Prefr is an embedded financial services platform for MSMEs. Prefr, an NBFC owned by CreditVidya, offers instant personal loan up to Rs. 3 Lakhs to salaried as well as self-employed individuals for all business and personal requirements. Prefr loan involves a completely digital process with simplified documentation.
Factors That Determine Your Personal Loan Prefr Partners Interest Rate
Credit Score
A great credit score always helps you with a competitive interest rate. High credit score is always appreciated and makes your loan process smoother.
Monthly Revenue
Regular & stable income has a strong bearing on the repayment capability. We make it a point to analyse the daily average balance before deciding your personal loan interest rate.
Collateral
This means the security that you are willing to pledge for availing the personal loan. The higher the value of the secured asset, the higher the chances of you getting the personal loan at an affordable interest rate. Collateral such as home equity, deposits, equipment and investment real estate can be pledged as a security.
Following are the key details of Prefr personal loan:
Loan amount Rs. 10,000 to Rs. 3 Lakhs
Eligible borrowers Salaried individuals and self-employed individuals
Purpose Wedding, events, home renovation, business needs, personal use, education, medical emergency & loan repayment
Tenure 6 to 36 months
Rate of interest 18% to 36% per annum
Processing Fee 3% to 5% of the loan amount
Disbursal TAT Within 2 hours after document verification.
Purpose:
Wedding / Event
Medical Emergency
Home Renovation
Travel
Business Requirement
Repayment of another loan
Education
Personal Use
Fast flexible Loan to meet your personal requirements
✔️Borrow loans from Rs.25,000 to Rs. 3,00,000
✔️100% digital & paperless process
✔️No Collaterals
✔️Tenure – 3 to 42 Months
✔️Fast disbursal
Following are some attractive features of Prefr loans:
Get an instant personal loan from Rs. 10,000 up to Rs. 3,00,000 for not just personal but also professional needs.
Prefr loan interest rate ranges from 18% to 36% per annum.
A processing fee of 3% to 5% of the loan amount, subject to a minimum of Rs. 1,500 + GST, will be charged.
No security is required to be kept with Prefr to get a loan.
Prefr loan app offers Term Loans for Self-Employed with flexible tenure ranging from 6 to 36 months that will help them grow their business.
Prefr offers Personal Loan for Salaried for their medical, home upgrade, wedding expenses and other personal needs for tenure ranging from 6 to 18 months with easy EMIs.
No CIBIL score is required as Prefr uses borrower’s banking data to generate their offer.
Get loan approval in just one minute flat once you provide all the necessary details.
Money will be disbursed to your bank account within 2 hours after successful document verification.
Prefr is a great platform for availing of a personal loan. To know about its benefits, you can read Prefr loan reviews online
Other Key Features:
Collateral free loan facility with EMI feature.
Paperless Journey
Easy and automated repayments
3 Days Cooling off Period
Loan amount upto Rs. 5,00,000/-
Disbursement directly to customer’s bank account
Flexible Tenure Options
Easy & Quick disbursement process
Benefits:
Simplified digital documentation
Completely on digital platform real time* approval and disbursement
Unsecured loan facility with daily installment structure
Prefr Personal Loan Types
Prefr provides the following two types of loans for meeting your personal and professional needs:
Term Loans for Self-Employed: This loan is offered to self-employed individuals with flexible tenure to help them grow their businesses.
Personal Loan for Salaried: These loans are offered to salaried individuals for any personal requirements, including medical, home upgrade, wedding expenses, etc. The tenure for this loan ranges from 6 to 18 months.
Prefr Personal Loan Documents Required
To get a Prefr personal loan, you just need to do the following three things:
- Click a Selfie
- Upload your PAN Card
- Upload your Address Proof document
- Voila; you are done.
Prefr Toll Free No. 040 48521334
Prefr loan customer care number: 70618 79075 (Toll-free)
Email: or wecare@prefr.com
Timings: 10:00 am – 7:00 pm (Available on all days except holidays and weekends)
Customer can raise their queries / concerns by email: wecare@prefr.com or info@prefr.com
Click and Apply Loan Online Instant
- Quick and easy loans for all Dreams
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