BankSathi Vs Gromo: Comparison of Features, Financial Products, and Payout

From opening a bank account to applying for a loan or credit card, in today’s digital age, it has become much easier for individuals to avail of different financial services from the comfort of sitting at their homes. To fulfill any urgent fund needs, all you need is a smartphone and an internet connection, and you can get your loan amount sanctioned instantly by the loan provider, provided you fulfill the eligibility criteria.

When it comes to online earning apps, today, the market is flooded with several money-earning apps. One such app is BankSathi – a business-to-consumer (B2C) platform that offers customers a range of financial products such as credit cards, personal loans, and savings accounts.

BankSathi allows people to earn a passive income by joining as financial advisors.

The user-friendly design of the app makes it an ideal one-stop destination for all of your financial needs. The app serves as an important platform that connects individuals seeking advice on various financial products, like insurance, loans, and investment plans with financial advisors. By leveraging technology, BankSathi empowers financial advisors with tools and information to provide more informed advice to their clients, thus helping them make informed financial decisions, tailored to their needs and goals.

Having discussed BankSathi, how can one forget to mention Gromo when the discussion is about online apps selling financial products?  GroMo is a mobile application that enables you to earn money by selling different financial products such as credit cards, loans, and insurance. The company website claims that GroMo Partners can work from home and earn over Rs 1 Lakh every month.

In this article, we will discuss in detail the two money-earning apps selling financial products.

Gromo vs BankSathi: List of Financial Products

Let's explore each in detail-

BankSathi App:

BankSathi is a B2C financial platform that offers a range of financial goods and services and helps them in the effective management of funds. From looking for a credit card to opening a savings account, or a personal loan, BankSathi is the answer for you.

The app benefits both advisors as well as those seeking financial guidance, making the process more efficient and transparent. The company provides a range of products to customers. These products include:

1] Credit Cards

One of the most distinguished services that the company provides includes the range of credit cards offered by the app. No matter, whether you are looking for a card that offers lower interest rates, cashback incentives, or travel advantages; your one solution for different financial needs is BankSathi. Customers can evaluate different credit cards based on their features, advantages, and fees, on the app and discover the best card that matches their requirements.

2] Savings Account

Whether you prefer a high-interest account to grow your savings faster or prefer a basic account without minimum balance requirements, BankSathi is known for providing a range of savings accounts catering to different financial needs. BankSathi's comparison tool makes it convenient for people to select the best deal.

3] Personal Loan

Want a personal loan? BankSathi takes care of your needs. You can evaluate interest rates, loan amounts, and payback periods to select the loan that is best suited for your needs. The platform offers a range of personal loan alternatives from leading banks and financial institutions.

4] Demat Accounts and other Investment Options:

If you are someone interested in the Indian equity market, to your knowledge let us tell you that BankSathi also offers Demat account services, making it convenient for you to invest in shares. Besides, the platform also allows you to track your investments digitally. Opening a Demat account with BankSathi is also very easy for stock market investors.

BankSathi is also useful for mutual fund investors. The platform offers guidance and tools to help you pick the right mutual funds, simplifying the decision-making process. Whether you're looking for growth through equity funds, stability with debt funds, or a mix with hybrid funds, BankSathi has options to fit various financial goals and risk levels.

5] Calculators and Other Instruments

One of the most important characteristics of BankSathi is that it offers different types of financial calculators and tools intended to assist you in making better choices about your finances. The BankSathi calculator can help you crunch the figures and design a strategy that is tailored to your specific needs, whether you are preparing for retirement, saving for a significant purchase, or trying to consolidate your debt.

Your One-Stop Solutions for All of Your Financial Needs:

You may genuinely consider BankSathi to be your one-stop solution for all of your financial requirements because of the many services it provides and the user-friendly interface it provides. Whether you are interested in applying for a credit card, opening a savings account, or taking out a personal loan.

BankSathi Download:

The BankSathi app is available for download for both Android as well as iPhone users. How to use the BankSathi App:

• Download the BankSathi app on your smartphone.

• Sign up and register as an advisor.

• Register using your phone number

• Complete your Aadhaar and PAN validation

• Browse and share products – Find the best financial product and share it with your lead

• Start Earning: Get payout on lead conversion, withdraw to bank account instantly.

Standout features of BankSathi App:

BankSathi Payouts are fast:

BankSathi payouts are credited into your account under minimum time.

Infinite Profit with zero investment

You can earn a ransom amount with zero investment

Access to a wide range of products

The platform is a one-stop destination for a wide range of financial products.

Live Training and Support

With financial advisors and those seeking financial advice on one platform, BankSathi enables learning via interactive sessions and quick assistance.

GroMo App:

Founded by IIT Delhi alumni Ankit Khandelwal and Darpan Khurana, GroMo is a popular money-earning mobile app that helps you earn money by selling financial products including credit cards, loans, and insurance. The app is available for Android as well as iOS users. GroMo Partners can earn more than Rs 1 Lakh each month in a remote setup, that is without even visiting the office.

Funded by marquee investors, GroMo onboards partners across India and provides them with the necessary training to help people access the financial products of their choice.  GroMo’s cutting-edge technology and in-built algorithms empower partners to recommend the best product based on the customer needs, thereby enabling faster and smarter decisions, avoiding any mis-selling and thus helping the financial companies to reach the relevant group of people.

If an individual refers someone successfully, they are rewarded by the company in the form of GroMo Coins. These GroMo Coins can be redeemed for cash or other rewards.

Some of the benefits of becoming a GroMo Partner include:

For those who want to be their own boss and do not want to work under pressure, partnering with GroMo is an excellent way to earn a passive income. You can work from home and work at your convenience as there are no fixed hours. The company offers you competitive commissions on successfully selling financial products.

For instance, as per the company website, GroMo Partners can earn up to Rs 2100 on every successful credit card dispatch. This means that you can earn an additional income in your free time through GroMo.

GroMo offers a variety of tools and resources to assist you sell financial products effectively. The company website claims that the GroMo app offers access to product details, training materials, and marketing tools.

The company has a dedicated team of representatives who are available to help you with any query or problems you may have.

So, to earn an additional monthly income of over Rs 1 Lakh by selling financial products like credit cards, personal loans, savings accounts, and more, you can download the GroMo App.

To earn an extra income from a work-from-home setup through the GroMo app, you need to follow the below-listed steps:

• Download the GroMo app

• Sign up and register

• Visit the Academy section and attend training around sales (however, this is not mandatory)

• Pick the financial products you wish to sell

• Share your unique product link with your friends and family members

• If a user clicks on your unique product link and applies for a financial product, you will become eligible to earn a commission.

How To Solve Payout-Related Issues On the GroMo App?

GroMo claims to give payouts on time. As per the company website, GroMo Partners can transfer their payout to their banks immediately once the sale is successful. However, in some cases, the brands might take a little longer to confirm the sales and mark it as successful. In such cases, the maximum timeline in which a sale is marked as successful can be around 10-12 business days.

If your GroMo payout is delayed for over 10-12 business days, you are advised to visit your GroMo app and 'Raise A Dispute'. Once the app is installed and you sign in, upload all the documents or information required for raising a dispute so that your case can be verified correctly.

Remember that if you fail to provide all the required documents or provide incorrect information while raising a dispute, your request won't be considered for further investigation.

Is GroMo Real or fake?

Yes, GroMo is a legal platform to earn money online by selling different financial products.

Financial products available on the GroMo app:

The extensive inventory of financial products available on the GroMo app includes:

• Insurance

• Credit Cards

• Personal Loan

• Savings Account

• Demat Account

• Credit Line

• UPI

• Investment.

OneNDF - Leading Online Loan Marketplace In India

OneNDF is a New Delhi-based leading online loan marketplace in India. With over a decade of experience, OneNDF has served more than 2000 clients and facilitated loans worth over Rs 3000 crore. The platform provides several real-time eligibility checks to loan applicants for different financial products, streamlines their application process, and helps them determine their eligibility for loans, credit cards, and other services sans any extensive paperwork. The immediate feedback on eligibility provided by the platform to users saves them time and helps them make faster decisions.

OneNDF’s first-of-its-kind "refer and earn" program has helped different people including students, bankers, Chartered Accountants, and several others boost their monthly income by helping them earn up to Rs 1 lakh as referral fees for referring clients seeking secured loans such as Home loans, Loan Against Property or business loans. 

How does OneNDF’s Refer and Earn Program work?

OneNDF’s "refer and earn" program can help you earn an attractive monthly income in the form of a referral fee if you refer your known person who is looking for a loan from a bank, to the company, and the loan amount is successfully disbursed to his account. 

For example, if you refer a client seeking a Rs 20 lakh home loan to OneNDF, you will be eligible to receive up to 0.75% of this loan amount under OneNDF’s refer and earn program if the loan amount is disbursed successfully after OneNDF’s intervention.

This time, it can be your turn to win our referral amount. Refer a client today, and earn a referral fee of up to Rs 1 Lakh to increase your wealth manifold.

OneNDF is a New Delhi-based leading online loan marketplace in India. With over a decade of experience, OneNDF has served more than 2000 clients and facilitated loans worth over Rs 3000 crore. Partnering with OneNDF allows you to associate with a national brand with a PAN India presence and earn a smart income.

Benefits of Associating with OneNDF

• Monetary Benefit: OneNDF delivers on its promises. If a client you refer secures a loan through OneNDF, you will earn an attractive cash prize through its "Refer and Earn Program." The payment is made promptly without any delays.

• Growth Opportunity: As one of the fastest-growing fintech companies, OneNDF aims to achieve 100x growth in 2024. Being a DSA with OneNDF means you become part of this success story, benefiting from the company’s growth.

• Brand Recognition: Associating with a well-known brand like OneNDF with a pan-India presence will enhance your professional exposure.

• Networking Opportunity: OneNDF’s extensive network, built over the past decade, includes banks, accountants, and other professionals. This network can help you grow your client base and professional connections.

• Increased Client Trust: Referring clients to OneNDF not only benefits you financially but also helps your clients secure loans at the lowest interest rates. Satisfied clients will trust you more and are likely to seek your financial advice in the future.

Start Your Journey with OneNDF

You can avail yourself of numerous benefits by associating with OneNDF. Contact us today by visiting OneNDF Refer and Earn and embark on a new successful journey with OneNDF.