Loan Application Documentation FAQs

What are the minimum documents required for loan approval?
Selfie PAN Card Aadhaar Card (Address Proof)
Sun, 9 Jun, 2024 at 8:39 PM
What other documents may be required basis my profile?
To complete Digital KYC, only your Aadhaar Card & PAN Card are required.
Sun, 9 Jun, 2024 at 8:39 PM
Is Income Proof like a Bank Statement necessary for availing loan?
Income Proof is not required for all customers. Only for some high value loans, depending on customer’s credit profile, he/she may be asked to submit Income...
Sun, 9 Jun, 2024 at 8:40 PM
Is there a requirement of security/guarantor?
No, we do not require any security or guarantor for approving your loan. Once we verify your basic information & complete your digital KYC, your loan wi...
Thu, 6 Jun, 2024 at 1:07 PM
If I do not possess a PAN Card and have never applied for it, can I still avail loan from Ring?
Unfortunately, we need to validate your PAN Card number to process the application further. You are required to hold a valid PAN card number in order to com...
Sun, 9 Jun, 2024 at 8:40 PM
I do not have my original PAN Card but a photocopy of the same, am I still eligible for the loan application process? No worries. To process digital KYC, typically, providing only the PAN (Permanent Account Number) may be sufficient.
No worries. To process digital KYC, typically, providing only the PAN Number (Permanent Account Number) may be sufficient.
Sun, 9 Jun, 2024 at 8:40 PM
If I do not possess Aadhaar Card and have never applied for the same, can I still avail loan from Ring?
Unfortunately, we need to validate your Aadhaar Card number to process the application further. You are required to hold a valid Aadhaar card number in orde...
Sun, 9 Jun, 2024 at 8:41 PM
I do not have my original Aadhaar Card but a photocopy of the same, am I still eligible for the loan application process?
No worries, to process digital KYC using Digilocker, typically, providing only the Aadhaar Card Number and possessing your Aadhaar linked mobile number may ...
Sun, 9 Jun, 2024 at 8:42 PM
Once I take a loan from Ring, do I need to re-submit my documents when I wish to re-apply for a loan the second time?
No, you do need to submit any documents again while re-applying for every new loan.Having said that, as per applicable laws, we will periodically re-conduct...
Thu, 6 Jun, 2024 at 1:11 PM
If I am asked for Income Proof, which bank statement should I upload since I have multiple bank accounts?
For higher loan amounts, online income verification may be required in some cases. You can submit bank statement of any of your active bank account that has...
Thu, 6 Jun, 2024 at 1:11 PM