1. The Customer Referral Programme is open to all existing or new Customers.
2. The Customer who refers a prospective customer/s to the mantra4money is hereinafter referred to as Referrer and such prospective customer/s is referred as Referrals.
3. Under this Programme, customers can refer any person who wants to avail of a Personal Loan, Home Loan, Business Loan, Loan Against Property, Credit Card, and Working Capital Loans.
4. If a Referral is received with respect to an application which is already under process with mantra4money before such referral reference has been received, such referral will not be eligible for this Programme.
5. If more than one Referrer recommends the same prospective customer, the first one to make the Referral will be entitled to the Reward. In the event of a dispute, the decision of the mantra4money shall be final and binding on the Referrer.
6. There is no limit on the number of Referrals that a Referrer can make under this Programme.
7. All loans are at the sole and absolute discretion of the numerous banks and credit institutions.
8. Mantra4money reserves the right, at any time to modify / amend/ withdraw, wholly or in part, any of the terms and conditions of this Programme without prior notice and without assigning any reason thereof and the same shall be binding on the Referrer at all times.
9. For making a successful referral, a Referrer is required to use the online referral form and incorporate the details of the Referral as required in such Referral Form.
10. These terms and conditions shall be governed by the Indian Laws. All disputes arising under this Programme shall be subject to the exclusive jurisdiction of courts.
11. The Loan is required to be disbursed within three (3) months from the date of reception of the online Referral for the Referrer to be eligible for the Reward.
12. In case of successful disbursal for under construction mortgage loans, full loan amount will be considered for Reward calculation and the Reward will be credited after disbursal of first tranche of the Loan to the Referral/borrower. For all other Loans, mantra4money will calculate the Reward based upon the amount of actual disbursals done.
13. The Reward will be credited within three (3) months of disbursal of a Loan.
14. Any tax (Service tax, income tax etc) implications arising out of or on receipt of the Reward to be borne by the Referrer.
15. On a successful disbursal of a Loan to a Referral, the Reward will be credited into his Bank account which is attached with us. In other cases, the Referrer is required to provide the savings bank account details for the Reward to be credited into such bank account.
16. The Referrer will be responsible for the accuracy of the information provided to the Bank.
17. The Referrer is required to provide the "acceptance" to the Reward and submit the required details for the Invoice within 1 month of the Bank communicating about the successful Referral.
18. Mantra4money will not process any Reward without the required Permanent Account Number details of the Referrer.
19. All Rewards are subject to the completeness and authenticity of information provided in the Referral Form by the Referrer.
20. In the event it is found that the Referrer has violated any of these terms and conditions of the Programme and/or engaged in any illegal or wrongful acts under applicable laws and regulations for generating successful disbursal, then mantra4money shall be at liberty to initiate such action as it may deem fit.

Additional Undertakings from the Referrer

1. The Referrer undertakes that he/she has obtained the consent to refer and share the Referral's contact details under this Programme.
2. The Referrer agrees and undertakes that he/she shall be solely responsible for any losses or claims that may be occasioned by the Bank, in the event the above declaration and undertaking is found to be false or incorrect.
3. The Referrer undertakes that he/she shall not refer any person/s who are not known to him/her.
4. The Referrer understands and agrees that the mantra4money will contact the Referral under this Programme.
5. This will override any Do Not Disturb (DND) registry or National Customer Preference Register (NCPR) that the Referral may have registered for.
6. By participating in this Programme, the Referrer represents that he/she is authorized and competent to refer the Referral under this Programme.

Terms and Conditions for the Reward

Under the Program, upon a successful disbursal of a Loan by th e financial institution to a Referral, the Referrer will be eligible for a Reward (basis the slabs mentioned herein below).