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    Home»Finance»Learn how to use a referral program app to earn Rs 50K
    Finance

    Learn how to use a referral program app to earn Rs 50K

    Lauren AndersonBy Lauren AndersonNovember 19, 2021Updated:November 22, 2021No Comments3 Mins Read
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    One of the most effective forms of marketing that helps you earn more than Rs 50,000 every month online is a bank loan referral program. People today look for an extra income or a second salary to meet their expenses. A referral partner program helps them earn money through sharing customer experience and word-of-mouth recommendations. The MyFIRST Partner personal loan app from IDFC FIRST Bank is the best referral app to make money. 

    You can help people who you know have a personal loan and in return get paid more than Rs 50,000 every month, along with rewards and cash per referral.  When in social circles, your friends and relatives trust you more than anyone else. And their purchasing decision depends on your suggestion for they learn more about a product or service through your experience. With such high paying referral programs, you can earn more money online with having to invest any money.  

    How to become a referral partner of MyFIRST Partner personal loan app?

    To become a referral partner, you do not need to invest any money but just put some time and effort. All you need to do is to help your family members or colleagues to get even emergency loan online to meet their urgent financial needs. If you want to become a referral partner, you should have a bank account. Then, you have to download MyFIRST Partner app and register your name by using:  

    • A photo 
    • An ID proof or Aadhaar card
    • Address proof
    • Address details
    • Personal details such as the name and date of birth

    Once you submit these documents, you will receive an OTP for verification on your mobile phone. After the verification, you become a referral partner and access the app. 

    Help your family and friends get personal loans on flexible terms 

    Peer-to-peer marketing is one of the important factors behind one’s buying decisions. With this referral marketing business, you can approach a friend, colleague, or neighbour with the lowest personal loan offers, who trusts you and opts for a personal loan from a bank suggested by you. On having a good customer experience, they will refer their friend or relative to you.  Thus, through word-of-mouth recommendations, you get more and more clients interested in personal loans. 

    Make sure the referrals meet the eligibility requisites

    It is important that you ensure your customer’s eligibility criteria and other documental requirement. This will help you achieve 100 percent successful loan disbursement rate for all your referrals. This way you can gain trust of your customers as well as the bank. 

    Track the application

    With this personal loan bank app, you can follow up and know the status of the loan applications. Instant loans online are processed and disbursed quickly.

    Earn money on each Loan disbursal 

    The most significant feature of a personal loan referral program is you get paid on every loan disbursed. The money will be credited to your account every fortnight.

    With the IDFC FIRST Bank’s referral program app, you can earn more money online without investing any money. 

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    Lauren Anderson

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