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Prefr: Instant Personal Loan

Prefr: Instant Personal Loan

Quick Loan with Flexible EMI

27 ratings
18 reviews
💰 Finance

Details

  • Released
  • Updated
  • March 5, 2026
  • September 3, 2026

Developer

Dreamplug
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⭐18
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❓8 answered
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About

Access personal loans up to ₹5,00,000 and check your credit score instantly through a secure, fully digital process. This app offers fast, transparent borrowing for various needs, with funds disbursed directly to your bank account.

✓Personal loans up to ₹5,00,000
✓Instant credit score check
✓100% digital and paperless application
✓Flexible repayment tenures (12-48 months)
✓Funds disbursed directly to bank account
✓Personalized credit improvement tips
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What's New in Prefr

1.0.6

September 3, 2026

We've made it easier to reach the features you want and added tougher fraud detection to stop fake applications and protect honest borrowers. Minor bug fixes included.

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User reviews

Most RecentHighest RatedLowest Rated

Satisfied

Easy process with fast disbursement
Ashish 0338Ashish 0338

Response from developer

Thank you for your feedback. We’re glad you found the process easy and the disbursement quick.

Fraud

Phale msg kr dete h loan application approved ho gyi h then apply karo to you are eligible aata h . Fake h
Shub789Shub789

Response from developer

We’re sorry for the confusion caused. Loan eligibility is subject to the applicable assessment criteria and may change based on the information provided during the application process. We strive to provide a transparent and reliable experience for all our users. Please share your details at wecare@prefr.com so we can review the concern and assist you.

Worse,

I filled till natch and also gave auto debit, then it’s say loan cant be processed
Josh daniJosh dani

Response from developer

We understand your frustration and apologize for the inconvenience caused after completing the application and auto-debit setup. Loan approval is subject to final eligibility and verification checks. Please share your registered details at wecare@prefr.com, and our team will review the issue and assist you.

Worst and very slow response

I had taken loan from the worst company and when I close the loan they say it will take 7-8 working days g days to get Nov certificate. Which is worst as we are living in AI world and digital world why they take 7-8 days just to say the loan closed. Even their statement of account t also will still show as pending amount after you close the loan.
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RbgoudaRbgouda

Response from developer

We sincerely apologize for the inconvenience caused. We understand your concerns regarding the delay in receiving the NOC and the loan closure status. We would like to review your case and assist you. Please share your registered details with wecare@prefr.com, and our team will investigate the matter and provide the necessary support.

Very poor customer service

I have paid overdue charges because of the technical issue from the prefr app. They are not responding properly for the same. If you need money, please go to any bank and take loan from the official channel.
A.ndhuuA.ndhuu

Response from developer

We sincerely regret your experience and understand your concern regarding the overdue charges and the support you received. We take such issues seriously and would like to review the matter. Please share your registered details with wecare@prefr.com, and our team will investigate the issue thoroughly and assist you with an appropriate resolution.

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FAQ

What is the maximum loan amount offered by Prefr?

Prefr offers personal loans ranging from ₹51,000 to ₹5,00,000. The specific amount you can borrow depends on your eligibility and financial assessment.

What are the repayment terms for loans from Prefr?

Loans from Prefr can be repaid over flexible tenures ranging from 12 to 48 months. This allows you to choose a repayment plan that best suits your financial situation.

What is the interest rate and APR for Prefr loans?

The interest rate for Prefr loans ranges from 18% to 30% per annum, with an Annualized Percentage Rate (APR) between 20.7% and 45%. These rates are subject to your loan amount and repayment tenure.

Does Prefr have ads?

Yes, Prefr contains advertisements. As an ad-supported application, it displays ads to users.

What are the eligibility criteria to apply for a loan on Prefr?

To be eligible for a loan on Prefr, you must be a resident of India, aged between 22 and 55 years, and have an annual household income of ₹3,00,000 or above.

How long does it take to get funds after applying with Prefr?

The application process with Prefr is designed to be fast and fully digital. Once approved, funds are typically disbursed directly to your bank account, though specific timelines can vary.

What is the processing fee for a loan from Prefr?

The processing fee for loans from Prefr ranges from 3% to 5% of the loan amount. This fee, along with GST, is deducted from the disbursed amount.

Which lending partners does Prefr work with?

Prefr facilitates loans through RBI approved lending partners including Aditya Birla Capital Limited, Poonawalla Fincorp Limited, SMFG India Credit Company Limited, Respo Financial Capital Pvt. Ltd., and NDX P2P Private Ltd.