How Millennials Can Earn ₹50,000 per Month

A personal loan referral program through IDFC FIRST Bank’s referral app, can help you each a second income of over Rs 50,000 per month

It is common for several agents to try to earn more, no matter what they earn at the moment. Many agents, including insurance agents and real estate agents, may want to become even more financially independent to live their dream life or reduce the risk of losing their income. With an additional source of income, you can fill the gap of having extra money to go on vacation, spend on luxury items or pay off the existing debt. Of the many avenues available today, a referral program has gained a lot of significance with organizations, including banks and financial institutions. IDFC FIRST Bank’s personal loan referral app can help agents, like you, earn a decent income without any investment. 

Using MyFIRST Partner app, you can help people, including your family and friends to avail an instant unsecured personal loan. The app helps simplify the process of application and verification of documents, making it easy for the referrals to have it at their place without going to the bank. 

You can be a part of the bank refer a friend program through the MyFIRST Partner app and refer a loan for the reasons such as:

1. You don’t have to invest any money

Most refer & earn programs today do not ask for any financial investment. Similarly, you can become the MyFIRST personal loan partner with IDFC FIRST Bank with no investment and physical documentation. Through exciting monetary compensation and rewards, you are encouraged to refer your relatives, friends, colleagues and neighbours for a personal loan. To engage you, IDFC FIRST Bank requires you to register with the MyFIRST Partner app, which offers user-friendly features to ease the process.

2. You get an opportunity to represent a recognized bank

You may have come across numerous loan referral campaigns adopted by banks and financial institutions. With IDFC FIRST Bank, you get an opportunity to become an instant loan referral partner of a credible bank. This enables you to present the personal loan products of the bank to people, and to get them easily interested in them. Furthermore, the personal loan financing is offered for different purposes such as education, holidays, marriage, and home renovation.

You can even help people who are looking for a medical emergency loan, which is offered up to Rs. 40 lakhs if they meet the eligibility requirements like being:

• at least 23 years of age
• an Indian citizen and resident
• employed in a company in India

Most of your prospective referrals are known to you, and hence, it is easy for you to find those who satisfy the above requisites.  

3. There is no limit to earning money

When it comes to a personal loan referral program, you can keep earning more money, for the bank does not have any limit to the number of referrals you provide, as well as the personal loan disbursals. Your earnings depend on how effective you are in getting high-quality referrals.

With networking and word-of-mouth recommendations, you can get customers for the personal loan at competitive interest rates. Moreover, the MyFIRST Partner app helps you provide value to your service by submitting additional information, if required, tracking the progress of the instant loan application, and so on. 

4. You can always find more people seeking personal loans

There is a significant increase in the demand for personal loans among individuals according to a survey by the Reserve Bank of India in 2020. This shows that you won’t find it difficult to come across people looking for an instant personal loan. All you have to do is to engage in organic conversations with your known people, which naturally leads to word-of-mouth referrals. What is quite interesting is you can find a personal loan for different purposes.

5. You don’t have to put much effort

By joining a personal loan referral program, you don’t have to put much effort to get referrals and submit their loan application. The paperless documentation enables you to upload all the necessary documents without visiting the bank. Moreover, you have a dedicated support team, which takes care of the complete loan process once you have submitted the application form.

Thus, referring a customer for a personal loan through MyFIRST Partner app is easy, convenient and remunerative. 

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.