An unsecured personal loan is a loan that does not require you to provide any collateral or security. RING offers unsecured personal loans, which means you can borrow up to Rs. 5 lakhs without pledging any assets like property or savings.
Unsecured Personal Loans Made Simple!
Get instant access to credit, no collateral required.
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Unsecured Personal Loan
RING offers unsecured personal loans that let you access the funds you need without pledging any assets. These unsecured loans are ideal for handling emergencies, big-ticket purchases, or any other personal expenses. With RING, you can apply for an unsecured personal loan entirely online and enjoy a fast approval process—no physical documents or collateral required!
Benefits of Unsecured Personal Loan
No collateral is needed for unsecured personal loans
Apply and get approved online in minutes
Flexible repayment options to suit your needs
Instant credit activation once approved
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 Unsecured 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.
Unsecured 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 Unsecured 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 Unsecured 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
Software Engineer, Mumbai
I needed funds for a home renovation but didn’t want the hassle of offering collateral. That’s when I found RING’s unsecured personal loan. The process was so easy! I applied through the app, completed my KYC, and got approval in minutes. The best part? I didn’t have to risk any of my assets. If you’re looking for unsecured loans, RING is the way to go!
Swati Agarwal, 27
HR Manager, Kolkata
I wasn’t sure I could get a loan without putting up security, but RING made it possible. I applied for an unsecured personal loan when I needed funds for my wedding. The whole process was quick, digital, and stress-free. I got the loan in my bank account within hours. RING’s unsecured loans have been a lifesaver for me!
Ankit Singh, 38
Entrepreneur, Delhi
As a small business owner, I needed quick cash flow but didn’t want to risk my property as collateral. That’s when RING’s unsecured personal loan came to the rescue. It was easy to apply, and I got approved without any hassle. The unsecured loan allowed me to expand my business without the stress of securing it with an asset.
Megha Sharma, 30
Consultant, Bangalore
RING’s unsecured personal loans are perfect for freelancers like me who don’t have steady income or assets to pledge. I needed funds for a major project, and RING offered an unsecured loan that didn’t require any collateral. I applied in minutes, got approved, and had the money transferred to my account on the same day!
Ravi Iyer, 45
School Teacher, Chennai
When my daughter’s education fees were due, I needed a loan but didn’t want to put my house at risk. RING offered me an unsecured personal loan, and it was such a smooth experience. No collateral, no paperwork—just fast approval and flexible repayment terms. It really gave me peace of mind.
Pooja Kapoor, 29
Digital Marketer, Hyderabad
Unsecured personal loans from RING are the easiest way to get funds quickly without worrying about collateral. I applied when I needed to cover medical expenses and was surprised by how fast and efficient the process was. The best part? I didn’t have to pledge any of my assets. RING’s unsecured loans are the best option when you need quick cash!
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 an unsecured personal loan?
How is an unsecured personal loan different from a secured loan?
An unsecured personal loan doesn’t require you to offer collateral, whereas a secured loan does. With an unsecured loan, you can access funds without risking your assets, making it a safer option if you don’t have anything to pledge as security.
How can I apply for an unsecured personal loan on RING?
Applying for an unsecured personal loan is simple and fully digital with RING. Just download the app, complete the paperless KYC, and apply for your loan. You don’t need to submit any physical documents, and approval is quick.
How much can I borrow with an unsecured personal loan from RING?
You can borrow up to Rs. 5 lakhs with an unsecured personal loan from RING, depending on your eligibility and credit profile. There is no need to provide collateral or security for this loan.
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