What if I don’t make the repayment on time?
It is very important to repay your credit on time to:
Avoid late payment charges
Maintain a good credit rating
Prevent suspension of the Prefr Pay Later facility
Please maintain an adequate balance in your account around the repayment date. Not paying your credit repayment amount on time could result in a negative impact on your CIBIL score and all other bureau scores.
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Why should I set up repayment?
Setting up auto-debit will immensely improve your Pay Later experience with Prefr. The key benefits of setting up repayments are: No more late payments It lets you set and forget. It reduces payment failures. It improves cash flow. It helps to ...
My Bank is not listed here, how do I proceed?
We generally cover most of the Government and Private banks in India, but if in the rare case you are not able to connect your bank account, you should reach out to wecare@prefr.com, so that we can assist you to set up your repayment. In such cases, ...
When will the amount be deducted from my bank account?
Every time you make a purchase using the Prefr Pay later option at the partner's checkout page, you will receive a time frame of 14days to repay your transaction amount.