For customers to be eligible to get a reward, the referred loan should be booked and
disbursed within 3 months from the date of booking. If the loan is not disbursed
within 3 months from the date of booking, the referrer will not be eligible for the
payout.
The payment will be made by wire transfer to the customer’s bank account.
The reward is subject to tax deduction under Section 194H of the Income Tax Act. PAN number is mandatory to be quoted.
DISBURSED AMOUNT (in Rs.)^ |
REFERRAL REWARDS ON DISBURSAL* |
30 Lakh - 50 Lakh |
Reward of Rs.9999 |
50 Lakhs - 1 Crore |
Reward of Rs.25,000 |
>1 Crore - 2 Crores |
Reward of Rs.50,000 |
>2 Crores |
Reward of Rs.75,000 |
^Incase of under construction properties, the referral will qualify for payout calculated
on the basis of the entire sanctioned loan amount post first tranche disbursal, provided
the same is done during the approved time period.
*Subject to tax deduction at source under Section 194H of the Income Tax Act. The
reward payouts are subject to the Income Tax, Service Tax, and other laws and regulations
applicable at the time of calculations and making of the payments.