A side income source is an excellent way to deal with a cash crunch. However, due to time constraints, most people cannot pursue a side gig. With online sources of money such as referral apps and affiliate programs, it is now possible to earn extra income without any hassles. You can conveniently spend 2-3 hours every day from the comfort of your home. But, before you begin, you need to find some good and genuine online resources for earning money. In the article below, you can find the highest-paying referral apps for your side gig.
What is a referral program, and how does it work?
In simple terms, a referral program, also known as a refer-and-earn scheme, promotes a product through person-to-person referral. The company pays you a share of the commission for every referral you make. With a strong network of individuals, you can earn a decent amount to meet your expenses and save for future needs.
App referral is one of the most common programs where you must promote your app in your peer network. For every download or registration, you earn rewards or cash bonuses. However, you need also to be aware of the genuineness of the app you are promoting to avoid any fraud. In addition, you should look for apps offering the highest referral bonuses for a good income.
Five highest paying loan referral apps you must download
Here are some of the highest paying referral apps that you should download:
- IDFC FIRST Bank’s MyFIRST Partner App
With MyFIRST Partner App, you become a loan partner with IDFC FIRST Bank to promote personal loans amongst your networks. Using the app, you can earn over 50,000 per month. The bank offers a 1.5% commission on the principal loan amount up on every successful loan cases and periodic bonuses for exceptional performances. Moreover, the registration and approval process a seamless, so you don’t need to be tech-savvy to become a loan partner. Undoubtedly, today this is one of the top choices for many who want to earn a side income on a regular basis
- RULOANs Referral Program
RULOAN offers a range of individual loans. With its refer and earn program, you can make up to 99,999 per disbursal, depending on the loan amount. There is no upper limit to earning through this loan referral program. You make a 1% incentive of the principal loan amount for personal and business loans. In the case of a car, home, and property loan, you can earn up to 0.75% incentives. To become a loan partner, you must register on the official portal and start referring. On successful disbursal, you receive your entitled payment.
- Home Credit ReFOearn Program
Using the Home Credit ReFOearn referral program, you can earn a decent income without investment. You get instant payouts on successful disbursal of loans to your referees. To become a loan partner, download the Home Credit mobile app or register at the official portal. After successful registration, you can refer personal loans to your friends and family who need funds to meet their financial requirements.
- Upwards Loan Referral Program
Upward provide various type of loans ranging from personal, travel, student loans and more. With the loan referral program by Upwards, you can earn up to ₹9,999 for referring your friends and family who require instant funds. For every referral, you earn ₹2,000. You make the incentive on successful loan disbursal to your referee’s account. To become a loan partner with Upwards, you must register on the website or download the mobile application. After providing details and creating your loan partner account, you can refer personal loans to your peers.
App referrals are one of the best options if you are looking for some side income through online resources without spending hours. You can earn a big chunk of bonuses through app referrals using the apps mentioned above.
Also Read: Which is the Best Personal Loan EMI Calculator?
