Personal Loan Referral Program : A beginner’s guide
You can earn money from home in several convenient ways. A personal loan referral program is one of the easier methods, as it doesn’t require extensive knowledge or anything. Daily efforts for some hours can help you earn a sustainable amount online. The secondary income you generate this way can help you support your financial dependents, pay off an existing loan, plan a foreign trip, or open a side business.
Read on for a beginner’s guide to personal loan affiliate programs.
How does a personal loan referral program work?
In a personal loan referral program, you must educate people about personal loan products. When people show interest in borrowing a loan, you must guide them through the loan application and documentation processes.
How to register for a personal loan referral program?
The IDFC FIRST Bank MyFIRST Partner Program is a leading unsecured loan affiliate program. If you find someone interested in applying for a personal loan, you can encourage the person to borrow it from IDFC FIRST Bank. Follow the below steps to get started:
- Download the IDFC FIRST Bank MyFIRST Partner App
- Upload your photograph
- Enter your bank account details to receive payouts
- Verify the received OTP to complete the registration procedure
- Collect all the required documents (such as address and identity proofs) from the borrower
- Upload all the documents and the necessary personal details of the borrower
You can become a loan partner of IDFC FIRST Bank after completing the paperless online process. After joining the “refer a friend” bank program, you can start generating leads. You can get a good commission with each successful loan disbursal.
Key highlights and benefits
You can get the following benefits if you join a personal loan affiliate program like IDFC FIRST Bank MyFIRST Partner Program:
- Lenient eligibility and easy onboarding: You must pay to register yourself on the IDFC FIRST Bank MyFIRST Partner App. Plus, the eligibility criteria are simple. You only need to be an Indian resident, 18+ years old, holding an account at any bank in India. Therefore, even homemakers and students can join this program.
- Earn high referral money: Once a personal loan is disbursed to a referral, you will get 1.5% of the loan amount as a payout. By putting in consistent efforts, you can earn more than ₹50,000 per month.
- Weekly payouts: You can receive the payouts weekly, ensuring regular income. The amount is credited to your bank account directly.
- You can refer Personal Loans, Used car loan, Loan against property & Business loans. So, it is a consolidated app for multiple products to refer
- Exciting rewards: If you perform brilliantly, you can get rewards like electronic gadgets, cash prizes, and more.
Can’t wait to enjoy all these benefits? Begin by registering yourself on the IDFC FIRST Bank MyFIRST Partner App. Keep referring the bank’s personal loans to interested borrowers and earn money online while on the move or at home. At present, over 6 Lac+ partners are associated with the programme and reaping its benefits. Start today!