How To Refer & Earn by Selling Fi Money Personal Loan using GroMo App?

Benefits:

🚀 Interest rates: 15% to 24% per year

💸 Flexible loans: ₹25,000 to ₹5,00,000

0️⃣ Zero pre-closure fees (for Liquiloans)

📲 Approval: 100% digital & paperless

Whom to sell?

1. Only for Salaried people
2. Age: 23 to 60 years old
3. Experian score >780
4. Monthly Income > 25,000
5. Credit score should be at least from a year
6. PAN And Aadhaar should be there
7. D.O.B. on pan and Aadhar should match
8. User must apply from his own device and mobile number
9. No loan/credit defaults, write-offs should be there
10. No delays in other loan/credit payments over 30 days

How it works?

1. Watch the training video and share the link with eligible customers in your network.
2. The customer needs to enter and verify their mobile number using OTP which should be linked to their Aadhaar and PAN.
3. The customer needs to fill in basic details according to the PAN Card.
4. Then they need to fill personal and professional details after which they will be shown the recommended products as per their eligibility.
5. Select Fi Money and proceed to complete the application process.
6. If customer is not eligible for Fi Money, they can choose any other product from the recommendations.
7. After choosing Fi Money, the customer will be redirected to the play store.
8. Download App from there.
9. Signup with a mobile number on the app. Enter email and name.
10. Allow all permissions and then select instant loans.
11. Enter PAN and D.O.B.
12. Enter work details.
13. Check & confirm the offered loan amount.
14. Complete CKYC using Aadhaar.
15. Provide and verify bank account details.
16. Setup mandatory EMI auto-debit via NACH.
17. Withdraw money in bank account

Terms & Conditions

1. Only for Salaried people
2. Age: 23 to 60 years old
3. Experian score >780
4. Monthly Income > 25,000
5. Credit score should be at least from a year
6. PAN And Aadhaar should be there
7. D.O.B. on pan and Aadhar should match
8. User must apply from his own device and mobile number
9. No loan/credit defaults, write-offs should be there
10. No delays in other loan/credit payments over 30 days
11. Address should be complete, no short forms, with proper landmarks.
12. Name on all document should be same.
13. Payout will be received only after successful credit line disbursement.
14. Loan application process should be completed in a single journey.
15. Partner should not accept any payment or give any incentive to the customer.
16. Partner is expected not to make false promises, or provide wrong and misleading information to the customer.

DOs

1. Share “Best Loan Offer” link with customers to find their loan eligibility.
2. Follow up with customers to complete KYC and upload required documents.
3. For app based loans, complete the process on the customer’s device by using your shared link only.
4. Select “Self Employed” category, if the customer does not receive salary in a bank account.
5. Check the pincode according to the customer’s Current Address proof.
6. Use the “My Customer” section to check loan status and remind them to complete the process.
7. Customer details(PAN, ph. Number, etc) on GroMo and lender’s application should be same.

DON’Ts

1. Don’t provide any incorrect/false information like customer name, address, mobile number, PAN in the loan application.
2. Don’t edit or modify any documents for the loan application.
3. Identify yourself as GroMo Partner and not brand/company employee/agent.
4. Never promise loan amount, interest rate or processing fee upfront to the customers. The customer should always verify all the details on the brand’s page or application.

ETIQUETTES

1. Identify yourself as a GroMo Partner talking on behalf of the lender.
2. Request customer’s permission to proceed with the call. If denied permission, apologize and politely disconnect.
3. Contact customers only during the office hours – between 9:30 AM to 7:00 PM.
4. Don’t argue or misbehave with the customer.
5. Always keep the conversation limited to business matters.
6. Always thank the customer for his/her time.

Other T&Cs

1. Partner should always strictly comply with all the applicable laws, rules, regulations and government guidelines.
2. If the partner suppresses any information or gets involved in any fraudulent activity, then they will be liable for the losses and their account and earnings shall be blocked/freezed.
3. Partner should not accept any payment or give any incentive to the customer.
4. Partner is expected not to make false promises, or provide wrong and misleading information to the customer; if done so, they shall be held responsible for any claim arising due to it.
5. Partner is expected not to indulge in any malpractices including but not limited to sharing his ID with others, sub contracting his work, using his own number instead of customer’s, not taking consent of customer while processing application, mis-selling and not clearly explaining the details of loan being offered.
6. In case, 1st 3 EMIs are not recovered from the customer, the payout shall be recovered, and your account might be blocked.

Frequently asked Questions

Q1.What are the benefits of pre-approved instant loans?
Ans->Pre-approved loans have several benefits: Instant loan disbursal Quick & 100% paperless application process No pre-closure fees

Q2.Documents required for pre-approved loans on Fi.
Ans->The pre-approved loan application process is 100% paperless & online. Eligible Fi users will only need to: Complete a quick, liveness verification call via the Fi app Show their physical PAN card to our bank agent during the call

Q3.Will I incur any penalty if I pre-close the loan or pay lump sums?
Ans->There are no charges or fees linked to this.

Q4.What is the interest rate applicable on the loan?
Ans->The interest rate for pre-approved loans varies as per user profiles. However, it generally ranges between 7-14%

Q5.Can I pre-close my loan account?
Ans->Yes, you can. Please get in touch with Fi Money customer care at 080-47485490. We will be happy to assist you with this.