To apply for a personal loan in Patna with RING, you must be at least 21 years old. This ensures that applicants are of legal age and can responsibly manage their financial commitments.
Instant Loans in Patna to Power Your Aspirations
Fuel Your Dreams with a Personal Loan in Patna!
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Personal Loan in Patna
RING makes getting a personal loan in Patna easier than ever before. From covering your wedding expenses to renovating your home or managing an unexpected emergency, our flexible personal loans are designed to meet all your financial needs. You can borrow up to ₹5 lakhs with no collateral and minimal documentation. Plus, the entire process is digital, fast, and hassle-free.
Benefits of Personal Loan in Patna
Instant Approval in Minutes: Apply for an instant loan in Patna and get approval in just 5 minutes.
No Physical Paperwork: Complete your loan application online with just a few clicks.
Flexible Repayment Options: Choose a repayment plan that works for you—from 3 months to 24 months.
Safe & Secure: Your data is 100% protected with RING’s state-of-the-art security measures.
Features of Personal Loan in Patna
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 Patna 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 Patna 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 Patna
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
Rahul S.
Boring Road, Patna
RING made it so easy to get a personal loan in Patna! I applied, and within minutes, the money was in my bank account. The process was incredibly smooth, with no hidden charges or confusing terms. I used the funds for my home renovation plans, and I’m thrilled with the results! Thanks to RING, my dream home is now a reality!
Priya K.
Kankarbagh, Patna
I needed an instant loan in Patna for my brother’s wedding, and RING delivered! The app was straightforward, and I completed my application in less than 10 minutes. What impressed me the most was the customer support; they were always available to answer my questions. The money was transferred quickly, and I was able to book everything for the wedding hassle-free. Highly recommend RING for anyone needing a loan!
Amit P.
Rajendra Nagar, Patna
RING’s flexible repayment options helped me manage my expenses better. I secured a ₹2 lakh personal loan and chose a 12-month repayment plan that fit my budget perfectly. The interest rates were reasonable, and I appreciated the transparency in all transactions. It really took a load off my shoulders, allowing me to focus on what matters most—my family!
Anjali T.
Patliputra Colony, Patna
I’ve never had a loan experience as smooth as with RING. From applying to getting the cash, it was all done in under 10 minutes! I was pleasantly surprised by how user-friendly the app is. The paperless process made everything feel modern and efficient. I used the funds to start my small business, and I couldn’t be happier!
Vikash R.
Ashok Nagar, Patna
RING’s interest rates are competitive and fair. I’ve taken personal loans before, but RING was different—it felt like a partnership. The cashbacks on transactions are a delightful bonus. I felt valued as a customer, which is rare nowadays. I’ll definitely be coming back for more!
Sanjay M.
Bailey Road, Patna
The paperless process really won me over. I could apply from my phone while sipping tea in my living room. There were no long lines or endless paperwork. I needed a personal loan to cover an unexpected medical expense, and RING came through without any stress. Their customer care team was courteous and helpful throughout the entire process. A big thumbs up from 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 minimum age limit to apply for a personal loan in Patna?
What is the maximum personal loan repayment tenure at Paywithring?
The maximum repayment tenure for personal loans in Patna is 24 months. This flexibility allows you to choose a repayment schedule that best fits your financial situation, helping you manage your budget effectively.
Are the interest rates competitive for Personal Loans in Patna?
Yes! RING offers competitive interest rates ranging from 18% to 36%, ensuring affordable loan options. Our rates are designed to be fair and transparent, allowing you to understand your financial obligations upfront.
How can I apply for a Personal Loan in Patna with Paywithring?
Applying for a personal loan in Patna with RING is simple and hassle-free! Just download the RING app, complete your digital KYC verification, and fill out the application form. The entire process is online, so you can complete it from the comfort of your home.
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