A low-interest personal loan is a type of loan that offers lower-than-average interest rates, making it easier for borrowers to manage their EMIs. Choosing RING for a low-interest personal loan means enjoying quick approvals, flexible repayment options, and 100% digital processes. Plus, we provide one of the lowest interest rates on a personal loan in the market, starting from just 18% APR.
Low-Interest Personal Loans, Simplified with RING
Get credit up to Rs. 5 lakhs, with flexible repayment options and the lowest interest rates.
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Low Interest Personal Loan
Looking for a personal loan with low interest rates? RING has got you covered. Whether it's for a big purchase, a medical emergency, or just to help with cash flow, our low-interest personal loans can help. Get up to Rs. 5 lakhs with quick, paperless KYC in just 5 minutes. Enjoy the lowest interest rates, flexible repayment options, and the security of a fully digital process. RING makes borrowing simple and accessible.
Benefits of Low Interest Personal Loan
Loans of up to Rs. 5 lakhs
Lowest interest rate on a personal loan to keep your EMIs affordable
Digital KYC in under 5 minutes
Flexible repayment terms ranging 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 a Low Interest 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.
Low Interest 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 Low Interest 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 Low Interest 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
Rajesh Singh, 29
Entrepreneur, Mumbai
When I decided to scale up my startup, finding a reliable source of funding was crucial. RING came to my rescue with a low-interest personal loan that made the entire process smooth. From the moment I applied, the experience was seamless. I completed my KYC in less than 5 minutes, and the loan was approved within hours. The flexible repayment terms allowed me to focus on growing my business without worrying about hefty EMIs. RING’s customer service is incredibly supportive—every question I had was answered quickly, making me feel like I was in safe hands.
Priya Mehta, 34
Marketing Professional, Delhi
Wedding planning was getting expensive, and I needed a loan to cover some last-minute expenses. I found RING, and it was the best decision ever. Not only did they offer the lowest interest rate on a personal loan I could find, but the entire process was so quick and easy. I completed the paperwork digitally, and the money was in my account the same day. The repayment schedule was super flexible, allowing me to repay comfortably over 12 months. It felt like RING truly understood my needs.
Amit Kapoor, 25
Freelancer, Bangalore
As a freelancer, my income can be unpredictable. But when I needed a quick loan to cover some personal expenses, RING offered me an affordable solution. The low-interest personal loan meant that I didn’t have to worry about high EMIs. I loved the fact that I could complete everything online and didn’t have to visit a bank or submit endless documents. The flexible repayment plan was a huge bonus, and now I feel more financially secure knowing I have access to RING anytime.
Neha Sharma, 31
Photographer, Pune
RING made it possible for me to expand my photography business. With their low-interest personal loan, I was able to purchase new equipment without burning a hole in my pocket. The APR was way lower than other apps or banks I looked into. Plus, I didn’t need to provide any collateral, which was a big relief. The whole process was quick and transparent, with no hidden fees. RING has become my go-to for credit solutions.
Vivek Patel, 45
Engineer, Ahmedabad
A sudden medical emergency left me in need of quick funds, and that’s when RING stepped in. I applied for a personal loan, and the application process was unbelievably simple. Within minutes of completing my KYC, I was approved for Rs. 1.5 lakhs. What impressed me the most was the low-interest rate on the personal loan, which made my monthly payments manageable. Their customer service team was compassionate and professional, guiding me through every step of the way.
Sangeeta Rao, 38
Teacher, Chennai
As a single mom, managing finances can be tough. I needed a loan for home repairs, and RING was the perfect solution. Their low-interest personal loan options made it easy for me to borrow Rs. 2 lakhs without any stress. The best part? The interest rates were incredibly low, and the repayment schedule fit perfectly with my budget. I didn’t have to submit any physical documents, and the entire process was done online within hours. I highly recommend RING to anyone who needs fast, reliable, and affordable credit.
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 low-interest personal loan, and why should I choose RING?
How do I qualify for the lowest interest rate on a personal loan?
To qualify for the lowest interest rate on a personal loan with RING, maintain a good credit score and complete your KYC digitally. Timely repayment of previous loans and a strong financial profile can help you secure a better rate, which could be as low as 18% APR.
How fast can I get my personal loan from RING?
With RING, the entire loan process is designed to be fast and hassle-free. From completing your digital KYC to receiving the loan disbursement, the entire process can be completed in just a few hours. Most customers receive their loan within 24 hours of approval.
What is the maximum loan amount I can borrow from RING?
RING offers personal loans up to Rs. 5 lakhs. The loan amount depends on your eligibility, credit score, and repayment history. Timely repayments on previous loans can help you unlock higher pre-approved loan amounts.
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