakulam directly through the app without submitting any physical documents.
More Questions
