A personal loan for maternity leave from PaywithRING offers several benefits, including quick approval, flexible repayment options, no collateral requirements, and a convenient online application process. You can get up to Rs. 5 lakhs to cover all your maternity-related expenses, ensuring financial stability during this crucial time.
Personal Loans for Maternity
welcome a new life with ease
Zero Pre-payment charges
Flexible Repayment
Instant Bank Transfer
About Our Maternity Loan
Welcoming a new family member is a joyous occasion, and our personal loan for maternity leave is here to make it even more special. Enjoy easy financing options designed to support you during this precious time. With quick approval, you can access the funds you need right away, ensuring you're prepared for any expenses. Our flexible repayment options let you choose a plan that suits your budget, giving you one less thing to worry about. No collateral is needed, making the application process simple and stress-free. We offer generous loan amounts to cover everything from medical expenses to baby essentials. Let us help you focus on the joy of your growing family without financial concerns. Apply today and embrace a worry-free maternity leave!
Benefits of Maternity loans
Access funds quickly without the hassle of paperwork.
Choose a repayment plan that works for you.
Enjoy financial flexibility without any collateral.
Get a loan upto Rs.5 lakh to cover maternity expenses.
Features of Personal Loans for Maternity
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.
Personal Loan For Maternity 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 Maternity 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 maternity 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
Ananya S.
RING made my maternity leave stress-free. The quick approval and flexible repayment options were a lifesaver!
Rekha
I was able to set up a beautiful nursery without worrying about finances, thanks to RING’s personal loan for maternity leave.
Sushma R.
The loan process was so easy and quick. I got the funds in no time and could focus on my health and baby.
Arjun M.
RING’s customer service is excellent. They guided me through every step and ensured I had a smooth experience.
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Got Questions? Let's get to them.
What Are The Features And Benefits Of A Personal Loan for Maternity From PaywithRING?
How Do I Apply For A Personal Loan for Maternity Leave From PaywithRING?
Applying for a personal loan for maternity with PaywithRING is simple. Download the RING app from the Android or iOS store, complete the KYC process, which is quick and paperless, select your loan amount and tenure, and submit your application. You will receive instant approval, and the loan amount will be promptly disbursed to your bank account.
What Is The Advantage Of Availing A Personal Loan for Maternity From PaywithRING Over A Personal Bank Loan?
PaywithRING offers a fully digital process, meaning you can apply from the comfort of your home without any physical documentation. The approval is instant, and you get flexible repayment options tailored to your needs. Additionally, there’s no need for collateral, making it a more convenient option compared to traditional bank loans.
What Are The Types Of Loans Offered By PaywithRING?
PaywithRING offers various types of personal loans to suit different needs, including personal loans for maternity leave, travel, education, home renovation, weddings, and medical emergencies. Each loan type is designed to provide financial support for specific purposes, ensuring that you have access to the funds you need when you need them.
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