Personal Loan by Prefr

Choose a personal loan by Prefr to manage your immediate or big-ticket expenses!

Salaried Individuals - Check your Loan eligibility!

Avail Instant Personal Loans ✓ Loan up to 25 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation! Check Offer

Prefr is a leading fintech startup in the microlending space. You can get a personal loan of up to ₹3 Lakhs from Prefr. Known for instant approval and disbursal, this loan helps you fulfil your lifestyle needs and urgent requirements.

A Prefr loan’s interest rate is competitive, and its other benefits include a flexible repayment tenure of up to 72 months and a hassle-free application process requiring minimal documentation.

Prefr Personal Loan Interest Rates and Charges

The Prefr loan interest depends on the lending partner, your eligibility and CIBIL score. Here is an overview of all the charges associated with this option.

Interest Rate	10% to 16% per annum
Processing Fee	3% of the loan amount + taxes
Pre-closure Charges	5%
Penalty Charges	3% per month
Prepayment Charges	As applicable

*Disclaimer: The aforementioned interest rates and other charges are subject to change. Ensure to cross-check the data with the lender.

Prefr Personal Loan EMI Calculator

Loan Amount

Tenure

Rate of Interest

Your Monthly Personal Loan EMI

Principle Amount

Total Interest

Total Amount Payable

Amortization Schedule

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Year	Payable Amount	Principal	Interest	Balance

Why Choose Prefr Personal Loans

Through its lending partners, Prefr offers a convenient and hassle-free solution for your personal finance needs. Check out some of the benefits of opting for this personal loan:

Flexible Loans

You can get personal loans of up to ₹3 Lakhs from Prefr and meet your financial requirements stress-free

Customisable Repayment Options

Personal loans by Prefr partners also allow you to choose the tenure according to your repayment capacity, ranging between 12 and 72 months

Lightning-Fast Approvals

With the Prefr Personal Loan, you can get approvals within 10 minutes and can enjoy the best-in-class turnaround time for disbursal

No Collateral Needed

Prefr personal loan is unsecured in nature, allowing you to get funds without pledging your assets

Attractive Interest Rates

The Prefr Personal Loan interest rate starts from as low as 10% per annum

Easy Application Process

You can apply for a Prefr Personal Loan within few minutes with minimal documentation

Eligibility Criteria and Documents Required for a Prefr Personal Loan

To apply for loans offered by Prefr, meet the parameters set by their partners. Check out the general eligibility criteria below:

You must be between 22 and 60 years
You must be a salaried individual working either in the public sector or a private limited company
You must be earning a minimum net monthly income of ₹15,000

You will need to furnish the following documents to apply for a Prefr loan online:

Identity proof such as a PAN card
KYC documents such as Aadhaar card
Proof of income, such as a bank statement
Photograph for identity verification

Steps to Apply for Prefr Personal Loan

Applying for a Prefr personal loan is simple and easy, and the entire application process can be completed in minutes. All you must do is follow the steps mentioned below:

Download the Prefr Loan App
Enter your basic details to check eligibility
Select your lending partner based on the offer
Select the loan amount and repayment tenure
Complete the KYC process by submitting the documents
Wait for approval and disbursal

Prefr Customer Care Details

Prefr offers customer support over the telephone and email. Refer to the table below for details.

Toll-free Number	040 4852 1334 (between 10 AM - 6 PM from Monday to Saturday)
Email Address	wecare@prefr.com

Other Lenders Available on Bajaj Markets

Here are other top lenders on Bajaj Markets you can choose from to get an instant personal loan online.

Bajaj Finance Personal Loan	CASHe Personal Loan	Federal Bank Personal Loan
Fibe Personal Loan	Finnable Personal Loan	IIFL Finance Personal Loan
InCred Personal Loan	Kissht Personal Loan	Kotak Mahindra Bank Personal Loan
KreditBee Personal Loan	L&T Finance Personal Loan	moneyview Personal Loan
mPokket Personal Loan	Muthoot Finance Personal Loan	Olyv Personal Loan
PaySense Personal Loan	Privo Personal Loan	SMFG India Credit Personal Loan
Upwards Personal Loan	YES BANK Personal Loan	Zype Personal Loan

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.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.

How much time will it take to get my Prefr personal loan approved?

If you fulfil the eligibility criteria, your personal loan application is approved almost instantly by Prefr.

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

Once your personal loan application is approved, the amount is disbursed to your bank account within 10 minutes.

Do I need to pledge collateral in order to get a personal loan from Prefr?

Since personal loans are unsecured in nature, you need not pledge any collateral to get one from Prefr.

How much loan amount can I get from Prefr?

You can borrow up to ₹3 Lakhs with a Prefr loan. However, the loan amount offered to you depends on the lender’s policies and your eligibility.

What is the repayment tenure for a personal loan from Prefr?

You can choose from flexible tenures of up to 72 months when you apply for a personal loan from Prefr.

Is Prefr approved by RBI?

Prefer is not registered with the Reserve Bank of India. It does not hold any licence to engage in any borrowing or lending activities. It has lending partners, such as Hero Fincorp and Aditya Birla Capital.