Following are some attractive features of Prefr loans:

• Get an instant personal loan from Rs. 50,000 up to Rs. 5,00,000 for not just personal but also professional needs.
• Prefr loan interest rate ranges from 15% 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.
• Money will be disbursed to your bank account within 2 hours after successful document verification.
• No inquiries will appear on your CIBIL report before disbursement.
• No physical paperwork required.
• No physical verification required.

Prefr credit loan interest rate is affordable and fixed between 15% to 36% per annum depending on the borrower’s eligibility, required loan amount, type of loan, tenure of repayment and other factors. Apart from the interest rate, borrowers will also be required to pay the Personal Loan Processing Fee of 3% to 5% of the loan amount, subject to a minimum of Rs. 1,500 + GST.

Availing of a personal loan from Prefr is easy. All salaried, as well as self-employed individuals aged above 22 years to 55 years at the time of loan closure, can apply for Prefr personal loan. The borrower must have a regular source of income to service loan repayment along with the interest component. The applicant has to provide information about their income and employment and also their bank account details for auto-debit of EMI payments.

• CIBIL Score: 725+
• Age : 22 to 55 years at the time of loan completion
• Income : Salaried Rs.18,000 above & for self employed Rs.20,000 above

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 12 to 48 months.

To get a Prefr personal loan, you just need to do the following three things:

• Click a Selfie
• Upload your PAN Card
• KYC Proof – Aadhaar eKYC or CKYC
• Optional (required only in certain cases): Address proof, Bank statement & Business proof

Voila you are done.

Following are three easy steps to get a Prefr personal loan:

• Provide information about your income and employment to check your loan offer in just 1 minute.
• Click a Selfie and upload your PAN and address proof in the app.
• Set up an auto debit on your bank account for easy EMI repayments.

In case you have any query, complaint, feedback or suggestion regarding the Prefr loan, you can contact them through Prefr credit customer care number or any of the following ways:

Prefr loan customer care number: 040-48521334
Email: wecare@prefr.com
Address: 2nd Floor, Block 2, My Home Hub, Hitech City, Hyderabad, Telangana – 500081