|Business Loan Components||Details|
|Loan Amount||Rs 10,000 to Rs 3 lakh|
|Loan Tenure||6 months to 36 months|
|Rate of Interest||18% to 36%|
|Processing Fee||3% to 5% + GST (Minimum Rs 1,500)|
|Foreclosure Charges||5% of Principal Outstanding|
|Overdue Penalty||3% per month overdue EMI, pro-rated for the number of days of overdue|
Step 1: After successfully login in Prefr mobile application, you can check your loan eligibility within a minute by providing information of your income and employment.
Step 2: Subsequent to receiving the loan offer from Prefr, you can upload the required documents in the application which includes a clear selfie, PAN and a proof of address.
Step 3: Following this, you will be directed to set up a repayment facility in which a bank account number is required to facilitate auto-debits to oblige the EMIs.
All the business loan customers can contact Prefr through the designated customer care number: 040-48521334 and email: firstname.lastname@example.org for all the queries, complaints, feedback or suggestions with regard to Prefr Business Loan.
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Get Kotak Mahindra Bank Business Loan up to Rs. 2 Crore online at interest rate starting from 16% p.a.
The minimum income requirement is subjective and can vary depending on the nature of business.
Yes. Prefr analyses customer’s banking transactional data to provide a business loan offer.
Following successful verification of documents and bank account details furnished by the customer, Prefr disburses the business loan within 2 hours.
No. Prefr doesn’t asks for any kind of security deposit to extend a business loan.