Commission Rates

How to setup a commission rule

Commission rules define the criteria for how an agent will earn commission based on a fixed amount or percentage of loan capital paid out or receipted.

The table of rule conditions will initially be empty as we need to add the conditions first:

At the base of the table you will see four options

Test: this is to test your commission rules print this is to allow desktop users to print the commission rules help which gives users some guidance on setting the various conditions.

The drop down arrow, users will be presented with the following additional options : insert new row duplicate all rows remove all rows undo all changes we will now take a look at inserting a new condition by clicking or tapping on the insert new row option to complete a condition the user must fill in the loan event this can be either on loan payout or loan receipt loan type ie on first dormant repeat or top-up loans from loan capital this is the minimum loan capital for the condition to apply to loan capital this is the maximum loan capital for the condition to apply agent fixed commission this is the fixed rand amount commission payable to agents for loans meeting this condition agent percent of loan capital commission this is the percentage amount.

Commission payable to agents for loans meeting this condition broker fixed commission, this is the rand fixed amount commission payable to brokers for loans meeting this condition.

Broker percent of loan capital commission, this is the percentage amount of commission payable to brokers for loans meeting this condition. Note that if you fill in both the fixed and percentage values then the two will be added together when calculating the total commission.

You can add as many line items as you would like and make your commission rules as complex or as simple as you require.