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RING Personal Loan

RING offers personal loans with flexible terms, designed to meet the financial needs of individuals looking for quick and convenient loans. With a maximum loan amount of ₹1 lakh, and an interest rate ranging from 23% to 33% p.a., RING provides a viable option for those in need of fast access to funds

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Loan Highlights
Features
Eligibility criteria
Documents Required
How To Apply
FAQs
Partners
Articles
Testimonials

RING Personal Loan Highlights

Interest Rate
23-33% p.a.
Loan Amount
Up to ₹1 lakh
Tenure
Up to 24 months

Features of RING Personal Loan

Loan amount:RING offers personal loans up to ₹1,00,000.
Loan tenure:You can repay your loan within a maximum tenure of 24 months.
Interest rates:The interest rate for RING personal loans varies between 23% and 33% p.a.,depending on the applicant’s creditworthiness.
Quick approval: With a simplified application process, loans are approved quickly.
No collateral:RING personal loans are unsecured, meaning you don’t need to provide any assets or property as security.
Flexible repayment:Enjoy flexibility in repayment with terms ranging up to 24 months.
Minimal processing fees:RING charges competitive processing fees that are lower compared to traditional lenders.

Why Choose Moneycontrol?

Low Interest Rate
Instant Disbursal
Multiple Offers
100% Digital Process

Eligibility Criteria for RING Personal Loan

To qualify for a RING personal loan, applicants must meet the following eligibility requirements:

age
Applicants must be between 23 and 55 years of age.
Employment status
You must be employed with a stable income source, either salaried or self-employed.
Income
A minimum monthly income of ₹15,000 is required for salaried individuals and ₹25,000 for self-employed individuals.
Credit Score
A minimum credit score of 650 is typically needed to be eligible for a loan. However, individuals with a higher credit score may qualify for better interest rates.
Residence
Applicants must be Indian residents and must have a permanent address within the serviceable area.
Existing loans
Applicants with no or minimal existing loan obligations may have higher chances of approval.

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Documents Required for RING Personal Loan

To apply for a RING personal loan, you will need to submit the following documents:

Identity proof: Aadhar card, Passport, Voter ID, or Driver’s Licence
Address proof: Aadhar card, utility bills, passport, or ration card
Income proof:
- For salaried individuals: Salary slip for the last 3 months or bank statement for the last 6 months.
- For self-employed individuals: ITR (Income Tax Return) or bank statement for the last 6 months.
Photographs: Passport-sized photographs.
KYC documents: Proof of identity and address as per KYC guidelines.
Application form: Filled application form with personal details and loan requirements.

Pick Your Loan Amount

How to apply for RING personal loan

You can apply for a RING personal loan loan online via Moneycontrol using the following steps:

1
Enter your details
2
Pick the best loan offer from multiple lenders including RING
3
Complete your KYC
4
Set up EMI repayment
5
Withdraw funds to your bank account

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FAQs about RING personal loan

What is the maximum loan amount I can get with a RING personal loan?

The maximum loan amount available is ₹1,00,000.

What is the interest rate for RING personal loans?

The interest rate ranges between 23% and 33% p.a, depending on your credit profile and other factors.

Can I repay the loan before the tenure ends?

Yes, RING allows you to repay the loan early without any prepayment penalties, giving you more flexibility.

How long does it take for RING to approve the loan?

The approval process typically takes 1-2 business days, depending on the completeness of your documents and your eligibility.

Do I need to provide collateral for the loan?

No, RING personal loans are unsecured, meaning you do not need to pledge any collateral.

Can I apply for a personal loan if I have a low credit score?

While a higher credit score improves your chances, individuals with lower scores may still qualify. However, the interest rate could be on the higher end of the spectrum.

Can I get a loan if I am self-employed?

Yes, self-employed individuals can apply, provided they meet the income criteria and submit relevant financial documents like ITR.

Our Lending Partners

EarlySalary Services Pvt. Ltd.

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Grievance Redressal

Mr. Amit Nosina

grievance@earlysalary.com
care@earlysalary.com

020-67639797

Aditya Birla Finance Ltd.

Personal Loan

Grievance Redressal

Mr. Arijit Sen

grievance.finance@adityabirlacapital.com

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Grievance Redressal

Mr. Arijit Sen

grievance.finance@adityabirlacapital.com

L&T Finance Limited

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Grievance Redressal

Mr. Vinod Varadan

gro@ltfs.com

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User Testimonials

I would like to thank Moneycontrol, few days back I met with an accident and I didn’t have much money to pay in one go. So, I took an instant cash advance from Moneycontrol. They helped me to clear all the medical bills in just 10 mins!

Suresh V Rangnathan

The overall experience with Moneycontrol was really good. I applied for an online personal loan and the service was very quick. The entire process was fast and smooth, and the loan was sanctioned without any hassles.