Instant personal loans up to Rs. 5 lakh are available via Prefr, an embedded lending service provider operated by CreditVidya, to self-employed and salaried people for any kind of personal or commercial need. The Prefr lending process is entirely digital and requires less paperwork. Prefr Personal Loan Details: Following are the key details of Prefr personal loan:  Loan amountRs. 50,000 to Rs. 5 LakhsEligible borrowersSalaried individuals and self-employed individualsAge22 years to 55 yearsIncomeSalaried- Rs. 18K  & Self Employed- Rs. 20KPurposeWedding, events, home renovation, business needs, personal use, education, medical emergency & loan repaymentTenure12 to 48 monthsRate of interest15% to 36% per annumProcessing Fee3% to 5% of the loan amountDisbursal TATWithin 2 hours after document verificationForeclosure charges5% of Principal OutstandingInstallment CycleMonthly EMI - deducted via automated mandate on 5th of every month Prefr Personal Loan Features: Following are some attractive features of Prefr loans: Get an instant personal loan from Rs. 50,000 up to Rs. 5,00,000 for not just personal but also professional needs. Prefr loan interest rate ranges from 15% to 36% per annum. A processing fee of 3% to 5% of the loan amount, subject to a minimum of Rs. 1,500 + GST, will be charged. No security is required to be kept with Prefr to get a loan. Prefr loan app offers Term Loans for Self-Employed with flexible tenure ranging from 12 to 48 months that will help them grow their business. Prefr offers Personal Loan for Salaried for their medical, home upgrade, wedding expenses and other personal needs for tenure ranging from 12 to 48 months with easy EMIs. No CIBIL score is required as Prefr uses borrower’s banking data to generate their offer.  Get loan approval in just one minute flat once you provide all the necessary details. Money will be disbursed to your bank account within 2 hours after successful document verification. Prefr is a great platform for availing of a personal loan. To know about its benefits, you can read Prefr loan reviews online Prefr Personal Loan Interest Rate: Prefr credit loan interest rate is affordable and fixed between 15% to 36% per annum depending on the borrower’s eligibility, required loan amount, type of loan, tenure of repayment and other factors. Apart from the interest rate, borrowers will also be required to pay the Personal Loan Processing Fee of 3% to 5% of the loan amount, subject to a minimum of Rs. 1,500 + GST. Eligibility for Prefr Personal Loan: Availing of a personal loan from Prefr is easy. All salaried, as well as self-employed individuals aged above 22 years to 55 years at the time of loan closure, can apply for Prefr personal loan. The borrower must have a regular source of income to service loan repayment along with the interest component. The applicant has to provide information about their income and employment and also their bank account details for auto-debit of EMI payments. Age : 22 to 55 years at the time of loan completion Income : Salaried - Rs.18,000 above & for self employed Rs.20,000 above Prefr provides the following two types of loans for meeting your personal and professional needs: Term Loans for Self-Employed: This loan is offered to self-employed individuals with flexible tenure to help them grow their businesses. Personal Loan for Salaried: These loans are offered to salaried individuals for any personal requirements, including medical, home upgrade, wedding expenses, etc. The tenure for this loan ranges from 12 to 48 months. Prefr Personal Loan Documents Required To get a Prefr personal loan, you just need to do the following three things: Click a Selfie Upload your PAN Card KYC Proof - Aadhaar eKYC or CKYC Optional (required only in certain cases): Address proof, Bank statement & Business proof Voila you are done. How to Apply for Prefr Personal Loan? Following are three easy steps to get a Prefr personal loan: Provide information about your income and employment to check your loan offer in just 1 minute. Click a Selfie and upload your PAN and address proof in the app. Set up an auto debit on your bank account for easy EMI repayments. Diio Rewards Profit Related - Tracking Time: Within 48 Hours Missing Profit Tickets: Accepted Confirmation Time: 30 days Profit on App orders: Not Applicable Profit on Referral Earnings: Not Applicable