In this paper, we study interval-valued fuzzy probabilistic rough sets (IVF-PRSs) based on multiple interval-valued fuzzy preference relations (IVFPRs) and consistency matrices, i.e., the multi-granulation interval-valued fuzzy preference relation probabilistic rough sets (MG-IVFPR-PRSs). First, in the proposed study, we convert IVFPRs into fuzzy preference relations (FPRs), and then construct the consistency matrix, the collective consistency matrix, the weighted collective preference relations, and the group collective preference relation (GCPR). Using this GCPR, four types of MG-IVFPR-PRSs are founded in terms of different constraints on parameter. Finally, to find a suitable way of explaining and determining these parameters in each model, three-way decisions are studied based on Bayesian minimum-risk procedure, i.e., the multi-granulation interval-valued fuzzy preference relation decision-theoretic rough set approach. An example is included to show the feasibility and potential of the theoretic results obtained.