NBFC PartnerCIBIL 725+

Prefr Personal Loan

Zomint Verdict: Quick digital personal loan option for eligible borrowers needing fast funds.

Prefr offers instant personal loans up to ₹5 lakhs with minimal digital documentation, quick disbursal in min 2 hours to max 24 hours, for salaried and self-employed individuals aged 22-55 with min income ₹20K/month and CIBIL 725+. Interest starts at min 18%, tenure 12-48 months, processing fee up to 5%.

Amount

Up to 5 L

₹50,000 - ₹5,00,000

Interest

18% - 36%

Starting from 18% p.a., depending on profile.

Tenure

1 - 4 Years

Flexible Options

Speed

min 2 hrs; Max 24 hrs

Digital Process

Highlights

Instant loans up to ₹5 lakhs.

Fully digital onboarding with selfie, PAN, Aadhaar eKYC.

Disbursal in as little as 2 hours.

Flexible tenure up to 48 months.

No CIBIL inquiry until disbursal.

Digital Process

Quick Disbursal

No Collateral

Flexible Tenure

Key Benefits

100% digital process with minimal documentation.

Quick disbursal within 2-24 hours.

No collateral required.

Flexible for personal and business needs.

Instant approval using bank data.

Why Apply?

Quick and paperless process.
Fast disbursal TAT.
Accessible for self-employed.
Competitive starting rates.
Minimal docs required.

Considerations

−High interest rates up to 36%.
−Processing fees up to 5%.
−Strict CIBIL requirement.
−Penal charges on delays.
−Limited to specific income levels.

Eligibility & Requirements

Who Can Apply

Age 22-55 years.
Applicants must be between 22-55 years old at loan maturity.
Min income ₹20K/month.
Salaried/self-employed with minimum ₹20,000 monthly income.
CIBIL 725+.
Minimum CIBIL score of 725 preferred for approval.
Salaried or self-employed.
Employment type: Salaried & Self-employed individuals.

Required Documents

Quick Checklist: Selfie, PAN Card, Aadhaar eKYC or CKYC. Optional: Address proof, bank statement, business proof., Fully digital, no physical documents needed..

KYCSelfie
KYCPAN Card
KYCAadhaar eKYC

Fees & Charges

Transparency First

Charge	Rate	Details
Processing Fee	upto 5%	3-5% of sanctioned amount + GST.
Penal Charges	3% p.m.	3% per month on overdue.

Application Process

100% Digital

Complete application via app with selfie and eKYC, no branches.

Instant Approval

Approval using bank data, no hard CIBIL pull initially.

Rapid Disbursal

Funds in account within min 2 hours to 24 hours.

Disclaimer: While we do our best to ensure the information displayed is accurate and up-to-date, the latest information about this loan, including interest rates, fees, tenure, and terms, is available on the respective lender's official website. We recommend verifying all details directly with Prefr before making any decisions.