Prefr Loan

Prefr Personal Loan

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 Details

Following are the key details of Prefr personal loan:

Loan amount Rs. 10,000 to Rs. 5 Lakhs
Eligible borrowers Salaried individuals and self-employed individuals
Purpose Wedding, events, home renovation, business needs, personal use, education, medical emergency & loan repayment
Tenure 6 to 36 months
Rate of interest 18% to 36% per annum
Processing Fee 3% to 5% of the loan amount
Disbursal TAT Within 2 hours after document verification

Table of Contents:Prefr Personal Loan [Hide]

Prefr Personal Loan Features

Prefr Personal Loan Interest Rate

Eligibility for Prefr Personal Loan

Prefr Personal Loan Types

Prefr Personal Loan Documents Required

How to Apply for Prefr Personal Loan?

Prefr Personal Loan Contact Details


Prefr Personal Loan Features

Following are some attractive features of Prefr loans:

  • Get an instant personal loan from Rs. 10,000 up to Rs. 5,00,000 for not just personal but also professional needs.
  • Prefr loan interest rate ranges from 18% 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 6 to 36 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 6 to 18 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
  • Prefr Personal Loan Interest Rate

    Prefr credit loan interest rate is affordable and fixed between 18% 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.

    Eligibility for Prefr Personal Loan

    Availing of a personal loan from Prefr is easy. All salaried, as well as self-employed individuals aged above 18 years, can apply for Prefr personal loan. The borrower must have a regular source of income to service loan repayment along with the interest component. The applicant has to provide information about their income and employment and also their bank account details for auto-debit of EMI payments.

    Prefr Personal Loan Types

    Prefr provides the following two types of loans for meeting your personal and professional needs:

  • Term Loans for Self-Employed: This loan is offered to self-employed individuals with flexible tenure to help them grow their businesses.
  • Personal Loan for Salaried: These loans are offered to salaried individuals for any personal requirements, including medical, home upgrade, wedding expenses, etc. The tenure for this loan ranges from 6 to 18 months.
  • HDFC Bank Personal Loan Document Required

  • KYC Documents
  • Passport
  • Aadhar card
  • Driving license
  • Voter ID card
  • Income documents
  • Last 3 months Bank Statements/ Passbook of last 6 months
  • Prefr Personal Loan Documents Required

    To get a Prefr personal loan, you just need to do the following three things:

  • Click a Selfie
  • Upload your PAN Card
  • Voila you are done.

    How to Apply for Prefr Personal Loan?

    Following are three easy steps to get a Prefr personal loan:

  • Provide information about your income and employment to check your loan offer in just 1 minute.
  • Click a Selfie and upload your PAN and address proof in the app.
  • Set up an auto debit on your bank account for easy EMI repayments.
  • Prefr Personal Loan Contact Details

    In case you have any query, complaint, feedback or suggestion regarding the Prefr loan, you can contact them through Prefr credit customer care number or any of the following ways:

    Prefr loan customer care number: 040-48521334


    Address: 2nd Floor, Block 2, My Home Hub, Hitech City, Hyderabad, Telangana - 500081.

    HDFC Personal Loan Interest Rate

    MyMoneyMantra is India’s largest phygital loan distributor. With trust of 70 lakh customers, we assure hassle free access to the best Personal Loans up to 75 Lakhs* for the largest base of unsecured loan borrowers in India. Our service is 100% free. We use latest technology and AI to serve customers across the length & breadth of our diverse country. Check Eligibility & Apply

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    Prefr Personal Loan FAQs

  • Processing fee: 3% to 5% of the loan amount, with a minimum of Rs. 1,500 + GST.
  • Foreclosure charges: 5% of principal outstanding.
  • Bounce charges: Rs. 350.
  • Additional/ Penal Interest: 3% per month (36% per annum) of overdue EMI, pro-rated for the number of days of overdue.
  • You can avail of a personal loan amount anywhere between Rs. 10,000 up to Rs. 5 Lakhs, depending on your eligibility and requirement.

    Personal Loan for Salaried can be repaid in flexible tenure ranging from 6 to 18 months with easy EMIs.

    Term Loans for Self-Employed can be repaid in flexible tenure ranging from 6 to 36 months.

    Yes, you can use MyMoneyMantra's or HDFC's online EMI Calculator to calculate how much EMI amount you need to pay.

    Yes, if you have booked the loan on or after April 1, 2018, it is possible to prepay your Personal Loan from 13 EMIs onwards from the disbursement of the loan. However, part-payment is permitted only twice during loan tenure and once in a financial year. Also, each part-payment should not exceed 25% of the outstanding principal amount.

    The additional charges are only applicable if:

  • There is any default
  • In case of SWAP or change in the repayment mode
  • Yes, HDFC offers pre-approved Personal Loan to its existing customers. They are eligible to get an instant Personal Loan within 10 seconds of application.

    New customers can get a Personal Loan from HDFC in just 4 hours after successful application and approval.

    You can avail personal loan up to Rs. 40 Lakhs and also Rs. 75 Lakhs as per eligibility norms from HDFC Bank, depending on your income, CIBIL score, and other eligibility factors.

    Yes, with SarvSuraksha Pro, you can secure your Personal Loan repayment. The facility has the following key benefits:

  • It provides credit protection to cover equal to your outstanding loan amount
  • It offers accidental hospitalisation cover of maximum Rs. 8 Lakhs
  • The facility provides accidental death or permanent disablement cover of maximum Rs. 1 Lakh
  • You can pay the EMI on your HDFC Personal Loan using Electronic Clearing Services, Cheque Drop Boxes, or your net banking or phone banking account.