Did you know? Millennials can earn ₹50K and more per month without investment

The MyFIRST Partner program is one of the most effective ways through which millennials can earn a passive income to support and elevate their lifestyle

Download IDFC FIRST Bank's refer and earn app today and start earning extra money – and, most of them would instantly say “yes”! And why not? To cope with growing lifestyle changes, fashion demands and other socio-cultural standards, millennials need more money than any other generation felt like they needed in the part.

However, many millennials believe that coping with an urban-influencer lifestyle is not possible! Not many youngsters know that there are extra income sources, apart from your routine monthly salary. There are several affiliate programs that can help you earn additional income. 

First, let’s check if you’re a millennial:
 

• Millennials, also known as Generation Y or Gen Y
• They are the demographic group following Generation X, and preceding Generation Z
• Researchers and popular media use the early 1980s as starting birth years of millennials
• The mid-1990s to early 2000s are the ending birth years, with the generation typically being defined as people born from 1981 to 1996
• Most millennials are the children of baby boomers and early Gen Xers
• Millennials are often the parents of Generation Alpha, if they choose to have children

How can IDFC FIRST Bank’s Personal Loan connector program benefit millennials?

The MyFIRST Partner program is one of the most effective ways through which millennials can earn a passive income to support and elevate their lifestyle. It can help anyone who is looking for a part-time job, a college student struggling to pay his/her tuition fees, a homemaker looking for a financial freedom or anybody who wants to pay off the debts and become financially stable. Most people today want to know how to earn extra income to meet expenses.

A referral partner program can help them have an additional income through word-of-mouth recommendations. The IDFC FIRST Bank’s MyFIRST Partner App is a referral program that helps anyone to have work from home ideas without any investment. As a referral partner you have to promote IDFC FIRST Bank’s personal loan products among your family members, colleagues and friends.  

Your relatives and friends trust you more than anyone else when in social circles. Their decision about buying a product or service or applying for a personal loan depends a lot on your suggestion for they learn more about it through your experience. IDFC FIRST Bank’s refer & earn money program enables you to refer prospective applicants for a personal loan with a chance to earn more than Rs 40,000 on successful loan disbursements. The reward per referral is related to the loan amount and paid after each disbursal.

The personal loan referral program is best suitable for anyone to earn money online. To make use of the online money earning app without investment, you need to:

Become a millennial referral partner or millennial connector

For a referral partner, you do not have to invest any money, but just a good investment of time and effort. In the process, you help your friends, family members or colleagues to get personal loans to meet their urgent financial needs. You can become a referral partner if you have a bank account, and then, download MyFIRST Partner App and register your name by providing: 

• A copy of your photo
• Personal details such as the name and date of birth
• PAN Card
• Address proof (Aadhaar Card or Voter ID)
• Bank details

On submitting the above documents, you will receive an OTP for verification on your mobile phone. After the verification, you can access the app as a referral partner. 

Assist people in getting a personal loan

As a connector for IDFC FIRST Bank, you can help potential customers get a personal loan. Peer-to-peer marketing is one of the aspects behind a person’s buying decisions. You can approach anyone who you know well with the IDFC FIRST Bank’s best personal loan offers. They trust you and apply for a personal loan. Later, they may refer their friend or relative to you if they have a good customer experience. Thus, you can have more customers interested in personal loans through word-of-mouth recommendations.

Make sure that your referrals meet the loan eligibility requirements

If you want to earn more through a personal loan refer & earn app, you need to ensure that your applicant meets the loan eligibility criteria and other documental requirements. With this, you can achieve 100 percent successful loan disbursement rate for all your referrals.

Know the status of loan applications

Most referral apps work successfully if they are appropriately used. The IDFC FIRST Bank’s MyFIRST Partner App allows you to follow up and know the status of the loan applications. Personal loans online are usually processed and approved quickly.

So, if you’re a millennial, you can always sign up and become a personal loan referral partner. Once you begin to get high-quality referrals, there’s no end to how much money you’ll quickly make. Download MyFIRST Partner App today and start earning extra money.

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.