For non-customer referrers, they can get an incentive on the first and second disbursement of their referred contact.
Referral Fee, Additional Referral Fee, and Default Referral Fee are computed as follows:
- Referral Fee - (Revolving Credit Line during first disbursement date * 1.5%) = Referral Fee*
- Additional Referral Fee - (Revolving Credit Line 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, the discount is only given once to you and your referred contact.
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