Last Updated on January 25, 2024 by Asfa Rasheed
An affiliate program is one in which an influencer or a business sends sales or traffic to another business and therefore earns a commission. But you don’t need to be an influencer to earn money this way. If you join a referral program for all, such as a suitable unsecured loan affiliate program, you can earn money similarly. An example of an unsecured loan is a personal loan. If you want to know more about this kind of affiliate program, read on.
What Do You Need to Do As Part of an Unsecured Loan Affiliate Program?
In a personal loan affiliate program, you need to verbally spread the word about the personal loans offered by a particular lender. You need to tell people about the features and benefits of the loan. When someone is interested in taking the loan, you can help the person through the application process.
If you join IDFC FIRST Bank MyFIRST Partner Program, you have to follow these steps to register yourself:
- Collect the needed documents (such as address proof and identity proof) of the borrower.
- Download the IDFC FIRST Bank MyFIRST Partner App on your device.
- Upload your photo.
- Upload the documents and the necessary personal details of the borrower.
- Enter the details of your bank account in which you wish to get your payouts.
- When you get an OTP to register, verify it. Your registration procedure will be done.
Once you are registered, you don’t have to wait at all to start generating leads. Every time someone applies for the loan through your referral, you will earn a commission.
What Are the Benefits of an Unsecured Loan Affiliate Program?
If you join a top personal loan affiliate program in India like the IDFC FIRST Bank MyFIRST Partner Program, you can receive the following benefits:
- High referral money: Every time a borrower takes a personal loan from the bank through your referral, you will receive 1.5% of the loan’s amount as your commission. Thus, you can earn above ₹50,000 every month if you continue to perform consistently.
- Weekly payouts: The payouts are disbursed every week to your bank account directly. Thus, you can have a steady inflow of side income to pay for regular expenses. Plus, you can withdraw the funds anytime without any hassle.
- Exciting rewards: If your performance is excellent at the branch, national, zonal or regional level of the bank, you can win great rewards like electronic gadgets and cash prizes.
- Lenient eligibility and onboarding: You simply need to be an Indian resident older than 18 and have an account in one of the banks in India to qualify for this program. Therefore, students, housewives and professionals all can join the program. Plus, you don’t need to make any investment in that.
Consider joining the leading personal finance affiliate program like IDFC FIRST Bank MyFIRST Partner Program today and enjoy all these benefits! You just need a mobile device and a stable internet connection to work on the program from home or even while traveling.