An emergency personal loan is a short-term loan designed to provide quick access to funds during financial emergencies. These loans are typically disbursed quickly and require minimal documentation.
Don’t let emergencies take you by surprise!
Get support with our emergency personal loans
Flexible Repayment
Instant Bank Transfer
Affordable Rates
About Our Personal Emergency Loan
Unexpected financial hurdles can disrupt your life. Our emergency loan is designed to be your swift and reliable financial lifeline. We understand that emergencies demand immediate attention, which is why we've streamlined the application process. Avail a personal loan for any emergency with minimal documentation and enjoy the flexibility of choosing a repayment plan that suits your budget. No collateral is required. With just a few clicks, you can access the funds you need to overcome unforeseen challenges. Our emergency loan is more than just a financial product; it's a commitment to your peace of mind during difficult times.
Benefits of Personal Emergency loans
Instant Disbursals
Zero Paperwork
Higher Tenures
Affordable Rates
Features of Personal Emergency 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
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.
The Formula to Calculate EMI on Personal Emergency Loan
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 Emergency 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 emergency 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
Shankar S
New Mumbai
When I needed funds urgently for a medical emergency, the emergency loan from RING was a lifesaver. The application process was incredibly fast, and I had the funds in my account within minutes. The flexibility in repayment options also helped me manage my finances better. I highly recommend RING to anyone in need of quick financial assistance.
Sanket S
Goa
During my vacation, I unexpectedly ran out of money and needed funds urgently. The personal loan for emergency by RING was extremely user-friendly. I was able to apply for a loan within minutes and received instant approval. The entire process was smooth and hassle-free. Thanks to RING, I could enjoy the rest of my vacation without any financial stress.
Ankit Verma
Odisha
I had an urgent home repair that needed immediate attention, but I didn't have enough funds at the time. The emergency loan from RING provided the quick cash I needed to get the repairs done. The application process was simple, and the funds were disbursed quickly. I'm grateful for the timely assistance.
Neha Gupta
Noida
Life is full of surprises, and sometimes they come with unexpected expenses. When I needed quick funds, RING's personal loan for emergency was there to help. The process was straightforward, and I got the money I needed without any hassle. The repayment options were also flexible, making it easy to manage my finances.
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 an emergency personal loan?
What are the eligibility criteria for an emergency personal loan?
To be eligible for an emergency personal loan, you must be an Indian citizen aged 21 years or older. Additionally, you need to have a valid PAN card and Aadhaar card.
What are the uses of emergency personal loans?
Personal loans for emergencies can be used for various urgent financial needs, including medical emergencies, urgent home repairs, unexpected travel expenses, and any other unforeseen expenses.
How much loan amount can I take for an emergency personal loan?
You can avail of loan amounts up to Rs. 5 lakhs, depending on your eligibility and creditworthiness. The exact amount will be determined based on your financial profile and repayment capacity.
More Questions
