This Super Adviser Agreement governs the relationship between BPB Financial Services Private Limited and independent individuals engaged as "Super Advisers" to source retail customers, junior DSAs and franchise leads for financial products distributed via the Loan4Bank Platform.
1. Appointment
The Company appoints the Adviser on a non-exclusive, principal-to-principal basis to introduce prospective customers for loan, insurance and investment products offered through the Platform. Nothing herein shall be construed to create an agency, employer-employee, partnership or joint-venture relationship.
2. Eligibility & Onboarding
The Adviser confirms he/she is an Indian resident, aged 18+, with a valid PAN and Aadhaar. NISM certification is preferred for investment-linked recommendations. The Company reserves the right to accept, reject, suspend or terminate onboarding at its sole discretion based on KYC, credit-bureau checks and reference verification.
3. Scope of Services
The Adviser shall (a) share Company-approved product literature and KFS; (b) capture prospect data via the Platform; (c) assist customers with document collection; (d) not disburse funds, underwrite risk or collect EMIs. All fulfilment is carried out by the licensed lending / insurance partner.
4. Commission & Payout
The Adviser earns a commission on successfully disbursed / issued products as per the commission schedule published in the Adviser PWA. Standard split: 60% of platform commission goes to the sourcing Adviser (subject to change with 30-day notice). Payouts are effected weekly via NEFT to the Adviser's registered bank account, net of TDS u/s 194H (5% currently) and applicable GST reverse-charge where relevant.
5. Code of Conduct
The Adviser shall (a) disclose he/she is not a lender/insurer; (b) never guarantee approval; (c) never accept cash from customers; (d) not mis-sell, coerce or resort to abusive collection practices; (e) comply with the RBI Fair Practice Code and the Company's Ethics Policy.
6. Confidentiality & Data Protection
The Adviser shall protect customer personal and financial data as required under the DPDP Act, 2023. Sharing of customer data outside the Platform is strictly prohibited and may attract civil / criminal liability.
7. Intellectual Property
All Loan4Bank trademarks, marketing collateral, AI outputs and Platform designs remain the sole property of the Company. The Adviser is granted a revocable, non-exclusive licence to use them solely for authorised business development.
8. Indemnity
The Adviser shall indemnify the Company for any loss, penalty or claim arising from (a) mis-selling, (b) breach of confidentiality, (c) violation of law, or (d) mis-representation to customers.
9. Term & Termination
Either party may terminate this Agreement with 30 days' written notice. The Company may terminate immediately in case of fraud, breach of the Code of Conduct, or regulatory action. Accrued commissions on already-disbursed products survive termination; pipeline leads do not.
10. Non-Solicit
For a period of 12 months post-termination, the Adviser shall not directly solicit customers first introduced to the Company through the Platform for any competing service.
Governing Law & Jurisdiction
This Adviser Agreement is governed by the laws of India. Subject to the arbitration clause below, the courts of Rajasthan, India shall have exclusive jurisdiction.
Dispute Resolution
Disputes not resolved through good-faith negotiation within 30 days shall be referred to arbitration by a sole arbitrator under the Arbitration and Conciliation Act, 1996. Seat: Rajasthan, India. Language: English.
Notices
All notices to the Company shall be sent to support@loan4bank.com. Notices to the Adviser shall be sent to the registered e-mail / address in the onboarding form.
Entire Agreement
This Agreement, together with any executed schedules and the Platform Terms of Service, constitutes the entire agreement between the parties, superseding all prior discussions.
Execution
Acceptance is effected electronically at the time of submitting the online Application Form and clicking the "I have read, understood and agreed" checkbox. Such e-consent is legally valid under Sec. 10A of the IT Act, 2000.