A Quick Personal Loan is an unsecured loan that provides immediate funds without the need for collateral.
Quick Personal Loans in India
Say Goodbye to Financial Worries with Instant-Approval
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Quick Personal Loan
A Quick Personal Loan is an unsecured loan that provides immediate funds without the need for collateral. It is an ideal solution for urgent financial needs, offering quick and easy access to money with flexible repayment options. With a Quick Personal Loan online, you can borrow up to ₹5 lakhs and repay over a tenure of your choice, ensuring that the loan fits your budget.
Quick Personal Loan has become an essential financial tool for many individuals in India. Whether you need funds for an emergency, to pay for a significant purchase, or to consolidate other debts, a Quick Personal Loan can provide the financial flexibility you need. With instant approval and minimal documentation, obtaining a Quick Personal Loan has never been easier.
Benefits of Quick Personal Loan
Fast process
No collateral needed; easy and quick
Flexible Repayment Options
Instant Disbursement
Features of Quick Personal Loan
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 Quick 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.
Quick 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 Quick 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 Small Personal Loans 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
Ravi K.
The process was incredibly smooth and fast. I got my loan approved and disbursed within minutes!
Yohaan M.
RING's Quick Personal Loan helped me during an emergency. The application was easy, and the funds were available almost instantly.
Find the Right Personal Loan For You
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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 Quick Personal Loan?
What are the benefits of a Quick Personal Loan from Paywithring?
Benefits include quick loan instant approval, high loan amounts, flexible repayment options, minimal documentation, and a 100% digital process.
How much can I borrow with a Quick Personal Loan from Paywithring?
You can borrow up to ₹5 lakhs.
What are the eligibility requirements for a Quick Personal Loan from Paywithring?
Applicants must be 21 years or older and of Indian nationality. Required documents include PAN and Aadhaar.
More Questions
