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PNB has modified the service charges payable to car dealers and their sales executives for sourcing car loan leads.
Service Charges for Car Loan Business
| Disbursement Eligibility | Total Service Charges | Dealer | Dealer’s Executive |
|---|---|---|---|
| Up to Rs. 50 lakhs | 1.45% | 1.20% | 0.25% |
| Above Rs. 50 lakhs to Rs. 1.25 Cr. | 1.65% | 1.35% | 0.30% |
| Above Rs. 1.25 Cr. | 1.70% | 1.35% | 0.35% |
Excluding GST.
There is no change in the payout structure. However, the service charges will be paid based on the absolute business generated during a particular period, such as a day, week or month, according to the applicable disbursement bracket.
Maximum Dealer Payout
The maximum cap for the dealer’s payout will be Rs. 1,00,000 per case, excluding GST. Circle Heads have been given the power to alter the payout ratio between the car dealer and the sales executive within the overall ceiling of Rs. 1,00,000. A 0.10% commission will be retained until receipt of JRC.
Maruti Suzuki Smart Finance Leads
For leads sourced through the Maruti Suzuki Smart Finance (MSSF) portal, a platform service charge of 0.05% of the disbursed amount per case, excluding GST, will be applicable. This charge is inclusive of the overall dealer payout, which ranges from 1.45% to 1.70%, excluding GST, depending on the business generated.
