Become a MyLoanCare Referral Partner

Earn handsome incentive by referring customers

  • Here’s an opportunity for professionals, consultants and freelancers to expand their scope of services and earn additional income by referring loan customers.
    Loan Monthly Slab
    Personal Loan Upto Rs. 50 lac - 0.75%; above Rs. 50 lac - 1.0%
    Business Loan Upto Rs. 50 lac - 0.75%; above Rs. 50 lac - 1.0%
    Loan Against Property Upto Rs. 1 cr - 0.3%; above Rs. 1 cr - 0.5%
    Gold Loan Upto Rs. 1 cr - 0.2%; above Rs. 1 cr - 0.3%
    Home Loan Upto Rs. 1 cr - 0.2%; above Rs. 1 cr - 0.25%
  • MyLoanCare delivers best conversion rates in the industry and hence helps you to not only meet your customer expectations but also earn highest incentives.
  • MyLoanCare is India’s fastest growing and most trusted loans marketplace. We help people make their financial decisions with ease and confidence using our computerized algorithms and deep understanding of borrowers needs. We use cutting-edge to match borrowers with most suitable lenders and help people avail loans at affordable EMI’s. Most leading bank and finance companies are empanelled with MyLoanCare and thus we offer a wide range of products to suit each customer’s needs. We have disbursed loans in over 300 cities in India.

Benefits of becoming a MyLoanCare Referral Partner

  • Attractive commission for loans disbursed to your referred customers
  • All loan products in one place – personal loans, home loans, business loan, loan against property, gold loan, auto loan
  • Wide choice of banks and NBFC’s and computerized algorithm based matching of customers to most suitable loans from banks and NBFC’s
  • Professional loan advisors to assist your customers at every step; no false commitments
  • Online system to refer and track leads
  • Promote yourself as a "MyLoanCare Partner"
  • Monthly payment of commission by NEFT in your account

How to become a MyloanCare Referral Partner

  • Enrollment is an easy two step online process. Simply fill the online IFA enrolment form send the documents to and you are ready to start business post verification
  • Verification typically takes 3-7 days and is a one-time process

Who can register as a Referral Partner with MyLoanCare

  • Professionals like CA’s, CS’s, lawyers
  • Insurance agents, wealth managers, mutual fund agents
  • Financial advisors
  • Real estate brokers, agents and advisors
  • Others who can refer

To be eligible, the person must be a resident Indian citizen at least 18 years of age and hold a valid PAN and address proof. Employees of banks, finance companies and their dependents/ family members are not eligible to become referral partners under the scheme.

What would happen to the leads referred by you?

Each non duplicate and eligible lead would be assigned to a qualified loan officer at MyLoanCare who would discuss the loan requirement with the client. Based on the client's requirement, the MyLoanCare officer will run computerized algorithms to check policies of various banks and suggest options available to the client. Then the loan officer would coordinate between the respective bank and the client for completing loan application. Customer would be serviced either online or at his/ her doorstep by MyLoanCare or its bank partner or it agent. Each lead will be tracked in MyLoanCare CRM and its live status can be viewed by you in the MyLoanCare partner login area.

What commission will you get for referring leads?

You would be eligible to receive referral fee or commission from MyLoanCare for each disbursed loan against your lead as per slabs applicable from time to time.

Key terms and conditions:

  • Commission is payable on disbursed loans for disbursed amount only.
  • No commission is payable for duplicate or ineligible leads.
  • Commission is payable within 60 days of end of the month in which the loan is disbursed.
  • All payments are subject to tax deduction at source.
  • Commission is inclusive of GST.
  • No other fee or expenses are payable.

Lead eligibility criteria

Loan Type Min Loan Amount Minimum Salary
Home Loan 1,500,000 25,000
Personal Loan 2,00,000 30,000
Loan Against Property 1,500,000 25,000
Business Loan 2,00,000 30,000
Gold Loan 1,00,000 N.A.
Enroll As Partner
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More