Hi welcome to health care magic forum,
Ringing in ear called Tinnitus .Tinnitus may be due to many reasons starting from impacted wax to inner ear
It sometimes associated with hearing loss
,but not always.
I advise you not to make yourself crazy. Dont try experimenting on your ears. Cleaning ear with peroxide may sometime cause perforation and that may deteriorate the condition.
In my opinion you should see an ENT specialist
for clinical examination , and pure tone audiometry
to know type and percentage of hearing loss.