For the young and restless in India, RING is the most reliable transaction credit app, allowing for quick and simple purchases, credit at the point of sale, bill payments, bank transfers, and more. Customers are encouraged to make low-value transactions since they are risk-free to them.
Ring Pay Later offers up to a 30,000 credit limit instantly.
Ring Pay Later Quick Recap
|Interest rate||14% – 28% p.a.|
|Credit Limit||Up to Rs. 30,000/-|
|Interest-Free||Up to 30 days|
|Loan Tenure||3 months to 24 months|
|Eligibility Age||21 years or above|
|Processing Fees||3% + GST|
|Eligible for||Self-Employed / Salaried Person / Student / HouseWife|
Also Read: Mobikwik Zip Pay Later
What is Ring Pay Later?
The young and restless of India can trust RING, the most popular transaction credit app in India, to make instant purchases, pay bills, transfer money, and more. Bonuses for low-value transactions are provided at no cost to the customer.
Benefits of Ring Pay Later
100% Digital: Ring Pay Later provides up to Rs. 30,000 credit limit which is a fully digital process. You can apply for pay later service from home.
Easy Transfer Credit Limit: Transfer your credit limit to your bank account within 10 minutes. You can transfer money to your own account through Pay with Ring apps.
Ring Card: You can do everything you want: shop, eat, or travel. You may just go ahead and do what you want without thinking about your bank balance. Use your credit limit through Ring Card.
Fast Approval: Instant approval is offered for a loan up to Rs.30,000, with no further paperwork to fill out or a waiting period required. Loan approval with Ring Pay Later takes quickly.
Zero charges: If you need cash quickly but don’t want to pay any fees to get it, you can use Ring Pay Later to get a loan and pay it back after you’ve paid all your other expenses.
Minimum Documents: You won’t need to submit a tonne of documents in order to qualify for a credit limit with Ring Pay Later. With only your Aadhaar and PAN card, you can get the loan.
Also Read: Freecharge Pay Later Loan
Ring Pay Later QR Code
A Ring Pay Later OR Code is a simple way to receive payments from customers at your store. Join Merchant Portal from Ring Pay Later apps.
- The Ring Pay Later team will come to you whenever it is convenient for you.
- In less than 3 minutes, you will have completed your verification procedure with our staff.
- Begin receiving payments and earning incentives right now.
Ring Pay Later Fees, Charges & Interest Rate
|Interest rate||14% – 28% p.a.|
|Processing fee||3% + GST|
|Credit Limit Tenure||30 days|
Example of Ring Pay Credit Limit
Instant credit amount (Principal Amount): ₹10,000
Tenure: 6 months
Interest Rate: 0% per annum.
Processing Fee (incl. GST): ₹300 (3%)
Total Interest: ₹0
Credit Amount: ₹10,000
Total Repayment Amount: ₹10,300
Total Loan Cost = Interest Amount + Processing Fees = ₹0 + ₹300 = ₹300
Also Read: Flipkart Pay Later EMI
Ring Pay Later Loan Eligibility
- Applicants must be at least 21 years old.
- Nationality Indian
- Source of Income
Documents Required for Ring Pay Later
- Pan Card
- Aadhaar Card
How to use Ring Pay Later
- Scan the welcome QR Code with the camera/scanner to install the Ring app
- Enter the payment amount now
- Register with your phone number and PAN
- Accept the offer and begin using your Credit Limit
- Pay according to the agreed-upon repayment period
Also Read: SBI Cashback Credit Card
Ring Pay Customer Care
If you have any questions or complaints about the Ring app, you can reach out to them using the information provided below.
- [email protected] for Ring app support emails.
- Ring Pay Office, 2nd Floor, Nahur West, Mumbai, 400078
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