Loan Referral Program Policy
Loan Policy (Applied through Finraise)
At Finraise, we are committed to providing a transparent and rewarding experience for our users when applying for loans. Our policy outlines the details of our rewards and compensation for loan applications:
Approved Loan Rewards: Users who successfully apply for a loan through Finraise may be eligible for a reward of 1% of the approved loan amount. This reward is a token of our appreciation for choosing our platform.
Referral Bonus for Loan: We encourage our users to refer their friends and family to apply for loans through Finraise. As a gesture of gratitude, we offer referral bonuses of 0.25% of the approved loan amount for each successful loan application referred by you.
This compensation is subject to specific conditions, including:
- Minimum CIBIL Score of 720.
- One must have original PAN Card, and identity and address proof.
- Must have prior experience proof of at least 1 year.
- Current employment with a minimum monthly salary of 40,000/- in last 6 months.
- Salary must be transferred via NEFT only.
- The applicant’s current employer should have a proven track record of at least 3 years.
- No history of written-off loans or credit cards.
- No current outstanding debts (Loans or Credit Cards).
- Loan or Credit Cards EMI payments should not exceed 40% of the monthly salary.
- Residence in cities as specified by the pin codes of the respective banks.
- Applicants within the age range 22 – 55.
Additional Considerations:
- Finraise retains the right to modify or terminate these rewards and compensation policies at its discretion.
- These policies are subject to the terms and conditions of the financial institutions offering the loans.
- Users must meet the eligibility criteria specified by the financial institutions to qualify for these rewards and compensation.
- Users are responsible for providing accurate and up-to-date information during the application process.
Our objective is to simplify the loan application process while providing tangible benefits to our users. We are dedicated to ensuring that your experience with Finraise is both rewarding and secure. Your financial goals are important to us, and we are here to support you every step of the way.
