Applying for Power Loan via Ring App Guide
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Questions and Answers

What is the first step to apply for a power loan through the Ring app?

  • Enter PAN Card Number
  • Add E-Aadhaar & Live Selfie for KYC Documentation
  • Select Current Address
  • Click on 'Apply Now' button (correct)

    • What type of consent will be asked during the application process?

  • Central Know Your Customer (CKYC) Consent (correct)
  • Bank Consent
  • Employment Consent
  • Insurance Consent

    • What kind of fees are associated with the power loan application?

  • Parking Fees
  • Travel Fees
  • Subscription Fees (correct)
  • Grocery Fees

    • After confirming the new communication address, what will be shown on the Offer page?

    <p>Eligibility Details</p> Signup and view all the answers

    What happens during disbursement in relation to the loan amount?

    <p>Loan amount increases due to interest addition</p> Signup and view all the answers

    What is the final step of applying for a power loan through the Ring app?

    <p>Add Bank Details</p> Signup and view all the answers

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