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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 Type Referral Scheme Referral Amount (Per Case)
    Personal Loan / Business Loan / Doctor Loan / Professional Loan ₹ 12 Lakh and above ₹ 5,000
    ₹ 8 Lakh - less than ₹ 12 Lakh ₹ 3,000
    ₹ 6 Lakh - less than ₹ 8 Lakh ₹ 2,000
    ₹ 3 Lakh - less than ₹ 6 Lakh ₹ 1,000
    Less than ₹ 3 Lakh ₹ 500
    Home Loan / Loan Against Property ₹ 1 Cr and above ₹ 10,000
    ₹ 75 Lakh - less than ₹ 1 Cr ₹ 6,000
    ₹ 50 Lakh - less than ₹ 75 Lakh ₹ 4,000
    ₹ 35 Lakh - less than ₹ 50 Lakh ₹ 2,000
    ₹ 20 Lakh - less than ₹ 35 Lakh ₹ 1,000
    Less than ₹ 20 Lakh ₹ 500
    Gold Loan ₹ 10 Lakh and above ₹ 2,500
    ₹ 6 Lakh - less than ₹ 10 Lakh ₹ 2,000
    ₹ 3 Lakh - less than ₹ 6 Lakh ₹ 1,000
    Less than ₹ 3 Lakh ₹ 500
    Fixed Deposit Any amount ₹ 500
  • 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 are digitally integrated with most leading bank and finance companies in India offer a wide choice of online financial products to suit customer’s needs. We serve over 1,200 locations in India.
  • Every day, almost 100,000 people visit MyLoanCare for their financial needs.

Benefits of becoming a MyLoanCare Referral Partner

  • Attractive commission for loans disbursed to your referred customers
  • All products in one place – personal loans, home loans, business loan, loan against property, gold loan, auto loan, fixed deposits
  • Online system to refer and track leads
  • Monthly payment of commission by NEFT in your account

How to become a MyloanCare Referral Partner

  • Simply download the MLC Partner App and you are ready to start business

Who can register as a Referral Partner with MyLoanCare

  • Corporate employees, homemakers and individuals
  • Professionals like CA’s, CS’s, lawyers
  • Insurance agents, wealth managers, mutual fund agents
  • Financial advisors
  • Real estate brokers, agents and advisors

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?

You simply need to share a lead either by filling in basic customer details or by generating referral links from the app and sharing them over social media. From thereon, our online process takes over. That’s it!

Each lead is tracked in MyLoanCare CRM and its live status can be viewed by you in the app itself.

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 ₹ 15,00,000 ₹ 25,000
Personal Loan ₹ 2,00,000 ₹ 30,000
Loan Against Property ₹ 15,00,000 ₹ 25,000
Business Loan ₹ 2,00,000 ₹ 30,000
Gold Loan ₹ 1,00,000 N.A.