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✓Minimal Documentation ✓Flexible Repayment ✓Collateral Free Loan | Apply for Business Loan Now!

Once you have decided to be an entrepreneur, the next thing you will need is an adequate amount of funds. You will need money for every business-related activity, be it setting up your venture, funding day-to-day operations or even expanding it. If at any given point, you find yourself running short of funds for those activities, you can take up a Business Loan from Prefr Partners. You can easily avail a Prefr Partners Business Loan through Bajaj Markets if you follow a handful of steps.

How to Apply for Business Loans From Prefr Partners

  • Provide basic details: First, you will need to provide your mobile number as well as your date of birth to proceed.

  • Fill in your business details: Next, you will need to provide information regarding your business. After you provide them, proceed by clicking ‘Submit’. After that, you will be shown a host of business loan options, out of which, select Prefr Partners to proceed.

  • Select loan repayment tenor and principal amount: After step #3, you must select the loan amount and repayment tenor as per your need.

  • Approval and Disbursal: Fill in some more information and see your loan application get approved within minutes. Before you know it, your money will be credited into your account.

Prefr Partners Business Loan Interest Rates and Charges

Business Loans by Prefr Partners help you scale your business to great heights, whether it is purchasing new equipment, hiring more personnel, clearing your debts, or expanding the operations. These loans come at highly attractive interest rates making your process of availing the loan hassle-free. There are also certain processing charges that you need to pay in order to avail the loan.

At Bajaj MARKETS, you can get Business Loans at affordable interest rates & processing charges. Take a look at the business loan interest rates with the help of the table given below.

Interest Rate

10% - 16% per month

Associated Charges

Processing Fees: 3-5% (Approximately) with Minimum Processing fee of INR 1500 + GST

Foreclosure Charges: 4% of outstanding loan amount + GST

(Allowed only after 3 installments).

Repayment tenure

6 months – 24 months

Disbursal Time

24 hours

 

Factors that Affects Business Loan Interest Rate

  • Credit Score: A great credit score always helps you with a competitive interest rate. A high credit score is always appreciated and makes your loan process smoother.
  • Business Experience: It means how much experience do you have in your business. The more the experience, the easier it is to avail a business loan with an affordable interest rate.
  • Monthly Revenue of your Business: Regular & stable income has a strong bearing on the repayment capability of your business. We make it a point to analyse the daily average balance before deciding your business loan interest rate.
  • Collateral: This means the security that you are willing to pledge for availing the business loan. The higher the value of the secured asset, the higher the chances of you getting the business loan at an affordable interest rate. Collateral such as home equity, deposits, equipment, and investment real estate can be pledged as a security.

Eligibility Criteria of Business Loan from Prefr Partners

Take a look at the eligibility criteria:

  • To apply for the loan, you must be an Indian citizen.

  • Your age must be between 21-55 years to be eligible for the loan.

  • You must be a self-employed professional

Features and Benefits of Business Loans from Prefr Partners

  • Loans for the First Time Borrower: You get a loan easily through Prefr Partners even if you are applying for a loan for the first time in your life and do not have any credit history.

  • Easy Documentation Process: You will need to submit very few documents to validate your eligibility. If your documents are verified, you will easily get a Prefr Partners business loan.

  • No Collateral Needed: You do not need to offer any collateral to avail a Prefr Partners. Simply fill in the form, submit the requirement documents and you are done!

  • Quick Disbursal: Once approved, you will get your Prefr Partners business loan within 24 hours.

Documents Required for Loan From Prefr Partners

Following documents are collected from the customer:

  • Photograph (selfie)

  • KYC Proof

  • Identity Proof

  • Address Proof

  • Additional Address Proof, wherever required

  • 3-month bank statement in PDF format (as required)

  • Business proof (as and when required)

  • Lender’s Digital click-wrap Agreement

  • NACH ○ Supports both e -mandate and Image Based NACH.

Prefr Partners - Contact Details

Prefr Partners H/O Address and Email ID

2nd Floor, Block 2, My Home Hub, Hitech City, Hyderabad, Telangana 500081.

Email ID is: info@prefr.com

Frequently Asked Questions

✔️Can I get a business loan if I don’t have a CIBIL score?

Yes, you can avail a Business Loan from Prefr Partners even if you don’t have a CIBIL score generated yet.

✔️How much time will it take to get the funds in my account?

Money will get transferred within your bank account within 2 hours, once your documents are verified.

✔️How much time will it take for me to get a loan approval?

You will get your loan approval in one-minute flat once you provide all the necessary details.

✔️What are the collaterals to be submitted in order to get the Loan?

You don’t have to submit any collaterals in order to get a Business Loan from Prefr Partners at Bajaj Markets.