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Side Hustle for Engineers

Engineering is known as one of the most sought-after educational backgrounds to build one’s career, with diversified prospects and growth opportunities coming along the way. It is no surprise that engineers, in general, tend to earn high income. However, as an engineer, you might also wonder whether there are opportunities to earn an additional, passive income without investing a lot your time. Well, there are multiple ways of earning a passive income indeed! One of the most ideal among them is IDFC FIRST Bank MyFIRST Partner Referral Program which is gaining popularity by day, where you can get access to uncapped earnings without compromising on your primary sources of income or taking time off from your regular job.

Benefits of Joining

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Zero investment, uncapped earnings

Zero investment, uncapped earnings

Weekly payout directly to your bank account

Weekly commission paid directly to your bank account

Quick disbursement with zero physical documentation

Quick disbursement with zero physical documentation

Dedicated support through Relationship Manager & central helpline

Dedicated support through Relationship Manager & central helpline

Track your cases directly on the app

Track your cases directly on the app

Opportunity to work directly with IDFC FIRST Bank and participate in recognition programs

Opportunity to work directly with IDFC FIRST Bank and participate in recognition programs

First-Partner

What is a Referral Program?

A referral program aims to use the networking skills of its members to promote a product. These members must use their interpersonal skills to identify people who can use a particular product or service and recommend them. And if the referral gets converted into a sale, the member gets rewarded. These rewards can be in the form of cash, allowing these members to earn extra income and, in many cases, attractive merchandise and offers.

First-Partner

How can Engineers benefit from MyFIRST Partner Referral Program?

The IDFC FIRST Bank MyFIRST Partner Program offers an excellent side hustle for engineers from various fields. Engineers can benefit significantly from this program by using their spare time to network with their friends and contacts to earn extra income. All they need to do is use their interpersonal skills to identify people who require a loan or wish to open a savings account with IDFC FIRST Bank and help them apply for it. This is followed by checking their eligibility and then recommending them. All successful referrals are converted into payments and paid on weekly basis. This is followed by checking their eligibility for personal loans from IDFC FIRST Bank and then recommending them. All the referrals that get converted into loan disbursals pay a fraction of the loan amount to the referring member.

What is the additional income an Engineer will earn through a Referral Program?

An engineer looking for a side hustle can enrol for the IDFC FIRST Bank MyFIRST Partner Program. They earn a commission of 1.5% on every successful referral. An engineer can also  earn additional income through consistent referrals and excellent performance in various contests and championships..

Since there is no cap on the number of referrals that a person can make, an engineer can aim for a high side income. With consistent referrals, they can earn more than ₹1,00,000 a month from the comfort of their home.

How does the IDFC FIRST Bank MyFIRST Partner Program work?

The IDFC FIRST Bank MyFIRST Partner Program is a  refer and earn program wherein the candidates register on the IDFC FIRST Bank MyFIRST Partner App for free and refer loans and savings accounts to earn additional income. Once registered, the MyFIRST Partners can use their interpersonal and networking skills to identify potential candidates requiring personal loans

Subsequently, the partners need to refer IDFC FIRST Bank loans such as personal loans, business loans, used car loans and savings accounts to their contacts and help them apply conveniently through the app. In return, they earn 1.5% commission on every referral. The program also involves regular contests and championships to reward partners for their consistent performances.

As an IDFC FIRST Bank MyFIRST Partner, you can earn more than Rs.50,000 per month. More than seven lakh individuals are registered on the IDFC FIRST Bank MyFIRST Partner App to boost their earnings.

How to use the IDFC FIRST Bank MyFIRST Partner App?

You can join the referral program by downloading the app and registering for free. Here are the steps that you need to follow:

Step 1

Download the MyFIRST Partner App

Step 2

Register using PAN, Address proof, and Bank details 

Step 3

Sign-up and get your digital ID instantly 

Step 4

Refer and track loan application of your customer

First-Partner

What are the Rewards that Engineers get in the IDFC FIRST Bank MyFIRST Partner Program?

The IDFC FIRST Bank MyFIRST Partner Program does not require a monetary investment. Still, it requires the partners to devote a few hours daily to identify potential referrals. Each MyFIRST Partner gets 1.5% commission on successful referrals weekly, with the amount credited directly into their bank account. In addition, the program also offers a chance to earn over and above the 1.5% commission by participating in various contests and championships at the branch, regional, or country level. The winners of these contests are also rewarded with attractive merchandise and gadgets.

Video

Learn more about MyFIRST Partner App

Frequently Asked Questions

Is it possible to earn money while undergoing engineering studies?

Engineering education is quite elaborate, but yes, if you are disciplined with your studies and can spare a couple of hours every day, you can earn extra income, by taking up teaching or research assistantship depending on availabilities and opportunities on- and off-campus and as per rules and regulations of your institute/university. . However, you can also use your networking skills to earn from a side hustle through a referral program like the IDFC FIRST Bank MyFIRST Partner App. The program offers a side income for engineers in return for their referrals.

How can you earn a side income as an engineer?

You can earn extra income by teaching students or joining a referral program that provides an opportunity to earn extra income by referring people for personal loans.

Is the referral program time-consuming?

A referral program does not require monetary investment but a few hours for building a network daily. This time should be used to network with your family, friends, and other contacts to identify potential customers to whom you can refer and earn some extra income. Such programs are ideal for engineers looking for a side hustle.

How much can you earn by joining a referral program?

Your earnings from a referral program depend on the time devoted and the number of referrals made. The higher the number of referrals and the loan amount, the higher will be the rewards. Consistent performance can also result in additional income.

Is it possible to get assistance for any queries related to the program?

Visit the “Contact us section” on the IDFC FIRST Bank MyFIRST Partner app to get real-time assistance from the central helpline or your relationship manager.

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