What is this about?
We are rewarding agent partners who successfully referred a home loan to PropertyGuru Finance with a higher bank commission rate of 0.17% (up from 0.15%).
When is this happening?
This promotion is available from 7 August – 26 September 2023.
Who can participate?
All agent partners who referred a home loan successfully to PropertyGuru Finance are eligible for the promotion.
How do I refer a home loan to enjoy this promotion?
You may submit an enquiry to our Mortgage Specialist here.
What is defined as a successful home loan referral?
A successful referral is defined as when the home loan applicant has accepted the bank’s Letter of Offer. For more details of PropertyGuru Finance’s Home Loan Referral Programme, visit here.
How is my commission calculated?
From 28 Sep 2023, the price of Ad Credits will be revised to $0.80/unit (before 8% GST) which will impact the calculation of your Ad Credits commission. Please see below for changes in the calculation of your commission.
If your client takes a home loan of S$1,000,000 and your bank referral commission is 0.17% (during promo period) - you will earn S$1,700 in commissions and rewards (including GST).
Loans accepted within campaign period (7 Aug - 26 Sep)
You'll receive the following:
In Cash: S$1,416.67 (90% of the commission)
In Ad Credits (rounded up): 378 (Valued at S$283.33 based on $0.75/credit - 10% of the commission + 8% GST)
Partner360 Rewards: 43 points
If your client takes a home loan of S$1,000,000 and your bank referral commission is 0.15% (after promo period) - you will earn S$1,500 in commissions and rewards (including GST).
Loans accepted after campaign period (27 - 28 Sep)
You'll receive the following:
In Cash: S$1,250 (90% of the commission)
In Ad Credits (rounded up): 333 (Valued at S$250 based on $0.75/credit - 10% of the commission + 8% GST)
Partner360 Rewards: 38 points
Loans accepted after campaign period (on / after 29 Sep)
You'll receive the following:
In Cash: S$1,416.67 (90% of the commission)
In Ad Credits (rounded up): 313 (Valued at S$250 based on $0.80/credit - 10% of the commission + 8% GST)
Partner360 Rewards: 38 points
How many times can I enjoy this promotion?
All successful home loan applications within the period of 7 Aug – 26 Sep are eligible for the promotion. Each time a loan is approved, you're entitled to the promotion (no cap on the number of approved loans).
How will I receive my commission?
You will receive your 90% cash commission via bank transfer and your Ad Credits rewards will be issued into your AgentNet account within 5 working days after the bank processes their referral fee, which usually takes between 3 to 6 weeks.