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The world is still reeling from the adverse effects of the pandemic as many people’s financial situation has been hardest-hit. Many businesses and offices are still closed and several people don’t have jobs. If there’s one thing that the pandemic taught us, it was this – having multiple sources of income is a necessity, and having a second income is key to managing your finances well.
The increasing use of the Internet has helped people with numerous opportunities to make money online. If you are one of those looking for passive income ideas, you can find refer and earn apps, which help you have an extra income every month. Like companies, banks also join the referral marketing campaign and encourage their customers to refer the people they know well for personal loans.
You can find such online banking services gaining a lot of prominence by helping you earn extra money by referring. IDFC FIRST Bank’s MyFIRST Partner app is a genuine refer and earn app, which rewards you for every loan referral you give. To use the app, you need to register your name and start referring people for a personal loan.
Know how to earn money through MyFIRST Partner app?
The IDFC FIRST Bank’s MyFIRST Partner app helps you have a second source of income, and provides you backup for any financial emergency. To join and earn money, you have to:
Download the MyFIRST Partner app and log in
To be a personal loan referral partner, you have to download the MyFIRST Partner app from the Google’s Play Store or Apple’s App Store and register your name by filling in your personal details. You are also required to upload the copies of supporting documents such as your:
- PAN Card
- Aadhaar Card, Voter ID or Passport
- Bank details
- GSTIN details, if any
After you have uploaded the documents, you will receive an OTP on your mobile phone for verification. Once you are verified successfully, you can start referring people for a personal loan.
Build your referral network
Have a plan and a particular process in place to build your referral network. Simply asking people for personal loans may not be appropriate. You need to put in conscious effort in networking, which may be time-consuming but it is worthy. You can make a list of relatives, friends, neighbors and colleagues who may require a personal loan online for marriage, renovation of home, hospital expenses, education, and so on. You can tap potential referral prospects with word-of-mouth recommendations.
Assist people in applying for a personal loan
You can help the people who you know well with IDFC FIRST Bank’s most competitive personal loan offers through the app. They can have a hassle-free loan up to Rs. 40 lakhs on flexible terms. When you refer someone who you know, the relationship manager of the bank will contact the customer and provide complete support until the approval of the loan.
Look for quality referrals
If you want to have each personal loan application approved, get only quality referrals, who meet the eligibility requirements of a personal loan. With quality referrals, the integrity and trust increases.
Get cash bonus and exciting rewards
The bank pays you a certain amount of the disbursed loan amount as a reward for your work. You have a chance to earn exciting rewards if you could convert most of your referrals into positive loan applicants.
There are not many extra income jobs like this, which can help you have a regular extra income every month.
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