Loan Referral Program: Earn Extra Money by Referring Quality Equity Loans in Costa Rica
Are you looking for an opportunity to earn extra cash in Costa Rica? You can look no further than GAP Equity Loans’ Loan Referral Program. By referring quality equity loans to us, you can earn a referral fee once the loan has been closed and funded. Keep reading to learn more about our program and how you can get involved.
Home equity loans are a common way to obtain money. Homeowners may borrow a lump amount based on their property’s equity, which is the difference between its market value and any outstanding mortgages. For people seeking finances, these loans provide lower interest rates than others.
Gap Equity Loans rewards friends and family referrals. Our referral program is a great way to make money and help loved ones acquire cash. If a friend or relative borrows, the referrer gets paid. We provide low-interest equity loans. Customized solutions help borrowers achieve their financial goals. Our simple application procedure allows us to make loan decisions in 24 hours. Lending professionals choose the optimal loan for each customer. Our finance and referral program complements our educational resources. Helpful equity loan FAQs. Individualized counseling helps borrowers make educated borrowing decisions.
Loan Referral Program Overview
GAP Equity Loans is a financial services company specializing in brokering home equity loans in Costa Rica. We provide a fast, simple, and effective alternative to traditional lending institutions. Our Loan Referral Program is designed to help us find quality loans and reward those who refer them to us.
Equity Loan Basics
You don’t need to be an expert on equity loans to participate in our program, but you should know some basic information that will help you refer quality loans to us. We generally like to process loan amounts below 45% of the collateral property’s value, known as the Loan to Value (LTV) ratio. The LTV is based on the property’s quick sale price, not a retail price, and the lower the LTV percentage, the higher the chance of the loan being closed and funded.
Earn Extra Cash
You can earn extra cash by referring people who need equity loans. It’s easy! Confirm that their loan request meets our LTV criteria, give them our company name, website, and phone number, and send us their full name and phone number via WhatsApp to Lawsen at +506 4001-6413. That’s all you need to do. Once the borrower’s equity loan has been funded, you will receive your referral fee.
If you know someone who needs an equity loan, referring them to GAP Equity Loans is an easy way to earn extra cash. Here’s how it works:
- Confirm that their request meets our LTV criteria.
- Provide them our company name, website, and phone number.
- Send the borrower’s full name and phone number to Lawsen at our WhatsApp number +506 4001-6413.
- You will receive your referral fee once the loan has been funded.
Referral Fee Structure
Our referral fee structure is designed to reward those who consistently bring us quality loans.
As a part-time referrer, you will earn a referral fee of 0.5% for every $100,000 US borrowed. For example, if a borrower takes out a $100,000 loan, you will receive $500 US.
As a full-time referrer, you can earn up to 1% for every $100,000 US borrowed by consistently bringing us quality loans. If you bring us three quality loans in six months, you will receive a 1% referral fee for each loan, which is $1000 US for every $100,000 US borrowed.
Loan Purposes We Prefer
We prefer equity loans when borrowers use the money for purposes such as opening a small business, home renovations, college or graduate school, purchasing a new vehicle for your company, starting a business, large weddings, and other similar expenses.
Preferred Locations for Equity Loans
We prefer to fund loans in the Central Valley (GAM) and Costa Rica’s best beaches, including Jacó, Manuel Antonio, Tamarindo, Santa Teresa, Nosara, Conchal, Papagayo, Uvita, Ojochal, and other similar areas.
Requirements to Join the Equity Loan Referral Program
You only need a valid email address and Whatsapp number for contact purposes.
Favorably, you should have a rough understanding of the loan-to-value ratio. Grupo Gap can lend up to 50% of the property’s value; for example, a $300,000 USD house can borrow up to a maximum of $150,000 USD. Preferably, the loan would be around a 40% LTV or lower. So, if you can quickly determine if the loan is feasible by asking what the property’s value is and what the loan request size is, this can be a good filter process.
Lastly, our lenders seek loans on collateral in the more popular beach areas or the Central Valley.
GAP Equity Loans’ Loan Referral Program is an excellent opportunity to earn extra cash by referring quality equity loans in Costa Rica. With our simple process and competitive referral fee structure, you can easily make money by helping others get the needed loans. So start referring today and reap the benefits of our Loan Referral Program!
Remember, you only need to send the borrower’s full name and phone number to Lawsen at our WhatsApp number +506 4001-6413.
WhatsApp Lawsen at +506 4001-6413
Monday to Friday
9 am – 5 pm for any questions!
*Loan Request Form
Frequently Asked Questions
What is the Loan Referral Program?
Our Loan Referral Program is a simple and effective way to earn extra cash by referring people who need a loan to our company, GAP Equity Loans.
Do I need to be an expert on equity loans to participate in the program?
You can be an expert on equity loans by participating in our Loan Referral Program. However, having some basic knowledge about equity loans can help you refer quality loans to us.
What is the Loan Value (LTV) ratio?
The Loan to Value (LTV) ratio is the ratio of the loan amount to the value of the collateral property. We generally process loan amounts below 45% of the collateral property’s quick sale price.
What is a quick sale price?
A short sale price is when a property can be sold within 90-120 days.
What is the referral fee for the Loan Referral Program?
The referral fee for our Loan Referral Program is 0.5% for a quality loan. For example, if the borrower takes a loan of $100,000, you will earn a referral fee of $500.
Can I earn more than 0.5% as a referral fee?
You can make up to a 1% referral fee if you consistently bring us quality loans. For example, if the borrower takes a loan of $100,000, you will earn a referral fee of $1000.
What kind of loans do you prefer?
We prefer loans where the borrower uses the money for purposes such as opening a small business, home renovations, college/graduate school, buying a new vehicle, taking a dream vacation, or having a wedding.
In which areas of Costa Rica do you prefer to fund loans?
We like to fund loans in the Central Valley (GAM) and Costa Rica’s best beaches, including Jacó, Manuel Antonio, Tamarindo, Santa Teresa, Nosara, Conchal, Papagayo, Uvita, and Ojochal.