For non-customers, the Referral Fee, Additional Referral Fee, and Default Referral Fee are computed as follows:
Referral Fee, Additional Referral Fee, and Default Referral Fee are computed as follows:
- Referral Fee - (RCL during first disbursement date * 1.5%) = Referral Fee*
- Additional Referral Fee - (RCL during second disbursement date * 0.5%) = Additional Referral Fee*
- Default Referral Fee - PHP 10,000 if Referral Fee is < PHP 10,000*
*First Circle to shoulder withholding tax of 5%
For First Circle customers, incentives are in the form of a discount. Discounted Interest Rate is computed as follows:
- Client Referrer - Add-on Interest Rate (AOR) of loan offer - 0.25% (per successful referral) = Discounted Interest Rate
- Referred Contact - Add-on Interest Rate (AOR) of loan offer - 0.25% = Discounted Interest Rate
Application of discount:
The Discount is implemented during the following scenarios:
- Client Referrer receives a Discount on its next loan offer.
- Referred Contact receives a Discount on its current loan offer.