There are plenty of innovative ways to earn money without investment. An effective one is a refer and earn work. IDFC FIRST Bank MyFIRST Partner App offers a chance for a second income without investing a penny. You will need a smartphone and good communication and convincing skills to start referring their personal loan. It is also an excellent way to get associated with a large bank that may help you reap special benefits in the long run. You can get literally anyone to apply for a loan – friends, business partners, family, neighbours and other people from your social circle. This article tells you more.
How to Get Started?
Follow these basic steps. No physical documentation is required.
Step 1: Get all the required documents.
Step 2: Download the IDFC FIRST Bank MyFIRST Partner App
Step 3: Upload your photo and required personal details.
Step 4: Enter your bank details to get the payouts.
Step 5: Verify OTP and complete the registration.
A Digital ID is provided instantly after you sign up. This can be used later to track your case to stay updated. Boost your earnings worry-free and use it to pursue a hobby or help an ageing parent.
Why Refer to Personal Loans?
A personal loan from IDFC FIRST Bank can be used for many purposes. It includes:
- medical treatment
- wedding costs
- foreign trips
- vehicle purchase and
- most other kinds of personal needs.
The fund bracket is ₹20,000 up to ₹40lakhs and the EMI tenure is between 6 months and 60 months. You will simply have to use this information to attract people. Do help them with the form filing, documentation verification and other needs. Fret not. A Relationship Manager, Client Acquisition Support and experienced mentors along with a central helpline will train and guide you for the entire affiliate marketing procedure.
In return, what you get paid per referral is 1.5% of the disbursed amount as an incentive. You can earn ₹50,000 and above per month. The weekly payout is directly sent to your bank account. Additionally, you can also refer to a used car loan, business loan, savings account and a loan against property from IDFC FIRST Bank. This helps you earn above ₹1lakh a month easily. The earning from personal loan referral has no upper limit or capping. The more you refer, the more you earn- it is as simple as that.
Image of your PAN card, image of your Aadhar card, bank details (a/c no. and IFSC code) and GSTIN details are required to sign up on the IDFC FIRST Bank MyFIRST Partner App. You must also be an Indian citizen and 18+ of age with a savings account with an Indian bank. Earn money with zero investment by fulfilling these simple eligibility criteria.
The best part of this program by IDFC FIRST Bank is that anyone like housewives, students and real estate and insurance agents can do referrals. The zero-investment policy is ideal for people from tier II and tier III cities since it does not eat into your monthly budget. There is no monitoring or deadlines which makes it quite a comfortable way to earn.
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