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Prefr: Instant Personal Loan

Prefr: Instant Personal Loan

Personal Loan, Credit Score

27 ratings
12 reviews
With Ads
💰 Finance
With Ads

Details

  • Released
  • Updated
  • March 5, 2026
  • June 26, 2026

Developer

Dreamplug
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⭐12
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❓8 answered
FAQ↘︎
📦~ in 1 month
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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

1.0.5

June 26, 2026

Say hello to Prefr Learn - a new in-app space for short, easy-to-watch videos on personal finance. Browse by topic, learn at your own pace, and build money habits one clip at a time.

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User reviews

Most RecentHighest RatedLowest Rated

DO NOT APPLY

They signed agreement on time of disbursement they rejected the Loan
MAK……..MAK……..

foreclosure

i have to fill my amount but idbi bank is not available in net banking
sjahaalsjahaal

Response from developer

We regret the inconvenience caused. We understand your concern regarding the unavailability of IDBI Bank in the Net Banking payment option. Please share your registered details with wecare@prefr.com so our team can review the issue and assist you with an alternative payment method.

Worrest app

Approved loan after collecting documents rejected
CavbabahCavbabah

Response from developer

We regret that your experience did not meet your expectations. Loan applications are assessed based on multiple eligibility and verification criteria, and document collection does not guarantee final approval. We value your feedback and would like the opportunity to review your application. Please share your registered details with wecare@prefr.com, and our team will examine your case and provide the necessary assistance.

Poor service

To complete vc the app is automatically close
KehhsiKehhsi

Response from developer

We regret the inconvenience you had to face. For better assistance please share your information with wecare@prefr.com. We will be happy to assist you.

Fast and Easy loan

Really smooth experience. App is user friendly, loan approval was quick, and funds get disbursed fast. Overall reliable option for quick loans.
doomsdaysFeardoomsdaysFear

Response from developer

Thank you for your feedback! We’re glad you had a very good experience.

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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.