RING: Quick Personal Loan App 1.3.8

RING: Quick Personal Loan App 1.3.8

Onemi Technology Solutions Pvt. Ltd. – Freeware – Android
out of 629647 votes
Latest Version
1.3.8
Safe to install

Get Quick Personal Loans with RING App!

Peter Salakani

RING is a user-friendly app that provides fast access to personal loans through a seamless process.
2024 Editor's Rating
VERY GOOD User Rating

RING is a credit app catering to India’s young, ambitious individuals. Developed locally, this digital platform offers credit services through Si Creva Capital Services Pvt. Ltd, an RBI-registered NBFC. RING provides personal loans for extended periods, along with diverse payment options.

Customers can access up to Rs. 5 lakhs in credit with a quick and paperless KYC process done in under 5 minutes. The Annual Percentage Rate (APR) ranges from 18% to 36% per annum, with convenient repayment terms spanning from 3 to 24 months. Additionally, on-time repayments unlock the potential for higher pre-approved loans.

Moreover, RING UPI facilitates convenient money transfers to mobile numbers or bank accounts. The UPI Lite feature enables small-value transactions up to Rs. 200, while the Expense Tracker allows users to monitor account balances, credit card activity, UPI transactions across categories, and monthly savings.

  • Pay at over 10 lakh RING-affiliated stores nationwide
  • Access Power Loans up to Rs. 5 lakhs
  • Transfer funds instantly to your bank account
  • Use RING UPI & UPI Lite for hassle-free transactions
  • Manage expenses efficiently with the RING Expense Manager feature

RING prioritizes a customer-centric approach, emphasizing safety and data protection to deliver a seamless experience at every touchpoint. The company's collection practices are designed with empathy and adhere strictly to RBI and MeiTY guidelines.

Special bonuses reward users with cashback on transactions made through RING. For instance, a credit example for small business purchases illustrates how the app can be utilized effectively.

The key advantages of choosing RING include:

  • Easy credit accessibility up to Rs. 2 lakhs
  • Straightforward application process with rapid approval
  • Flexible repayment options available
  • No physical documentation required
  • No collateral needed to secure credit

RING collaborates with reputable RBI-registered NBFCs, such as Si Creva Capital Services Pvt Ltd, Poonawalla Fincorp Limited, and MAS Financial Services Limited.

To be eligible for RING's services, applicants must be aged 21 or above and hold Indian nationality. Documentation requirements include PAN card details and Aadhaar information.

The company's customer care principles prioritize customer safety:

  1. Avoiding contact via private mobile numbers or WhatsApp for payment reminders
  2. Ensuring all calls originate from registered landline numbers
  3. Collecting payments exclusively through official channels
  4. Monitoring call quality and language for professionalism
  5. Absolutely no requests for extra payments or commissions
  6. Maintaining data privacy without accessing personal information like contact lists
  7. Respecting customer privacy by not contacting friends or relatives for repayments
  8. In case of any concerning situations involving customer care violations, individuals are encouraged to report such incidents via email or phone. The registered office address of RING is Office Unit 2,3 & 4, 10th Floor, Tower 4, Equinox Park, LBS Marg, Kurla (West), Mumbai - 400070, Maharashtra, India. Disclaimer: RING's application is SSL-certified, guaranteeing secure transactions for its users.

Overview

RING: Quick Personal Loan App is a Freeware software in the category Business developed by Onemi Technology Solutions Pvt. Ltd..

The latest version of RING: Quick Personal Loan App is 1.3.8, released on 03/26/2024. It was initially added to our database on 03/26/2024.

RING: Quick Personal Loan App runs on the following operating systems: Android.

Users of RING: Quick Personal Loan App gave it a rating of 4 out of 5 stars.

Pros

  • Easy and quick loan approval process
  • No physical documentation required
  • Flexible repayment options
  • User-friendly interface
  • Transparent terms and conditions

Cons

  • High-interest rates compared to traditional loans
  • Availability limited to certain regions/countries
  • May require access to personal and financial information

FAQ

What is RING: Quick Personal Loan App?

RING is a mobile application developed by Onemi Technology Solutions Pvt. Ltd. that provides quick personal loans to users.

How does RING app work?

Users can download the RING app, fill in their personal and financial details, and apply for a personal loan through the app. The app uses advanced algorithms to assess the user's creditworthiness and provide instant loan approval.

What are the eligibility criteria for getting a loan through RING app?

The eligibility criteria may vary, but generally, users need to be Indian residents aged between 21 to 55 years, have a stable income source, and meet the credit requirements set by the app.

What is the loan amount range offered by RING app?

RING app offers personal loans ranging from INR 10,000 to INR 1,00,000, depending on the user's eligibility.

What is the interest rate charged on loans by RING app?

The interest rate may vary based on various factors, but generally, RING app charges interest rates starting from 11.99% per annum.

How long does it take to disburse the loan once approved?

Once approved, the loan amount is usually disbursed to the user's bank account within 24 hours.

How can users repay the loan taken through RING app?

Users can repay the loan through EMIs (Equated Monthly Installments) using auto-debit facility linked to their bank account.

Is there a penalty for prepayment of the loan?

There may be prepayment charges applicable if a user wishes to prepay the loan. The specific details regarding prepayment charges can be found in the loan agreement.

Is my data safe with RING app?

Yes, RING app follows strict data security measures to ensure that user data is safe and secure. It uses encryption protocols to protect sensitive information.

Can I contact customer support for any queries related to the RING app?

Yes, users can contact customer support through the app for any queries or assistance related to loans, repayments, or any other issues.


Peter Salakani

Peter Salakani

I'm Peter, a software reviews author at UpdateStar and content specialist with a keen focus on usability and performance. With a background in both software development and content creation, I bring a unique perspective to evaluating and discussing general software topics. When I'm not reviewing software, I enjoy staying updated on the latest tech trends, experimenting with new applications, and finding innovative solutions to everyday tech challenges.

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