7 Reasons To Make Money from Home with MyFIRST Partner

Financial wellbeing is a major concern for most of us. Disruptions brought on by the pandemic, job insecurity, and uncertainty around the future makes us feel vulnerable. To bring in predictability, peace of mind, and scale our earning potential, it has become necessary to explore alternative career options or a secondary source of income.

Given the constraints of having a full-time job and the needs of a family, one needs a side gig that doesn't require a lot of time, offers the possibility to make a handsome earning, and more importantly, can be managed from home or on the move. If you're wondering how to make money from home without any investment and flexible time commitment, IDFC FIRST Bank has just the opportunity for you.

Join the IDFC FIRST Bank's MyFIRST Partner Program
 

IDFC FIRST Bank, one of India's leading financial institutions, offers a unique opportunity to generate a consistent, substantial secondary income through a personal loan referral program. On becoming a partner, you can make recommendations for IDFC FIRST Bank personal loans to your family, friends, and acquaintances who need a personal loan. Every successful disbursal through your referral awards you a payout.

Refer and earn is a simple and straightforward alternate career option, and here are the features and benefits that make it the perfect solution for your secondary income needs.

1. Work at your convenience:
 

You don't need to dedicate a fixed time or number of hours. All you need to do is understand the financial needs of the people around you. It may be a family member looking for funds for their child's marriage or an office colleague who needs a stop-gap arrangement for their home renovation. Make your referral pitch anytime, anywhere and instantly log your request via the IDFC FIRST Bank's MyFIRST Partner App. Your timely assistance can be invaluable for the people around you!

2. Zero investment:
 

There is absolutely no monetary investment required from your end. There are no joining, membership, or renewal fees. No literature or kits to be purchased. All you need to do is download the IDFC FIRST Bank’s MyFIRST Partner App and sign-up for the program for free. There are no joining barriers either. Whether you are a working professional, homemaker, student, or retired person, the opportunity to partner with IDFC FIRST Bank is open to all, providing an excellent opportunity to make money from home.3. Unlimited earnings:

Perhaps one of the most significant benefits of joining the IDFC FIRST Bank's MyFIRST Partner Program is the potential to make a healthy secondary or parttime income. Through this refer & earn app, you earn a flat 1.5% of the disbursed amount for every referral made. Assume if you make multiple referrals amounting to Rs 20 lakh in a particular month, you could make a sweet Rs 30,000 of it. The potential for earning extra is unlimited- the more referrals you make, the higher are your earnings. What’s more, you can earn more than this flat payout by participating in various contests. The payout can go upto 2.25%* per case basis various achievements on disbursal volume.

3. Earn as you go:
 

Keeping in mind the financial requirements of partners, IDFC FIRST Bank makes swift referral payments on a weekly basis. You don't need to accommodate for a long 30 to 60 day credit period or wait till a certain threshold of disbursals happens. The funds are directly credited to your registered bank account, within 7 days of disbursal, making it easier for you to manage your expenses or build on savings.

4. Robust backend support:
 

IDFC FIRST Bank is with you along the way for any assistance you need. Whether you need help on onboarding or understanding the product suite or require support regarding applications or specific customer needs, an IDFC FIRST Bank representative will always be available for training and support. You will also be assigned a dedicated Relationship Manager as a single point of contact for all concerns. IDFC FIRST Bank also provides regular training, support, and business development opportunities.

5. Do more earn more:
 

Besides offering you real ways to make money from home through referral earnings, IDFC FIRST Bank makes the partnership more beneficial for you with various reward and recognition programs. Cross stimulating milestones, see how other partners are performing, build contacts, learn strategies to enhance referrals, have fun, and become an integral member of the IDFC FIRST Bank's family.

6. Become a changemaker:
 

In addition to generating a structured income stream for yourself through an alternate career, this program allows you to help people get timely finance that enables them to overcome their constraints. Someone may be in urgent need of funds to pay for hospitalisation, someone needs to ensure their business operations can continue running smoothly, or someone may need the funds to support their family during a job loss. Helping people get financing at the right time can make a world of difference to them. So, you are not just earning extra income but also helping individuals survive crucial financial challenges and achieve their goals.

Getting started with the IDFC FIRST Bank's MyFIRST Partner Program
 

To join, you only need to be an Indian citizen and over 18 years old with a Savings Bank A/C. No complex procedures, difficult requirements, tedious paperwork, or rigorous screenings. You get to earn money online without investment and minimal barriers. Whether you are a student, a homemaker, or someone looking for a secondary income stream, these minimal prerequisites ensure that the program is accessible. So, what is the process?

All it takes is your smartphone and under five minutes to sign-up and get on a new exciting journey to make money from home.

Once all requisite details are furnished, you will receive your unique partner digital ID, using which you can start making referrals for personal loans, track applications, and get updates on referral payouts.

The answer to your question of how to earn money from home has never been easier. Take the opportunity to meet more people and solve more financial needs. Over a period of time, you could build a strong professional network through successful referrals that can help scale up your earning potential and generate steady income. Who knows, over a period of time, this part time gig could turn into your primary source of income, and you could rope in other people from your network as well to scale up further.

Tips to build a successful career with MyFIRST Partner Program
 

Here are some useful tips to help you thrive in this program:

Understand the product thoroughly
 

Even though you work from home and earn money through referrals, it is important to have knowledge about who and what you are referring to. Make sure you understand every detail about IDFC FIRST Bank's personal loans, be it the current loan amounts, interest rates, repayment options, and any other needed details. This will help you to answer questions with confidence and give accurate details to your referrals.  

Stay updated
 

Loan terms and details often change. As a referral partner, it's your responsibility to stay informed about these changes. Knowing the latest about IDFC FIRST Bank's loans and interest rates isn't just about giving correct information. It's also about building trust with the people you refer. You make yourself appear authentic by giving them valid updated facts that they can rely on. This trust helps you keep a cordial relationship with your referrals and make money online through the app.

Remember that your network is an asset
 

Explain the program to your friends, relatives, and workmates. The more people you connect with, the higher your chances of finding personal loan applicants. This direct engagement will boost your referral base and offer you more ways to earn money online without investment.

Maintain professionalism
 

When talking to people, always be professional. Being respectful helps build trust. People will value your opinion on products, and you are likely to be listened to if they trust you. Professionalism helps you build lasting relationships and get more referrals over time.

Use social media
 

Using social media sites like Facebook, Twitter, Instagram, and LinkedIn regularly helps you reach more people. Post useful information about IDFC FIRST Bank's personal loans, highlighting features like big loan amounts, an easy application process, and fast approvals. This method lets more people gain awareness and can bring in referrals from outside your usual group of contacts.

As such, engaging content on social media can increase your referral count and enhance your work from home career with IDFC FIRST Bank.

Manage time wisely
 

Good time management is paramount. This becomes more important when you have to balance this with other commitments. Allocate specific hours to this work to stay organised and focused. You can dedicate certain hours of the day or specific days in the week for networking, managing referrals, and educating yourself about the latest in the program and banking products.

Set practical goals
 

This refer & earn app offers you real ways to make money from home, but setting clear and achievable goals is still important. This method will help you stay motivated and focused. Begin with small, easy-to-reach goals and gradually make them bigger as you get more used to the program.

Regularly follow up
 

After you refer people and they sign up, your job isn't done. Routine follow-ups with your referrals are important. Check in with them throughout the loan process. These follow-ups can be done through a phone call, an email, or even a message on social media. This shows that you care and are available to help.

Refer to the Frequently Asked Questions (FAQs) here to know more about the program.

Over 8 lac people have already signed up on the app.
 

What are you waiting for! You can refer business loans, Pre-owned car loans, Loan against property, Personal Loans and Savings Account to earn more money from the app. With IDFC FIRST Bank’s product suite on the app, you can find many reasons and increase your span of conversion from your network. Easily earn over 1 lakh* per month by referring this suite. Download the IDFC FIRST Bank's MyFIRST Partner App today and get started on your journey of financial independence with this alternative career option.





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.

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.