The transient dynamics of photocurrents for poly((4-diphenylamino)benzyl acrylate) (PDAA)-based photorefractive (PR) polymers sensitized with perylene bisimide derivative N,N′-diisopropylphenyl-1,6,7,12-tetrachloroperylene-3,4,9,10-tetracarboxyl bisimide (PBI) at various composition ratios were studied. The PR polymer included (4-(diphenylamino)phenyl)methanol (TPAOH) photoconductive plasticizer and (4-(azepan-1-yl)-benzylidene) malononitrile nonlinear optical dye as well, which are needed for inducing PR effects. All the photocurrents measured at 640 nm were well simulated by a two-trapping site model considering photocarrier generation and recombination processes of the charge transfer (CT) complex between PBI and PDAA. The process of photocurrent simulation allowed for analyses of the dependences of hole mobility, quantum efficiency (QE) of photocarrier generation, trapping parameters, and recombination coefficient on the PDAA/TPAOH content. Finally, the PDAA content dependences of the trapping and recombination properties were compared with those of the PR parameters of the optical diffraction efficiency, optical gain, and response time.