Prefera Finance offers online loans ranging from $1,000 to $30,000, with flexible terms between 6 to 60 months. The application process is streamlined and quick, taking under five minutes to complete online. Upon approval, funds can be transferred to your bank account on the same day via e-Transfer. To be eligible, applicants must provide a government-issued ID, proof of income, and rent verification. An example of their loan terms includes a $5,000 loan over a 6-month term, which comes with a fee of $1,808, making the total repayment $6,808.
Prefera Finance review
Delving into the realm of finance, Prefera Finance emerges as a reliable platform for acquiring online loans. With a range that spans from $1,000 to a substantial $30,000, it caters to a variety of financial needs. The loan term is quite flexible, extending from a minimum of 6 months to a maximum of 60 months, allowing borrowers to plan their repayment schedule according to their convenience.
The borrowing process is streamlined and straightforward. It begins with the submission of an online application, a task that can be accomplished in less than five minutes. Once the application is approved, the funds swiftly make their way into the borrower’s bank account, potentially on the same day via e-Transfer. This quick and efficient process ensures that borrowers can access the funds they need without undue delay.
The conditions for securing a loan from Prefera Finance are reasonable and standard. Applicants must provide a government-issued ID, such as a driver’s license or Canadian passport. Additionally, proof of income is required, which can be demonstrated through documents like the latest pay stubs, the most recent T4, or a CPP statement. Lastly, rent verification, typically in the form of a lease agreement, is also necessary.
To provide a clearer picture of the repayment structure, consider this example: If you borrow $5,000 with a term of 6 months, your total payment would amount to $6,808, inclusive of a fee of $1,808. This transparent breakdown of repayments allows borrowers to understand their financial commitment fully before proceeding with the loan.
In conclusion, Prefera Finance offers a comprehensive loan service, with amounts up to $30,000, a simple application process, and clear terms and conditions. It’s a viable option for those seeking financial assistance, providing a blend of flexibility, convenience, and transparency.
Table of repayments
| Amount | Fee | Total payment | Term |
| $5.000 | $1 808 | $6 808 | 6 months |
If you will get the loan of $5.000 with the term of 6 months, your totally payment would be $6 808. The fee is $1 808.