Prefr Personal Loan

A personal loan is the perfect way to meet any of your financial needs. This unsecured loan can be availed of easily if the applicant’s profile meets the eligibility criteria determined by the loan provider.

To help individuals get the required funds from the right provider at the best rates, Park+ has come forward with the leading personal loan provider, including Prefr. Prefr is one of the reliable loan providers in India, offering personal loans at affordable rates and for flexible tenure, easing the repayment journey of the applicants.

Prefr personal loan interest rates in 2026

Interest rate is an important determinant associated with a personal loan. It defines the cost of total borrowing over the tenure selected by the applicant. Every bank or lending institution has its own interest rates, which may vary depending on various factors. Prefr lends a loan at a rate of 18% p.a. The rate of interest varies depending on several factors, including demographics - age, income, location, etc.

What are the eligibility criteria for a Prefr personal loan?

Eligibility criteria is one of the important factors to be checked even before applying for a personal loan. A personal loan application can be rejected if it does not meet the standard requirements of the provider. Thus, it is advised to apply for a personal loan only if the applicant qualifies for the criteria set by the respective lender.

To understand more about the Prefr personal loan eligibility criteria, take a look below:

Note: Apply for a personal loan only after thoroughly checking the eligibility criteria to avoid the possibility of rejection.

What are the documents required for a Prefr personal loan?

When applying for a personal loan, the applicants have to submit some documents for identity, residence and income verification. Providing valid documents builds trust, confidence and helps loan providers to assess the risk involved, determine the interest rates, repayment tenure and loan amount.

When applying for a Prefr personal loan, keep these documents handy:

Note: Depending on the profile, the loan provider may ask for any other document/(s), if required.

Prefr personal loan fees & charges 2026

A personal loan carries with it a few fees. The various charges involved in the Prefr personal loan are:

• Interest rate: This is the cost of borrowing. Prefr charges an interest of 18% p.a. on the loan amount.
• Processing fees: This is a one-time, non-refundable fee for processing the loan application.
• Annual Percentage Rate (APR): The total yearly cost of a loan or the cost of borrowing.
• Bounce charges: Penalty imposed by the lender for not receiving the EMI on the proposed date, due to insufficient balance or any other reason.
• Late payment charges: Penalty imposed by the lender if EMIs are missed.
• Stamp duty: A mandatory state government tax imposed to ensure the legality and validity of the loan agreement.
• Mandate rejection charges: Penalties imposed on the borrower if the EMI amount is not auto-debited due to expired mandates or any other related reason.
• Foreclosure charges: The charges involved in pre-closing the loan, before the chosen tenure.

How to apply for a Prefr personal loan online on Park+?

The application process for the Prefr personal loan is simple and can be performed easily online. The simple to perform steps on Park+ include:

Step 1: Visit Park+ and go to the ‘Personal Loan’ section.

Step 2: Provide the key details - name (as per PAN card).

Step 3: Select the employment type - salaried or self-employed.

Step 4: Click on ‘Check Now’ after reading the undertaking.

Step 5: Check the Prefr personal loan offers, interest rates and complete the application.

Note: Try using the personal loan EMI calculator to select the loan amount that suits your budget.

Why opt for a Prefr personal loan?

Prefr is undoubtedly one of the reliable personal loan providers in India.

The key highlights that make it a top choice among the applicants are:

• Affordable interest rate: Prefr offers personal loan at an 18% p.a.
• Flexible tenure: Prefr offers a flexible tenure for personal loan repayment ranging from 1 - 4 years (12 - 48 months).
• EMI Protection plan: Prefr offers an EMI protection plan to help borrowers keep their loan safe from unexpected events.
• Loyalty rewards: Prefr offers benefits such as attractive interest rates and higher loan amount for loyal customers.
• Easy repayment options: Prefr offer a range of repayment options allowing customers to choose one that best suits their preferences - auto debit, netbanking, bank card, debit card, UPI, etc.

Get the best personal loan offers for your profile from leading providers on Park+. Just share a couple of details and we will help you find the perfect provider to help you meet the financial needs.