A flexi personal loan is a flexible borrowing option that allows you to withdraw funds from an approved limit as and when needed. Unlike traditional loans, where you receive a lump sum, a flexi personal loan lets you withdraw only what you need and pay interest only on that amount.
Flexi Personal Loan: The Freedom to Borrow Your Way!
Tailored to suit your needs, whenever you need it.
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Flexi Personal Loan
A flexi personal loan from RING offers the convenience of borrowing just what you need, when you need it. Whether it’s a medical emergency, a dream vacation, or a home renovation project, our flexi personal loan adapts to your needs. You can withdraw as much or as little as you require from your approved limit, and only pay interest on what you use. The process is 100% digital and approval takes just minutes!
Benefits of Flexi Personal Loan
Withdraw funds as needed from your approved limit
Pay interest only on the amount you use
Flexible repayment options that fit your budget
Quick and hassle-free approval with no paperwork
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 an Flexi Personal Loan 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.
Flexi Personal Loan 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 Flexi Personal Loan
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 Flexi 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
Ankit Joshi, 32
Software Engineer, Pune
I needed funds for my sister’s wedding but didn’t want to take a large loan all at once. With RING’s flexi personal loan, I could borrow as and when I needed, and I only paid interest on the amount I used. The entire process was seamless—quick approval, no paperwork, and funds were instantly available. It was such a relief to have this flexibility.
Sunita Patel, 29
Graphic Designer, Mumbai
As a freelancer, I don’t always have a steady income, but I do have sudden expenses. RING’s flexi personal loan saved me when I had to upgrade my work equipment. I didn’t need to take a huge loan at once. I could withdraw what I needed and repay at my own pace. Plus, no collateral was required, which made it even better!
Ravi Sharma, 40
Retail Store Owner, Jaipur
I run a retail shop, and sometimes business is unpredictable. The flexi personal loan from RING is my go-to for cash flow issues. The flexible nature of the loan means I can borrow when business is slow and repay when it picks up. It’s the perfect solution for any small business owner like me.
Megha Jain, 35
Homemaker, Delhi
I love how easy RING’s flexi personal loan is to use. My husband and I took a loan for our home renovation, but we didn’t need the whole amount at once. With the flexi option, we could withdraw in stages, and we only paid interest on the money we used. It saved us so much on interest charges!
Sandeep Gupta, 26
Marketing Professional, Bengaluru
When I needed quick funds for an urgent medical expense, RING’s flexi personal loan was a lifesaver. I got approved instantly, and the money was in my account within hours. What’s great is that I didn’t have to take a huge loan—I could just borrow what I needed. This flexibility makes a big difference.
Kavita Verma, 31
Fashion Designer, Ahmedabad
As a small business owner, I often have unpredictable expenses. RING’s flexi personal loan gives me peace of mind. I don’t have to worry about taking too much or too little. I can access funds when I need them and only pay for what I actually use. The quick and easy approval process makes it even better!
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 a flexi personal loan?
How does the flexi personal loan from RING work?
Once your flexi personal loan is approved, you’ll have access to a credit limit. You can withdraw funds from this limit as per your requirement, and interest will be charged only on the amount you use, not on the full approved amount. You can repay the loan in flexible instalments.
What are the benefits of a flexi personal loan?
The main benefit of a flexi personal loan is that you only borrow what you need. You can withdraw money multiple times from your approved limit, and you’ll only pay interest on the amount you actually use. This makes it a great option for managing unpredictable expenses without overcommitting.
Can I get a flexi personal loan without collateral?
Yes, with RING, you can get a flexi personal loan without any collateral. The loan is unsecured, meaning you don’t need to pledge any assets to access credit.
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