Start your second income in 3 easy steps with IDFC's MyFIRST Partner Program

Whether you’re an entrepreneur or a salaried professional, creating alternative income sources is advisable. They not only help in achieving better economic stability but also increase your purchasing power.

Looking for ways to earn a passive income can do more than just add money to your bank account. You get the opportunity to build an alternative career path, pursue a passion, strengthen your resume, and make strong connections. For example, the emergence of the internet and the rise of work-from-home facilities have resulted in many alternative career opportunities, such as starting a YouTube channel, providing online tuitions, vlogging, blogging, etc.

Of course, there are other options that are more stable and structured. For instance, the IDFC FIRST Bank's MyFIRST Partner Program can help you start your second income without any external investment. All you need to do is  download the IDFC FIRST Bank's MyFIRST Partner App  on your smartphone, register for free, and start referring IDFC FIRST Bank's personal loans to your network.

Let’s look at the benefits of enrolling yourself in this program:

1. Earn Rs. 50,000 per month or more

With IDFC FIRST Bank's MyFIRST Partner Program, you can make up to Rs. 50,000 each month. This is because each time you refer a personal loan and that loan gets approved and disbursed to the borrower, you earn a payout of 1.5% on the disbursed amount.

You can use this second income to save, invest, or use in any way that you need, whether it is paying for your travels or repaying your own EMIs and bills. Additionally, there is no capping on the referral amount you can earn every month. So, why wait? Sign up for the IDFC FIRST Bank's MyFIRST Partner Program and earn money by referring

2. Get started in 3 easy steps

With IDFC MyFIRST Partner Program, you can enrol yourself for an additional income in just three easy steps. It takes less than 5 minutes to get started!

Below are the steps you need to follow to enrol yourself for the IDFC FIRST Bank's MyFIRST Partner Program:

• Download the IDFC MyFIRST Partner App on your smartphone
• Register yourself for free using your Permanent Account Number (PAN), Aadhaar card, and bank details

Click on the “Sign Up” option to get your digital ID instantly. Use this digital ID to refer personal loan products to others.

3. Easy eligibility and digital documentation

You can join the IDFC FIRST Bank's MyFIRST Partner Program by fulfilling basic eligibility criteria. Moreover, you need standard documents for this program, which you can submit digitally.

Below are the eligibility requirements:

• You must be a citizen of India
• You must be 18 years or older  
• You must have a savings bank account with any Indian bank

4. Work independently as per your convenience

IDFC’s FIRST Bank's MyFIRST Partner Program allows you to work independently, at your convenience, without putting in any additional effort or setting aside any extra time during your working hours. You can message or mail anyone in your network who needs funds, no matter the reason, and refer an IDFC FIRST Bank personal loan to them. You can do this from anywhere and anytime, depending on your convenience.

5. Weekly payout directly to your bank account

If you’re a salaried professional, you might be used to waiting till the end of the month to receive your paycheque. And if you are self-employed, your payments may only come in as and when an invoice gets cleared.

However, with IDFC FIRST Bank's MyFIRST Partner Program, you are paid weekly. You can choose to receive your payouts directly in your bank account every 7 days without the need for any additional documents.

6. Dedicated support and training

IDFC FIRST Bank also provides appropriate training and support to ensure you don’t face any trouble while referring and earning. You have access to a dedicated Relationship Manager to help out in case of any issues.

In addition to all the benefits mentioned above, this program offers the chance to work directly with the IDFC FIRST Bank. It makes for an ideal addition to your resume to get an edge over your competitors.

So, download the IDFC FIRST Bank's refer and earn app and define your own success journey!

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.