Refer and earn an additional income by establishing an app

Photo of author

By RandyYoumans

Refer and earn an additional income by establishing an app that allows you to refer and earn. How do you get started?

Do you have anything better than making money online? Wouldn’t you like to see money creeping into your account at the bank? It’s possible. With the growth of Internet penetration, there is always a possibility to earn money at the comfort of your home with no investment. That means earning a second income isn’t a fantasy.

Earning extra money can help realize your dreams. The second income you earn will enable you to live the life you would like. The majority of financial institutions, including banks, rely on customers to get new clients by recommending. Refer and earn money apps allow anyone to make money on the internet through the internet and through word-of-mouth marketing. Numerous banks make use of online referral applications to increase trust with their customers and expand their network.

Banks offer a referral program that lets anyone earn an income that is steady from this possibility. IDFC FIRST Bank is a unique institution that offers a personal loan referral program that you can earn not less than 50K every month by making referrals to customers for personal loans.

You must meet the eligibility requirements, which should be:

Indian citizens must be at the bare minimum 18 years old

  • residing in India
  • maintaining an active bank account

using a mobile phone with an active Internet connection

Being a partner of IDFC FIRST Bank requires that you download and register with IDFC FIRST Bank MyFIRST Partner Application. It is important to know how to complete it.

1. Sign up and download the IDFC FIRST Bank MyFIRST Partner App

IDFC FIRST Bank has one of the most well-known and popular referral apps in India. You can download it through Google’s PlayStore and Apple’s App Store for your mobile. You can also download it from the bank’s site and sign up by entering your name and date of birth as well as your registered mobile number, email address, PAN card number, as well as Aadhaar Voter’s or Card numbers and submit it with the supporting documents like:

  • A passport-size photo
  • Copy of your PAN Card and Aadhaar Card Voter ID, PAN Card or your passport
  • The bank’s details, such as the account number and IFSC Code
  • GSTIN details when relevant

Before submitting them, have to verify your one-time password (OTP) that you have received from your mobile number that you registered.

2. It is possible to grow your business by establishing a solid referral network

It is possible to network and build relationships with your friends and gain more recommendations for loans. Most people like to know whether there’s a way to get their issues solved quickly. A financial emergency makes people seek out instant loans from a trusted source. It is possible to help your relatives, neighbours or friends by providing personal loans that range from 40 lakhs with competitive rates.

Inform them about your business and how it can help them with any financial emergency. The majority of people are in need of quick loans to finance weddings and children’s education holidays, home improvements, down payment, and medical expenses. They need someone to assist them solve their issues. Being a personal loan referral partner you can easily solve the problems of your clients and establish trust.

3. Help people get instant loans

Using the IDFC FIRST Bank earn money application, you can help potential referrals to apply for loans by filling out an application form, containing the required details and supporting documents which include scanned copies of a PAN Card, Aadhaar Card, or Voter’s ID, and the last 3 months bank statement. The loan’s approval depends on the credit history of the person applying and repayment capacity, as well as employment status.

4. Every week, receive payouts

After the loan has been disbursed, you will be qualified for an incentive or commission of a certain percentage of the loan amount disbursed. Every week, it is credited to your account at the bank.