Personal Loan by Prefr Partners

Loan of up to ₹5 Lakhs | No Collateral | Quick Disbursal

Salaried Individuals - Check your Loan eligibility!

Avail Instant Personal Loans ✓ Loan up to 25 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation! Apply Now

Prefr is a leading fintech startup in the microlending space. You can easily avail a personal loan of up to ₹5 Lakhs from Prefr Partners at Bajaj Markets to fulfil your lifestyle needs or in case you are in urgent need of funds. Apart from attractive interest rates, there are other benefits such as a flexible repayment tenures and a hassle-free application process requiring minimal documentation. Apply for a personal loan from Prefr through Bajaj Markets.

Features and Benefits of Prefr Personal Loans

Flexible Loans

You can avail personal loans of amounts ranging from ₹1 Lakh to ₹5 Lakhs from Prefr partners. Thanks to such flexibility, meeting your needs and requirements is now easier than ever.

Customisable Repayment Options

Personal loans by Prefr partners also allow you to choose the tenure according to your repayment capacity. You can opt for a tenure ranging from 12 months to 72 months (6 years).

Lightning-Fast Approvals

You don’t have to wait for days for approval anymore. With the Prefr personal loan, you can get approvals within minutes! The turnaround time for disbursal is also the best in class.

No Collateral Needed

Prefr online personal loan is unsecured. This effectively means that you do not have to pledge any of your assets to secure the loan.

Attractive Interest Rates

The interest rates on Prefr personal loans are some of the lowest in the industry. In fact, Prefr personal loan interest rates start from as low as 10% per annum.

Easy Application Process

At Bajaj Markets, you can apply for a Prefr personal loan within just a few minutes with minimal documentation.

Prefr Personal Loan Interest Rates and Charges

The table below summarises the interest rate and various other charges applicable on Prefr personal loans:

Interest rate	10% to 16% per annum
Processing fees	3% to 5% of the loan amount, subject to a minimum of ₹1,500 (plus GST)
Charges for foreclosure of loan	4% of the outstanding amount (plus GST). Foreclosure is allowed only after payment of at least 3 instalments.

Disclaimer: Interest rate and other changes may change. Please confirm with the lender before applying.

Prefr Personal Loans Eligibility Criteria

The age of the applicant must be between 22 and 60 years.
The applicant must be a salaried individual working either in the public sector or at a private limited company.
The applicant must be earning a minimum net monthly income of ₹20,000 if residing in a tier-1 city and ₹15,000 if living in tier-2 or tier-3 city.

Documents Required for Prefr Personal Loans

You will need to furnish the following documents while applying for a Prefr personal loan:

Identity Proof: Voter’s ID, Aadhaar card, PAN card, passport etc.
Address Proof: Aadhaar card, driving licence, Voter’s ID, passport, utility bills, rent agreement, etc.
Proof of Income: Latest salary slips (usually last three months’ salary slips are required) or income tax return certificate or latest Form 16

Prefr Personal Loans EMI Calculation

The EMI that you will be paying to Prefr for your personal loan depends upon the principal amount borrowed, the rate of interest applicable and the tenure of the loan. The following formula might come in handy for calculating your Prefr personal loan EMIs:

E = P x R x (1+R)^N/ ((1+R)^N-1),

where:

E stands for monthly instalment
P is the amount that you want to borrow
R is the rate of interest

N is the loan tenure in months

If this is too much of a hassle for you, you can simply use the free EMI calculator on Bajaj Markets to get an estimate of how much you will end up paying every month.

How to Apply for Personal Loan from Prefr Partners

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

Fill out the Details: Visit the personal loan page on the Bajaj Markets website. Click on “Apply Now” and enter your personal and professional details.
Select Your Lending Partner: From the list of personal loan partners, select Prefr.
Specify Personal Loan Details: Select the loan amount and repayment tenure as per your requirement.
Approval & Disbursal: Depending upon your eligibility, your loan will be approved instantly and the loan amount will also be credited to your bank account within 24 hours.

Prefr Customer Care Details

Prefr offers customer support over telephone and email. You may refer to the table below for details:

Toll-Free Number	70618 79075
Email Address	wecare@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.