# Prefr: Instant Personal Loan — Personal Loan, Credit Score > Instant personal loans and credit score checks for Indian residents. (iPhone/iPad app by Dreamplug.) - Source: https://appshunter.io/ios/app/prefr-instant-personal-loan/id6758143425 (this page in markdown: same URL + `.md`) - Developer: [Dreamplug](https://appshunter.io/developer/1428580079) - Category: Finance - Price: Free - Rating: 4.10/5 from 27 App Store ratings · 12 written reviews indexed - Age rating: 12+ - Requires: iOS 15.0 · 53 MB - Languages: English - Released: 2026-03-05 - Data updated: 2026-08-29 - Monetization: ad-supported - User reviews in markdown: https://appshunter.io/ios/app/prefr-instant-personal-loan/id6758143425/reviews.md ## What is Prefr? Prefr – Instant Personal Loans Made Simple Get access to personal loans up to ₹5,00,000 and check your credit score instantly, all in one secure app. From small wishes to big milestones, Prefr helps you move forward with fast, reliable, and fully digital loans designed to support your goals. Whether it's emergencies or life's next big step, experience borrowing that's simple, transparent, and built for you. With this trusted instant loan app, you can apply online anytime, track your eligibility, and receive funds directly in your bank account through a 100% digital process. DTPL acts as a Lending Service Provider (LSP) and the Prefr application acts as a Digital Lending App (DLA). Why Choose Prefr? Access funds when you need them the most —> Get personal loans up to ₹5,00,000 directly in your bank account —> Quick approvals with a seamless digital process Flexible loans for every need —> Designed for both salaried and self-employed individuals —> Use funds for medical emergencies, education, travel, or business needs —> Choose repayment tenures from 12 to 48 months Smart tools for better financial decisions —> Track your credit score with easy-to-understand grades and insights —> Get personalized tips to improve your credit health 100% digital & paperless —> Apply anytime, anywhere, no paperwork required —> Simple, fast, and secure loan application process Simple & Fast Loan Application Getting a loan with Prefr is easy and quick: 1 - Choose your loan Select a loan amount and plan that fits your needs 2 - Complete verification Check eligibility and submit basic details digitally 3 - Get funds & repay with flexibility Receive money directly in your bank account and repay with easy EMIs RBI Approved Lending Partners Loans are facilitated through our trusted partners: Aditya Birla Capital Limited, Poonawalla Fincorp Limited, SMFG India Credit Company Limited and Respo Financial Capital Pvt. Ltd. Eligibility Criteria —> Age: 22 years to 55 years —> Annual household income: ₹3,00,000 and above —> Must be a resident of India Loan Details —> Loan Amount: ₹51,000 to ₹5,00,000 —> Repayment Tenure: 12 to 48 months —> Interest Rate: 18% to 30% per annum —> APR: 20.7% to 45% —> Processing Fee: 3% to 5% Example: Loan amount - ₹5,00,000 Rate of Interest (per annum) - 18% Processing fee - ₹15,000 GST on proc. fee - ₹2,700 Actual disbursal amount - ₹4,83,300 Monthly EMI - ₹31,903 Total Amount Repaid in 18 months - ₹7,04,976 Annualised Percentage Rate (APR) - 25.4% Your Financial Partner Prefr is designed to make borrowing simple, transparent, and stress-free. Whether it's planned expenses or urgent needs, we're here to support your financial journey, every step of the way. Download Prefr today and experience hassle-free digital lending. Do you have complaints/queries? Contact: Grievance officer: Sumit Sharma Write to us at nodal.officer@prefr.com or call at 040-6988 2777 ## Key features - 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 ## Recent user reviews (10 of 12) All indexed reviews: https://appshunter.io/ios/app/prefr-instant-personal-loan/id6758143425/reviews.md ### 1/5 — DO NOT APPLY *2026-07-01* They signed agreement on time of disbursement they rejected the Loan ### 1/5 — foreclosure *2026-06-25* i have to fill my amount but idbi bank is not available in net banking **Developer response:** 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. ### 1/5 — Worrest app *2026-06-08* Approved loan after collecting documents rejected **Developer response:** 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. ### 2/5 — Poor service *2026-04-10* To complete vc the app is automatically close **Developer response:** 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. ### 5/5 — Fast and Easy loan *2026-04-09* Really smooth experience. App is user friendly, loan approval was quick, and funds get disbursed fast. Overall reliable option for quick loans. **Developer response:** Thank you for your feedback! We’re glad you had a very good experience. ### 5/5 — Quick disbursement, respect space *2026-04-09* It’s been amazing using this app and it enables instant cash flow. **Developer response:** Thank you for your feedback! We’re glad you had a very good experience. ### 1/5 — Worst app in loan service *2026-04-06* सबसे घटिया ऐप है लोन सर्विस में. मैंने ईएमआई पे करदी फिर भी नेक्स्ट डे ईएमआई अकाउंट से काट ली और रिफंड देने के नाम पर 15 दिन माँग रहे **Developer response:** We sincerely apologize for the experience you faced. This does not reflect our service standards. Please share your loan account details with us at wecare@prefr.com so we can investigate and address the issue promptly. ### 1/5 — Zero rating *2026-04-05* Poor app time waste **Developer response:** Hi, we regret the inconvenience caused. Kindly elaborate on the issue so that we can look into the matter and resolve it for you. Please write to us at wecare@prefr.com. ### 1/5 — Staff behavior of staff in the office *2026-04-03* Most disgusting staff working in the office. The staff is not sense of timings and request made by customers. Very much disgraceful behavior. **Developer response:** We sincerely apologize for the experience you faced. This does not reflect our service standards. Please share your loan account details with us at wecare@prefr.com so we can investigate and address the issue promptly. ### 5/5 — Got loan instantly *2026-03-24* Needed a personal loan for medical emergency, got the amount in my account in 10 minutes. Thanks Prefr **Developer response:** Thank you for your feedback! ## Frequently asked questions about Prefr ### 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. ## Version history (last 4 releases) ### 1.0.5 — 2026-06-26 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. ### 1.0.3 — 2026-05-05 Minor bug fixes ### 1.0.2 — 2026-03-23 Minor bug fixes, improve app performance and experiences ### 1.0.1 — 2026-03-05 No release notes. ## More apps by Dreamplug - [Kuvera by CRED: Mutual Funds](https://appshunter.io/ios/app/kuvera-by-cred-mutual-funds/id1329701793) - [CRED: Credit Cards, Bills, UPI](https://appshunter.io/ios/app/cred-credit-cards-bills-upi/id1428580080) - [Circle by CRED](https://appshunter.io/ios/app/circle-by-cred/id6760107537) All apps by Dreamplug: https://appshunter.io/developer/1428580079 --- *Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-08-29.*