Benefits:
Loan of up to 5 Lakh for - Salaried Self Employed
Zero Paperwork
Instant Loan Approval
Same Day Disbursal
Whom to sell?
1. Available for both salaried and self employed
2. Minimum Monthly Income:
(a) Salaried: ₹18,000 (in metro cities), ₹15,000 (in Tier 2 cities)
(b) Self Employed: ₹20,000
3. Age: 22-55 years
4. Cibil Score: Above 725
5. Available in limited location
How it works?
1. Watch the training video.
2. Share the link with everyone in your network (friends/customers).
3. A customer clicks on the shared link, which redirects them to the personalized page where they enter their personal details.
4. Customers will be redirected to the official website of Prefr, click on Apply now.
5. Login with Mobile number.
6. Provide basic details as per PAN and Aadhaar Card. Salaried Employee to fill net monthly salary received in bank account and self-employed to enter the monthly profit amount.
7. Provide PAN. Pincode and Email ID and click on 'Get Offer".
8. An OTP will be sent for Credit History verification. Customers should complete all steps till here in one single journey.
9. The eligible loan amount, interest rate and processing fee will be shown to the customer. Select the loan amount and repayment tenure.
10. Click on 'Confirm and Proceed',
11. Provide additional information and complete KYC via Digilocker and Driving License.
12. Enter Bank account details and set up auto payment. Accept the loan agreement.
13. Loan amount will be disbursed into the given bank account.
Terms & Conditions
DOS
1. Share "Best Loan Offer" link with customers to find their loan eligibility.
2. Follow up with customers to complete KYC and upload required documents.
3. For app based loans, complete the process on the customer's device by using your shared link only.
4. Select "Self Employed category, if the customer does not receive salary in a bank account.
5. Check the pincode according to the customer's Current Address proof.
6. Use the "My Customer" section to check loan status and remind them to complete the process.
DON'TS
1. Don't provide any incorrect/false information like customer name, address, mobile number, PAN in the loan application.
2. Don't edit or modify any documents for the loan application.
3. Identify yourself as Partner and not brand/company employee/agent
4. Never promise loan amount, interest rate or processing fee upfront to the customers. The customer should always verify all the details on the brand's page or application.
ETIQUETTES
1. Identify yourself as a Partner talking on behalf of the lender.
2. Request customer's permission to proceed with the call. If denied permission, apologize and politely disconnect.
3. Contact customers only during the office hours between 9:30 AM to 7:00 PM.
4. Don't argue or misbehave with the customer.
5. Always keep the conversation limited to business matters.
6. Always thank the customer for his/her time.
Other T&Cs
1. Partner should always strictly comply with all the applicable laws, rules, regulations and government guidelines.
2. If the partner suppresses any information or gets involved in any fraudulent activity, then they will be liable for the losses and their account and earnings shall be blocked/freezed.
3. Partner should not accept any payment or give any incentive to the customer.
4. Partner is expected not to make false promises, or provide wrong and misleading information to the customer; if done so, they shall be held responsible for any claim arising due to it
5. Partner is expected not to indulge in any malpractices including but not limited to sharing his ID with. others, sub contracting his work, using his own number instead of customer's, not taking consent of customer while processing application, mis-selling and not clearly explaining the details of loan being offered.
6. In case, 1st 3 EMIs are not recovered from the customer, the payout shall be recovered, and your account might be blocked.
7. The foreclosure charge for a Prefr personal loan is 5% of the outstanding principal amount