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Loan Referral Agreement
"I need a Loan Referral Agreement for my fintech company to partner with an Indonesian bank, including integration with our digital platform and a tiered commission structure based on loan value, targeted to launch by March 2025."
1. Parties: Identifies the contracting parties - typically the referrer and the lending institution
2. Background: Sets out the context of the agreement, including the lender's business, referrer's capabilities, and intention to establish a referral relationship
3. Definitions: Defines key terms used throughout the agreement, including 'Referral Services', 'Qualified Leads', 'Confidential Information', etc.
4. Appointment and Scope: Establishes the referrer's appointment and defines the scope of referral services
5. Referrer's Obligations: Details the referrer's duties, including lead qualification criteria, information collection, and compliance requirements
6. Lender's Obligations: Outlines the lender's responsibilities regarding lead processing, communication, and support
7. Compensation: Details the referral fee structure, payment terms, and calculation methods
8. Compliance Requirements: Specifies compliance with OJK regulations, banking laws, and other applicable Indonesian regulations
9. Representations and Warranties: Contains standard and specific warranties from both parties
10. Confidentiality: Addresses the handling of confidential information and data protection requirements
11. Term and Termination: Specifies agreement duration and termination provisions
12. General Provisions: Contains standard legal provisions including governing law, dispute resolution, and notices
1. Marketing and Branding: Include when the referrer will use the lender's branding or conduct marketing activities
2. Training Requirements: Include when the referrer's staff need specific training on loan products
3. Service Levels: Include when specific performance metrics or response times are required
4. Technology Integration: Include when the parties will use integrated systems or platforms
5. Anti-Bribery and Corruption: Include for higher-risk relationships or when dealing with government-linked entities
6. Force Majeure: Include when specific force majeure provisions beyond standard ones are needed
7. Insurance Requirements: Include when specific insurance coverage is required from the referrer
1. Schedule 1 - Referral Fee Structure: Detailed breakdown of commission rates, payment tiers, and calculation methods
2. Schedule 2 - Loan Products: Description of loan products eligible for referral
3. Schedule 3 - Referral Procedures: Detailed operational procedures for making and processing referrals
4. Schedule 4 - Compliance Requirements: Specific regulatory requirements and compliance procedures
5. Schedule 5 - Required Information: List of required information to be collected from potential borrowers
6. Appendix A - Reporting Templates: Standard templates for referral reporting and tracking
7. Appendix B - Marketing Guidelines: Guidelines for use of lender's brand and marketing materials if applicable
Authors
Applicable Laws
Business Day
Confidential Information
Effective Date
Eligible Borrower
Force Majeure Event
Intellectual Property Rights
Lead
Lender
Loan Products
OJK
Personal Data
Qualified Lead
Referral
Referral Fee
Referral Period
Referral Services
Referrer
Regulatory Requirements
Representatives
Successful Referral
Term
Territory
Borrower Information
Commission Payment Date
Compliance Requirements
Credit Assessment
Data Protection Laws
Documentation Requirements
Excluded Person
KYC Requirements
Loan Application
Marketing Materials
Minimum Referral Criteria
Payment Terms
Performance Metrics
Prohibited Activities
Referral Channel
Referral Platform
Reporting Period
Service Levels
Target Market
Transaction Documents
Scope of Services
Exclusivity
Referral Process
Commission and Payment
Compliance
Regulatory Requirements
Data Protection
Confidentiality
Representations and Warranties
Intellectual Property
Non-Solicitation
Non-Competition
Indemnification
Limitation of Liability
Term and Duration
Termination
Force Majeure
Service Levels
Reporting Requirements
Audit Rights
Marketing and Promotion
Training and Support
Record Keeping
Anti-Bribery and Corruption
Assignment
Subcontracting
Notices
Governing Law
Dispute Resolution
Amendments
Entire Agreement
Severability
Waiver
Third Party Rights
Counterparts
Financial Services
Banking
Financial Technology
Insurance
Real Estate
Mortgage Services
Small Business Lending
Consumer Finance
Microfinance
Professional Services
Legal
Compliance
Business Development
Sales
Risk Management
Credit Operations
Partner Relations
Product Development
Finance
Customer Operations
Business Development Manager
Compliance Officer
Legal Counsel
Partnership Manager
Credit Officer
Risk Manager
Financial Services Director
Channel Manager
Sales Director
Relationship Manager
Chief Compliance Officer
Head of Lending
Business Development Director
Financial Services Manager
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