The Loan Commission Agreement serves as a crucial document for formalizing relationships between lending institutions and their commission-based intermediaries in India. It is essential when engaging loan brokers, agents, or intermediaries who facilitate loan origination in return for commission payments. The agreement ensures compliance with Indian banking regulations, particularly the Banking Regulation Act, 1949, and related financial services laws. It includes detailed provisions for commission calculations, payment terms, compliance requirements, and service standards. This document is particularly relevant in the current Indian financial landscape where loan intermediation plays a significant role in credit distribution across various sectors.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies and defines the contracting parties - typically the lender/financial institution and the commission agent/broker
2. Background: Outlines the context of the agreement, including the lender's business and the broker's role in facilitating loans
3. Definitions: Defines key terms used throughout the agreement including 'Loan', 'Commission', 'Successful Referral', etc.
4. Appointment and Scope of Services: Details the formal appointment of the broker and specifies the authorized services to be provided
5. Commission Structure: Specifies the commission rates, calculation method, and conditions for commission eligibility
6. Payment Terms: Outlines when and how commissions will be paid, including payment schedule and method
7. Obligations of the Broker: Lists the broker's duties, responsibilities, and service standards
8. Obligations of the Lender: Specifies the lender's commitments and responsibilities
9. Compliance Requirements: Details regulatory compliance obligations, including KYC and anti-money laundering requirements
10. Representations and Warranties: Contains statements of fact and assurances from both parties
11. Term and Termination: Specifies agreement duration and conditions for termination
12. Confidentiality: Establishes obligations regarding confidential information handling
13. Dispute Resolution: Outlines the process for resolving disputes between parties
14. Governing Law: Specifies that Indian law governs the agreement and jurisdiction details
1. Non-Compete Clause: Restricts the broker from working with competing lenders - used when exclusivity is required
2. Training and Support: Details any training or support provided by the lender - included when the lender offers comprehensive broker support
3. Marketing Guidelines: Specifies rules for using the lender's brand - included when the broker will conduct marketing activities
4. Incentive Structure: Details additional bonuses or incentives - used when offering performance-based rewards
5. Sub-contractor Terms: Rules for engaging sub-contractors - included when sub-contracting is permitted
6. Insurance Requirements: Specifies required insurance coverage - included for high-value or high-risk arrangements
7. Data Protection: Detailed data handling requirements - included when significant personal data processing is involved
1. Schedule A - Commission Rates: Detailed breakdown of commission rates for different loan products and amounts
2. Schedule B - Service Level Requirements: Specific performance metrics and service standards
3. Schedule C - Compliance Checklist: Detailed compliance requirements and documentation checklist
4. Schedule D - Approved Marketing Materials: List of pre-approved marketing materials and templates
5. Schedule E - Reporting Templates: Standard formats for regular reporting requirements
6. Appendix 1 - KYC Requirements: Detailed KYC documentation requirements and processes
7. Appendix 2 - Code of Conduct: Detailed behavioral and ethical guidelines for brokers
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking
Financial Services
Real Estate
Insurance
Microfinance
Housing Finance
Agricultural Finance
Commercial Lending
Consumer Finance
Relevant Teams
Legal
Compliance
Finance
Risk Management
Sales
Business Development
Operations
Treasury
Credit
Channel Partners
Commission Processing
Broker Relations
Relevant Roles
Loan Officer
Business Development Manager
Commission Agent
Mortgage Broker
Financial Services Representative
Credit Manager
Compliance Officer
Legal Counsel
Financial Controller
Treasury Manager
Risk Manager
Operations Manager
Channel Partner Manager
Sales Director
Chief Financial Officer
Find the exact document you need
Hire Purchase Agreement Motor Vehicle
An Indian law-governed agreement for vehicle purchase through installment payments, transferring possession to the hirer while the financier retains ownership until full payment.
find out more
Family Loan Agreement No Interest
An Indian law-governed agreement for interest-free lending between family members, ensuring legal compliance while maintaining familial relationship aspects.
find out more
Business Investment Loan Agreement
An Indian law-governed agreement establishing terms and conditions for a business investment loan between a financial institution and a business entity.
find out more
Agreement Between Financier And Producer
An Indian law-governed agreement establishing terms between a financier and producer for content production funding, including financial terms and rights allocation.
find out more
Agreement Between Financier And Company
An Indian law-governed agreement establishing terms for company financing, including loan terms, security arrangements, and regulatory compliance requirements.
find out more
Soft Loan Agreement
An Indian law-governed agreement for loans with concessional terms, including favorable interest rates and repayment conditions.
find out more
Private Car Payment Agreement
An Indian law-governed agreement for private vehicle purchase through installment payments, outlining payment terms and ownership transfer conditions.
find out more
Loan Agreement And Mortgage
An Indian law-governed agreement combining loan terms with property mortgage provisions, establishing lending conditions and security interests over immovable property.
find out more
Co Financing Agreement
An Indian law-governed agreement establishing terms for multiple financial institutions to jointly provide financing, detailing rights, obligations, and intercreditor relationships.
find out more
Agreement For Financial Support
An Indian law-governed agreement establishing terms and conditions for providing and receiving financial support, ensuring regulatory compliance and party protection.
find out more
Simple Loan Repayment Agreement
An Indian law-governed agreement establishing loan terms, repayment obligations, and securities between lender and borrower.
find out more
Agreement For Hire Purchase Of A Motor Vehicle
An Indian law-governed agreement establishing terms for motor vehicle hire purchase, including payment terms, ownership rights, and transfer conditions.
find out more
Overfacility Agreement
An Indian law-governed agreement establishing terms for additional credit facilities beyond existing arrangements, including facility terms, security, and regulatory compliance requirements.
find out more
Tripartite Loan Agreement
An Indian law-governed agreement establishing a loan arrangement between three parties (lender, borrower, and third party), detailing loan terms, security arrangements, and party obligations.
find out more
Loan Agreement Term Sheet
A preliminary document under Indian law outlining key terms and conditions of a proposed loan facility, serving as the basis for the final loan agreement.
find out more
Lease Hire Agreement
An Indian law-compliant agreement governing the temporary use of assets through periodic payments, detailing rights and obligations of lessor and lessee.
find out more
Deed Of Accession Loan Agreement
An Indian law-governed document allowing a new party to join an existing loan agreement, assuming associated rights and obligations under Indian legal framework.
find out more
Co Borrower Loan Agreement
An Indian law-governed agreement establishing terms for a loan with multiple co-borrowers who share joint liability for repayment.
find out more
Trade Finance Facility Agreement
An Indian law-governed agreement establishing terms for trade finance facilities between financial institutions and corporate borrowers engaged in international trade.
find out more
Trade Finance Agreement
An Indian law-governed agreement setting out terms for trade finance facilities between a financial institution and a business entity, incorporating RBI and FEMA compliance requirements.
find out more
Simple Unsecured Loan Agreement
An Indian law-governed agreement for unsecured lending, documenting loan terms, repayment conditions, and parties' obligations without requiring collateral.
find out more
Promissory Loan Agreement
An Indian law-governed agreement documenting a loan arrangement where the borrower promises to repay a specified sum to the lender under defined terms.
find out more
Project Finance Contract
An Indian law-governed agreement structuring project financing arrangements, including loan terms, security packages, and stakeholder obligations for infrastructure and development projects.
find out more
Margin Loan Agreement
An Indian law-governed agreement establishing terms for lending against securities as collateral, subject to SEBI and RBI regulations.
find out more
Loan Swap Agreement
An Indian law-governed agreement facilitating the exchange of loan payment obligations between parties, subject to RBI regulations and Indian banking laws.
find out more
Financed Sales Contract
An Indian law-governed agreement combining sales and financing terms for asset purchases with structured payment arrangements and security provisions.
find out more
Equipment Lease Purchase Agreement
An Indian law-governed agreement setting out terms for equipment lease with purchase option, including payment terms, maintenance obligations, and purchase conditions.
find out more
Loan Agreement Secured By Property
An Indian law-governed agreement combining loan facility terms with security creation over immovable property.
find out more
Partnership Deed For Finance Business
An Indian law-governed partnership agreement establishing a financial services business, detailing partner rights, responsibilities, and regulatory compliance requirements.
find out more
Standard Trade Credit Agreement
An Indian law-governed agreement establishing terms for trade credit facilities between credit provider and borrower, including credit limits, payment terms, and security arrangements.
find out more
Master Loan And Security Agreement
An Indian law-governed agreement establishing terms for secured lending arrangements, combining loan provisions and security arrangements in a master document structure.
find out more
Rehabilitation Loan Agreement
An Indian law-governed agreement establishing terms for rehabilitation-focused financial assistance, combining lending provisions with rehabilitation requirements and monitoring mechanisms.
find out more
Future Receivables Factoring Agreement
An Indian law-governed agreement for the purchase of future receivables by a factor from a business client, structured under the Factoring Regulation Act, 2011.
find out more
Modification Of Loan Agreement
An Indian law-governed agreement that modifies existing loan terms between lender and borrower, ensuring regulatory compliance and legal enforceability.
find out more
Standard Loan Agreement Between Friends
An India-compliant legal agreement that formalizes a loan arrangement between friends, including terms, conditions, and repayment schedules.
find out more
Standard Hire Purchase Agreement
An Indian law-compliant agreement for the purchase of goods through installment payments, with ownership transferring upon final payment.
find out more
Loan Payoff Agreement
An Indian law-governed agreement documenting the terms and conditions for the full and final settlement of an existing loan obligation between a lender and borrower.
find out more
Master Asset Finance Agreement
An Indian law-governed master agreement establishing terms for multiple asset-based financing arrangements between a financial institution and borrower.
find out more
Individual Loan Agreement
An Indian law-governed agreement establishing terms and conditions for a personal loan between a lender and individual borrower, including loan amount, interest, repayment terms, and security arrangements.
find out more
Small Credit Agreement
An Indian law-governed agreement for small-scale credit facilities, detailing loan terms and compliance with RBI guidelines.
find out more
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)