Earning passive income is a great way to supplement your regular income and achieve financial freedom.
One way to earn passive income is by using IQrate, a mortgage fintech app that helps homeowners get the best home loan rates in Singapore and earn Cash Rewards.
In this article, we will provide a comprehensive guide on how to earn passive income with IQrate.
Step 1: Understand the referral program
IQrate offers users the opportunity to earn Cash Rewards by applying for a home loan themselves or on behalf of others, and by referring and recommending loved ones to IQrate.
Users can earn up to S$1,000 in Cash Rewards for every S$1,000,000 accepted home loan application.
Cash Rewards are based on the accepted loan amount. So assuming the loan amount is S$1,000,000, your Cash Rewards will be as follows:
Whether this is you applying for your home loan, you applying (iApply) on behalf of someone else, or you referring (iRefer) your friends, family, or colleagues to IQrate for their home loan, each successful applicant is a great opportunity for you to earn passive income.
Step 2: Create an account and get rewarded with IQrate
To start earning Cash Rewards, you’ll need to create an account with IQrate. This is a simple process that can be done through the IQrate app.
Once you have an account, it allows you to partner with IQrate as a co-broker.
The IQrate app contains important information on home loans approvals, applications and policies which are essentials for applying home loans in Singapore.
From there, you can choose to either apply for a home loan for yourself, apply on behalf of others, or refer and recommend your loved ones for their home loan.
For the former, you’ll handle the whole loan application process from start to finish. For the latter, simply refer your friends, family, and colleagues to us and we will handle the whole home loan process with them.
Step 3: Spread the word
If you are referring and recommending your loved ones to use the IQrate app, share your referral link with them and let them know how they can benefit from using the app.
Go under Profile in the app and select “Invite A Friend”
Receive $50 reward for the first successful case completed by your invited user!
You can also share your referral link on social media, post it on your blog or website. The more people you refer, the higher chance of a successful home loan application, the more you can earn.
Step 4: Track your progress
IQrate app provides a dashboard where you can track your “Leads” and see how much you’ve earned.
You can also see how many of your referrals have been accepted and how much you’ve earned from each one.
This makes it easy to keep track of your earnings and see how much you’ve earned over time.
Step 5: Collect your rewards
When you’ve earned enough Cash Rewards, your rewards will be paid out to your bank account indicated in your profile. It will usually take between 1 month to 6 months to process and disburse your referral rewards.
For any questions about referral fees or general inquiries, you may email to IQrate via email [email protected]. IQrate will typically get back to you within 1 working day.
Start earning passive income with IQrate today
Earning passive income with IQrate is a great opportunity for anyone looking to supplement their regular income.
By following the five steps outlined in this guide, you can start earning Cash Rewards today.
With IQrate, you can earn money by simply referring people you know to IQrate for their home loan, or by applying for a home loan yourself.
The more people you refer, the more you can earn, and the closer you’ll be to achieving financial freedom.
