The minimum age to apply for a personal loan in Khurda is 21 years old. If you meet this age requirement, you're eligible to start your loan journey with RING!
Get Set, Khurda! Your Personal Loan Adventure Starts Here
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Personal Loan in Khurda
Finding the right personal loan in Khurda can be overwhelming. That’s where RING steps in – a simple, secure, and speedy process to help you manage your finances. You could get approved in just minutes!
Benefits of Personal Loan in Khurda
Instant Cash – Get funds straight to your bank account, when you need them most.
Quick KYC – Just upload your PAN and Aadhaar, and you’re set.
Flexible Repayment – Choose terms that work for you, from 3 to 24 months.
Competitive Rates – Our interest rates start as low as 18% per annum.
Features of Personal Loan in Khurda
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 Khurda 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 Khurda 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 Khurda
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 M., 45
Entrepreneur from Khurda
I was in urgent need of funds for my daughter's wedding, and traditional banks were taking forever with paperwork and processes. RING came to my rescue with a quick and seamless application process. I applied for a personal loan in Khurda, and within minutes, I had the money in my account! The best part was that I didn’t have to deal with any heavy documentation or collateral. I’m truly grateful to RING for making my daughter’s special day even more memorable.
Priya S., 29
Freelancer from Khurda
As a freelancer, getting a loan can be tricky, but RING made it super easy for me! I applied for a personal loan in Khurda when I needed funds for an urgent medical situation in the family. I was amazed at how fast the approval process was—no physical paperwork, just a few clicks on the app! I’m so thankful for the quick support RING offered. I would recommend it to anyone who needs an instant loan in Khurda.
Manoj P., 33
Shop Owner from Khurda
I run a small business, and sometimes I need extra funds to keep things moving smoothly. When I needed to purchase some inventory last month, I decided to try RING for a personal loan in Khurda. I was surprised by how fast everything was—instant approval and the money in my account without any fuss! I didn’t need any collateral, which was a big relief. RING has become my go-to solution for financial help!
Anjali T., 26
Designer from Khurda
I recently used RING to apply for a personal loan in Khurda to revamp my home office space. The app was so easy to use, and I loved that they gave me flexible repayment options. I chose a 6-month tenure, and the monthly payments are super manageable. The entire process, from applying to repayment, was hassle-free. This app really helps me focus on my goals while managing my finances effectively.
Sameer K., 38
IT Professional from Khurda
RING’s loan app has been a lifesaver! I applied for a personal loan in Khurda to cover some unexpected travel expenses. I didn’t have time for the usual bank paperwork, but with RING, I got my loan approved instantly. The digital process is so simple and efficient. Plus, they have amazing customer support—every time I had a question, they were quick to respond. Thanks, RING, for being so reliable!
Sakshi R., 31
Teacher from Khurda
RING gave me more than just a personal loan in Khurda—they gave me peace of mind. I needed money to cover some family expenses, and RING made it so easy. The entire process was digital, and I didn’t have to leave my house. What I love most are the rewards and cashback I get every time I transact using the app. RING has really redefined the way I think about borrowing money!
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 Khurda?
What is the maximum personal loan repayment tenure at Paywithring?
RING offers flexible repayment tenures ranging from 3 months to 24 months. This allows you to choose a repayment plan that fits your financial situation, making it easier to manage your monthly payments.
Are the interest rates competitive for Personal Loans in Khurda?
Absolutely! RING offers interest rates starting from 18% per annum and going up to 36%, depending on your loan amount and tenure. This makes RING’s personal loan in Khurda competitive, affordable, and suitable for all kinds of financial needs.
How can I apply for a Personal Loan in Khurda with Paywithring?
Applying for a personal loan in Khurda with RING is a breeze. Download the RING app, complete the quick KYC process by uploading your PAN and Aadhaar, and apply for your loan directly through the app. The whole process takes just a few minutes, and your loan can be approved instantly!
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