RING gives personal loan offers with APR (Annual Percentage Rate) varying from 18% to 36% per annum. This range allows RING to cater to diverse credit profiles, potentially offering lower rates to borrowers with stronger credit histories and higher rates to those with less established credit.
Best Deals On Personal Loans with RING
Explore Personal Loan Offers
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Best Personal Loan Offers
RING offers personal loans up to Rs. 5 lakhs with quick and paperless KYC in under 5 minutes! Our loans are designed to provide fast and easy access to funds, with APR varying from 18% to 36% per annum and convenient repayment options over 3 to 24 months. As a 100% digital Made-in-India app, RING is revolutionising the personal loan offers landscape with its user-friendly approach and customer-centric services.
Benefits of Best Personal Loan Offers
Competitive APR
100% digital – from start to finish.
Flexible repayment plans suited to your budget.
No collateral required
Features of Best Personal Loan Offers
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 Best Personal Loan Offers with us.
Follow these simple steps to get started:
1
2
3
4
5
1
Verify Mobile Number
Enter your number on the RING app/website, receive an OTP, and verify.
Best Personal Loan Offers 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 Best Personal Loan Offers
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 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
Rishabh J.
Mumbai
RING made getting personal loan offers incredibly easy. The paperless KYC process took less than 5 minutes, and I received my funds quickly. The flexible repayment terms have been a lifesaver for managing my finances. I particularly appreciate the rewards program – it's a nice touch that makes using RING even more appealing.
Priya M
Delhi
As a young entrepreneur, I needed quick access to capital. RING's personal loan offer was the perfect solution. The application process was straightforward, and their multiple repayment options allowed me to manage my cash flow effectively. The UPI integration and wide merchant network have made it incredibly convenient to use my loan funds.
Amit K
Bangalore
I've used several credit apps, but RING stands out for its personal loan offers, transparency and customer care. Their customer care team made me feel valued as a customer, and the rewards program is an excellent bonus! The instant approval and credit activation were crucial when I needed funds for an emergency.
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 are the interest rates for personal loans offered by RING?
What is the minimum and maximum loan amount offered by RING?
RING has personal loan offers up to Rs. 5 lakhs, providing substantial financial support for various needs. You can get any loan amount ranging from Rs 10,000 to 5 Lakhs.
What is the minimum credit score required to qualify for a personal loan from RING?
The only criteria is that you need to be at least age 21 or above and be of Indian nationality.
What are the repayment terms for personal loans offered by RING?
RING offers flexible repayment terms ranging from 3 to 24 months. This wide range allows borrowers to choose a repayment schedule that best fits their financial situation, balancing shorter terms with higher EMIs and longer terms with lower EMIs.
More Questions
