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Greetings, dear readers! You may have come across the saying that “money is not everything” at some point in your life. However, in today’s world, the importance of money has taken a different turn. Money has become a vital aspect of our lives, allowing us to achieve various goals. It serves as a reliable companion during challenging times, providing the means to overcome obstacles. With money, we can conquer any problem and fulfill our desires. Therefore, if you’re in need of funds, worry not! Today, I bring to you an exceptional loan app called Prefr Loan App that can solve all your financial woes.
What will be the rate of interest for taking loan from Prefr Loan App?
When it comes to the interest rates, Prefr Loan App offers competitive rates that range from 18% to 36% annually. This ensures that you can secure a loan at favorable terms, easing the burden on your financial journey. To apply for a loan, you will need to provide essential documents, including your Aadhar card and PAN card.
Let’s say:
For ₹1,00,000/- borrowed, at interest rate of 24% per annum for 12 months (interest rate on reducing balance method), you would pay:
Processing fee: ₹2,000
Interest: ₹24,000
Total amount repaid after a year: ₹1,26,000
How much loan will be available from Prefr Loan App?
Prefr Loan App offers a wide range of benefits to its users. Let’s delve into the specifics. Firstly, you can avail yourself of a loan of up to Rs 3 lakh through this app, ensuring that your financial needs are adequately met. Moreover, the flexibility of loan repayment periods is remarkable, allowing you to choose a timeframe ranging from 6 to 18 months, giving you ample time to repay the borrowed amount.
Who will get loan from Prefr Loan App?
Prefr Loan App is designed to cater to the needs of Indian citizens above the age of 18. If you meet these criteria, you can take advantage of the low-interest rates, hassle-free loan approvals, and generous repayment periods offered by this app.
What are the documents required to take a loan from Prefr Loan App?
- Aadhar Card
- Pan Card
How to apply for a loan from Prefr Loan App?
Applying for a loan through Prefr Loan App is a straightforward process. Simply download the app, register your mobile number, and fill in your basic information. Next, upload the necessary documents, and once your loan is approved, the loan amount will be disbursed directly into your account. It’s that simple!
Prefr Loan App Customer Care Number
If you have any queries or require assistance, the Prefr Loan App customer care team is readily available to support you. You can reach them via email at wecare@prefr.com.
Is Prefr RBI approved?
No Information Available
Who is the owner of Prefr?
Infocredit Services Pvt Ltd
We hope this information about the loan amount, repayment duration, interest rates, eligibility criteria, and application process for Prefr Loan App has been helpful to you. We appreciate the time you’ve taken to read this post. Should you have any further questions, feel free to reach out. Thank you!
