Personal loan referral services are great for all the involved parties. You earn an extra income online through word of mouth and without investments. On the other hand, a person in need of urgent cash gets easy access to a loan product, receives assistance in filling out the application and document verification, and gets the money in their account.
It is an extremely useful and effective tool. It lets you earn surplus income to build an emergency corpus or give wings to your dreams like an abroad trip or higher education. But can you get the desired amount with a referral program? This article tells you more.
Earnings from a referral program
The IDFC FIRST Bank MyFIRST Partner App is a new earning app that offers a unique way to generate a second income. You can earn a sustainable income using their attractive personal loan referral program.
Start by associating yourself with the bank and becoming an individual loan partner. Later, you should refer the loan to anyone like friends, family and neighbours who may be looking to borrow money.
They are more likely to trust you rather than ads in newspapers or on social media channels. Build a wide network and earn with every successful loan. Use this money to pursue a hobby, cater to family events or make a big-ticket purchase.
Wondering how much you can get paid for referrals? Well, you get 1.5% of the personal loan amount disbursed!
A steady performance helps you earn more than ₹50,000 per month so that you can stretch your budget and tick off your bucket lists. This makes the IDFC FIRST Bank referral program is one of India’s highest-paying ones. Further, bonuses, gifts, and cash prizes are exciting add-ons.
Tips to pull-in new customers
You should have excellent persuasion, convincing and interaction powers to be able to successfully earn money by referring. Make them aware of the top benefits of taking a personal loan from a reliable bank. For instance:
- An eligible person can borrow between ₹20,000 to ₹40 lakhs
- Choose flexible repayment tenure between 6 months and 60 months
- No hassle of security or collateral
Further, ensure they know that you will help them at each step of the loan application to disbursal process for a smooth borrowing experience. This could also be useful in times of emergency so that they can focus on other critical tasks. Lastly, talk about how easy the eligibility criteria are.
They must be 23 years and above, an Indian citizen and residing in a serviceable region of the country. You can also tell them the ease with which they can avail of loans with the IDFC FIRST Bank MyFIRST Partner App. It will be done via a reliable app without having to step out of their homes.
Download the IDFC FIRST Bank MyFIRST Partner App right away to start earning! The more contacts you introduce, the more you increase the chances of earning handsome payouts per month.