To apply for a personal loan in Nagpur through RING, you must be an Indian national aged 21 or older. You’ll need to provide basic documentation, including your PAN and Aadhaar details. This ensures compliance with regulatory requirements while keeping the application process quick and simple.
Empowering Your Ambitions, One Loan at a Time
Unlock Your Dreams: Personal Loan in Nagpur
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Personal Loan in Nagpur
Navigating financial hurdles is easier than ever with RING’s personal loan in Nagpur. Our 100% digital platform allows you to apply for a loan quickly and effortlessly. With a paperless KYC process taking less than five minutes, you can access credit up to ₹5 lakhs with flexible repayment terms ranging from 3 to 24 months. Whether it's for urgent needs or planned expenses, our personal loan in Nagpur is designed to empower your ambitions.
Benefits of Personal Loan in Nagpur
Instant approval and quick credit activation.
No collateral is required for your peace of mind.
Flexible repayment options to suit your budget.
Access to loans up to ₹5 lakhs for all your needs.
Features of Personal Loan in Nagpur
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 Nagpur 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 Nagpur 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 Nagpur
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 S.
I applied for a personal loan in Nagpur through RING, and I couldn't believe how fast the process was! The app was easy to navigate, and I got my money within hours. Highly recommend it for anyone needing quick financial support!
Rohan K.
Thanks to RING, I was able to take care of some urgent home repairs without the stress of lengthy paperwork. Their customer service was friendly and responsive, making the experience smooth. A solid choice for a personal loan in Nagpur!
Priya T.
As a student, I needed financial assistance for my tuition fees. RING offered me a personal loan in Nagpur with flexible terms that fit my budget perfectly. The whole experience felt personalised and caring.
Sameer P.
I was sceptical about taking a loan online, but RING made it easy and transparent. I appreciated the clarity in their terms and how quickly my loan was processed. Definitely a trustworthy option!
Neha R.
I never thought getting a personal loan could be this easy! RING's app is user-friendly, and the service is top-notch. They guided me through the process and were always available for my questions.
Amit J.
I needed extra funds for a family event, and RING came to my rescue with their personal loan in Nagpur. The repayment options were flexible, allowing me to pay back comfortably. This has been a game-changer for me!
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 eligibility criteria for a personal loan in Nagpur?
How does the application process work?
The application process for a personal loan in Nagpur is designed to be seamless and efficient. Simply download the RING app, fill in the necessary details, and complete the paperless KYC verification. In under five minutes, you can receive instant approval, allowing you to access your funds quickly.
What loan amount can I avail of?
RING offers personal loans in Nagpur up to ₹5 lakhs. The amount you can borrow will depend on your eligibility criteria and repayment capability. Our goal is to help you meet your financial needs without unnecessary strain.
Are there any hidden charges?
Transparency is at the core of RING's values. When you apply for a personal loan in Nagpur, you can expect clear communication regarding all charges, including processing fees. Our customers are informed upfront, ensuring there are no hidden surprises.
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