ERA Projects x LytePay
From now till 10 Sep 2021, for every 2 project transactions, ERA teammates can cash out S$5,000 from LytePay for free.
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How it works
Between 10 March 2021 to 10 Sep 2021, for every 2 project transactions closed, LytePay will send you a unique promo code for you to cashout S$5,000 for free from your LyteMoney. There is no cap on the number of redemptions, meaning that ERA teammates can apply for every 2 project units closed within the campaign period.
Qualification period
Applies to project transactions where options were granted between 10 March 2021 to 10 Sep 2021 (both dates inclusive). Redemption must be made on or before 31 Dec 2021.
How to apply
Send in your request to projxlytepay@era.com.sg
Please include:
– Salesperson name, mobile number and associate code
– Project, unit number and OTP date of the two units closed
Applications will be processed on the 1st and 15th of every calendar month. Please note that the applying party must be the same party that the cases are closed under, and once application is processed, the party that the commission is payable to cannot be changed. Once application has been approved, LytePay will reach out and send the promo code.
Frequently asked questions
Do I need to be an existing LytePay User?
No, this scheme is open to all ERA teammates. However, in order to cash out, the ERA teammate will have to open an account with LytePay (if he / she does not have one).
Do the options need to be exercised?
LytePay will assess the ERA teammate’s expected incoming commission and determine the date and maximum amount that can be advanced.
In the event that LytePay assess that no advance can be made, earliest withdrawal will be 5 weeks from the OTP date that the first unit (of the two project units) was closed.
Can I cash out more than $5,000?
Yes, but standard fees by LytePay will applicable after the first $5,000 is withdrawn.
How will the scheme work?
- For every 2 ERA project transactions closed, ERA teammates can request to participate in the ERA Projects X LytePay initiative.
- Upon verification, the ERA teammates will be issued a promo code.
- The promo code can be used when advancing from Lytepay, no fees will be charged on the first $5,000 withdrawn.
- The promo code can only be used once (even if amount withdrawn is less than $5000).
- Fees will apply only for amounts in excess of $5,000 when using the promo code.
- Any fees will be deducted only upon repayment of the advance.
- Please note that the promo code is strictly non-transferrable.
How do I apply?
- Send in your request to projxlytepay@era.com.sg
- Please include:
- Salesperson name, mobile number and associate code
- Project, unit number and OTP date of the two units closed
- Applications will be processed on the 1st and 15th of every calendar month
- Please note that the applying party must be the same party that the cases are closed under, and once application is processed, the party that the commission is payable to cannot be changed.
- Once application has been approved, LytePay will reach out and send the promo code.
Is there an expiry period for using the promo code?
All promo codes issued by ERA Projects is valid for use on or before 31 Dec 2021
How will the advance be repaid?
- Lytepay will deduct the advance from the next incoming commission / fee that is payable to the ERA teammate
- This will be based on all incoming commissions and not restricted to project commission.
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