Prefr Loan Fake or Real

Prefr Loan

Features of Prefr Loan

• Get an instant personal loan of up to Rs 50,000. 5,00,000 not only for personal but also for business purposes.
• Interest rates for advance loans range from 15% to 36% per annum.
• Subject to a 3% to 5% processing fee of the loan amount, minimum Rs. You will be charged Rs 1,500 + GST.
• It is not necessary to pay a deposit on Prefr to avail of the loan.
• The Prefr Loan application offers bridging loans with flexible terms of 12 to 48 months to help the self-employed grow their business.
• Prefr offers personal loans to salaried people for a tenure of 12 to 48 months for medical care, home repairs, wedding expenses, and other personal needs with easy EMIs.
• No CIBIL score is required as Prefr uses the borrower’s bank details to generate its offer.
• After providing all the necessary details, you will get the loan approval within a minute.
• Money will be transferred to your bank account within 2 hours of successful document verification.
• Prefr Loan is a great platform for taking personal loans. You can read Prefr Loan reviews online to learn about the benefits

Prioritize the personal loan interest rate

Prefr Loan credit loan interest rates are affordable and range from 18% to 36% per annum depending on the borrower’s eligibility, loan amount required, loan type, repayment period, and other factors. Apart from the interest rate, borrowers also have to pay an individual loan processing fee of 3% to 5% of the loan amount, with a minimum of Rs. 1,500 + GST

Prioritize personal loan eligibility

Getting a personal loan with Prefr Loan is easy. All employees and self-employed above 18 years of age can apply for preferential personal loans. The borrower must have a regular source of income to cover both the interest portion and the loan repayment. The applicant is also required to provide income and employment information and bank account details for automatic debit of EMI payments.

Types of Preferred Personal Loans

Prefr Loan offers the following two types of loans to meet your personal and business needs:

• Self-Employed Term Loans: These loans are given to self-employed people with flexible tenure to help them grow their businesses.
• Personal Loans for Employees: These loans are given to employees for their personal needs including medical care, home repairs, wedding expenses, etc. The tenure of this loan is 6 to 18 months.

Prefer personal loan documents

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

• Click on Selfie
• Upload your PAN card
• Upload your address proof

Voila, you’re done.

How can I apply for a preferred personal loan?

Below are three easy steps to get a preferred personal loan:

• In just 1 minute, enter your income and employment information to review your loan offer.
• Click on the selfie and upload your PAN and address proof on the app.
• Set up auto debit from your bank account for easy EMI payments.