Ring (Pay with Ring)

Ring Personal Loan

App-based loans of up to ₹5 lakh, mostly lent by Si Creva (the same group as Kissht), with a published APR of 32% to 57% and fees and foreclosure charges of up to 7% each, so it is a high-cost option.

Up to 36% a year
Up to ₹5 lakh

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Rates and charges

Interest rate: Up to 36% a year
Annual percentage rate (APR): Up to 57%
Processing fee: Up to 7% of the loan amount + GST on loans from Si Creva; other partner lenders set their own fees
Foreclosure: Allowed after the 3-day cooling-off period. For Si Creva loans, up to 7% of the amount foreclosed + GST. Other partner lenders apply their own charges, shown in the Key Fact Statement. Closing inside the cooling-off period can cost up to 100% of the processing fee.
Part-prepayment: Up to 7% of the amount prepaid + GST for Si Creva loans; available only if the financier allows it.

Loan terms and eligibility

Loan amount: Up to ₹5 lakh
Tenure: 3 months to 5 years
Who can apply: Not published
Minimum income: Not published
Age: Not published
Disbursal (lender's claim): Money in your bank account in 5 minutes
Who lends: Si Creva Capital Services Private Limited
RBI digital lending apps directory: Listed (as reported by the lender)

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CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion. The lender decides your rate, amount and approval.

Work out your EMI with Ring (Pay with Ring)'s rates

Prefilled with Ring (Pay with Ring)'s published terms and its highest published processing fee (7%). Change any number to match your offer.

Your loan

Monthly EMI: ₹10,046
Total interest: ₹20,555
Processing fee + 18% GST: ₹8,260
Total cost of the loan: ₹28,815
Effective annual cost: 53.70%
Money in hand: ₹91,740
You pay back in 1 yr: ₹1,28,815

Total cost = interest + processing fee + GST. Effective annual cost is the yearly rate you really pay on the money in hand, the way lenders work out the APR in a Key Fact Statement.

Same loan, different tenures

EMI and total cost of a ₹1,00,000 loan at 36% for 12 to 60 months
Tenure	EMI	Total interest	Total cost (incl. fee + GST)	Effective annual cost
12 months (yours)	₹10,046	₹20,555	₹28,815	53.70%
24 months	₹5,905	₹41,714	₹49,974	45.80%
36 months	₹4,580	₹64,894	₹73,154	43.09%
48 months	₹3,958	₹89,973	₹98,233	41.74%
60 months	₹3,613	₹1,16,798	₹1,25,058	40.95%

A longer tenure lowers the EMI but raises the total interest. A fixed fee costs more per year on a short loan.

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Questions people ask

What interest rate does Ring Personal Loan charge?

Ring (Pay with Ring) publishes up to 36% a year. The rate you're offered depends on your credit score, income and the lender's own checks, and is usually above the starting rate.

What is Ring (Pay with Ring)'s processing fee?

Up to 7% of the loan amount + GST on loans from Si Creva; other partner lenders set their own fees. GST at 18% is added to the fee.

Who actually gives the loan?

Ring (Pay with Ring) is a lending app. The loan is given by Si Creva Capital Services Private Limited, which is regulated by the RBI. Your Key Fact Statement names the exact lender.

Is Ring (Pay with Ring) registered with RBI?

The Ring app is listed in RBI's directory of digital lending apps, as reported by Si Creva Capital Services Private Limited. The directory shows what lenders report; RBI doesn't vouch for the app. The app itself isn't a lender; the bank or NBFC behind it is regulated by RBI.

Can I close or prepay a Ring (Pay with Ring) loan early?

Closing early: Allowed after the 3-day cooling-off period. For Si Creva loans, up to 7% of the amount foreclosed + GST. Other partner lenders apply their own charges, shown in the Key Fact Statement. Closing inside the cooling-off period can cost up to 100% of the processing fee. Part-prepayment: Up to 7% of the amount prepaid + GST for Si Creva loans; available only if the financier allows it.

Last verified 18 Oct 2026 on Ring (Pay with Ring)'s official page. Rates and fees change; check the lender's terms before you apply.