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FINANCIAL REWARD PROGRAMME

FINANCIAL REWARD PROGRAMME. Fee Criteria. Processing Fee/Member fee / Other Income Example: A Business loan has collected a processing fee of RM 3,800.00 Pay out of commission: Consultant will get = 3,800 x 31% = RM 1178 Referral will get = 3,800 x 10% = RM 380

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FINANCIAL REWARD PROGRAMME

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  1. FINANCIAL REWARD PROGRAMME

  2. Fee Criteria • Processing Fee/Member fee / Other Income • Example: A Business loan has collected a processing fee of RM 3,800.00 • Pay out of commission: • Consultant will get = 3,800 x 31% = RM 1178 • Referral will get = 3,800 x 10% = RM 380 • Referral up line will get = 3,800 x 3% = RM 114 • Consultant up line will get = 3,800 x 6% = RM 228

  3. Fee Criteria • Documentation Fee with cost • Example: A Business loan has collected a documentation fee of RM 3,600.00 • A cost for the documentation fee is RM 1,500 • Pay out of commission: • Consultant will get = (3,600-1500) X 31% = RM 651 • Referral will get = (3,600 – 1500) x 10% = RM 210 • Referral up line will get = (3,600 – 1500) x 3% = RM 63 • Consultant up line will get = ( 3,600 – 1500 ) x 6% = RM 126

  4. 2 : Consultation Fee • Example : • A business loan of 500k is approved (clean) , our consultation fee charges is 8% so the total charges = 500k x 8% = RM 40,000 • Pay out of commission: • Consultant will get = 26% = RM 10,400 • Referral will get = 10% = RM 4,000 • Referral up line will get = 3% = RM 1,200 • Consultant up line will get = 6% = RM 2,400 • Pool amount =5% = RM 2,000

  5. 3 : POOL In every case the consultation fee 5% will go to the pool. Pool is an accumulate fund that will be distributed to all the qualify members in average by the end of the year. To qualify for sharing the pool you need to have more points then 20,000 points* in the one year. Example : Total pool amount by the end of the year is RM 150,000 so will be share as * RM 1 income = 1 point

  6. How to qualify for overriding down line • Must have RM 150k loan approval only can qualify for over riding down line. • Example : • You ( B ) must have total loan approval of 150k or above then you (B ) will be entitled for overriding the down line. • You ( B ) will qualify for over riding “C” commission or any of your direct down line ( C,D,E etc ). If you “B” can’t qualify then “A” will over riding all down lines (C,D,E etc ) “A” direct over riding “C” if “B”can’t qualify E You ( B ) you can over riding all r direct down line for 1year from the date you qualify D

  7. How to qualify for Area Manager • If you(A) have 5 qualified (total loan approval of 150k or above ) direct down lines (B,C,D,E,F) then you(A) will be qualified for Area Manager, • For Area Manager he / she will get 5% extra commission in each case, (doesn't matter if he is a referral or consultant)

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