# Prefr: Personal Loan App — Instant Personal Loan App > Instant personal loans and credit score checks for Indian residents. (iPhone/iPad app by Dreamplug.) - Source: https://appshunter.io/ios/app/prefr-personal-loan-app/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 · 23 written reviews indexed - Age rating: 12+ - Requires: iOS 15.0 · 64 MB - Languages: American English - Released: 2026-03-05 - Data updated: 2026-10-13 - Monetization: ad-supported - User reviews in markdown: https://appshunter.io/ios/app/prefr-personal-loan-app/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, MAS Financial Services Limited, Si Creva Capital Services Private 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 ## Is Prefr safe? Not enough ratings yet to assess Prefr. ## Is Prefr legit? Prefr: Personal Loan App appears legitimate, with a few gaps. The AppsHunter Legitimacy Score for Prefr is 75 out of 100 points across 7 verification signals from App Store and developer data. ## Recent user reviews (10 of 23) All indexed reviews: https://appshunter.io/ios/app/prefr-personal-loan-app/id6758143425/reviews.md ### 1/5 — Very worst app *2026-09-30* West of time ### 1/5 — Fraud and scammer application *2026-09-25* 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 **Developer response:** 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. ### 5/5 — Simple and user friendly fin tech app *2026-09-12* Good experience with Prefr. the application process is simple and easy to understand. **Developer response:** Thank you for sharing your experience! We’re glad you found the Prefr application process simple and easy to understand. ### 5/5 — Got a 1 lac loan in 10 mins *2026-09-07* 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. **Developer response:** Thank you for your feedback! We're glad to hear you think it's good! ### 1/5 — Personal Loan *2026-09-06* Very bad service , After so much enquiry and doing formalities they will reject , Dont fall for this. **Developer response:** We regret that your experience did not meet your expectations. Loan approval is subject to eligibility assessment and lender policies, and completing the application does not guarantee approval. Please share your registered details at wecare@prefr.com so we can review your experience and assist you further. ### 5/5 — Satisfied *2026-08-29* Easy process with fast disbursement **Developer response:** Thank you for your feedback. We’re glad you found the process easy and the disbursement quick. ### 1/5 — Fraud *2026-08-24* Phale msg kr dete h loan application approved ho gyi h then apply karo to you are eligible aata h . Fake h **Developer response:** 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. ### 1/5 — Worse, *2026-08-15* I filled till natch and also gave auto debit, then it’s say loan cant be processed **Developer response:** 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. ### 1/5 — Worst and very slow response *2026-07-09* 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. **Developer response:** 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. ### 1/5 — Very poor customer service *2026-07-06* 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. **Developer response:** 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. ## 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 5 releases) ### 1.0.7 — 2026-09-29 A cleaner, simpler onboarding flow gets you from download to your loan offers quicker. Set up your profile and get instant credit health insights. Squashed bugs and improved speed and stability for a smoother experience throughout. ### 1.0.6 — 2026-09-03 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. ### 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. ### 1.0.4 — 2026-06-23 Minor bug fixes ### 1.0.3 — 2026-05-05 Minor bug fixes ## More apps by Dreamplug - [Kuvera by CRED: MF & US Stocks](https://appshunter.io/ios/app/kuvera-by-cred-mf-and-us-stocks/id1329701793) - [CRED: Credit Cards, Bills, UPI](https://appshunter.io/ios/app/cred-credit-cards-bills-upi/id1428580080) - [Circle Residents](https://appshunter.io/ios/app/circle-residents/id6760107214) - [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 2026-10-13.*