Loan Offer

Loan Offer
What if I don’t use my credit limit in the given tenure?
Don’t worry, we’ll only auto-debit the amount that you’ve transacted. If you still have remaining credit with you at the end of the tenure, you won’t be charged or asked for repayment for that amount.
Can I request more credit limits?
If your repayments are always on schedule, we will provide you with additional credits to make sure you’re comfortably able to purchase goods at our partner store
Will this money be directly deposited into my bank account?
No, the amount won’t be credited to your bank account. The credit approved to you would be available to you at the time of purchase at the partner’s checkout screen/page You will be able to see the maximum credit amount, the amount used, and ...
What do you mean by the rate of interest?
The Rate of Interest is the interest charged to you on every transaction. The ROI is auto-calculated on your repayment amount and deducted from your bank account.
What does the maximum credit limit mean?
It’s an approved credit limit provided to you with which you can purchase goods at the partner’s app

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Is Pay Later the Same as a Loan?
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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 ...

Loan Offer | Knowledge Base