Loan shark pro max
The worst app ever. First they call you a million times till u take a loan, then u can never access your loan documents in app, they "forget" to register your email so no way they could have sent you your docs there too.
Now you are trapped, u signed something in a webapp and dont even know what conditions you signed up for.
For emi of 9k they register 99k auto debit mandate on your account, literally the highest number rbi allows anyone.
Then by the time you realise this and want to cancel the loan, you see they dont allow foreclosure till 3 months.
And fyi first month emi is 70% interest and 60ish from second month. Then finally after you paid hefty processing charges and forclosure charges you realize you paid them the full amount + 15% extra in interest and charges in just 3 months.
15% of your loan amount which was 41k ish for 2.6L loan in my case. And the worst part even after u tolerate all this and forclose it because you dont want to put up with anymore surprises:
once you foreclose ur app goes dark all u can see is "you have no active loans" No noc nothing.
You dont have the loan docs You dont have noc And you have to mail them now to get your noc.
I have a credit history of 20years over 50ish loans and 100% payment record, never have i ever seen RBI approve such shady lenders.
Navi is the best one of this nbfc lot. They offer loans in same tier but 100% transaperent and i can still see the noc in app for a loan i closed long ago.
I hope someone shuts these kind of lenders
Now you are trapped, u signed something in a webapp and dont even know what conditions you signed up for.
For emi of 9k they register 99k auto debit mandate on your account, literally the highest number rbi allows anyone.
Then by the time you realise this and want to cancel the loan, you see they dont allow foreclosure till 3 months.
And fyi first month emi is 70% interest and 60ish from second month. Then finally after you paid hefty processing charges and forclosure charges you realize you paid them the full amount + 15% extra in interest and charges in just 3 months.
15% of your loan amount which was 41k ish for 2.6L loan in my case. And the worst part even after u tolerate all this and forclose it because you dont want to put up with anymore surprises:
once you foreclose ur app goes dark all u can see is "you have no active loans" No noc nothing.
You dont have the loan docs You dont have noc And you have to mail them now to get your noc.
I have a credit history of 20years over 50ish loans and 100% payment record, never have i ever seen RBI approve such shady lenders.
Navi is the best one of this nbfc lot. They offer loans in same tier but 100% transaperent and i can still see the noc in app for a loan i closed long ago.
I hope someone shuts these kind of lenders
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NNoBs@123
Response from developer
We’re sorry to hear about your experience. This is not the standard of service we strive to provide. We understand your concerns regarding loan documents, charges, foreclosure, and NOC availability. Please write to us at wecare@prefr.com so our team can review your concerns and assist you.
Very worst app
West of time
SDSanthosh done
Fraud and scammer application
This 3rd party app give your life one the worst experience they never give you loan this app show you maximum loan amount like 5 lakh to 10 lakh on the interest rate of 2% , 5% but when you proceed this app show you loan amount 20k - 30k on the interest rate of 29% - 32% if you have 800 CIBIL but they show you the same on this CIBIL also so never ever try to use this app
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KSKumar sid against scammers
Response from developer
We regret that your experience did not meet your expectations. Loan offers, amounts, and interest rates are subject to eligibility and lender-specific terms. Please contact us at wecare@prefr.com with your registered details so we can review your concern.
Simple and user friendly fin tech app
Good experience with Prefr. the application process is simple and easy to understand.
SSudip.S
Response from developer
Thank you for sharing your experience! We’re glad you found the Prefr application process simple and easy to understand.
Got a 1 lac loan in 10 mins
Got a 1 lac loan from MAS. Was fast. got approval in seconds, after which i had to take selfie, submit my kyc, setup by autodebit via upi autopay, gave my address details and then immediately got the agreement signing. Wasn’t expecting this speed for 1 lac loan. took it for 18 months.
also now it’s been two months, paying on time. no problem. debits automatically from my account. also saw they have free credit score check which refreshes every month. so that’s good benefit as well.
also now it’s been two months, paying on time. no problem. debits automatically from my account. also saw they have free credit score check which refreshes every month. so that’s good benefit as well.
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Ppcm017
Response from developer
Thank you for your feedback! We're glad to hear you think it's good!
