How Poonawalla Fincorp’s Referral Program Works: A Step-by-Step Guide

Poonawalla Fincorp offers an exciting Referral Program that allows you to earn rewards while helping your friends and family access an easy and quick Instant Personal Loan. If you are already a Poonawalla Fincorp customer, this step-by-step guide will walk you through how to join, refer, and earn with the program.

About the Referral Program

Poonawalla Fincorp’s Referral Program is designed to reward both the referrer (you) and the referee (your friend or family member) when a successful loan application and disbursal happen through your reference link. The program currently focuses only on Instant Personal Loan but may expand to other products in the future.

Eligibility Criteria for Poonawalla Fincorp’s Referral Program

Before you start referring, ensure you meet these conditions:

• You are an existing Poonawalla Fincorp customer
• You have no unpaid EMIs or bounced EMI records
• Your loan account is not marked as NPA (Non-performing Asset)

How to Refer Someone for an Instant Personal Loan

Follow these simple steps:

Step 1: Visit the official Poonawalla Fincorp website and log in. Click on the ‘Refer and Earn’ tab on the left side of the screen.

Alternatively, download and log in to the Poonawalla Fincorp Mobile App. In your profile section, find the ‘Refer and Earn’ option.

Step 2: After authentication of your mobile number, a unique referral link will be generated.

Step 3: Share the referral link with your friends, family, or wider circle. There’s no limit to how many people you can refer!

Step 4: Your friends can use this link to apply for an Instant Personal Loan.

Referral Program Details for Instant Personal Loan

Here are the details of rewards for Instant Personal Loan referral:

• Referrer’s reward: 6000 zillion coins per successful referral.
• Referee’s reward: 2000 zillion coins upon a successful loan disbursal.

How the Rewards Work for Instant Personal Loan Referral

Here’s how the rewards work:

1. For Referrers:

• You will receive 6000 zillion coins for each successful loan disbursal by your referee.
• These coins are credited to your account in a “blocked state” at the time of disbursal.
• They get unblocked after 36 days if you and the referee meet all the program conditions.
• You need to make sure that your friend (Referee) does not cancel the loan.

2. For Referees:

• Once their loan is disbursed and all EMIs are paid without any default, they earn 2000 zillion coins
• These coins get unblocked after 141 days.

How to Redeem Zillion Coins

Once your coins are unblocked:

• View your zillion coin balance and transaction history on the Poonawalla Fincorp Mobile App.
• Redeem coins against products listed in the Poonawalla Fincorp app catalogue or for UPI payments via the zillion App.

Terms and Conditions to Remember

• The coins will only unblock if the referee does not default or skip any EMIs.
• Both you and the referee must log in and download the official Poonawalla Fincorp Mobile App.
• If either party does not meet these criteria, the coins remain blocked and will not be credited.

For full program details and legal terms, visit: Poonawalla Fincorp Referral Program T&Cs

To Conclude

Poonawalla Fincorp’s Referral Program is a win-win for everyone involved; your friends access reliable financial services while you earn exciting rewards. So, start sharing your referral link today and let your network benefit from quick and easy Instant Personal Loans.