Auto-Debit

Auto-Debit
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.
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 ...
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, ...
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 ...

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Reach out to Prefr Team
Not able to find answers? No problem, reach out to our team and we will help you in under 24hrs. ✉️ wecare@prefr.com ? (040) 40124545
What is the minimum eligibility to qualify for the Prefr Pay Later Program?
Eligibility is calculated based on the average monthly business with the Anchor. Further, all the eligible merchants should meet the below minimum criteria to be considered for PayLater. Age in case of individuals Minimum 22 years at the time of ...
What is the maximum credit limit I can get?
With Prefr Pay Later, you can get a maximum credit limit of up to ₹2,00,000
My Aadhar is not linked to my mobile number, can I still apply?
It is a necessity to have your mobile number linked to your Aadhaar Card. To link your Aadhaar with your phone number, you will have to visit your service provider’s outlet. Follow the process mentioned below to link your Aadhaar with your mobile ...

Auto-Debit | Knowledge Base