Once you apply for a loan from Ring App and repay it back on time, your credit report reflects the same. This helps you avail a bigger loan at a later stage from us (subject to eligibility) or from other banks or other financial institutions and also you may also get it at a lower interest rate. However, if you don’t repay the loan on time or default, your credit score may be negatively impacted. And, it becomes nearly impossible to avail a loan from any other bank due to your poor repayment history. Even if a loan is approved, the interest rate that will be charged will be considerably higher.