Ring App Reviews – Real or Fake

Ring App Reviews - Loans For Unemployed

Ring App Reviews – If you are an unemployed individual or a student with bad credit and looking for an instant loan, you are in the right place. In this article, we are going to discuss an app that will provide instant loans for students and unemployed people.

What is Ring App?

Ring is a pay-later app that operates on a monthly term repayment policy. After taking a loan from this app, you will have one month to repay it. (It was updated in September 2023; before that, it had a 15-day term repayment policy.) This app launched on the Google Play Store on December 13, 2021, and currently holds a rating of 4.7 out of 5. It has been downloaded over 10 million times from the Play Store.

Application process in the Ring Loan App

You can apply for this app in online mode. No paper documents are needed for the verification of this loan app. You need to provide some basic details for this loan app to verify your identity as you are an Indian citizen. It requires that your Aadhar card should be linked to your phone number, which you have logged in to this app. It needs to verify your identity by confirming your details with the Aadhar OTP. After submitting the OTP, you need to enter the PAN card details, and after that, you will receive a loan based on your credit score, ranging from 6,000 to 35,000. This is the process for applying for a loan in the Ring Loan app.

Intrest In ring App

This app will charge very little interest. However, they will collect a transaction fee of 9 to 10%. Based on my personal experience, I have taken a 26,000 loan from this app, and when it comes time for repayment, I am paying more than 29,200.That Meands I am paying Extra morethan 3200 as fee for this App. They will collect an amount equivalent to 0.5 to 1% of the total loan amount as a convenience fee. The Ring app will not charge any interest other than this.

Pros & Cons of Ring Loan App



  • High Transection Fee
  • No Details About Data Privacy
  • Harassment of Phone Calls And Messages before three days of the loan Payment

Ring app Reviews

In my personal opinion, this is a good loan app for people who need money immediately and without any documents or salary slips. It helped me a lot in my emergency situation. However, there is a high transaction fee. If the loan is not essential for you, I would not recommend using it unless it’s an emergency.
If you want to take loan from this app Click here to apply


In this article, I have provided the complete information about the Ring loan app, including the application process, interest rates, pros, and cons of the app. The decision to take a loan from this app or not is up to you. One thing I can say is that it is a legitimate app, but the transaction fee is high. If you find the information I have provided helpful, please consider sharing it with your friends who are looking for an instant loan.

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