Pay with Ring is an Online Instant Credit platform
RING is India’s trusted transactional credit app for the young and the restless, the dreamers and the doers. We are Made-in-India app that is 100% digital with credit provided by an RBI-registered NBFC (Si Creva Capital Services Pvt. Ltd), offering quick credit, personal loans, and a plethora of payment options.
Customers can avail of credit up to Rs. 2 lakhs with quick and paperless KYC in under 5 minutes! APR varies from 18% – 36% per annum. Convenient repayment over 3 to 24 months. Unlock higher pre-approved limits on timely repayment.
RING follows a human-first approach to customer service. We care deeply about customer safety, and data protection and take adequate measures to ensure that our customers have a seamless and delightful experience, at every interaction. Our collection processes are designed to be empathetic and follow all guidelines prescribed by RBI and MeiTY.
Use RING’s pre-approved limit to unlock awesome benefits:
* Pay at over 8 lakh RING merchant stores across India
* Transfer to your own bank account for quick cash
* Transact online and offline
* Seamless Bill Payments
* UPI Payments
* Power Loan up to Rs. 2 Lakhs
Extra Bonus: Win unbelievable rewards and cashback, each time you transact on RING.
Example of Credit for Small Business Purchases
Loan amount (Principal): ₹ 1,00,000.
Tenure: 12 months.
Interest Rate: 30% per annum.
Processing Fee (incl. GST): ₹ 3000 (3%).
Total Interest: ₹ 16,985.
EMI: ₹ 9747.
APR: 36.86%.
Loan amount is ₹ 1,00,000.
Disbursed amount is ₹ 97,000.
Total loan repayment amount is ₹ 1,16,985.
Total Cost of the Loan = Interest Amount + Processing Fees = ₹16,985 + ₹3000 = ₹19,985