To apply for a personal loan in Pune, you must be at least 21 years old. This is to ensure that applicants have a stable financial standing and can repay the loan within the given tenure.
Get quick, easy, and flexible loans right at your fingertips!
Unlock Your Dreams with a Personal Loan in Pune
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Personal Loan in Pune
Ring brings you a hassle-free personal loan in Pune! Borrow up to Rs. 5 lakhs with an entirely digital process. From quick disbursement to flexible repayment options, your loan is tailored to your needs. Pune's busy life calls for fast solutions, and that’s exactly what Ring offers.
Benefits of Personal Loan in Pune
Instant Loan Approval: Get your personal loan in Pune approved in minutes.
100% Paperless Process: Forget about paperwork – it’s all digital with Ring!
Flexible Repayments: Choose a repayment term between 3 to 24 months that fits your lifestyle.
No Hidden Fees: Transparent, fair, and completely above board!
Features of Personal Loan in Pune
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 Pune 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 Pune 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 Pune
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
Sunil Jadhav, 32
Pune
When my sister’s wedding expenses came up unexpectedly, I needed quick financial assistance, and I wasn’t sure where to turn. That’s when I found Ring. The process was so easy—I applied for a personal loan in Pune through the app, and within minutes, my loan was approved. No paperwork, no running around! I had the funds in my account the same day. I could focus on the celebrations without worrying about money. Ring really came through for me!
Priya Deshmukh, 28
Pune
I’d been dreaming of renovating my home for a while but didn’t have the funds to start. A friend recommended Ring, and it turned out to be the perfect solution! The personal loan in Pune was not only easy to apply for but also came with flexible repayment options that fit my budget. Plus, the cashback rewards were a nice surprise! I’m now enjoying my newly renovated home, all thanks to Ring.
Rajesh Patil, 35
Pune
My car broke down just days before a road trip I’d been planning for months. I was in a real bind until I discovered Ring. Their personal loan in Pune was exactly what I needed to cover the repair costs. The best part? The application took just a few minutes, and I didn’t have to submit any paperwork! I got the money I needed almost instantly. Now, my car’s back on the road, and I didn’t have to delay my trip. Thank you, Ring!
Sneha Kulkarni, 29
Pune
I never thought applying for a personal loan in Pune could be this simple! With Ring, the entire process was digital and fast. There was no hassle of paperwork or long waiting periods. I got the loan approval in minutes, and the money was in my account the same day. The flexible repayment terms allowed me to manage my monthly budget without stress. Ring really made my life easier!
Amit Nair, 31
Pune
Medical emergencies can come out of nowhere, and that’s exactly what happened to me. I needed money fast for medical bills, and Ring’s personal loan in Pune was the answer to my prayers. I applied through the app and received the loan within hours. The process was so smooth that I didn’t have to worry about anything other than my family’s health. Ring really proved to be a reliable financial partner.
Nisha Raut, 26
Pune
I needed a personal loan in Pune to pay for some courses I wanted to take for my career growth. Ring made it so convenient! I applied online, got instant approval, and received the funds quickly. The best part is that I didn’t need to go through any lengthy paperwork or visits to a bank. It was all so fast and easy. Plus, the app’s customer support was great—they answered all my questions promptly. I’m so glad I chose Ring!
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 Pune?
What is the maximum personal loan repayment tenure at Paywithring?
The maximum repayment tenure for a personal loan in Pune is 24 months (2 years). You can select a repayment period that works best for your budget, whether you prefer shorter or longer terms for financial flexibility.
Are the interest rates competitive for Personal Loans in Pune?
Yes, the interest rates offered by Ring for personal loans in Pune are highly competitive, ranging from 18% to 36% per annum. The rates vary based on the loan amount, repayment tenure, and your creditworthiness, ensuring you get a fair and personalised deal.
How can I apply for a Personal Loan in Pune with Paywithring?
Applying for a personal loan in Pune with Ring is simple! Just download the Ring app from the Play Store or App Store, fill in your details, complete the quick KYC process, and submit your application. Your loan approval will happen within minutes, and the money will be disbursed directly to your bank account.
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