Channel Partners
Borrower Commission Structure
| S.No | Type | Description | Amount |
|---|---|---|---|
| 1. | Agent Commission | Commission paid to the Agent on his/her reference borrower loan amount converted and disbursed in a given month | 0.75% of the Loan Amount |
Payment terms and conditions:
- % Basic Pay is calculated between 1st and 31st of a given month and an Agent incentive will be paid at monthly interval
- The benefits are not for borrower but just for Agents who get on-board borrowers and convert their first loans and post disbursal
- Only First converted loan and disbursed amount for a new borrower is considered for Agent Commission or Bonus
- Agent to be duly on boarded and registered with Financepeer Operations Team to be eligible for any commission or bonus payments
- The Service is non-transferable, Non-refundable, and Non-Salable to any third party.
- Taxes/Duties/Government Levies, as per prevailing government rules, will be charged extra as applicable to the service provider’s account
- The Company will not pay any service charge/tax on any fees given to Agents
- The prices shared with the Company is exclusive and confidential; it should not be shared or communicated with any third party
- All payments will be released within 7 working days of the date of receipt of invoice. Invoice shall be raised every month on the 3rd working day
Channel Partner Commission and Bonus Structure
| S.No | Transaction Slabs per month basis | Commission % of Loan amount disbursed |
|---|---|---|
| 1 | Upto 10 Lakhs | 1% |
| 2 | > Rs.10 Lakhs and < Rs. 30 Lakhs | 1.25% |
| 3 | > Rs.30 Lakhs and < Rs. 50 Lakhs | 1.5% |
| 4 | > Rs.50 Lakhs and < Rs. 75 Lakhs | 1.75% |
| 5 | > Rs.75 Lakhs and < Rs. 1 Crore | 2% |
| 6 | > Rs.1 Crore and < Rs. 1.5 Crores | 2.25 |
| 7 | > Rs.1.5 Crores and < Rs. 2 Crores | 2.5% |
| 8 | > Rs.2 Crores and < Rs. 2.5 Crores | 2.75% |
| 9 | > Rs.2.5 Crores and above | 3% |
Quantity Based Bonus
| S.No | Transaction Slabs per month basis | Bonus |
|---|---|---|
| 1 | 10 Lenders of atleast 20k | INR. 2,000 |
| 2 | 10 Lenders of atleast 30k | INR. 3,000 |
| 3 | 10 Lenders of atleast 50k | INR. 5,000 |
| 4 | 5 Lenders of atleast 1 Lakh | INR. 5,000 |
| 5 | 10 Lenders of atleast 1 Lakh | INR. 10,000 |
| 6 | 5 Lenders of atleast 5 Lakh | INR. 25,000 |
| 7 | 10 Lenders of atleast 5 Lakh | INR. 50,000 |
| 8 | 3 Lenders of atleast 10 Lakhs | INR. 30,000 |
| 9 | 1 Lender of atleast 10 Lakhs | INR. 10,000 |
Transaction Based Bonus
| S.No | Transaction Slabs | Bonus |
|---|---|---|
| 1 | Minimum of 5 Lakhs for 3 consecutive months | INR. 10,000 |
| 2 | Minimum of 10 Lakhs for 3 consecutive months | INR. 20,000 |
| 3 | Minimum of 15 Lakhs for 3 consecutive month | INR. 30,000 |
| 4 | Minimum of 20 Lakhs for 3 consecutive month | INR. 40,000 |
| 5 | Minimum of 25 Lakhs for 3 consecutive month | INR. 50,000 |
| 6 | Minimum of 30 Lakhs for 3 consecutive month | INR. 60,000 |
| Summary | Commission % of Loan amount disbursed |
|---|---|
| Maximum Commision a channel partner can earn in a month | 3% |
| Referral commission* | 0.25% |
| Total Commission can be earned in a month | 3.25% |
Additional Bonus
In addition to this, Channel partners generating transactions of atleast Rs.1cr per month are eligible for a foreign trip with flight charges borne by the company
Referral
A channel partner can refer a new channel partner/DSA and earn a referral bonus of 0.25% on the transactions made by the referral
Payment terms and conditions:
- % Basic Pay is calculated between 1st and 31st of a given month and an Agent incentive will be paid at monthly interval
- The benefits are not for lender but just for agents who get on-board lenders and convert their first investment into loans and disbursed
- Only deposited lending amount into the Company’s nodal/escrow account which is converted into loans and disbursed from a lender is considered for Agent Commission or Bonus
- An Agent can appoint and be a parent agent to multiple sub-Agents on obtaining a written consent from the Company.
- A parent agent can claim Sub-Agent Effect Benefit on all his/her sub-agents
- One Sub-Agent should have only One – Parent Agent
- Agent and Sub-Agents to be duly on boarded and registered with Financepeer Operations Team to be eligible for any commission or bonus payments
- The service is non-transferable, Non-refundable, and Non-Salable to any third party.
- Taxes/Duties/Government Levies, as per prevailing government rules, will be charged extra as applicable to the service provider’s account.
- The Company will not pay any service charge/tax on any fees given to Agents.
- The prices shared with the Company are exclusive and confidential; it should not be shared or communicated with any third party.
- All payments will be released within 7 working days of the date of receipt of invoice. Invoice shall be raised every month on the 3rd working Day.
Terms and conditions - Lender Partner
- % Basic Pay is calculated between 1st and 31st of a given month and an Agent incentive will be paid at monthly interval
- The benefits are not for lender but just for agents who get on-board lenders and convert their first investment into loans and disbursed
- Only deposited lending amount into the Company’s nodal/escrow account which is converted into loans and disbursed from a lender is considered for Agent Commission or Bonus
- An Agent can appoint and be a parent agent to multiple sub-Agents on obtaining a written consent from the Company.
- A parent agent can claim Sub-Agent Effect Benefit on all his/her sub-agents
- One Sub-Agent should have only One – Parent Agent
- Agent and Sub-Agents to be duly on boarded and registered with Financepeer Operations Team to be eligible for any commission or bonus payments
- The service is non-transferable, Non-refundable, and Non-Salable to any third party.
- Taxes/Duties/Government Levies, as per prevailing government rules, will be charged extra as applicable to the service provider’s account.
- The Company will not pay any service charge/tax on any fees given to Agents.
- The prices shared with the Company are exclusive and confidential; it should not be shared or communicated with any third party.
- All payments will be released within 7 working days of the date of receipt of invoice. Invoice shall be raised every month on the 3rd working Day.
Terms and conditions - Borrower Partner
- % Basic Pay is calculated between 1st and 31st of a given month and an Agent incentive will be paid at monthly interval
- The benefits are not for borrower but just for Agents who get on-board borrowers and convert their first loans and post disbursal
- Only First converted loan and disbursed amount for a new borrower is considered for Agent Commission or Bonus
- Agent to be duly on boarded and registered with Financepeer Operations Team to be eligible for any commission or bonus payments
- The Service is non-transferable, Non-refundable, and Non-Salable to any third party.
- Taxes/Duties/Government Levies, as per prevailing government rules, will be charged extra as applicable to the service provider’s account
- The Company will not pay any service charge/tax on any fees given to Agents
- The prices shared with the Company is exclusive and confidential; it should not be shared or communicated with any third party
- All payments will be released within 7 working days of the date of receipt of invoice. Invoice shall be raised every month on the 3rd working day