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Switchvest Limited Commission Structure

The document outlines the commission structure for various investment and savings plans offered by Switchvest Limited, detailing specific commission rates based on the product name and conditions such as tenor duration. It includes commission rates for investment plans, fixed income plans, Zipsave plans, loans, and technology services, with rates ranging from 2% to 20%. Additionally, it specifies acceptable payment patterns and conditions for commission payments.

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inidex05
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8 views4 pages

Switchvest Limited Commission Structure

The document outlines the commission structure for various investment and savings plans offered by Switchvest Limited, detailing specific commission rates based on the product name and conditions such as tenor duration. It includes commission rates for investment plans, fixed income plans, Zipsave plans, loans, and technology services, with rates ranging from 2% to 20%. Additionally, it specifies acceptable payment patterns and conditions for commission payments.

Uploaded by

inidex05
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

SWITCHVEST LIMITED

PRODUCT COMMISSION STRUCTURE

PRODCT NAME CONDITION COMMISION


SWITCHVEST INVESTMENT PLANS
This is limited to 4 months
SWITCHVEST BASIC PLAN tenor only 3%
This is limited to 6 months
switCHVEST STANDARD PLAN tenor only 5%
This is limited to 1 year tenor
SWITCHVEST GOLDMAX PLAN only 12%
This is limited to 3 years
SWITCHVEST FIDELITY PLAN tenor only 20%

PRODCT NAME CONDITION COMMISION


SWITCHVEST FIXED INCOME PLAN
This is limited to 6 months
tenor only 5%
This is limited to 1 year tenor
only 10%
This is limited to 3 years
tenor only 15%
This is limited to 5 years
tenor only 20%

PRODCT NAME
ZIPSAVE PLAN CONDITION COMMISION
This is limited to 6 months
tenor only 2%
This is limited to 1 year tenor
only 4%
This is limited to 3 years
tenor only 7%

PRODCT NAME CONDITION COMMISION


INTERTHRIFT
This is limited to Thrift
Frequency Not Definite
PRODCT NAME CONDITION COMMISION
LOAN

This is limited to switchvest


and zipsave Active plans 5%

PRODCT NAME CONDITION COMMISION


SWITCHVEST TECHNOLOGY SERVIC
This is applicable to all
Switchvest Technology
product and services 10%

COMMISSION PAYMENT TERMS


These commission rates apply in the year the deposits are paid
Single deposit commission rates apply when single deposits are paid

Commision rates are subject to review


TOTAL PAYOUT AT MATURITY ACCEPTABLE PAYMENT PATTERN

CAPITAL+ 5% INTEREST Single Deposit

CAPITAL+ 10% INTEREST Single Deposit

CAPITAL+ 20% INTEREST Single Deposit

CAPITAL+ 70% INTEREST Single Deposit

TOTAL INTEREST PAYOUT BY MATURITY ACCEPTABLE PAYMENT PATTERN

7% INTEREST SPREAD OVER 6 MONTHS Single Deposit

15% INTEREST SPREAD OVER 12 MONTHS Single Deposit

50% INTEREST SPREAD OVER 36 MONTHS Single Deposit

60% INTEREST SPREAD OVER 60 MONTHS Single Deposit

ACCEPTABLE PAYMENT PATTERN

Total Sum Contributed + 3% Flexible Payment Pattern

Total Sum Contributed + 6% Flexible Payment Pattern

Total Sum Contributed + 15% Flexible Payment Pattern

TOTAL PAYOUT AT CLAIM DATE ACCEPTABLE PAYMENT PATTERN

CONTRIBUTED AMOUNT MINUS THRIFT CHARGESFlexible contributory Pattern


CONDITION FOR COMMISSION ACCEPTABLE REPAYMENT PATTERN

OF LOAN AMOUNT CALCULATED INTEREST Flexible Repayment Pattern

CONDITION FOR COMMISSION ACCEPTABLE DEPOSIT PATTERN

PRODUCT MUST BE SUPPLIED OR INSTALLED Flexible Deposit Pattern

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