Boost - Frequently Asked Questions

Boost is a rewards program by Lyte, where you can enjoy Cash Rewards of up to 6% on the Boosted Commissions upon completion of a Commitment Period.

As long as you have at least one upcoming Resale and/or Project transaction, and do not have any outstanding cash outs due to Lyte, you may be eligible to participate in Boost.

The Cash Rewards are dependent on the Commitment Period, as follows:

  • 90 days: 4% Cash Rewards
  • 270 days: 5.25% Cash Rewards
  • 365 days: 6% Cash Rewards

The rates are quoted based on 365 days, and will be prorated based on your selected Commitment Period.

Please note that these Cash Rewards amounts are only valid if the following conditions are met:

  • The Boost request is submitted before 3 July 2024
  • We receive at least $500 of your commissions from your agency within 90 days of the Boost request submission

The Cash Rewards of 4-6% is based on the amount you choose to Boost and the Commitment Period. It will then be prorated over the Commitment Period of up to 365 days.

For example, if you choose to Boost an amount of $10,000 for 270 days, which gives a 5.25% Cash Rewards, you will earn $388.36 in Cash Rewards at the end of the commitment period.

Yes. You have a choice to Boost for a Commitment Period of 90, 270, or 365 days (the “Commitment Period”).

The minimum amount to Boost per Boost request is $500.

Submit your interest to participate in Boost via this form before 3 July 2024.

Thereafter, you will receive an email that contains a unique Redemption Code. Submit a cash out request* using the Redemption Code to waive the usual 4.5% cash out transaction fee.

Once we receive your cash out request, we will send you a confirmation email. When we receive at least $500 of your commissions from your agency, Boost will commence within 1 business day, and you will start earning Cash Rewards.

*Please note that submitting a cash out request with the Redemption Code indicates a Boost request submission, and the requested cash out amount will not be transferred to your LytePay-registered bank account.

Once we receive at least $500 of your commissions from your agency, we will start Boosting your commissions by the next business day.

You will also receive an email upon commencement of your Boost transaction.

You will receive an email upon commencement of each Boost transaction.

At the end of each month, you will receive a monthly statement via email.

To start earning Cash Rewards, the first commission amounting to at least $500 must be received within 90 days of submitting the Boost request.

If you have requested to Boost more than the initial amount we have received from your agency, the remaining amount will be Boosted in batches of at least $500 each, with Cash Rewards prorated accordingly.

A confirmation email will be sent to you when each Boost transaction begins.

Any amount received after 90 days from the date of the Boost request submission will not be Boosted and will be transferred to your LytePay-registered bank account within 3 business days.

If you have requested to Boost $10,000 and we receive payments in 2 batches, each batch will have its own Boost Start and End Date, and the Cash Rewards will be prorated based on the Commitment Period you have chosen.

For example, you have submitted a request to Boost $5,000 for a Commitment Period of 365 days. In this case, the Cash Rewards is 6%.

On 1 July 2024, we receive payment of $1,000 from your agency. Boost will take effect on 2 July 2024 for this sum of $1,000. This batch’s Boost start date is 2 July 2024 and end date is 2 July 2025. The Cash Rewards earned from this batch is $60.

On 2 August 2024, we receive payment of $4,000 from your agency. Boost will take effect on 5 August 2024 (next business day from 2 August 2024) for this sum of $4,000. This batch’s Boost start date is 5 August 2024 and end date is 5 August 2025. The Cash Rewards earned from this batch is $240.

If we receive less than $500 or do not receive your commission within 90 days after receiving your Boost request, we are unable to proceed with your Boost request.

We will send you an email to notify you that your Boost request has been unsuccessful.

Once your agency has received your commissions, they will pay you your commissions the usual way.

If you wish to withdraw your Boosted commissions before Boost starts or within the first 90 days of the Boost Start Date, the Cash Rewards earned during the Commitment Period will be forfeited.

For early withdrawals after the first 90 days of the Boost Start Date, the Cash Rewards earned during the Boosted period will be prorated.

After you submit your Boost early withdrawal request, you will receive the Boosted Amount and Cash Rewards (if applicable), in your Lyte-registered bank account within 3 business days.

You will have to meet all the below eligibility criterion in order to participate in Boost:

  1. be a Registered User of a LytePay Account;
  2. have fully complied with our account opening criteria (as set from time to time), including our know-your-customer procedures;
  3. be a registered real estate salesperson as defined in the Estate Agents Act (Cap 95A, Rev Ed 2011) of Singapore, with a property agency which has an existing contract with LytePay;
  4. be offered to participate in the Boost Program by Lyte, which shall be offered to Registered Users at Lyte’s sole discretion; and
  5. have at least one upcoming Resale and/or Project transaction with a commission amount of at least $500;
  6. do not have any outstanding cash outs due to Lyte.

Provided you fulfil the abovementioned criterion, you may submit your interest to participate in Boost via the Typeform.

For more details, please refer to the full Boost Terms & Conditions provided here.

Your Boosted Amount and Cash Rewards will be transferred to your Lyte-registered bank account within 3 business days after the Boost End Date.

You will also receive an email upon successful completion of the bank transfer.

Yes, you may. Please email boost@lyte.co as soon as possible, so that the necessary changes can be made.

No, you will not be able to Advance from any transaction(s) once your Boost commences.

Yes, you may submit more than 1 Boost request. Simply submit a request via this Typeform by 3 July 2024.

Please email boost@lyte.co and we will get in touch with you as soon as we can.

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