Prefr Coupon Code & Coupons. August 2025

Applying for a Loan with Prefr

Prefr simplifies the loan application process with its end-to-end digital platform. To get started, you simply need to download the Prefr app and create an account. The application journey is designed to be quick and intuitive, allowing you to enter your personal and financial details within a few minutes. You can apply from anywhere at any time, eliminating the need for physical branch visits and extensive paperwork.

Eligibility and Documentation

Prefr has minimal eligibility criteria, making loans accessible to a broad audience. Typically, you need to be an Indian citizen of a certain age with a stable source of income. The documentation is also streamlined, requiring just your PAN card, Aadhaar card for e-KYC, and bank statements for income verification. The digital submission of documents ensures that the verification process is fast and efficient.

Understanding Loan Offers

Once you submit your details, Prefr's advanced algorithm provides you with a personalized loan offer from their partner lenders. The offer includes the sanctioned loan amount, interest rate, and repayment tenure. This transparency allows you to carefully review the terms and conditions before accepting. The platform also provides an EMI calculator to help you understand your monthly repayment commitments.

Disbursal and Repayment

After you accept the loan offer, the funds are disbursed to your bank account very quickly, often within minutes. Prefr also makes repayment easy by setting up an automated EMI payment system from your linked bank account. This ensures you never miss a payment and can maintain a good credit history effortlessly. Timely repayment can also improve your chances for future loans with better terms.

How to Apply Prefr Coupon Code from CouponPin?

1. Download the Prefr app from the Google Play Store or Apple App Store.
2. Sign up for an account using your mobile number and complete the initial registration.
3. Enter your personal and financial details to check your eligibility for a loan.
4. During the loan application or before final disbursement, look for an option to apply a promo code.
5. Enter the specific Prefr promo code obtained from CouponPin.
6. The discount or offer will be automatically applied to your processing fees or loan terms.
7. Finalize the application and complete the digital agreement to receive the disbursed amount.

What kind of loans does Prefr offer?

Prefr primarily offers personal loans to both salaried and self-employed individuals. These loans are designed to meet a variety of needs, from managing unexpected expenses to funding personal goals like travel or home renovation.

Is a good credit score necessary to get a loan?

While a good credit score is helpful, Prefr's algorithm also considers other factors. The platform uses your banking data to generate personalized offers, making it possible for those with limited credit history to still get a loan.

How fast can I get the loan amount?

Once your application is approved and verified, the loan amount is typically disbursed to your bank account within minutes, sometimes up to two hours, depending on the lending partner.

Are there any hidden charges?

Prefr maintains a policy of full transparency. All applicable charges, including processing fees, are clearly communicated to you upfront before you finalize the loan agreement.

How do I check my loan eligibility?

You can easily check your eligibility by downloading the Prefr app and providing a few basic details. The system provides an instant, preliminary offer based on your profile without impacting your credit score.

What is the maximum loan amount I can get from Prefr?

The maximum loan amount you can get from Prefr is up to ₹5 Lakhs. The exact amount depends on your eligibility, credit profile, and the lending partner's criteria.

Do I need a CIBIL score to apply for a loan?

While a good CIBIL score is beneficial, Prefr's platform is designed to provide loan offers even to individuals with a limited or low credit history by analyzing other financial data.

What documents are required for a Prefr loan?

For a fully digital application, you'll generally need your PAN card, Aadhaar card for e-KYC, and bank statements for income verification. Business proof may be required for self-employed individuals.

How is the interest rate on my loan decided?

The interest rate is determined by various factors, including your creditworthiness, loan amount, and the repayment tenure. Prefr's technology ensures you get a competitive offer from its lending partners.

Can I repay my loan early?

Yes, Prefr generally allows for pre-payment or foreclosure of loans. However, specific charges and terms may apply depending on the lending partner and your loan agreement. It's best to check your loan documents for details.