Preferred Wallet is a digital mobile app for people to borrow money and get the cash transferred to their bank accounts. The app offers fast and secure online payments to its users. It is India’s first and only online lending mobile app that provides loans without any credit history required. The loan amount can range from Rs 50,000 to Rs 500,000, and the interest rate can be as high as 35% per annum.

Preferred Wallet provides an online loan experience to its users with no paperwork or hassle. It provides loan payments through digital banking and payment apps like Paytm, Freecharge, and UPI.