How Much Time Should You Invest in a Referral Program? What are the Other Requirements?
A referral rewards program from a large bank is a convenient income source. Housewives, students, financial advisors, real estate agents and anyone else can join. You simply have to match the laid down eligibility criteria, register yourself as a loan partner on an app and start earning after every disbursal. Yes, it is that simple! No investment or special skills are required for this. Yet you can earn a sufficient amount each month along with additional perks and benefits. This is exactly what the IDFC FIRST Bank MyFIRST Partner program offers. It is a quick, flexible and convenient way to earn money. Read on.
Time to Spend on a Referral Program
The IDFC FIRST Bank MyFIRST Partner app lets you sign up within minutes as a MyFIRST Partner and earn impressive side income. There are no set hours that you must spend on the refer app. It will depend on how much income is required for different purposes like:
- supporting your education
- helping your parents
- bearing wedding expenses or
- paying off a car or a home loan
You can get ₹50,000 or more every month and receive the money directly into your bank account without hassle. Having more referrals will increase the chances of earning money. It is a good idea to be consistent to see the desired results.
Calculate your requirements and keep in mind how much you get paid per referral. The commission is 1.5% per sanctioned loan amount. Now estimate the hours that might be needed to achieve the same. It will depend on how fast you can find people who urgently need the personal loan and then convince them.
A referral rewards program must not eat into your primary job hours. Neither should it become too stressful. This is why choosing the IDFC FIRST Bank MyFIRST Partner program makes sense. It has been designed in a simple way and anyone can use it so that less time is spent in understanding how it works or making errors in the process. You can reach out to your relationship manager and mentors for any assistance.
Other Requirements of a Refer and Earn Program
IDFC FIRST Bank has simple eligibility criteria that can be easily ticked off. You have to be:
- a citizen of India
- at least 18 years or more
- in a serviceable location in India
The person who you are referring the loan to must also be in a serviceable area and an Indian citizen who is at least 23 years of age. Upload the correct documents, photograph and personal details on the app and complete your KYC compliance to avoid delays.
Make your referral marketing work with excellent convincing powers. You must talk about the many benefits of a personal loan, flexible terms, low interest rate and easy accessibility to delight people who are eligible. Do not oversell the product which might make it too good to be true. Now get paid per referral and accumulate significant wealth. Join the The IDFC FIRST Bank MyFIRST Partner program today to get started.