The minimum age to apply for a personal loan in Vadodara through RING is 21 years. This ensures that applicants have reached a certain level of financial responsibility and stability, making them eligible for the credit services we offer.
Vadodara's go-to app for instant personal loans.
Unlock Your Dreams with a Personal Loan in Vadodara
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Personal Loan in Vadodara
At RING, we offer personalised credit solutions that cater to the people of Vadodara. With loan amounts as high as ₹5 lakhs and repayment plans that fit your budget, we're the trusted choice for those looking for a smooth and seamless financial journey. Our quick KYC process ensures you can get approved in just minutes and access funds immediately. Your dreams are just a tap away!
Benefits of Personal Loan in Vadodara
Instant Loan Approvals – No waiting, no hassle!
Paperless Process – All you need is your smartphone.
Flexible Repayments – Choose terms that suit your lifestyle.
No Collateral Required – Your trust is our security.
Features of Personal Loan in Vadodara
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 Vadodara 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 Vadodara 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 Vadodara
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
Priya Shah, 28
Teacher
As a teacher, managing personal finances can sometimes get tricky, especially during unexpected situations. I needed a quick loan to cover some medical expenses, and RING made it possible without any stress. Their app was incredibly easy to use, and within minutes, my loan was approved! What impressed me most was how seamless the entire process was – no paperwork, no running around. RING’s personal loan in Vadodara really came through when I needed it most.
Rahul Patel, 32
Business Owner
Running a business means being prepared for unforeseen expenses, and I needed some quick funds to manage cash flow during a project. I applied for a personal loan in Vadodara through RING, and the experience was fantastic. The application process was smooth, and what stood out was the speed – the loan was approved almost instantly. I also appreciated the flexible repayment options, which allowed me to choose a plan that matched my business’s financial cycle.
Sneha Desai, 25
Marketing Professional
I’ve always heard about digital loans but was unsure if they were safe and reliable. My skepticism disappeared after using RING. I needed some extra cash to fund a personal project, and RING provided a personal loan in Vadodara with absolutely no fuss. The process was 100% paperless, which saved me so much time. Plus, I got amazing cashback rewards after my first transaction! I’m now a loyal RING user for all my financial needs.
Amit Joshi, 35
Consultant
A family emergency popped up, and I needed funds immediately. I didn’t have time for traditional bank procedures, and that’s when I turned to RING. The app offered a personal loan in Vadodara with lightning-fast approval. I was able to get the money in my account without any delays. Their customer support was also very responsive and made the whole experience worry-free. RING’s flexibility with repayments allowed me to manage the loan comfortably, even with my busy work schedule.
Pooja Trivedi, 29
Homemaker
Managing a household comes with its own set of financial responsibilities, and sometimes you need a little extra help. I used RING to apply for a personal loan in Vadodara for home improvements, and I can’t recommend them enough! The application process was straightforward, and within minutes, I had the loan approved without any paperwork. Their repayment terms are flexible, which made it easy for me to budget for the EMIs. Plus, the added cashback rewards were a sweet bonus!
Kunal Mehta, 40
Engineer
I’ve tried various loan services in the past, but RING stands out for its speed and customer-centric approach. I applied for a personal loan in Vadodara to help with some travel expenses, and the entire process, from application to approval, took less than 10 minutes. What I loved most was the transparency – no hidden fees or complicated terms. I could easily track my EMI payments through the app, and their customer support was always available to assist with any queries. RING is my go-to for personal loans.
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 Vadodara?
What is the maximum personal loan repayment tenure at Paywithring?
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.
Are the interest rates competitive for personal loans in Vadodara?
Yes, RING offers highly competitive interest rates for personal loans in Vadodara. Our interest rates range from 18% to 36% per annum, depending on your credit profile. These rates are designed to ensure that you get the most affordable EMI options while accessing the credit you need.
How can I apply for a personal loan in Vadodara with Paywithring?
Applying for a personal loan in Vadodara with RING is easy and completely digital. Simply download the RING app from the Play Store or App Store, complete the KYC process, and your loan will be approved within minutes. No paperwork or bank visits required – everything is handled through the app.
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