An urgent loan from RING is a personal loan designed for quick approval and disbursement, typically used to address immediate financial needs or emergencies. It offers a streamlined application process and rapid fund transfer to help you manage time-sensitive financial situations.
Quick Approval, Instant Disbursement
Get an Urgent Personal Loan with RING
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Urgent Personal Loans
An urgent personal loan from RING is a quick financial solution designed to meet your immediate monetary needs. Whether you're facing a medical emergency, unexpected home repairs, or any other financial urgency, RING's urgent personal loan offers a seamless borrowing experience with instant approval and rapid fund disbursement.
RING, India's trusted credit app for the young and ambitious, provides urgent personal loans ranging from ₹15,000 to ₹5 lakhs. Our 100% digital process ensures that you can access funds quickly, often within minutes of approval, making it an ideal choice for time-sensitive financial requirements.
Benefits of Urgent Personal Loans
Fast process
100% Digital Process
Tailored repayment options
No collateral needed; easy and quick
Features of Urgent Personal Loans
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 Urgent Personal Loans 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.
Urgent Personal Loans 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 Urgent Personal Loans
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 Urgent 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
Samay
Mumbai
When my father needed urgent medical treatment, RING's personal loan was a lifesaver. The instant approval and quick disbursement meant I could arrange the funds within hours. The flexible repayment terms have made my budget manageable.
Manoj
Delhi
As a freelancer, I sometimes face urgent cash flow issues. RING's personal loan has been my go-to solution. The paperless process and competitive interest rates make it incredibly convenient. Plus, the rewards program is a nice touch!
Kiran
Chennai
I was sceptical about online loans, but RING's personal loan won me over during a home repair emergency. The transparency in the loan terms and the quick fund transfer were exactly what I needed. The customer service was excellent, too!
Neha R
Chennai
As a small business owner, I often face unexpected expenses. Last month, my delivery vehicle broke down, threatening to disrupt my entire operation. RING's urgent personal loan was a game-changer. I applied late in the evening, expecting delays, but to my surprise, the money was in my account before I woke up the next day. RING has definitely earned my trust and loyalty!
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 Urgent loan?
How do I apply for an online Urgent loan?
To apply for an urgent loan with RING: a) Download the RING app from the Play Store or App Store b) Complete the quick KYC process using your PAN and Aadhaar c) Enter the desired loan amount and repayment term d) Submit your application e) Receive instant approval (typically within 5 minutes) f) Accept the loan offer g) Receive funds in your bank account
What are the eligibility criteria for an Urgent loan?
To be eligible for an urgent loan from RING, you must be:
- 21 years or older
- An Indian citizen
- Have a steady source of income
- Possess a valid PAN and Aadhaar card
How much time does it take to get an Urgent loan approved?
RING offers instant approval for urgent loans, typically within 5 minutes of submitting your application. Once approved, funds are usually disbursed to your bank account within minutes.
More Questions
