It is respectable to work as a loan agent of a reputable bank. In this role, you need to work for a loan referral program of the same bank. Say, it is a personal loan referral program. Here, you will have to market the personal loan of the bank to potential borrowers and encourage them to apply for it. Once they approach you for that, you need to help them with the application. With each successful loan disbursal, you can earn a commission which will be a percentage of the loan amount.
Personal loans help people finance various financial goals like opening a business, clearing an accumulated debt and so on. By educating people about these loans and helping them apply for the same, you will be doing a great job. That being said, here is all about how to become a loan partner in India.
How Can You Join a Personal Loan Referral Program?
First, you have to choose a trustworthy loan referral program of a renowned bank. The IDFC FIRST Bank MyFIRST Partner Program is leading loan affiliate program in India. To work under this program, you need to market the personal loan offered by the bank. When an interested borrower approaches you, you need to collect their documents for the application process.
You can register yourself for the refer and earn program by following these steps:
- Collect the necessary documents from the borrower. Generally, these are the person’s address and identity proofs.
- Download the IDFC FIRST Bank MyFIRST Partner App on your device.
- Upload your photo.
- Upload the collected documents and the required personal details of the borrower.
- Provide the details of your bank account in which you want to receive referral money.
- You will get an OTP. Just verify it and you will be registered.
Now you can start to generate leads right away and earn money by referring.
How Can Joining a Personal Loan Referral Program Benefit You?
If you become a loan partner in India of a reputed bank like IDFC FIRST Bank, you can get several benefits as follows:
- High referral money: Every time a loan is successfully disbursed through your referral, you will earn 1.5% of its amount as your commission. This way, you can earn over ₹50,000 in a month which can be an impressive side income.
- Weekly payouts: The referral money will be directly transferred to your bank account every week. So, you can expect a steady and regular inflow of the money you earn.
- Great rewards: If you perform exceptionally at the zonal, national, regional or branch levels of the bank, you can win rewards like electronic gadgets and cash prizes.
- Easy eligibility: You just need to be an 18+ Indian resident holding a bank account in any Indian bank to qualify for the program. So, students and housewives besides professionals can also join the referral service.
Can’t wait to enjoy these benefits? Consider joining the IDFC FIRST Bank MyFIRST Partner Program today and earn money online from the comfort of your home without any investment.
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