The developer rolled out a new version of MP3 Cutter & Ringtone Maker on Sep 10, 2018 and over 5M users downloaded and set up the app. Advertisements are a part of the tool. This application is very popular among Samsung and Micromax users.
You can get the .apk installation package of MP3 Cutter & Ringtone Maker 3.5 for free and have a look at users' reviews on Droid Informer. This file size doesn't exceed 6 MB and the app can be launched flawlessly on Android 4.0 and above.
According to the users’ comments, the benefit of the app is a nice layout. As users mention, the obvious drawbacks of this application are banner ads and minor bugs.