Prefr Loan

Prefr Loan

Interest rate Minimum

5 P.A

Interest rate Maximum

25000 P.A

Age Group

23+

CIBIL score

750+

Get Your Loan

Apply Now

Share Now

WhatsApp

Features

  • Loan Amount: ₹50,000 to ₹5,00,000

  • Interest Rate: Starting from 15% to 18% per annum (can go up to 36% depending on your credit profile)

  • Repayment Tenure: 6 to 48 months

  • Processing Fee: 3% to 5% of the sanctioned loan amount

  • Disbursal Time: Typically within 10 minutes to 2 hours after approval

  • Collateral: None required (it is an unsecured loan)

Eligibility

  • Age: 21 to 55 years old

  • Employment Type: Salaried and self-employed individuals

  • Minimum Income: ₹18,000 per month for salaried employees; ₹20,000+ per month for self-employed individuals

  • Credit Score: A CIBIL score is not strictly required if you are new to credit, though a score of 725 or above is preferred for the best rates.

Documents Required

Prefr prides itself on minimal paperwork. You generally only need:

  1. Selfie (for identity verification)

  2. PAN Card

  3. Aadhaar Card (for eKYC)

  4. Bank Statement (Optional in some cases, but often required to verify your income and set up auto-debit for EMIs)

Scroll to Top