An instant disbursal personal loan is a type of loan that is processed quickly, with funds disbursed to your bank account within hours. RING offers an instant disbursal personal loan with no paperwork and a completely digital process. Simply apply through the app, and once approved, the loan amount is transferred to your account in no time.
Get an Instant Disbursal Personal Loan, Anytime!
Fast approval and funds in your account within hours.
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Instant Disbursal Personal Loan
Looking for an instant disbursal personal loan? RING offers quick, hassle-free personal loans with instant approval and disbursal. Whether you need funds for an emergency or a planned expense, RING ensures you get a personal loan with disbursal as fast as possible. With no physical paperwork required, the entire process is 100% digital and efficient, so you get the money you need within hours.
Benefits of Instant Disbursal Personal Loan
Instant disbursal personal loan with no waiting
Quick KYC and approval within minutes
Completely digital process – no paperwork
Flexible repayment terms, from 3 to 24 months
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 Instant Disbursal 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.
Instant Disbursal 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 Instant Disbursal 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 an Instant Disbursal 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 Desai, 32
IT Professional, Mumbai
I needed funds urgently for a medical emergency, and RING saved the day! I applied for an instant disbursal personal loan, and within hours, I had the money in my account. The whole process was seamless, with no paperwork or hassle. RING’s instant disbursal personal loan really helped me out in a tough situation. I highly recommend it for anyone in need of quick funds.
Pooja Reddy, 27
Graphic Designer, Hyderabad
I love how fast and easy it was to get an instant disbursal personal loan with RING. I had some urgent bills to pay, and I didn’t want to borrow from friends or family. RING’s app was super easy to use, and the loan got approved within minutes. Within no time, the funds were in my bank account. No long waits or complicated paperwork. RING made it all so convenient!
Amit Bhardwaj, 39
Small Business Owner, Delhi
Running a business comes with unexpected expenses, and I needed money urgently to buy stock. RING’s instant disbursal personal loan was just what I needed. The process was 100% digital, and I got my loan disbursed within hours. This is the fastest loan I’ve ever applied for! The instant disbursal personal loan from RING is a game-changer for small business owners like me.
Sneha Patel, 24
Student, Ahmedabad
I needed a quick personal loan to pay for my education fees, and RING offered the perfect solution. Their instant disbursal personal loan came through for me when I needed it most. The app was easy to use, and everything was done online without any physical documents. Within just a few hours, the loan was disbursed to my account. Thank you, RING, for making it so simple!
Karan Kapoor, 31
Marketing Executive, Bengaluru
I’ve tried a few other loan apps, but nothing compares to RING. When I needed money quickly for a trip, I applied for an instant disbursal personal loan, and the funds were in my account within hours. The whole process was stress-free, and I didn’t need to submit any documents physically. If you’re looking for a fast personal loan, RING is the way to go!
Neha Jain, 36
Homemaker, Jaipur
RING’s instant disbursal personal loan helped me cover some unexpected household expenses without any stress. I was amazed by how quick the process was, from the time I applied to the money being disbursed. I didn’t have to wait for days, like with traditional loans. RING made it so easy, and the best part is that everything was done online without any paperwork.
Find the Right Personal Loan For You
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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 an instant disbursal personal loan?
How fast can I get an instant disbursal personal loan?
With RING, you can get an instant disbursal personal loan within hours of applying. The process is swift and completely online. After completing your paperless KYC, your loan is approved, and the funds are disbursed to your bank account in just a few clicks.
What is the maximum loan amount I can get with an instant disbursal personal loan?
RING offers instant disbursal personal loans for amounts up to Rs. 5 lakhs, depending on your credit eligibility. Whether you need a small amount or a larger sum, RING provides flexible loan options with instant disbursal.
Do I need to submit any physical documents for an instant disbursal personal loan?
No, you don’t need to submit any physical documents. RING’s instant disbursal personal loan is 100% digital. All you need is to complete the KYC process online with your PAN and Aadhaar, and you’re good to go.
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