Ring App Se Loan Kaise Le in 2024: Check all the details regarding ring loan app personal loan apply, eligibility, documents required, loan amount, benefits, features, repayment schedule, interest rate, review, etc.
This article will also answer your questions like ring app safe or not?, ring app real or fake?, is ring app RBI approved or not?, etc.
So, read the complete article to know everything related to Ring Loan App (2024).
What is Ring App?
The Ring Loan App is a digital platform designed for individuals seeking credit loans. It enables users to conveniently make payments both in-store and online, similar to popular payment methods such as G Pay, Phone Pay, UPI, and Paytm.
Ring App is a mobile application providing Pay Later service, with the help of which loan can be obtained in the form of credit limit and that money can be used anywhere offline or online as per your need.
The purpose of this application is to help people to buy the things they want, for this this application gives you a personal loan credit limit of Rs. 35,000 and that too on the basis of very few documents
Unlike traditional methods where funds are withdrawn from personal bank accounts, the Ring App allows users to utilize the credit loan provided within the Ring app to make payments to anyone, anywhere.
The outstanding Ring App Loan 2024 amount can be repaid within a specified timeframe without incurring any interest charges.
Ring Loan App Details
Before getting the loan limit through Ring App, you should know some important things about the app like how much loan will be available, loan interest rate, time period etc. and information about all this is given below:
| App Name | Pay With Ring |
| What you get from Ring app | Loan Credit Limit |
| Age Limit | 21+ Years |
| Credit Limit | Rs. 35,000 |
| Time taken to take Loan | 30 minutes |
| Interest Rate on Ring Loan Credit Limit | 12% to 28% |
| Time to Repay Ring Loan | 3 months to 24 months |
| Ring App Email ID | care@paywithring.com |
| Ring App Customer Service Number | 022-41434302 |
Benefits of Ring Loan App
The following are the benefits of the Ring Loan App (2024):
- Get a loan quickly with the Ring App, ensuring a hassle-free process
- Simply provide your PAN card and enjoy the benefits of low-interest rates on your Ring Loan App
- Your documents will be securely stored when you choose the Ring Loan
- Experience the convenience of taking an EMI loan directly from the Ring app
Documents Required for Ring PayLater Loan
The following documents are required to apply for a personal loan from the Ring Loan App under PayLater:
- Email ID
- Aadhaar Card
- PAN Card
Ring App Loan Eligibility Criteria
To be eligible to apply for a personal loan on the Ring App, you will have to fulfil the following eligibility criteria:
- You must be at least 21 years old
- Only citizens of India can apply for a loan on the Ring Loan App
- Your minimum monthly income should be Rs. 25,000
- To download the app, make sure that you have a smartphone and a mobile number
- Aadhaar Card and a PAN Card
Features of Ring Personal Loan App
The Ring App has many features. Some of the features of the Ring App Loan Apply 2024 has been given below:
- Obtaining the loan limit through the Ring App is an effortless process
- The credit limit can be availed using only a PAN card and an Aadhaar card
- Convenience of receiving the credit limit within minutes
- Multiple repayment options are available for your convenience
- No physical document verification is required
- No need for a guarantor
- Over 1.5 lakh QR codes have been installed nationwide
- Make direct payments using the QR Code Scanner
- Utilize the credit limit to purchase desired items or fulfill other requirements
Charges and Fees of Ring Pay Later Loan App
If you take a loan through the Ring Loan App, then you will have to pay some processing fees and charges on the loan amount which are mentioned below:
| Ring App Loan Limit Interest Rate | 12% to 28% |
| Ring Credit Limit Processing Fee | 3% |
| Ring Loan Limit GST Fees | 18% |
| Ring Credit Limit Late Fees | Depending on the amount of credit limit |
| Credit Limit Hidden Charges | 00 |
| Ring Credit Limit Prepayment Charges | 00 |
| Credit Limit Documentation Fee | 00 |
| Ring Credit Limit Annual Fee | 00 |
Ring App Se Loan Kaise Le (2024)?
To apply for a loan through the Ring App, follow the steps mentioned below:
- Step 1: Download the Ring application
- Step 2: Create an account using your mobile number or Google account
- Step 3: Fill up the user details form
- Step 4: Provide your PAN Card Number during the sign-up process to determine your loan limit, which will be granted within minutes
- Step 5: Once you receive your loan limit, you will need to complete the verification process by entering your UID card number
- After verification, you have the option to transfer the loan amount directly to your bank account or make payments by scanning the QR code
Ring App Loan Repayment Schedule
With the Ring Loan App, you can get a repayment time of 3 months to 24 months. This is a considerable amount of time to repay the personal loan amount.
Ring App Loan Interest Rate
The interest rate for taking a loan from the Ring App varies depending on the product and repayment period you select. The interest rate can range from 14% to 36%
Ring App Loan Processing Fees
The processing fee may vary depending on the product and the repayment period you select. It can be a fixed amount or a percentage of the product value/ loan amount.
Note: Please be aware that the processing fee for new loan applications is subject to change without prior notice. Ring is not responsible for informing customers about any changes. To inquire about the latest processing fee for loans, please email: [email protected]
Ring App Customer Support Contact
| Ring App Phone Number | 022-41434302 |
| Ring App Email ID | [email protected] |
| Ring Loan App Website | www.paywithring.com |
Who Can Get a Loan on the Ring App?
The following individuals can avail the loan limits through the Ring App:
- Those who have a fixed job
- Anyone who has his/ her own business
- Whose monthly income is Rs. 25,000
Is Ring Loan App RBI Registered?
Ring App collaborates with Si Creva Capital Service Pvt. Ltd, a non-banking financial company registered by RBI, to provide credit limits that are fully regulated by the RBI.
The partner company of Ring application strictly follows all the guidelines and rules issued by RBI.
Is Ring App Safe?
Yes, the Ring application is completely secured as the application is SSL certified, under which every transaction made within the application is 100% secure.
At the same time, special care is taken of the personal information of the customers within this application and the customer’s data is not used at any other place.
Security updates are given in a short time inside the Ring application so that no data can be stolen inside the application.
Where can we use the Ring App Loan?
- You can do online shopping with Ring App
- You can book movie tickets
- You can buy gifts for your loved ones
- You can pay house rent
- You can do mobile recharge or DTH recharge
- You can transfer the money to anyone
- Or you can spend the money on other things of your own choice
Ring App Review
- Age: First of all let’s talk about when the Ring application was launched, this application was launched on Google Play Store in December 2021.
- Downloads: If we talk about the popularity of the application, then Ring App has been downloaded by more than 10 crore people through Google Play Store
- Rating: If we talk about the rating of Ring App, then this application has got a rating of 4.4 stars on Google Play Store, which is a very good rating.
- Customer Review: If we talk about people’s reviews, then about 4 lakh people have given their views about the application, in which the application is being appreciated a lot, you can read the reviews by going to Play Store.
- User Interface (UI): If we talk about the user interface (UI) of this application, then its user interface is very easy and every person can use this application easily.
- RBI Registration: Ring App Si Creva Capital Service Pvt., a non-banking financial company registered by RBI. Ltd provides credit limit which is fully regulated by RBI.
- Application Service: Taking credit limit through Ring app is very simple and loan limit can be obtained on the basis of very few documents, hence the service of this application is very good.
- The security of customer data is especially taken care of inside the App Security Ring App and along with this, this application has also got an SSL Certificate
Disclaimer: Before taking a loan from any app, please read all the loan-related documents very carefully. We won’t be liable to anyone in case of any fraud or
FAQs on RING Loan App
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Is Ring Loan App RBI Registered?
Ring App is RBI registered and operated by Si Creva Capital Service Pvt. Ltd., a non-banking financial company regulated by RBI. provides credit limit facility.
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Is Ring App safe or not?
The RING application is completely safe and secure because this application has got SSL certificate and every transaction is kept completely secure, apart from this, special care is also taken of the customer’s data.
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What is the interest rate of Ring Loan?
You will have to pay interest rate ranging from 14% to 28% on the loan credit limit taken through Ring app.
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What is the loan amount of Ring Loan App?
Through the Ring App, you get a credit limit of up to Rs. 35,000 only on Aadhar card and PAN card.
