Interest rates & commission

In order to benefit from our commission rates you must introduce the initial application using our dedicated telephone line or apply online to ensure compliance with the Financial Services Authority (FSA). Commission will be paid by BACS to your nominated account on the 7th day of each month, with monies reaching your bank account 4 days later. If you're placing business through a network, mortgage club or service provider, please refer to your parent company for details of the payment arrangements.

With the introduction of the FSA's mortgage rules and to ensure that we are able to produce an accurate KFI, we can only pay you commission for applications you have introduced directly. This means that commission for additional products can no longer be paid.

When producing an independent KFI, information relating to the disclosure of commission can be provided by our Adviser Business Centre.

Personal Loan commission will be paid separately from any offset product commission payments.

Loan commission is paid monthly, within the first week of the month following loan activation.

Should a loan agreement be cancelled or settled early within 6 months of the date the agreement was activated, commission will be clawed back on a pro rata basis. This will show as a minus entry on your commission statement.

• 1% of the loan advance

• Brokers with full FSA permissions - 14.25% net of the Creditcare premium, if repayment cover is sold with the loan
• Brokers with FSA Introducer permission - 5% net of the Creditcare premium, if repayment cover is sold with the loan

We reserve the right to vary the commission terms at any time. These terms apply to professional advisers whose registration has officially been accepted by Intelligent Finance.

For members of networks, tied agents and direct sales force, special rates may apply. Please contact your parent company for further information. Intelligent Finance supports the disclosure of full commission regardless of the amount paid.

In situations where fees are charged, it's dependant on the policy of the adviser as to whether commission should be offset against such fees.

This policy relates to commission in the advised sales environment. Only where Intelligent Finance enters into an arrangement with an intermediary to undertake development activity on an introducer basis, individual negotiated rates of commission apply.