Finance

How to earn a regular income with refer and earn money apps

High-paying referral programs are a popular way of earning an extra income. They help make extra money and hone your interpersonal skills simultaneously. The money earned through a refer and earn money app is directly proportional to the number of people referred via the app. Hence, when you improve your networking and interpersonal skills over time, the money you earn from referral services like the MyFIRST Partner app increases.

How does a refer and earn money app?

A refer and earn money app requires you to refer people from your social circle for a particular product/service and compensates you with a monthly income. Let us take IDFC FIRST Bank’s MyFIRST Partner app as an example. A partner registered for referral services through this high paying referral program needs to recommend people who require personal loans to IDFC FIRST Bank. Once the loan is approved and disbursed by the bank to the borrower, compensation is credited to the partner’s bank account.

The highest paying refer and earn money app

Imagine earning an additional ₹ 50,000 per month or more, other than your monthly salary! This is how much IDFC FIRST Bank’s MyFIRST Partner app can help you make every month via its refer and earn program. It is undoubtedly the highest paying refer and earn money app.

How to start making money with IDFC FIRST Bank’s refer and earn money app?

To put it very briefly, you need to follow three simple steps to start earning money through our referral services:

  • Download IDFC FIRST Bank MyFIRST Partner app
  • Register yourself as a partner on the app
  • Help people get personal loans

After this, compensation is directly credited to your bank account upon the disbursal of a personal loan to a borrower referred by you. However, there are a few other things to be kept in mind while referring people for personal loans via this refer and earn money app:

  • The loan amount can range from ₹ 20,000 to ₹ 40 lakh.
  • The loan tenure must be between 6 and 60 months.
  • To register as a partner, an individual must be an Indian citizen above 18 years of age and have a bank account with an Indian bank.

How to earn a sustainable income with the MyFIRST Partner app?

A legitimate inquiry would be whether the income received from the program is sustainable and regular. For the compensation received from this referral app to be sustainable, the number of referrals per month through the refer and earn app needs to be regular. This means you must refine your interpersonal skills and reach out to more people who might need a personal loan.

Who can earn money through the MyFIRST Partner app? 

Any individual who fulfils the three basic eligibility criteria enlisted above can be a partner and start earning money through IDFC FIRST Bank’s refer and earn app, i.e., MyFIRST Partner app. This includes salaried employees, self-employed individuals, individuals who do not practise a profession, students, retired individuals, etc.