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Choose a personal loan by Prefr to manage your immediate or big expenses!
Prefr is a leading fintech startup in the microlending space. You can get a personal loan of up to ₹5 Lakhs from Prefr. Known for instant approval and disbursal, this loan helps you fulfil your lifestyle needs and urgent requirements.
Prefr’s loan interest rate is competitive, and its other benefits include a flexible repayment tenure of up to 48 months and a hassle-free application process requiring minimal documentation.
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 |
17.99% to 29.99% per annum |
Processing Fee |
3%-5% |
Pre-closure Charges |
4% of Principal Outstanding + GST |
Penalty Charges |
36% p.a. (3% per month) on the overdue amount if any, in case of delayed payment |
Bounce Charge |
₹500 per instance |
*Disclaimer: The aforementioned interest rates and other charges are subject to change as per lender's discretion.
You can get personal loans of up to ₹5 Lakhs from Prefr and meet your financial requirements stress-free
Personal loans by Prefr also allow you to choose the tenure according to your repayment capacity, ranging between 12 and 48 months
Prefr Personal Loan is unsecured in nature, allowing you to get funds without pledging your assets
The Prefr Personal Loan interest rate starts from as low as 17.99% per annum
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 23 and 56 years
CIBIL score exceeding 725 is recommended
You must be earning a minimum net monthly income of ₹25,000
You will need to furnish the following documents to apply for a Prefr loan online:
1. Mandatory: Photograph: Selfie AND KYC Proof - Aadhaar oKYC or CKYC
2. Optional (required only in certain cases):
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 |
If you fulfil the eligibility criteria, your personal loan application is approved almost instantly by Prefr.
Since personal loans are unsecured in nature, you need not pledge any collateral to get one from Prefr.
You can borrow up to ₹5 Lakhs with a Prefr loan. However, the loan amount offered to you depends on the lender’s policies and your eligibility.
You can choose from flexible tenures of up to 48 months when you apply for a personal loan from Prefr.
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.
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