Turn your contacts into cash with the best refer & earn app

In recent years, India has witnessed a surge in the popularity of refer and earn apps, offering a unique way to generate a second income stream. These innovative platforms have opened up opportunities for individuals to leverage their social networks and turn their contacts into cash. Among the leading players in this realm is IDFC FIRST Bank's MyFIRST Partner referral program, which empowers individuals to earn substantial rewards by referring personal loans to friends and family.

What sets this program apart are the exceptional features of its dedicated app, the MyFIRST Partner app, and the borrower-friendly attributes of its personal loans, making it an attractive choice for those looking to augment their earnings.

Tips to use the best refer-and-earn app to start earning extra income online

1. Choose a technically strong refer-and-earn app

The foundation of a successful refer-and-earn program lies in the strength of the platform you choose. Opt for an app that is user-friendly, glitch-free, and secure. IDFC FIRST Bank's MyFIRST Partner app offers a seamless and intuitive referring experience. The app is designed to simplify the referral process, enabling partners to effortlessly share their unique referral codes and track the progress of their referrals.

2. The bank’s referral program must not be time-consuming
 

Effective refer-and-earn apps do not take up referral partners’ valuable time every day. A user-friendly app like the IDFC FIRST Bank MyFIRST Partner Referral app streamlines the referral process, ensuring that you can easily refer friends and family without spending excessive time on administrative tasks. This means more time to focus on expanding your referral network and increasing your earnings.

3. Choose a program that requires no initial investment
 

A genuine refer-and-earn opportunity should not burden you with upfront costs. IDFC FIRST Bank's MyFIRST Partner referral program follows this principle, allowing referral partners to start earning without any initial investment. All you need is your network and a willingness to introduce them to beneficial financial solutions.

4. Select a refer-and-earn app that helps you earn a significant sum every month
 

The ultimate goal of a refer-and-earn venture is to generate a substantial second income. IDFC FIRST Bank's MyFIRST Partner program stands out by offering referral partners the potential to earn over ₹1,00,000 per month by referring personal loans. This impressive earning potential can significantly impact your financial stability and open avenues for achieving your goals.

5. Approach the referral program with the intent of improving your communication skills
 

While the primary focus of a refer-and-earn app is earning rewards, it also offers a unique chance to enhance your interpersonal skills. As you introduce financial products to your contacts, you refine your ability to explain complex concepts in a simple and engaging manner. This skill is invaluable in various personal and professional interactions.

6. Choose the right bank’s referral program
 

Not all refer-and-earn programs offer the above-mentioned key features to referral partners. Opt for a program backed by a reputable and customer-centric financial institution. IDFC FIRST Bank's MyFIRST Partner referral program is supported by IDFC FIRST Bank - a trusted bank known for its customer-friendly approach. This program also offers a 1.5% commission on every successful loan referral and follows a weekly pay-out system. With such beneficial features, the program now boasts over 7 lakh referral partners in India. This trust factor enhances your credibility as a referral partner, making it easier to convince your contacts about the benefits of the referred products.

How to sign up for IDFC FIRST Bank's Referral Program?

1. Download the MyFIRST Partner App:

Begin your journey by downloading the MyFIRST Partner app from an app store.

2. Register using PAN:

Provide your PAN card, address proof, and bank details to sign up as a referral partner.

3. Sign up and get your digital ID:

After successful registration, you'll receive a unique digital ID. This ID is your key to the referral program, enabling you to invite contacts and track their loan applications seamlessly.

4. Start referring and track loan applications:

With your digital ID in hand, you can start referring personal loans to your network.

By adhering to the outlined tips and steps, you can effectively harness the power of refer-and-earn platforms to transform your contacts into a valuable source of cash flow, thereby enhancing your financial stability and achieving your aspirations.

 

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.