Like most marketing companies, banks and financial institutions also have a referral program to get more referrals down the funnel. No wonder, referral marketing is considered to be the most trusted type of marketing, for about 86 percent of customers trusted it according to a study conducted recently. Banks have their own refer and earn money app to get referrals from their loyal customers, who join the referral program to earn a second income online.
If you wish to join a referral program, here is one of the important ways to make money online. Using the IDFC FIRST Bank’s MyFIRST Partner App, you can increase your income by getting more referrals. Get to know how it is.
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Join the personal loan referral program of a recognized bank
By registering with the MyFIRST Partner app, you can become the personal loan referral partner of IDFC FIRST Bank and help people who want to avail a personal loan. In the process, you have to provide your personal details, including your name, address, date of birth, bank details, mobile number and email address and submit the copies of essential documents such as a PAN Card, Aadhaar Card or driving license or voter’s ID for verification.
Get your family members and friends as referrals
Once you have successfully done with the partner registration, you have to start referring personal loan prospects through one of the highest paying referral apps. If you want to provide high-quality referrals, you have to put conscious efforts to cultivate them. Talking about your experience of acquiring a loan from IDFC FIRST Bank with your family members, colleagues or friends will help you get high-quality referrals. As they know you, they trust you.
The word-of-mouth referrals happen naturally when you share a great customer experience. Moreover, if you understand their need, you will be able to deliver what they want. For instance, IDFC FIRST Bank offers personal loans for various purposes such as marriage, travel, education, medical requirements, home renovation, and more. As a referral partner, you need to ensure the eligibility requirements of applicants, and also the validity of the documents you submit online for an instant loan.
Tell them why availing a personal loan online is beneficial
Not many people are still aware of the benefits of applying an instant loan online. You may get more people interested in a personal loan if you let them know the benefits of applying for it online. A few important ones are:
- Minimal documentation
- Get a loan of up to 40 lakhs
- Quick approval
- No need of visiting the bank
- Low interest rates and a processing fee
- Flexible repayment option
- Receive compensation for your referrals
As a personal loan referral partner, you receive compensation for every disbursement of a loan amount. The amount is credited to your account after the disbursement of the loan. This ensures earning extra money regularly.
Earn more by getting more referrals
You can earn money by referring a person you know well if it is converted into a customer. All you have to do is to have a steady stream of referrals through active conversations. To build referrals, you need to set a target with a timeline, identify the customer, share your experience, help them to apply for a loan and follow up.
This is how a refer and earn money app will help drive more referrals and earn extra money online.