Elevate your business & boost your finances
How does Advance work?
Sign up nowFAQ for SRI Agents
We work closely with SRI to provide commission advance services (projects only) to SRI property agents.
When an instant payment request is submitted by a SRI agent, SRI will review and approve the request. Thereafter, LytePay will proceed with transferring the requested payment amount to the SRI agent’s LytePay-registered bank account.
Sign up for free here, using your agency-registered email address and mobile. Ensure that your email address, mobile, agency, identity (via SingPass), and bank account are verified.
No. If you do not submit a cash out request via LytePay, SRI will continue to pay you the usual way.
For SRI agents, the processing fee is calculated automatically and dynamically via algorithm. This fee is calculated based on multiple factors such as transaction status, OTP date, and other risk factors.
On average, the processing fee is 4%-12%. Rest assured, the processing fee will appear on the request form before you submit the instant payment request.
LytePay Pte Ltd is a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) under the Payment Services Act to provide (i) account issuance service; (ii) domestic money transfer service; and (iii) cross-border money transfer service.