RING Power Loan Review
A two-in-one credit app from Kissht's parent: a ~₹35,000 monthly credit line with a 0% billing-cycle window, plus the Power Loan of ₹5,000–₹5 lakh at 32–57% APR.
RING by Kissht is really two products wearing one app. The headline act is a transactional credit line of roughly ₹35,000 a month that costs nothing if you clear it within the billing cycle — pay UPI and bills now, settle at 0%. Behind it sits the Power Loan: ₹5,000 to ₹5 lakh over 3–36 months, with a 5-minute approval claim and same-day disbursal.
The catch comes in two layers. Miss the 0% window and a one-time ₹150–200 fee plus ₹50 a day plus 18% GST starts stacking on even a tiny balance. And the Power Loan itself runs 32–57% APR with a ~4.13% processing fee — fintech pricing, not bank pricing. Add a brand stack (RING, PaywithRING, Kissht, OnEMI, Si-Creva) that makes it genuinely hard to tell who you owe, and this review has a lot to untangle.
Quick Facts
4.3★ · 10L
Play Store
₹5L
Max Loan
32% – 57% p.a.
Interest Rate
5-minute approval claim, same-day disbursal, 100% digital
Disbursal
3 – 36 months
Tenure
~4.13% incl. GST (official example; some pages show ~3%)
Processing Fee
₹5 lakh p.a. (~₹41,667/month) stable income
Min Income
Play Store rating sourced from Google Play, as of 28 Jul 2026. Other figures from the lender's official disclosures.
Our Ratings
A 5-minute approval claim with same-day, fully digital disbursal — genuinely fast for both the line and the Power Loan.
32–57% APR plus ~4.13% fee on the Power Loan, ~4% foreclosure, and ₹50/day + GST after the 0% window — one of the costlier structures we've reviewed.
4.3★ from ~1M ratings and 10M+ installs; the UPI/bills line makes it a daily-use app, not just a loan app.
Heavy forum complaints about recovery conduct, alleged contact scraping and opaque deductions — shared with sibling brand Kissht.
Registered in-house NBFC (Si-Creva) plus real partners is reassuring; the layered branding that obscures the lender of record, and the conduct record, are not.
Loan Details & Charges
Eligibility Criteria
What It Actually Costs
Illustrative at a ~44% mid-band APR. Your actual rate (32–57%) is risk-based. Foreclosing early adds ~4% of outstanding principal. The credit line is separate: free within the cycle, ₹150–200 + ₹50/day + GST after it.
Try the RING Power Loan EMI calculatorPros
- Two products in one app: a ~₹35,000/month credit line with a genuine 0% billing-cycle window, plus the Power Loan up to ₹5 lakh
- Fast and fully digital — 5-minute approval claim, same-day disbursal, minimal paperwork
- Lends through an RBI-registered in-house NBFC (Si-Creva Capital) plus established partners: Northern Arc, MAS Financial, Utkarsh Small Finance Bank
- 4.3★ on the Play Store from ~1M ratings, with 10M+ installs
- No prepayment charge within the cooling-off period
Cons
- Power Loan APR of 32–57% plus a ~4.13% processing fee — far costlier than banks or prime NBFCs
- The 0% window bites back: miss it and it's ₹150–200 up front, then ₹50/day + 18% GST on even small balances
- ~4% foreclosure charge on outstanding principal discourages early exit
- Aggregators also report ~₹650 bounce charges and ~0.1%/day penal interest
- Heavy consumer-forum complaints about recovery calls, alleged contact scraping and opaque fee deductions
Our Verdict
RING works best for one specific user: someone disciplined enough to treat the ~₹35,000 monthly line like a debit card with a delay, clearing it inside every billing cycle. Used that way, it's a genuinely free UPI-and-bills line backed by a registered in-house NBFC, and the 4.3★ Play Store score from around a million ratings suggests plenty of people manage exactly that. The cost story turns ugly fast outside that lane. The Power Loan's 32–57% APR plus ~4.13% fee is among the steeper bands we've reviewed — a ₹1 lakh, 24-month loan at a mid-band rate costs about ₹52,000 in interest — and a ~4% foreclosure charge discourages early exit. On the credit line, one missed window means ₹150–200 up front, then ₹50 every single day plus GST, which on a small balance works out to an enormous effective rate within weeks. Know who you're dealing with, too. RING shares its parent (OnEMI) and its main lender (Si-Creva Capital) with Kissht, which we review separately — the conduct record travels across both brands. Consumer forums carry heavy complaints about aggressive recovery calls and alleged contact-list scraping, and the layered branding obscures the lender of record. Read your Key Fact Statement before accepting anything, and if you qualify for a bank or prime-NBFC loan, take that instead.
Who RING Power Loan suits
Look elsewhere if
Things to Watch
- The credit-line trap: 0% only holds within the billing cycle. Miss it and ₹150–200 plus ₹50/day plus GST compounds — on a small balance that's an enormous effective APR within weeks
- Brand layering (RING → PaywithRING → Kissht → OnEMI → Si-Creva) obscures the lender of record — insist on the Key Fact Statement and check which entity actually holds your loan
- Consumer forums report aggressive recovery — repeated calls, threats to contact relatives, alleged contact-list scraping and field-agent visits. These are allegations, but the volume is notable and the record is shared with sibling brand Kissht
- At 32–57% APR the Power Loan is priced for risk — if you're at the top of that band, almost any bank or prime-NBFC alternative you qualify for will be cheaper
How to Apply for RING Power Loan
- 1
Install RING by Kissht
Download the app (package com.ideopay.user) from the Play Store and register with your mobile number.
- 2
Complete digital KYC
Verify PAN and Aadhaar, take a selfie and add your bank details. Higher-value Power Loans may ask for a bank statement or salary slip.
- 3
Check your line and Power Loan offer
The app assigns your monthly credit line (~₹35,000) and shows your Power Loan eligibility — ₹5,000 to ₹5 lakh over 3–36 months.
- 4
Read the KFS, then accept
Before accepting, open the Key Fact Statement and confirm the lender of record, your APR within the 32–57% band, and all penal charges. Disbursal is typically same-day.
Documents Required
What Real Users Say
RING holds ~4.3★ from roughly 1M ratings with 10M+ installs (marketing claims 4.6+). Day-to-day transactional satisfaction clearly outweighs collections grievances in the store score — but the forum record is the part to weigh before borrowing.
Store ratings are solid, but collections-stage sentiment on consumer forums is much darker.
What users love
Users like the fast approval and disbursal, the simple digital flow, and the monthly credit line for UPI and bills — especially first-time borrowers.
Common complaints
Forums report aggressive recovery: repeated calls, threats to contact relatives, alleged contact-list scraping, field-agent visits, even harassment of non-borrowers on recycled numbers, plus high penal charges and opaque fee deductions.
How RING Power Loan Compares
vs Kissht — Not a rival so much as a sibling — same parent (OnEMI), substantially the same lender (Si-Creva). Kissht is the pure personal-loan app; RING adds the payments layer and 0%-window credit line. The conduct record applies to both.
vs LazyPay — The closest rival to RING's pay-later line, with a similar 0%-window-then-fees structure — compare the post-window charges before picking either.
vs Stashfin — A comparable app credit line with card access and similar risk-based APRs — RING's edge is the UPI/bills integration, Stashfin's is the card.
How we tested
We reviewed the published rates, fees and penal-charge schedule on kissht.com/paywithring and paywithring.com, checked Si-Creva Capital's stated RBI registration (N-13.02129, self-disclosed on its own site), and read recent borrower feedback across the Play Store and consumer forums. Recovery-conduct complaints are user-reported allegations, not adjudicated findings. Figures are accurate as of mid-2026 and risk-based — always confirm your actual APR and a full charges breakdown in the Key Fact Statement before borrowing.
Frequently Asked Questions
Is RING the same as Kissht?
What interest rate does the RING Power Loan charge?
Is the RING credit line really interest-free?
Is RING safe and RBI-approved?
Who can get a RING Power Loan, and how much?
Compare With
Compare AppsRING Power Loan Tools
All Loan App Reviews
See how RING Power Loan stacks up against every other instant loan app we've reviewed — compare ratings, max loan and rates side by side.
| Rank | App | Rating | Max Loan | Rate | Review |
|---|---|---|---|---|---|
| 1 | Bajaj Finserv | 4.6 | ₹55L | 10.00% – 31.00% p.a. | Read Review |
| 2 | Navi | 4.6 | ₹20L | 9.90% – 29.00% p.a. | Read Review |
| 3 | FlexiLoans Business Loan | 4.58 | ₹50L | 12% – 28% p.a. (official: 'from 1%/month'; ceiling unpublished) | Read Review |
| 4 | KreditBee NBFC lending partners | 4.5 | ₹10L | 12.00% – 28.50% p.a. | Read Review |
| 5 | MoneyView NBFC lending partners | 4.5 | ₹10L | 14.00% – 24.00% p.a. | Read Review |
| 6 | Home Credit | 4.5 | ₹4.8L | 19.20% – 44.00% p.a. | Read Review |
| 7 | Fibe NBFC partners | 4.5 | ₹10L | 18.00% – 36.00% p.a. | Read Review |
| 8 | Piramal Finance | 4.5 | ₹5L | 12.99% – 24.00% p.a. | Read Review |
| 9 | True Balance NBFC partners | 4.5 | ₹2L | 28.80% – 36.00% p.a. | Read Review |
| 10 | LendingPlate | 4.5 | ₹2.5L | 12% – 30% p.a. | Read Review |
| 11 | mPokket NBFC partners | 4.4 | ₹2L | 22.00% – 36.00% p.a. | Read Review |
| 12 | LazyPay NBFC partners | 4.4 | ₹5L | 18.00% – 32.00% p.a. | Read Review |
| 13 | Kissht NBFC lending partners | 4.4 | ₹5L | 14.00% – 30.00% p.a. | Read Review |
| 14 | Freo NBFC partners | 4.4 | ₹5L | 13.00% – 36.00% p.a. | Read Review |
| 15 | Nira NBFC partners | 4.4 | ₹1L | 24.00% – 36.00% p.a. | Read Review |
| 16 | CreditSea Meghdoot Mercantile Private Limited; Chhotaria Securities Private Limited (per aggregator listing) | 4.4 | ₹2L | 14% – 36% p.a. | Read Review |
| 17 | CASHe NBFC partners | 4.3 | ₹3L | 33.50% – 36.00% p.a. | Read Review |
| 18 | FlexSalary NBFC partners | 4.3 | ₹2L | 18.00% – 42.00% p.a. | Read Review |
| 19 | OLYV NBFC partners | 4.3 | ₹5L | 18.00% – 36.00% p.a. | Read Review |
| 20 | RING Power Loan Si-Creva Capital Services Pvt Ltd (in-house, RBI reg N-13.02129), Northern Arc Capital, MAS Financial Services, Utkarsh Small Finance Bank | 4.3 | ₹5L | 32% – 57% p.a. | You're here |
| 21 | Stashfin NBFC partners | 4.2 | ₹5L | 11.99% – 59.99% p.a. | Read Review |
| 22 | PayRupik NBFC partners | 4.2 | ₹2.5L | 20.00% – 36.00% p.a. | Read Review |
| 23 | Hero FinCorp | 4.2 | ₹5L | 18% p.a. onwards (no published cap) | Read Review |
| 24 | Pocketly | 4.1 | ₹50,000 | 24% – 36% p.a. (all-in APR up to ~132% with fees, per third-party listings) | Read Review |
| 25 | HDFC Insta Loan | 4 | ₹40L | 9.99% – 24.00% p.a. | Read Review |
| 26 | ICICI Bank Personal Loan | 4 | ₹50L | 9.99% – 24.00% p.a. | Read Review |
| 27 | Axis Bank Instant Loan | 4 | ₹40L | 9.99% – 21.55% p.a. | Read Review |
| 28 | Zype Respo Financial Capital Private Limited | 4 | ₹5L | 18% – 34% p.a. | Read Review |
| 29 | Unity SFB Personal Loan | 4 | ₹5L | 16% – 30% p.a. | Read Review |
| 30 | True Fund | 4 | ₹0 | Not disclosed | Read Review |
| 31 | Tap4Credit | 4 | ₹0 | Not disclosed | Read Review |
| 32 | RapidMoney RuLoans Financial Services Pvt Ltd; Pooja Finstock International Ltd (PFIL); Fintree Finance Pvt Ltd | 4 | ₹15,000 | 36.5% – 54.75% p.a. (quoted as 0.1% – 0.15% per day), before the 15% processing fee | Read Review |
| 33 | Ram Fincorp R.K. Bansal Finance Private Limited | 4 | ₹2L | 15% – 35% p.a. (listed) | Read Review |
| 34 | Poonawalla Fincorp | 4 | ₹5L | 16% p.a. onwards (no published cap) | Read Review |
| 35 | PayTrust | 4 | ₹0 | Not disclosed | Read Review |
| 36 | InstaMoney Innofin Solutions Pvt Ltd (LenDenClub, NBFC-P2P); Aeroflex Finance Pvt Ltd | 4 | ₹1L | 24% – 48% p.a. | Read Review |
| 37 | HDFC SmartEMI | 4 | ₹0 | From 11.88% p.a. (0.99%/month); your actual rate is shown only at conversion | Read Review |
| 38 | FatakPay FDPL Finance Private Limited (wholly-owned RBI-registered NBFC subsidiary, sole lender) | 4 | ₹5L | 18% – 40% p.a. | Read Review |
| 39 | DMI Finance | 4 | ₹10L | 13.99% – 24.90% p.a. | Read Review |
| 40 | DigiCredit Khosya Finlease Private Limited (claimed, not verified; one source names DSG Investments instead) | 4 | ₹1L | Up to 36% p.a. (stated cap; floor not disclosed) | Read Review |
| 41 | Cash247 Siddhi Traders Pvt Ltd, Chhotaria Securities Pvt Ltd, Meghdoot Mercantile Pvt Ltd, Swaroop Finance Pvt Ltd (none verified on RBI records) | 4 | ₹0 | 10.99% p.a. advertised; 14% shown elsewhere on the same site; max not disclosed | Read Review |
| 42 | BharatPe Credit Line YES Bank (Pay Later line); personal loans via BharatPe Capital, Unity Small Finance Bank, Poonawalla Fincorp, InCred, Piramal Finance, Aditya Birla Capital, L&T Finance and other partner lenders | 4 | ₹15L | 18% – 70% p.a. | Read Review |
| 43 | Aditya Birla Personal Loan | 4 | ₹50L | 10.99% – 28% p.a. | Read Review |
| 44 | Prefr Aditya Birla Capital Finance, Poonawalla Fincorp, SMFG India Credit, Zype, MAS Financial Services | 3.2 | ₹5L | 18% – 30% p.a. | Read Review |