Prefr offers Rs. 10,000 to 5 lakhs instant personal loans. This is a digital loan process. A salaried & self-employed person can apply for a Prefr personal loan.
The loan amount will be credited within 2 hr of loan approval. Prefr partnered with Hero Fincorp Ltd & Au Small Finance Bank to give the loan.
Prefr Personal Loan Quick Recap
| Loan Amount | Rs. 10,000 – 5 lakh |
| Loan Tenure | 6 – 36 months |
| Interest rate | 18%- 36% p.a. |
| Income Required | No |
| Processing fee | Up to 5% of the loan amount |
| Age | 22 – 55 years |
| Cibil Score | 720+ |
| Eligible For | Salaried Person / Self Employed |
Benefits of Prefr Personal Loan
Quick Approval: You will get the loan amount within 2 hours. Prefr offers quick & fast loan approval.
Paperless Process: This entire process is paperless. Upload the KYC & other documents at the loan application time. It is a paperless loan service.
Flexible Tenure: The loan tenure is flexible from 6 to 36 months.
No Verification: You will get up to a 5 lakh loan without verification.
Higher Loan Amount: Get an instant loan from Rs. 10,000 to 5 lakhs for your needs & you can spend the loan amount for any purpose.
Minimum Processing Fee: The processing charge is 3% to 5% of the loan amount & a GST charge will apply. The minimum charges are offered by Prefr.
Also Read: PaySense Instant Loan
Eligibility Criteria for Prefr Personal Loan
- Should be an Indian Citizen
- 22 years or above age required
- Should be a source of income required
- Maintain minimum Average balance on a bank account
- Salaried Customer with Rs. 18,000 net salary required
Documents Required for Prefr Loan
You will require the following documents to apply for Prefr loan:
- Pan Card
- Aadhaar Card
- 3 months bank statement
- Applicant Selfie image
- If the borrower salaried employee, 3 months salary credit statement must be needed.
Also Read: Lazypay Xpress Cash Loan
Prefr Personal Loan Interest Rate, Fees & Charges
| Interest Rate | 18% to 36% per annum |
| Processing Fee | 3% to 5% of the loan amount + GST |
| Bounce Charges | Rs. 300 |
| Foreclosure Charges | 5% of the Principal outstanding |
| Overdue Charges | 3% p.m. of overdue EMI |
How to Apply for Prefr Personal Loan
Step 1: Click on the “Prefr Personal Loan” button.
Step 2: Install the app on your phone.
Step 3: Sign up through your mobile number & verify through OTP.
Step 4: Fill up the basic details.
Step 5: Upload KYC documents & bank statements.
Step 6: Now you will get the loan offer.
Step 7: Set up auto debit through your ATM card or Net banking.
The money will be credited within 2 hours to your bank account.
Also Read: IIFL Business Loan
Prefr Personal Loan Customer Care
If you have any loan or other queries, you can contact Prefr customer care. Prefr customer cares are happy to help you.
Customer Care Number: 7061879075
Email ID: info@prefr.com / wecare@prefr.com
Office Address:
2nd Floor, Block 2, My Home Hub, Hitech City,
Hyderabad, Telangana – 500081.
FAQs on Prefr Personal Loan
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Is Prefr loan fake or real?
Prefr partner with Hero Fincorp Ltd & Au Small Finance Bank. So, you can trust on Prefr loan.
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Is Prefr an RBI-approved company?
No, Prefr is not registered with RBI. But this company sickly follows the RBI guidelines.
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What is the Prefr loan helpline number?
Prefr loan helpline number is 7061879075. This is a Toll-free number.
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How much loan does Prefr offer?
Prefr offers up to 5 lakhs instant personal loans.
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Can I apply for a loan without income proof?
You can apply for a loan without income proof. KYC documents & bank statements will be required to be uploaded at the loan process time.
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What is the Prefr loan interest rate?
Prefr loan interest rate starts from 18% to 36% per annum.