Which statuses in the home loan referral process are rewarded?
As a part of the home loan referral program, we recognize and reward key milestones throughout the application process. These milestones signify the progress of your referral's application and are rewarded as follows:
Passed Pre-assessment: Upon passing the pre-assessment stage, you will be rewarded with 500 LeadCoins. This stage indicates that the applicant has met the initial criteria for loan eligibility and is a significant first step in the loan application journey.
Completing Application: Once your referral has completed the application, including the unified bank form, you will be rewarded with 1,000 LeadCoins.
Endorsed to Banks: When your referral's application is reviewed and subsequently endorsed by our consultants to our partner banks, you will receive additional 1,500 LeadCoins. This endorsement is a crucial phase where the application is deemed strong enough for consideration by our banking partners.
Application Closed: The most significant milestone is when your referral's loan application is successfully approved and the loan is disbursed by the lending bank. At this stage, you will receive a rewarding incentive of 0.25% of the total approved loan amount, acknowledging your key role in guiding the applicant to successful loan approval.
These milestones are not only pivotal stages in the home loan application process but also opportunities for you to earn tangible rewards in recognition of your efforts and contributions to the successful navigation of the loan application process.
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