What Do You Need to Become a Loan Partner in India?

What does it mean to become a loan partner in India? In this kind of work, you need to spread the word about a specific kind of loan offered by a lender. So, you will work for the lender to market their loan product. When someone, through your referral, applies for the loan, you can get a percentage of the sale. In this case, it is a part of the loan amount that you earn as your commission. As you keep earning, the money will accumulate to become your secondary income.

Now you may be wondering what you need to work as a loan referral partner. If you choose a top personal loan affiliate program in India like the IDFC FIRST Bank MyFIRST Partner Program, you need minimal things to qualify for it. Here’s a look at them.

Indian Citizenship

You need to be a resident of India and have at least one bank account in India to be eligible for this loan referral program. This is because your referral money has to be transferred to your bank account. The details of this account are needed to register for the program.

The Right Age

Your age must be above 18 years to qualify for this refer-a-friend bank program. That means even while being a student, you can join this program.


A big surprise is that no qualifications are needed to be eligible for the referral program. Therefore, you don’t need to wait to get any degrees or certificates to do this kind of work. Also, you don’t need to have any working experience in any field to join the program. This makes the refer and earn open to not only professionals but even housewives and students. This is a good opportunity for more people to become financially empowered and manage their regular expenses.

A Mobile Phone and a Good Internet Connection

To take advantage of the referral program, you need the loan application of the IDFC FIRST Bank MyFIRST Partner App. So, you must have a mobile device to download the app and a stable internet connection to work on the app.

Dedication to Put Consistent Efforts

You need to consistently invest time and effort into your referral services, even if it is only a couple of hours every day. Since there are no fixed timings, you can work anytime you have the energy and mindset to do that.

If you perform extremely well at the branch, regional, zonal, or national levels of the bank, you will be rewarded with cash prizes, electronic gadgets and more.

By using the IDFC FIRST Bank MyFIRST Partner App, you can earn more than ₹50,000 in a month through consistent performance. Every time a loan is successfully sanctioned under your referral, you can earn 1.5% of its amount as a commission. The money you earn thus can help you save money for a foreign trip, a small business, debt clearance, bill payments and more. And the best part is you can work as a referral partner from home or even while travelling.


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