Pamela W. Holloway Students can try earning online in a simple way. That is joining a referral marketing program. In this program, you must market a product to potential customers through word of mouth. When someone buys it, you can get a percentage of the sale in the form of a commission.
An example of a referral program is a personal loan affiliate program where you have to spread the word about the personal loan offered by a particular lender (who is running the program). That way, you must encourage people who need funds to borrow a loan.
This kind of work can be done online on the phone from home or while traveling. Just having a good internet connection can do. Read on to learn more about a personal loan referral program and its suitability for students.
How Can Students Join a Personal Loan Affiliate Program?
Let’s take the example of a leading personal loan referral program like IDFC FIRST Bank MyFIRST Partner Program. To be a loan partner of the bank, you need to market the personal loans offered by IDFC FIRST Bank verbally.
When a person shows a willingness to borrow the loan, you need to follow these steps:
- Download the real money-earning app of the bank, i.e., IDFC FIRST Bank MyFIRST Partner App
- Upload your photo on it
- Upload the required documents (address and identity proofs) and personal details of the borrower.
- Provide your bank account details to receive pay-outs from your referrals
- You’ll get an OTP which you need to verify to finish your registration process
After this, you can start generating leads right away. Every time a loan is sanctioned through your referral, you can earn 1.5% of its amount as your commission.
Why Is a Personal Loan Affiliate Program Suitable for Students?
A top personal loan referral program like that of IDFC FIRST Bank is suitable for students due to the following reasons:
- Online work from home: You need a phone for the referral program. Plus, you can do that right from the comfort of your home. This is convenient for students since they don’t have enough time to visit the workplace.
- No investments involved: The loan affiliate program is an ideal online job from home without investment. This benefits students because they usually don’t have any earnings to invest.
- Simple eligibility criteria: To join a personal loan affiliate program, you need to be an Indian citizen, 18+ years old, and hold an account in any bank in India. Students who are residents of India can easily meet these criteria and qualify for being a part of the referral program.
A top loan referral program like IDFC FIRST Bank MyFIRST Partner Program doesn’t just act as a job to earn money from home. Besides making over ₹50,000 monthly, you can win exciting rewards like electronic gadgets and cash prizes if your performance is exceptionally good. To enjoy these benefits, consider joining the affiliate program.
