Our Products
Loans
Cards
Insurance
Investment
Stock Market
Electronics Mall
CIBIL Score
Knowledge Centre
Calculators
Our Services
Do not call
En
Check the latest Prefr Personal Loan interest rate, including applicable charges, fees, and factors that influence your borrowing cost to plan your loan more effectively.
Last updated on: March 25, 2026
Prefr Personal Loans offer competitive interest rates designed to suit different borrower profiles, helping you manage expenses without straining your finances. Understanding the applicable rates, fees, and influencing factors can help you choose the right loan and plan your repayments more effectively.
| Particulars | Details |
|---|---|
Interest Rate |
17.99% p.a. |
Processing Fees |
3% to 5% |
Loan Amount |
₹5 Lakhs |
Loan Tenure |
48 months |
| Charges Type | Details |
|---|---|
Penalty Charges |
36% p.a. on the overdue amount in case of delayed payment |
EMI Bounce Charges |
₹500 per instance |
Pre-closure Charges |
4% of outstanding principal + taxes |
Several factors influence the interest rate offered to you. These include:
Credit Score
A higher credit score generally indicates better repayment capacity, which may help you secure lower interest rates.
Income and Employment Profile
Stable income, employer reputation, and employment type play a key role in determining your risk profile and interest rate.
Loan Amount
Larger loan amounts may sometimes attract different pricing depending on lender risk assessment.
Loan Tenure
Longer tenures may have slightly higher interest costs overall due to extended repayment periods.
Existing Financial Obligations
Current EMIs, debts, and credit utilisation impact your eligibility and interest rate offered.
Relationship with the Lender
Existing customers or those with strong repayment history may receive preferential rates.
The interest rate directly impacts your EMI amount, total repayment, and interest burden over the loan tenure. Even a small difference in interest rate can significantly change the total cost of borrowing.
Key impacts include:
Higher interest rates increase EMIs and total repayment cost.
Longer tenure reduces EMI but increases total interest paid.
Lower rates help reduce overall financial burden.
Illustrative EMI Breakup:
| Loan Amount | Interest Rate | Tenure | EMI (Approx.) | Total Interest Payable |
|---|---|---|---|---|
₹1,00,000 |
10% p.a. |
3 Years |
₹3,226 |
₹16,161 |
₹1,00,000 |
14% p.a. |
3 Years |
₹3,417 |
₹23,039 |
₹1,00,000 |
18% p.a. |
3 Years |
₹3,615 |
₹30,148 |
Lender |
Interest Rate (Starting From) |
Max Loan Amount |
12% p.a. |
₹10 Lakhs |
|
12.5% p.a. |
₹50 Lakhs |
|
18% p.a. |
₹5 Lakhs |
|
14% p.a. |
₹5 Lakhs |
|
14.5% p.a. |
₹10 Lakhs |
|
18.96% p.a. |
₹2 Lakhs |
|
12% p.a. |
₹15 Lakhs |
|
13.99% p.a. |
₹10 Lakhs |
|
18% p.a. |
₹5 Lakhs |
|
14% p.a. |
₹5 Lakhs |
|
2.79% p.m. |
₹3 Lakhs |
|
10% p.a. |
₹55 Lakhs |
|
12% p.a. |
₹25 Lakhs |
|
9.99% p.a. |
5 Lakhs |
|
10.99% p.a. |
40 Lakhs |
|
18% p.a. |
₹1 Lakh |
|
15.95% p.a. |
10 Lakhs |
|
1.33% p.m. |
10 Lakhs |
|
13.5% p.a. |
₹7 Lakhs |
|
12.75% p.a. |
₹5 Lakhs |
|
14% p.a. |
₹4 Lakhs |
|
12% p.a. |
₹5 Lakhs |
|
17.25% p.a. |
₹6 Lakhs |
|
18% p.a. |
₹5 Lakhs |
|
16% p.a. |
₹5 Lakhs |
|
6% p.m. |
₹1.5 Lakhs |
|
17.99% p.a. |
₹5 Lakhs |
|
16% p.a. |
₹5 Lakhs |
Note: Rates are indicative and subject to eligibility and lender policies.
Reviewer
Prefr Personal Loan interest rates start from prefrplminint and vary based on your credit profile, income, and lender assessment.
Most Prefr Personal Loans are offered at fixed interest rates, meaning your EMI remains constant throughout the loan tenure.
Your credit score, income level, employment stability, loan amount, tenure, and existing financial obligations all influence the interest rate offered for your Prefr Personal Loan.
You can check your personalised interest rate for Prefr Personal Loan by completing the online application or eligibility check process, which evaluates your financial profile.
Existing customers of Prefr Personal Loan with a strong repayment history or relationship with the lender may receive preferential interest rates, subject to approval.
Yes, your credit score plays a significant role to decide the interest rate charged on your Prefr Personal Loan. A higher score typically improves your chances of getting a lower interest rate and better loan terms.
Academy 
