Refer your friends for a My Finance Bazaar Loan
and earn up to 75,000 INR per successful disbursal!
|Disbursed Amount (in Rs)||Referral Rewards on Disbursal (in Rs)|
|30 Lakh - 50 Lakh||Reward of 9999|
|> 50 Lakh - 1 Crore||Reward of 25000|
|> 1 Crore - 2 Crore||Reward of 50000|
|> 2 Crore||Reward of 75000|
It is a Loan referral program under which in any person of India can refer their friends and acquaintances to My Finance Bazaar for getting Home Loan & Loan against Property from Multinational Banks and win exciting rewards.
A referral can be made for customers who do not have mortgage relationships with MFB. Customer with existing mortgage relationships will not be eligible referral under the program. Participants cannot refer themselves, their spouse, father, mother, siblings and children under the Program. Applications already under process with MFB, where no referral reference number has been generated upfront are not eligible for any benefits under this Program. No reward shall be due on such loan referrals.
The Referrer has to refer their friends through the online referral form only. The online referral form asks the prospect’s details (Name/Mobile/Email) and the referrer details (Name /City /Mobile /Email/Existing MFB relationship).
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 reward payout, as directed, will be given in form of an account payable instrument within 2 month from the date of loan disbursal subject to submission of copy of PAN and other required details by the referrer.
As per Section 194H of the Income Tax Act, the tax will need to be deducted at source by MFB, and remitted to the tax authorities. Hence, we cannot do a wire transfer for the entire amount.
There is no limit to the number of referrals that a participant to the Program can make under the MFB Refer & Earn Program.
Once referrer submits the referral form with all the details required, automated emails and SMS are sent to both the referrer and all his referees.
There is a chance that the referral mail might be present in the Spam/Junk/Promotions folders of the referee’s mailbox. If the referee still has not received the referral email, kindly write to MFB customer care.