20+ Personal Loan Refer and Earn In India
What each lender pays, and how the referral actually reaches a payout.
Personal loan refer and earn means sharing a lender's loan with someone who needs it and being paid a share of the amount disbursed, rather than a flat fee for an install. GroMo carries 20+ personal loan brands available this way, and the rates run from around 0.5% to 4% of the disbursed loan.* Because the payout is a percentage, one large approved loan is worth more than a hundred app installs.
Key Takeaways
- Rates are quoted as a share of the disbursed loan amount, so ticket size matters more than the number of people you refer.
- The best paying brands on the shelf run at up to 4%, 3.5% and 3.1%, and the lowest sit under 1%.
- Nothing is paid on an application. Payment follows disbursal, and a rejected or dropped file earns nothing.
- These are distribution programmes accessed through GroMo, not the lenders' own consumer referral schemes.
- Rates are campaign-linked and move. The figure on the product card at the moment you share is the one that applies.
Table of contents
- What Is Personal Loan Refer and Earn?
- How Much Can You Earn Per Loan?
- Which Brands Pay the Most?
- How to Refer a Personal Loan With GroMo
- Every Personal Loan Brand on GroMo
- Who Should You Actually Refer?
- Mistakes That Cost You the Commission
What Is Personal Loan Refer and Earn?
Personal loan refer and earn is a distribution arrangement. You introduce a borrower to a lender, the lender underwrites and approves as usual, and when the money is disbursed you receive a percentage of that amount.
GroMo is an Indian financial products distribution app, and the 20+ lender brands below sit inside its catalogue alongside credit cards, savings accounts and demat accounts.
Two features separate this from ordinary app referral schemes. The payout is a share of a real transaction rather than a fixed bounty, so it scales with the size of the loan. And it pays only on disbursal, which means an application that stalls at KYC or gets declined earns nothing however much effort went into it.
A share of a real transaction, not a bounty for an install.
Worth being precise about what these programmes are, because the wording gets loose across the industry. They are not the lenders' own customer referral offers, and the same distinction applies to the demat account referral programmes compared elsewhere on this blog. Each brand below is available for distribution through the GroMo app, and the rate you see is what GroMo pays a partner on a disbursed case.
How Much Can You Earn Per Loan?
Because the rate is a percentage, the same effort pays very differently depending on ticket size.
| Rate on the card | On a Rs 50,000 loan | On a Rs 2,00,000 loan |
|---|---|---|
| 1% | Rs 500 | Rs 2,000 |
| 2% | Rs 1,000 | Rs 4,000 |
| 3% | Rs 1,500 | Rs 6,000 |
| 4% | Rs 2,000 | Rs 8,000 |
Please note. The table above is illustrative arithmetic, not a quoted rate from any lender. Actual commission depends on the brand, the disbursed amount and the campaign running that month, and every rate here comes from the app (GroMo product catalogue).
The arithmetic is the whole argument for learning loans properly. Chasing many small short-tenure loans at a high percentage can pay less than placing one large loan at a lower one, and the brands with the highest rates are frequently the ones with the smallest ticket sizes. Cards work differently, paying a flat amount per approval instead, as this guide to what a credit card agent does explains.
Which Brands Pay the Most?
Every live personal loan brand on GroMo, ranked by what it pays on a disbursed loan. Rates carry an asterisk for a reason, so read the note under the table.
| Brand | Earn up to* |
|---|---|
| Digi Credit Personal Loan | 4% |
| Lendingplate Personal Loan | 3.5% |
| ASAP Finance Personal Loan | 3.5% |
| KreditBee | 3.1% |
| InCred Personal Loan | 3.10% |
| Tez Credit Personal Loan | 3.0% |
| Brightloans Personal Loan | 3% |
| Payme Personal Loan | 3% |
| MyFlot Personal Loan | 3% |
| My Money Bazaar Personal Loan | 3% |
| Zype Personal Loan | 2.75% |
| Ram Fincorp Instant Personal Loan | 2.75% |
| Hero Instant Personal Loan | 2.2% |
| Kissht Personal Loan | 2.1% |
| Ring Personal Loan | 2.1% |
| Prefr | 2% |
| Poonawalla Fincorp Personal Loan | 2.0% |
| BharatPe Personal Loan | 2% |
| FatakPay Personal Loan | 2% |
| Unity SFB Personal Loan | 1.75% |
| Moneyview Personal Loan | 1.5% |
| IDFC First Bank Personal Loan | 1.20% |
| HDFC Insta Jumbo Loan | 0.5% |
| Bajaj Finserv Personal Loan | Up to Rs 500 per case |
*Every rate on this page is indicative and campaign-linked, and these are GroMo distribution programmes rather than the brands' own referral offers. Full terms are in the disclaimer at the end of this article.
The top of the personal loan rate card.
How to Refer a Personal Loan With GroMo
The flow is identical for every brand below, which is why it is worth learning once.
- Install the GroMo app and finish sign-up.
- Open the Personal Loan section and pick one brand to start with.
- Read the product page: eligibility, documents needed, and the live rate showing on the card.
- Share your link with someone who genuinely needs that loan and fits the criteria.
- Stay with them through the application, since drop-offs happen at OTP, income proof and video KYC.
- Get paid when the loan is disbursed. Approval alone doesn't trigger the commission.
Six steps, one of which is the bank's, not yours.
Everything below repeats that flow with the brand name filled in, because the differences that matter are eligibility and ticket size, not the mechanics.
Every Personal Loan Brand on GroMo
Digi Credit Refer and Earn
The product. Instant personal loan of up to Rs 1,00,000, short tenure of 15 to 45 days, fully digital application.
Earn up to 4%* of the disbursed amount by referring as a GroMo Partner, the highest rate on the shelf.
How to refer Digi Credit with GroMo. Open GroMo, go to Personal Loans, select Digi Credit, share your link with someone who needs short-term funds, and the commission credits on disbursal.
Best for small, urgent needs.
Lendingplate Refer and Earn
The product. Collateral-free personal loan with an instant online application, flexible amounts and no hidden charges.
Earn up to 3.5%* of the disbursed amount by referring as a GroMo Partner.
How to refer Lendingplate with GroMo. Pick Lendingplate in the Personal Loan list, check the eligibility rules on the product page, share your link, and stay with the borrower until the file is disbursed.
Best for first-time borrowers.
ASAP Finance Refer and Earn
The product. Instant personal loan of up to Rs 3 Lakhs, 100% online, collateral-free with zero hidden charges.
Earn up to 3.5%* of the disbursed amount by referring as a GroMo Partner.
How to refer ASAP Finance with GroMo. Select ASAP Finance in GroMo, share the link with a borrower needing a larger ticket, and follow the application through to disbursal.
Best for mid-size urgent funding.
KreditBee Refer and Earn
The product. Loans for salaried and self-employed borrowers, ranging from a few thousand rupees up to Rs 5 Lakhs, with a digital process and disbursal in minutes for eligible profiles. No collateral required.
Earn up to 3.1%* of the disbursed amount by referring as a GroMo Partner.
How to refer KreditBee with GroMo. Open the GroMo app, go to Personal Loans, select KreditBee, and read the eligibility on the product page. Share your KreditBee link with someone who is salaried or self-employed and needs funds quickly, help them complete the digital application, and your commission is credited once the loan is disbursed to their account.
Best for salaried and self-employed alike.
InCred Refer and Earn
The product. Instant loan of up to Rs 10 Lakh within 24 hours, amounts from Rs 50,000 to Rs 15 Lakhs, tenure up to 60 months, no collateral.
Earn up to 3.10%* of the disbursed amount by referring as a GroMo Partner, and the large ticket size makes this one of the most valuable per case.
How to refer InCred with GroMo. Choose InCred in the Personal Loan section, share the link with a borrower who needs a larger amount over a longer tenure, and support the file until disbursal.
Best for big-ticket borrowers.
Match the borrower to the brand before you share anything.
Tez Credit Refer and Earn
The product. Loans from Rs 5,000 to Rs 2,50,000 for salaried Indian citizens, needing only PAN, Aadhaar and basic salary proof, with a low salary threshold.
Earn up to 3.0%* of the disbursed amount by referring as a GroMo Partner.
How to refer Tez Credit with GroMo. Select Tez Credit, share your link with salaried borrowers whose income sits at the lower end, and track the file through to disbursal.
Best for modest salaries.
Brightloans Refer and Earn
The product. Contactless digital application with instant sanction for eligible profiles, credited directly to the borrower's bank account.
Earn up to 3%* of the disbursed amount by referring as a GroMo Partner.
How to refer Brightloans with GroMo. Open Brightloans in GroMo, share the link with a salaried customer who needs quick funds, and let the fully digital journey do the rest.
Best for quick salaried cases.
Payme Refer and Earn
The product. Personal loan of up to Rs 30,000 over a short 15 to 45 day tenure, repaid in one go rather than in EMIs, on a fully paperless process.
Earn up to 3%* of the disbursed amount by referring as a GroMo Partner.
How to refer Payme with GroMo. Pick Payme, share your link with someone who needs a small amount before payday, and the commission follows disbursal.
Best for pre-payday gaps.
MyFlot Refer and Earn
The product. A digital personal loan option on the GroMo shelf for borrowers who need funds quickly.
Earn up to 3%* of the disbursed amount by referring as a GroMo Partner.
How to refer MyFlot with GroMo. Select MyFlot in the Personal Loan list, check the current eligibility on the product page, and share your link with a matching borrower.
Best for fast digital approvals.
My Money Bazaar Refer and Earn
The product. Loan options up to Rs 30,000 with fast digital approval, a fully online process and a choice of EMI or one-time repayment.
Earn up to 3%* of the disbursed amount by referring as a GroMo Partner.
How to refer My Money Bazaar with GroMo. Open the brand in GroMo, share your link with someone needing a small, quick loan, and follow it to disbursal.
Best for small, quick loans.
The highest rate does not always pay the most.
Zype Refer and Earn
The product. Instant personal loan of up to Rs 5 Lakhs with tenure up to 36 months, fully digital.
Earn up to 2.75%* of the disbursed amount by referring as a GroMo Partner.
How to refer Zype with GroMo. Choose Zype, share the link with a borrower who needs a mid-size loan over a longer tenure, and stay with the application until it is disbursed.
Best for longer tenure at a mid ticket.
Ram Fincorp Refer and Earn
The product. Instant transfer to the borrower's bank account, only PAN and Aadhaar needed, repayment up to 3 months, no foreclosure fees.
Earn up to 2.75%* of the disbursed amount by referring as a GroMo Partner.
How to refer Ram Fincorp with GroMo. Select Ram Fincorp, share your link with someone who wants a short-term loan with minimal documents, and the commission credits on disbursal.
Best for minimal-document cases.
Hero Instant Refer and Earn
The product. Personal loan of up to Rs 5 lakh from Hero Fincorp for any purpose, collateral-free, with a simple login and repayment flow.
Earn up to 2.2%* of the disbursed amount by referring as a GroMo Partner.
How to refer Hero Instant with GroMo. Open Hero Instant Personal Loan in GroMo, share your link with a borrower who wants a recognised NBFC brand, and support the file to disbursal.
Best for brand-conscious borrowers.
Which brand fits which borrower, at a glance.
Kissht Refer and Earn
The product. Amounts from Rs 5,000 up to Rs 5 Lakhs, instant approval for eligible profiles, minimal documentation of PAN, Aadhaar and a selfie, and no branch visits.
Earn up to 2.1%* of the disbursed amount by referring as a GroMo Partner.
How to refer Kissht with GroMo. Pick Kissht, share your link with someone who wants a fully online process, and help them clear the selfie and document steps.
Best for fully online applicants.
Ring Refer and Earn
The product. Flexible amounts from Rs 5,000 up to Rs 5 Lakhs with instant approval for eligible profiles and minimal documentation.
Earn up to 2.1%* of the disbursed amount by referring as a GroMo Partner.
How to refer Ring with GroMo. Select Ring in the Personal Loan section, share your link, and follow the borrower through the online application.
Best for quick small tickets.
Prefr Refer and Earn
The product. Loan of up to Rs 5 Lakh for salaried and self-employed borrowers, zero paperwork, instant approval and same-day disbursal.
Earn up to 2%* of the disbursed amount by referring as a GroMo Partner.
How to refer Prefr with GroMo. Open Prefr, share your link with a self-employed borrower who needs money the same day, and the commission credits when it is disbursed.
Best for same-day money.
Poonawalla Fincorp Refer and Earn
The product. Instant loan of up to Rs 5 Lakh, quick approval, 100% online, collateral-free with zero hidden charges.
Earn up to 2.0%* of the disbursed amount by referring as a GroMo Partner.
How to refer Poonawalla Fincorp with GroMo. Choose Poonawalla Fincorp, share the link with a borrower who values a large NBFC name, and track the file to disbursal.
Best for large NBFC preference.
BharatPe Refer and Earn
The product. Fast approval and disbursal with minimal documentation, on a fully digital journey through the BharatPe lender ecosystem.
Earn up to 2%* of the disbursed amount by referring as a GroMo Partner.
How to refer BharatPe with GroMo. Select BharatPe Personal Loan, share your link with shopkeepers and small merchants who already know the brand, and follow it through.
Best for shopkeepers and merchants.
FatakPay Refer and Earn
The product. Loan of up to Rs 5 Lakh with minimal documentation, fully digital approval, instant disbursal and no collateral.
Earn up to 2%* of the disbursed amount by referring as a GroMo Partner.
How to refer FatakPay with GroMo. Open FatakPay in GroMo, share the link with a borrower who needs money instantly, and stay with them until disbursal.
Best for instant disbursal.
Unity SFB Refer and Earn
The product. Instant, 100% digital, collateral-free loan for both salaried and self-employed borrowers, with no paperwork and no branch visit.
Earn up to 1.75%* of the disbursed amount by referring as a GroMo Partner.
How to refer Unity SFB with GroMo. Pick Unity SFB, share your link with a borrower who prefers a small finance bank, and support the digital application.
Best for small finance bank borrowers.
Paid on disbursal, as a share of what actually reaches the borrower.
Moneyview Refer and Earn
The product. Loans from Rs 5,000 to Rs 5 lakh with approval in minutes and disbursal within 24 hours, repayment tenure up to 60 months.
Earn up to 1.5%* of the disbursed amount by referring as a GroMo Partner.
How to refer Moneyview with GroMo. Select Moneyview, share your link with someone who wants a long tenure and predictable EMIs, and follow the file to disbursal.
Best for long-tenure EMIs.
IDFC First Bank Refer and Earn
The product. Approved loan offers up to Rs 10 Lakhs from a bank rather than an NBFC, flexible EMI dates and zero foreclosure charges.
Earn up to 1.20%* of the disbursed amount by referring as a GroMo Partner, which on a large ticket is still a substantial case.
How to refer IDFC First Bank with GroMo. Open IDFC First Bank Personal Loan, share your link with a salaried borrower who wants a bank loan, and stay with the application to disbursal.
Best for salaried bank borrowers.
HDFC Insta Jumbo Refer and Earn
The product. A top-up style loan for existing HDFC credit card holders that does not eat into the card limit, with instant approval and minimal documentation.
Earn up to 0.5%* of the disbursed amount by referring as a GroMo Partner.
How to refer HDFC Insta Jumbo with GroMo. Select HDFC Insta Jumbo Loan, share the link with existing HDFC card holders only, since eligibility depends on the card, and follow through to disbursal.
Best for existing HDFC card holders.
Bajaj Finserv Refer and Earn
The product. Personal loan of up to Rs 25 Lakhs with flexible tenure of 12 to 60 months from one of India's largest NBFCs.
Earn up to Rs 500 per case* by referring as a GroMo Partner, quoted as a flat figure rather than a percentage.
How to refer Bajaj Finserv with GroMo. Choose Bajaj Finserv Personal Loan in GroMo, share your link with a borrower who needs a large amount over a long tenure, and support the file to disbursal.
Who Should You Actually Refer?
Matching the borrower to the brand is what separates a paid case from a wasted one.
Small amount before payday. Short-tenure lenders such as Payme, Digi Credit and Ram Fincorp are built for this, with quick decisions and one-time repayment.
Salaried with a modest income. Tez Credit and KreditBee both work at the lower end of the salary range where larger lenders decline.
Large ticket, long tenure. InCred, Bajaj Finserv, IDFC First Bank and Moneyview suit borrowers who need lakhs rather than thousands and can repay over years.
Self-employed. Prefr, KreditBee and Unity SFB accept self-employed profiles, which many lenders will not.
Existing card holder. HDFC Insta Jumbo only fits people already holding an HDFC credit card.
A borrower declined by one lender isn't a lost cause, since another brand on the shelf may accept the same profile. Sending the same file to five lenders at once, though, creates a burst of hard credit enquiries and lowers the score everything depends on. The wider role is set out in this guide to what a loan agent does.
Mistakes That Cost You the Commission
- Referring on rate instead of fit. The 4% brand pays nothing if the borrower doesn't qualify for it.
- Promising approval. Only the lender approves. Never you. Say the borrower looks eligible, never that it is confirmed.
- Collecting money from the borrower. The lender pays you. Any request for a file charge is a warning sign, not a business model.
- Disappearing after the link is shared. Most drop-offs happen at income proof and video KYC, which is exactly where a follow-up call converts.
- Handling someone's OTP or documents. The borrower completes their own application, always.
- Ignoring ticket size. A high percentage on a Rs 20,000 loan is worth less than a low percentage on a Rs 5,00,000 one.
Best for large, long-tenure loans.
Every one of these is avoidable in the first week.
Frequently Asked Questions
What is personal loan refer and earn?
It is a distribution arrangement where you introduce a borrower to a lender and earn a share of the disbursed loan amount. The lender approves and lends, you find the borrower and support the application, and the commission is paid once the money reaches the borrower's account.
How much commission does a personal loan referral pay?
On GroMo the published rates run from around 0.5% to 4% of the disbursed amount depending on the brand, with most sitting between 2% and 3%. Rates are campaign-linked and change, so check the product card before quoting anything.
When do I get paid for a personal loan referral?
On disbursal, not on application or approval. If the borrower drops out or the lender declines the file, nothing is earned.
Do I need a licence to refer personal loans?
No national licence exists for loan referrals in India. Registering on a distribution platform that already holds the lender tie-ups is enough to start, and joining GroMo needs PAN and Aadhaar.
Can I refer the same customer to more than one lender?
You can, but not all at once. Each application is a hard credit enquiry, and several in a short window lower the score the approval depends on. Try one well-matched lender, then another if it is declined.
Are these the lenders' own referral programmes?
No. Every brand listed here is available for distribution through GroMo, and the rate quoted is what GroMo pays its partners on a disbursed case, not what the lender offers directly to its own customers.
Conclusion
Personal loan referral pays a percentage, and that single fact should shape everything you do with it. A hundred shares to people who do not need a loan earn nothing. One borrower matched to the right lender, supported through video KYC, can be worth more than a month of app tasks.
The partner journey behind all of this is set out in this guide to becoming a GroMo Partner. Learn two brands properly rather than twenty superficially. Pick one short-tenure lender for small urgent needs and one large-ticket lender for serious borrowing, and add the rest only as real customers ask for them.
Disclaimer
These are not the official refer and earn programmes of the brands named. Every lender listed in this article is available for distribution through the GroMo app, and the rates quoted are what GroMo pays a partner on a disbursed case. They are not offers made by the lenders directly to their own customers, and the brand names are used only to identify the products available on the GroMo platform.
Rates change with current offers. Every figure is a maximum rather than a flat rate, is campaign-linked, and can be revised without notice (rates read from the GroMo product catalogue). Data in this article may differ from what is live in the app today. Always check the rate on the product card at the moment you share it, because that is the figure that applies to your case.
Nothing here is a guarantee of income. Commission is paid on disbursal only, and approval, loan amount, interest rate and final terms are decided entirely by the lender. An application that fails KYC or is declined pays nothing.
Everything above is general information, not financial or legal advice. Loan money never passes through a partner: it moves directly between the lender and the borrower's bank account. Never collect any fee from a borrower, and never handle their OTP, PIN or documents. Income earned through referrals is taxable and should be declared.
