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MyFIRST

Be your own boss! Run a start-up from home, without investment

Summary: Be your own boss! Find out how you can make use of a Personal Loan referral program by banks to run your home business. Know more!

16 Nov 2021 by Team FinFIRST

Find out how you can make use of a Personal Loan referral program by banks to run your home business


You may have come across people looking for more than one source of income. They think that they don’t earn enough. The reasons for many individuals and entrepreneurs seeking ways for multiple sources of income may be to increase purchasing power or attain greater economic security. The increasing possibilities offered by the Internet has opened doors for earning extra money through apps. A referral program app is one among them, which helps you to refer a person who you know for a particular product or service. 

IDFC FIRST Bank’s MyFIRST Partner app is a refer & earn app, which allows you to become a connector for a personal loan and help your family, neighbours, friends and colleagues get a personal loan at a low interest rate. To join a personal loan referral program, you don’t need any investment; instead, you have to spend some time networking.

Using MyFIRST Partner App, you can have an additional income, for which you have to:

1. Join the personal loan referral program


To become a loan partner of IDFC FIRST Bank, you have to download the MyFIRST Partner app and register your name with it. For registration, you need to follow a few easy-to-do steps:

Step 1: Check your eligibility for the program, for which you need to:

  • Be a citizen of India
  • Be at least 18 years or more
  • Be in a location where the service is available

Step 2: Submit the copies of certain documents like a PAN Card and Aadhaar Card or Driver’s License or Voter’s ID, and provide your bank details like the account number and IFSC code, and GSTIN, if you have one.

Step 3: Upload a copy of your photo

Step 4: Scan and upload the scanned copy of your PAN card

Step 5: Provide all the required personal details

Step 6: Provide your address and the scanned copy of your address proof

Step 7: Get an OTP on your registered mobile number to enter

These steps will help you to become a partner of a recognized bank like IDFC FIRST Bank

 

2. Get your referrals


Being one of the most important steps of a personal loan affiliate program, you need to have a plan and strategy to help referral marketing work for a competitive advantage. Having more referrals will in turn let you earn more money. Building a good referral network asks for word-of-mouth recommendations, which should happen naturally through conversations.

You don’t require any investment for this, but it is very effective within your circle of friends, family and peers at work. By letting them know that they can avail instant personal loans at a low rate of interest will delight them. 

3. Help people you know get a personal loan instantly


The IDFC FIRST Bank’s personal loan referral program allows you to send as many referrals as you want and increase your earnings. In the process, you get a chance to help people who are eligible for a personal loan. IDFC FIRST Bank’s personal loans are available for various purposes such as holidays, education, medical emergencies, marriage, house renovation and maintenance, etc. To have an uninterrupted earnings, all you need to ensure are they meet the eligibility requirements of a personal loan.

IDFC FIRST Bank’s MyFIRST Partner app is a refer & earn app, which allows you to be your own boss and run your own finance-related start-up from the comfort of your home. To join the personal loan referral program, you don’t need to make any investments. All you have to do is spend some time networking.

 

4. Track the status


The app helps you find the status of the personal loan application and update the applicants. By logging into the app and clicking the “In Progress” tab, you will get to know how far the application has been processed.

People usually want to live a fulfilling life, which makes an additional source of income a necessity. The MyFIRST Partner app helps you earn extra money, while helping people you know meet their urgent financial emergency. 

 

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.

The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirstbank.com for latest updates.