Business Loan by Prefr Partners

Loan of up to ₹2 Lakhs | No Collateral | Quick Disbursal

Check your Business Loan Offer

✓Minimal Documentation ✓Flexible Repayment ✓Collateral Free Loan | Apply for Business Loan Now! Apply 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 Rates, Fees and Charges Details
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

DISCLAIMER

The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.