There are various ways to earn money anytime, anywhere. One of the popular ways is joining a referral marketing program. It is based on word of mouth as you need to verbally market a product to potential customers. Once a customer buys the product, you can receive a percentage of the sale as monetary compensation. With time, your earnings will accumulate and can serve you as a good secondary source of income. A personal loan referral program is an example of such a marketing program.
Let’s see how it can help you earn money anytime at any place.
How Does a Personal Loan Referral Program Work?
A top personal loan affiliate program is IDFC FIRST Bank MyFIRST Partner Program. To join it, you need to educate people about personal loans offered by the bank and encourage them to borrow the same. When someone approaches you to apply for the loan, you simply need to follow these steps:
- Collect the needed documents (like address and identity proofs) of the borrower.
- Download IDFC FIRST Bank MyFIRST Partner App.
- Upload your photo on the app.
- Upload all the collected documents and the necessary details of the borrower.
- Enter the details of your bank account in which you want to receive pay-outs.
- Verify the OTP that you get and thus, finish your registration.
After this, you can immediately start generating leads. Every time a loan is sanctioned through your referral, you can earn a commission equal to 1.5% of the loan amount. From registering yourself to uploading a borrower’s documents and information, you can do everything on IDFC FIRST Bank’s referral app to make money online.
Benefits of Personal Loan Referral Program Work
If you join a top unsecured loan affiliate program like IDFC FIRST Bank MyFIRST Partner Program, you can receive the benefits below:
- Lenient eligibility criteria and easy onboarding: The criteria to join the referral program are quite simple. You just need to be an 18+ Indian resident with an active account in a bank in India to qualify for the program. Therefore, salaried professionals, self-employed individuals, students, and housewives can join the program alike.
- High referral money: As you keep earning money through successful referrals, you can generate over ₹50,000 every month. The amount is enough to fund various goals like supporting your financial dependents, opening a small business and more.
- Weekly pay-outs: The pay-outs are transferred directly to your bank account every week. So, the money keeps coming in and you can withdraw it anytime you want, conveniently.
- Attractive rewards: If you perform outstandingly well at the regional, zonal, national or branch level of the bank, you can win amazing prizes like cash rewards and electronic gadgets.
The best part is you need not make any investments to join a genuine referral marketing program. So, go ahead and download a leading app to make money online like IDFC FIRST Bank MyFIRST Partner App. Keep using it to generate side income from the comfort of your home or even while travelling.