Finance

How to Earn Secondary Income to Save Money for a New Side Business?

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When you consider having a secondary source of income to do anything, it’s good to keep a few things in mind. These can act as factors to tick off when you choose the additional income source. These factors can include an easy process (to be able to learn it quickly), flexible timings (helpful if you have a primary job), minimal requirements (to qualify easily), and so on. Considering recent times, you may also prefer remote work.

A great online job to earn money from home that meets all the above criteria is a personal loan referral program. Here is all you need to know about how it works and how it can help you save money for a new side business.

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How Does a Personal Loan Referral Program Work?

In a personal loan affiliate program, you need to spread the word about a particular individual loan product of a lender. You need to educate people about the loan benefits/features the lender offers. At the same time, you need to encourage people to take loans who need money for different personal financial goals.

Once someone shows interest in the loan, you must help the person with the application and documentation processes. But don’t worry. You can carry them out on the best money-earning app for Android devices supported by the same lender. With every successful loan disbursal, you can get a percentage of the loan’s amount as a commission.

An example of a leading personal loan affiliate program is IDFC FIRST Bank MyFIRST Partner Program. To register yourself for it, you need to follow these steps:

  • Download IDFC FIRST Bank MyFIRST Partner App
  • Upload your photograph
  • Collect documents like addresses, identity proofs, and personal details from the borrower who approaches you.
  • Upload them on the app
  • Submit your bank account details to get your commissions
  • Verify the received OTP

Right after getting yourself registered, you can start generating leads.

How Can a Personal Loan Referral Program Help You Earn Money to Open a New Side Business?

Let’s continue with the example of IDFC FIRST Bank MyFIRST Partner Program. Every time a loan is successfully sanctioned through your referral, you can earn a commission of 1.5% of the loan amount. That way, you can get the opportunity to make more than ₹50,000 in a month. The amount multiplies 12 times yearly and can help you raise funds to start your new dream business. You need to keep using the referral app to make money online by dedicating a few hours anytime, every day, to the program. You can even win electronic gadgets and cash rewards if you perform brilliantly at zonal, regional, national, and branch levels. The latter can add to your savings.

You need to be an 18+ Indian resident and have an active account in any bank in India to qualify for the referral program. Once eligible, consider downloading the top real money-earning app, IDFC FIRST Bank MyFIRST Partner App. Then start generating side income from the comfort of your home!

Aly Jones
Twitter evangelist. Web fanatic. Lifelong travel nerd. Passionate zombie scholar. Extreme coffee fan. Amateur entrepreneur. Avid beer lover. Had moderate success lecturing about wieners in the UK. Won several awards for short selling clip-on ties in Hanford, CA. Uniquely-equipped for creating marketing channels for cod in Bethesda, MD. Spent a weekend buying and selling Easter candy in Phoenix, AZ. Was quite successful at analyzing tar in the government sector. Have a strong interest in getting to know barbie dolls for fun and profit.