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Prefr

Prefr credit loan interest rate is affordable and fixed between 15% to 36% per annum depending on the borrower’s eligibility, required loan amount, type of loan, tenure of repayment and other factors. Apart from the interest rate, borrowers will also be required to pay the Personal Loan Processing Fee of 3% to 5% of the loan amount, subject to a minimum of Rs. 1,500 + GST.

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  • No Secirty Required to Get Personal Loan
  • Get Loan Approval in 1Minute
  • Click a Selfie
  • Upload your PAN Card
  • KYC Proof - Aadhaar eKYC or CKYC
  • Optional (required only in certain cases): Address proof, Bank statement & Business proof

Prefr is an embedded lending service provider owned by CreditVidya, offers instant personal loan up to Rs. 5 Lakhs to salaried as well as self-employed individuals for all business and personal requirements. Prefr loan involves a completely digital process with simplified documentation.

Prefr Personal Loan Features

Following are some attractive features of Prefr loans:

  • Get an instant personal loan from Rs. 50,000 up to Rs. 5,00,000 for not just personal but also professional needs.
  • Prefr loan interest rate ranges from 15% to 36% per annum.
  • A processing fee of 3% to 5% of the loan amount, subject to a minimum of Rs. 1,500 + GST, will be charged.
  • No security is required to be kept with Prefr to get a loan.
  • Prefr loan app offers Term Loans for Self-Employed with flexible tenure ranging from 12 to 48 months that will help them grow their business.
  • Prefr offers Personal Loan for Salaried for their medical, home upgrade, wedding expenses and other personal needs for tenure ranging from 12 to 48 months with easy EMIs.
  • No CIBIL score is required as Prefr uses borrower’s banking data to generate their offer. 
  • Get loan approval in just one minute flat once you provide all the necessary details.
  • Money will be disbursed to your bank account within 2 hours after successful document verification.
  • Prefr is a great platform for availing of a personal loan. To know about its benefits, you can read Prefr loan reviews online

Frequently Asked Questions

No problem. We will use your banking data to generate you an offer.

Money will be in your bank account within 2 hours, post document verification.

You will get your loan approval in one minute flat once you provide all the necessary details.

There is (NO) security that you have to keep with us to get a loan.

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