How can a side hustle transform your finances and change your life?

The concept of a traditional 9-to-5 job is evolving rapidly in India. Today, a lot of people are embracing realising the importance of side hustles in order to secure their finances. One particularly promising avenue is referral programs offered by prestigious institutions like IDFC FIRST Bank, which has introduced the MyFIRST Partner referral program, enabling individuals to earn over ₹1,00,000 as a secondary income by referring personal loans to friends and family. Let's dive into how a referral program like IDFC FIRST Bank's MyFIRST Partner can be the ultimate side hustle.

Here is how a referral program can be the best side hustle:

Take a look at how becoming part of a referral program can be a beneficial move:

1. Referring personal loans through the MyFIRST Partner app is convenient
 

The MyFIRST Partner app makes the process of referring personal loans incredibly convenient. You can refer loans online through the app, without necessarily having face-to-face interactions. Using the MyFIRST Partner app, you can refer loans to your friends and acquaintances, making IDFC FIRST Bank’s referral program a side hustle that seamlessly integrates into your daily routine.

2. You need not allot several hours a day to the MyFIRST Partner program
 

Unlike many side hustles that demand a substantial time commitment, you can participate in the MyFIRST Partner referral program alongside your primary responsibilities. You can refer loans during your coffee break or your leisure time. This flexibility ensures that you can augment your income without feeling overwhelmed.

3. You need not make any initial investment
 

Starting a business or investing in a side project often requires a significant initial investment. However, with the MyFIRST Partner referral program, you don't need to put in any money upfront. You're leveraging your network and contacts to refer potential customers to the bank, without any financial risk.

4. IDFC FIRST Bank directly deposits earnings to your account
 

The financial aspect of a side hustle can often be the trickiest to manage. The MyFIRST Partner referral program simplifies this by directly depositing your earnings into your bank account. This streamlines the payment process, ensuring you receive your hard-earned money on time.

5. You can improve your interpersonal skills through the referral program
 

Engaging in a referral program requires effective communication and relationship-building skills. By connecting with potential borrowers and explaining the benefits of IDFC FIRST Bank's offerings, you're honing your interpersonal skills. These skills are valuable for your side hustle and professional growth.

6. You gain the experience of working with an established Indian bank
 

Collaborating with a well-established institution like IDFC FIRST Bank provides you with exposure to the banking industry. You're not just referring to loans; you're becoming a part of a larger financial ecosystem. This experience can be immensely valuable and may even open up avenues for further career growth.

Who can sign up for the MyFIRST Partner Referral Program?
 

The accessibility of the MyFIRST Partner Referral Program is one of its defining features. The eligibility criteria is straightforward, ensuring that a wide range of individuals can participate and earn a 1.5% commission one every successful loan referral. To sign up for the program, you must be at least 18 years old, an Indian citizen, and have a savings account with an Indian bank. This inclusivity allows students, working professionals, homemakers, and retirees to engage in this side hustle. Whether you're looking to supplement your existing income or embark on a new financial venture, the MyFIRST Partner Referral Program offers an opportunity for all.

Referral programs like IDFC FIRST Bank's MyFIRST Partner stand out for their convenience, minimal time commitment, and the potential to earn a substantial income. Choose this new side hustle technique to start building a second source of income today! 

 

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.