A personal loan with no paperwork is a completely digital loan application process where you don’t need to submit physical documents. RING offers personal loans with no paperwork, allowing you to apply, get approved, and receive funds quickly, all through the app.
Instant Personal Loan, No Paperwork Needed
Get credit fast and hassle-free, with zero paperwork.
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Instant Personal Loan No Paperwork
Looking for personal loans with no paperwork? RING is your go-to solution. With RING, you can apply for personal loans with no paperwork and get quick approval in minutes. Our seamless digital process ensures you can access up to Rs. 5 lakhs without the hassle of visiting a branch or submitting physical documents. Whether it's a sudden expense or planned purchase, RING makes borrowing easy and stress-free.
Benefits of Instant Personal Loan No Paperwork
Loans up to Rs. 5 lakh
Fast approval and disbursement
Zero paperwork – 100% digital
Flexible repayment options
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 Personal Loan No Paperwork 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 Personal Loan No Paperwork 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 Personal Loan No Paperwork
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 Personal Loan No Paperwork 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
Rohit Kumar, 27
IT Consultant, Hyderabad
When I needed to cover an emergency medical expense, I couldn’t afford to waste time on paperwork or long approval processes. That’s when I found RING. The personal loans with no paperwork option was a lifesaver. I completed my application online in just a few minutes, and the money was in my account by the end of the day. RING’s digital process made everything easy, and the customer support was quick to answer my questions. I highly recommend RING to anyone in need of fast, paperless loans.
Simran Kaur, 32
Fashion Designer, Delhi
Running a fashion business comes with its ups and downs, and I needed extra funds to meet a bulk order deadline. RING’s personal loans with no paperwork were exactly what I was looking for. The application was super simple, and the entire process was done online—no physical documents required! Within hours, I had Rs. 2 lakhs in my account to manage my expenses. The flexible repayment terms gave me the freedom to repay the loan without any stress. Thanks, RING, for being a reliable financial partner!
Akash Mehta, 24
Freelance Photographer, Mumbai
As a freelancer, managing cash flow can be tricky, and sometimes I need a little extra to tide me over. RING’s instant personal loan with no paperwork was the perfect solution. I applied on the app, completed my KYC online, and within no time, I had the funds in my account. The fact that there’s no paperwork involved made the process smooth and quick. Plus, I appreciated how transparent they were about the fees and interest rates—no hidden charges. This is how borrowing should be!
Swati Sharma, 35
School Teacher, Jaipur
I was planning a family trip when I realised I needed extra funds for bookings. Traditional loans had too much red tape, but with RING’s personal loans with no paperwork, it was a breeze. The entire process was digital, and I didn’t need to step out of my home. Within hours, I had the money I needed to make my travel arrangements. The repayment terms were flexible, allowing me to repay the loan over 12 months. I’m definitely sticking with RING for any future needs.
Amit Desai, 30
Software Developer, Pune
RING is my go-to for personal loans with no paperwork. I used it when I needed funds for home renovations, and the process was incredibly fast. From the time I applied to receiving the loan, everything was done in just a few hours. What I love most is the fully digital experience—no need to submit physical documents or visit any branch. Their repayment options are flexible, and I’ve already recommended RING to my friends and family for its hassle-free service.
Nisha Verma, 40
Homemaker, Lucknow
With my daughter’s wedding around the corner, I needed a loan to cover last-minute expenses. I didn’t have time for paperwork or lengthy approval processes, so I chose RING’s personal loans with no paperwork. The entire application took just minutes to complete, and I had Rs. 3 lakhs credited to my account the same day. The best part was not having to deal with any physical documentation—it was all online and incredibly easy. Thanks to RING, the wedding was a grand success!
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 personal loan with no paperwork?
How fast can I get a personal loan with no paperwork from RING?
With RING, you can get a personal loan with no paperwork in just a few hours. After completing your digital KYC, the loan is approved instantly, and the funds are disbursed to your account within a few hours, making it one of the fastest loan processes available.
How much can I borrow with a personal loan with no paperwork from RING?
RING offers personal loans with no paperwork up to Rs. 5 lakhs. The amount you can borrow depends on your eligibility, credit score, and repayment history. Timely repayments can also unlock higher pre-approved loan amounts in the future.
What documents are needed to apply for a personal loan with no paperwork?
RING simplifies the loan process by requiring just two documents for KYC verification—your PAN card and Aadhaar card. You won’t need to submit any physical documents, making the process entirely digital.
More Questions
