Programme overview
Every registered Loan4Bank customer gets a unique referral link. When a friend uses your link to sign up and completes their first eligible transaction (loan / insurance / investment / credit card), both you and your friend receive a reward, credited to your Loan4Bank wallet within T+7 working days.
Reward slabs
- Personal / business loan disbursed: ₹1,500 (referrer) + ₹500 (referee)
- Home loan disbursed: ₹5,000 (referrer) + ₹1,000 (referee)
- Term insurance issued: ₹750 (referrer) + ₹250 (referee)
- Credit card approved & activated: ₹500 (referrer) + ₹200 (referee)
- Mutual-fund SIP started (min ₹1,000/mo, 6 months live): ₹300 (referrer) + ₹150 (referee)
Eligibility
Both referrer and referee must be Indian residents aged 18+ with a valid PAN. The referee must be a new customer (never before registered on Loan4Bank). Employees, franchise partners, DSAs and their immediate family are not eligible for the retail Refer & Earn programme (they earn commission under a separate agreement instead).
Fraud prevention
Self-referrals, referrals from the same device / IP / phone / bank account, and any other attempt to game the programme will result in immediate reward forfeiture and account suspension. Loan4Bank reserves the right to conduct additional KYC and fraud checks before releasing rewards.
TDS & taxes
Rewards above ₹20,000 in a financial year attract 30% TDS under Sec. 194R of the Income-tax Act, 1961 (post 2022 amendment). Loan4Bank will deduct TDS and issue Form 26AS credit accordingly.
Programme changes
Reward slabs, eligibility criteria and programme terms can change without prior notice. The version live on this page at the time of the qualifying transaction applies to that reward.