Take a dive into the world of business by registering as a DSA or a loan agent. It will give you the opportunity to work at your own pace and schedule by getting rid of the employee tag. The ever increasing loan business has created a massive growth opportunity for being a direct selling loan agent. In past times, borrowing money from a financial institution was not a convenient choice and if the need arose, people have to visit the bank branch directly.

Nowadays, every individual is in the rat race of owning a house, buying a dream vehicle or to fulfill their personal needs and desires, so people look for instant loan schemes. The financial institutions are offering various kinds of loan these days and providing doorstep loan processing which has triggered massive demand for loan agents. If you want to be your own boss “Become a DSA“ which can turn your dreams into reality. It gives you the freedom of working at desired hours and you can earn the experience for being a successful entrepreneur.

Perks of DSA business

When you work under certain employer, you have limited growth opportunities which hinder your progress who is determined. Registering as a loan DSA helps you to explore your earning limits. Here, we have listed some perks of DSA business:

→ Be your own boss: If you are fed up of working under certain boss, then the role of DSA is just carved to be your own boss. You can increase your earnings and also have the flexibility of time to accomplish your financial goals. In addition to that, you can generate leads towards the field of finance and sales which helps you to boost your productivity.

→ Be a part of reputed financial institutions: If you get associated with a fast progressing financial firm such as ShubhBank, then you have the great chances to have a progressive career path. You also get the chance to work with leading banks of the country which can scale you to greater heights in the future.

→ Zero Investment: One of the major benefits to “Register as a DSA“ is that you can start this business without investing any capital. The things which are required to invest in, is your skills and time for capturing potential leads and forwarding them to the associated lender. Moreover, you need not to spend a single penny to get started.

→ No prior knowledge of banking: The great thing about registering as a DSA is that you do not require any knowledge of banking sector. You just have to grasp an opportunity in the form of leads as well as you require a skill to convince potential loan seekers to get successful in the lending business.

→ Smart payouts: The payout slab depends upon which financial institution you are associated with. If you are passionate about your work and good at capturing the leads, then you can increase your earning limits by selling different loan products for a lender. The non banking finance companies offer higher payouts in comparison to traditional banks.

Hence, you can find out the precise earnings and timings by becoming a channel partner with ShubhBank to realize your dream of running a successful business.

A direct selling loan agent (DSA) is responsible for connecting the potential loan seekers to the direct lenders. They endorse and explain the various lending services offered by respective financial institution and look out for the documentation process. He/she is also committed to carry out fundamental checks and make sure that the submitted or the uploaded documents are in accordance with the guidelines laid down by the particular bank or NBFC, they are working for.

The direct selling agent (DSA) finds potential individuals seeking a loan for the financial institutions in the form of leads which are forwarded to the respective lender for further proceedings. The hard work of the loan agent is rewarded in the form of commission or a payout. It is primarily a percentage of disbursed loan quantum availed with every successful lead. This is the great way to earn extra along with your primary job as it offers flexible hours for working. There is an easy set of procedure for “DSA Registration“ that a person has to adhere to become loan agent.

Here are some easy online steps that are followed in the registration process:

√ Visit the website of particular financial institution and fill the registration form online.

√ You will be asked for certain documents and basic personal information for identity.

√ When your background check gets verified, you will be allowed to enter into a DSA agreement.

√ Before signing the agreement, fill the requested details and submit them.

√ The DSA code will be generated for you after you get registered successfully.

√ You can embark on work as a DSA officially once you get the license or code.

Once you have registered successfully and obtained DSA code, you will be provided with training by the financial institution. If you want to work with our firm ShubhBank, then you can sell loan products from leading banks and financial firms. You will learn how to secure the verified leads and to process them. You should have great communication skills in order to convince a loan seeker that why a particular product is best for them which will brings you more commission. You will perform the assigned duties well, once you are aware of working style taught to you during the training process.

It is the unique model for thousands of people to get business opportunity in their registered locations. It brings you the opportunity to earn exclusive income and to grow yourself professionally and transparently. Some of the benefits associated with this model are listed below:

√ Higher payout slabs.
√ Digital payouts.
√ Build own network.
√ Grow your business.
√ Flexible timings.

If you want to become a loan selling agent (DSA) “Apply For DSA Registration“ to fulfill the dreams of earning more. It is easy to become a channel associate with ShubhBank and start working as loan agent. Here, educational qualification is not a pre-requisite; you just need to have an urge to excel in the sale of loan services such as home loans, personal loan, gold loan and many more.

The role of DSA is almost same in every financial institution but when you apply for a loan selling agent for a particular lending institution, you have to go through a specific agreement that contains all the terms and conditions applicable. The loan agents are the one who connects a potential loan seeker to the lender, take care of the needed documentation for loan application forms, do fundamental evaluation and ensure that the submitted documents are in accordance with the guidelines of the particular lending institution. Here, we will discuss about what role does DSA play in loan processing and in its disbursal.

1. Applicability
The code of conduct for “LOAN AGENT“ will be applicable to all the individuals employed by DSA who would be involved in marketing and distributions of the financial services of banks and NBFCs. If anyone fails to adhere with this requirement may result in permanent termination of the channel partner tie-up of the DSA with associated lending institution.

2. Tele-calling a potential borrower
A potential loan seeker has expressed his/her desire to take a product via lending website/branch or has been referred by another client or through the an existing customer of the associated bank who has given acceptance for receiving calls for the other services of the bank or NBFC.

3. Keep the secrecy of borrower’s interest
The customer’s privacy should be the first and foremost priority of the “DSA“. If the borrower would authorize then any other individual/spouse/accountant/family member can be contacted.

4. Messages and contacting the borrower
DSA should make a call to the borrower only. However the customer is not available, a message may be delivered to him/her with the objective of getting the customer to call back or to check for a convenient time to call him/her again.

5. Misrepresentations are prohibited
The DSA cannot give misrepresentation of any offered service/product or about the bank and NBFC to the customer and can’t make the false promises on behalf of the bank or any lending institution.

6. Contacting Etiquettes

Pre-call
1. Always make a call between office hours.
2. No calls if you figure out the do not disturb numbers.

During call
1. Give a brief introduction of yourself.
2. Seek a permission to proceed with your product and don’t force if denied.
3. Try to talk in the language that is most comfortable to the customer.

If a loan seeker plans to buy the financial product:
1. Confirm the next call with customer.
2. Provide your contact number if anyone ask for it.
3. Gratify the customer for giving his/her valuable time.

7. Do not accept any bribe
DSA must not accept any kind of bribe offered by the customer. She/he must inform about this act to the management.

8. Few precautions to be taken

DSA should:
• Respect the privacy of customer.
• Do not intrude the client’s office/residence without his/her permission.
• Take care of borrower’s requirements.
• Maintain a healthy and professional relationship.

9. Handling the letters
DSA should follow the prescribed format assigned by the particular lending institution.

Ever you have been applied for a loan, not directly from bank or NBFC but through some agent? Have you wondered why this person is trying to get you secure a loan when you can do it by visiting a lending institute? Well for beginners it is not a scam, they are the people who help you procure a loan from a bank or NBFC are direct selling agents. They work to find potential borrowers for the organization they represent. To do so, they on look for loan seekers and these leads are then directed to the concerned bank or NBFC and the loan processing is taken forward. There is a process that needs to be followed when it comes to becoming a direct sales agent. Every lending platform has its own registration process. You can “Register As a Loan DSA“ with ShubhBank in such common steps:

• Visit and submit your application to the branch or you can register online as well.
• You will ask to furnish some documents and they will be verified afterwards.
• If there is no issue with your background check, a registration agreement with the right stamp duty will be sent to you.
• Fill the required details, sign the agreement and submit it. Post this, DSA code will be issued to you.
• After receiving your code, you can start uploading loan documents.

Job duties of DSA

The loan DSA does not just get potential leads but there are some other responsibilities also:

• Procure the completed application form along with required documents from their leads.
• Conduct a preliminary check of all the provided documents and ensure that all papers are genuine.
• Upload these documents and the loan application form to track the status of approval.

Advantages of being Business Correspondent

• You can earn an additional income and the amount you earn will vary from loan to loan and lead to lead.
• You can run your business with zero investment with very little risk.
• You can enjoy the flexible working hours and have a benefit of working from anywhere anytime.
• There is no requirement of higher education to pursue this business partnership.
• You do not require any additional training as it is provided in-house by the lending institution.

Benefits of borrowers while opting a loan via DSA

• Any concerns related to loan queries you have can be quickly addressed by the loan agent.
• You will be provided with a wide variety of options to choose from when it comes to the financial products you are looking for.
• The loan DSA is available if you require any service after sale.

This type of employment can be enjoyed by every salaried or self-employed individuals, student or retired, independent worker or homemaker etc. a person just cannot wake up and start selling loans, you will have to register for it. If you are an Indian citizen, your age ranges between 21- 60 years and “Fulfill the Eligibility Criteria of Registering as DSA“ at ShubhBank, you are heartily welcomed by us.

ShubhBank business partner program helps you in accelerating your business growth. Either you are a DSA, chartered accountant, insurance agent, financial advisor or any other professional who’s hungry to grow; we’ll connect your business to our goals that means for profits, innovation and success for you. So get associated with us to experience the business growth along with flexibility and transparency. We are efficiently growing in present market scenario giving you an opportunity to become more productive.

FEATURES OF THE PROGRAM

EARN MORE: As our institution is linked with reputed banks, so partnering with us will earn you smart commissions, faster collection and more working capital.

BELIEVE MORE: ShubhBank has dedicated customer relationship management system for managing all sale queries. You are provided with real time updates about your client’s application as well as the payments.

WORK MORE: With our marketing tools, CRM support and accessible training material, you will grow as more effective, productive and influential individual when it come driving business.

KNOW MORE: Fill in the joining form either online or offline and we will get back to you and customize the partnership agreement to make a win-win situation for both of us.

ELIGIBILITY CRITERION FOR BEING A DSA (Direct Sales Agent)

Any individual with valid KYC is eligible for being a DSA. There are some pre-requisites needed for registration such as your name, mobile number, hometown and profession. After capturing the primary details, some documents are required in order to be verified in the system like aadhar card, PAN and some business related documents.

After registering and once your documents have been submitted and verified, you can start working with us. You can start giving leads as soon as you got registered. You can enjoy your payout in your bank account when the loan money of your lead has been disbursed. As per your performance, you can get working capital support to expand the business, smart payout circles, and vouchers from leading online websites.

BENEFITS OF BEING A DSA

Most of the individuals do not like to work under someone. We give you an opportunity where you can “Join DSA Partner Program“. There are many of the benefits associated with it:

Be your own boss: Everyone wish to do something of their own and want to invest their time and effort that will give them more wealth. Being a Loan DSA with ShubhBank, you can enjoy working in flexible hours and generate more leads and earn more.

Free business set-up: You need a lot of capital and even a loan to “Start Your Own Business“ but with our partner program, all you need to invest is your time, effort and communication skills.

Growth and remuneration: Being a DSA with ShubhBank helps you earn more profits with your clients itself. You get payout at the end of the each month and more leads converted means more payouts for you. We also help you in expanding your network, developing better communication skills and increasing your knowledge in loan sector.

While applying for a loan, person who help you procure a loan from bank or NBFCs are direct selling agents or DSA. They work as a referral agent for a bank or NBFCs to find potential customers for them. To do so, these agents will look for people who are in the market for loan. The leads are directed to the lenders and loan process is taken forward. For this lead, DSA is provided with a payout and its percentage depends upon the type and amount of the loan. This is a great way for every individual interested to “Become Our Partner“ and to earn a little extra cash.

DUTY OF DSA

The duty of DSA is to get the potential leads and there are some other things that they do:

• They procure the loan application from their leads along with required documents.

• Verification of provided documents by borrower.

• Submitting the application and documents and providing their DSA code to borrower to trace their application back.

ADVANTAGES OF BEING A DSA

• You can earn an additional income and your earnings will vary from lead to lead.

• Working hours are flexible.

• You can “Start Your Own Business“ with minimum cost with very little risk.

• Highly educated is not a requirement.

• The bank or NBFCs will provide you the general training.

Benefits that borrower get by opting loan through DSA

1. Any concerns about loan application or processing can be quickly and easily addressed by the loan agent.

2. He/she will provide you with a wide variety of options to choose from when you are looking for your desired loan product.

3. The loan agent is available if you require any service after sale.

HOW TO REGISTER AS A DSA

There is a process goes without saying that needs to be followed when you want to become adirect sales agent. It’s not a matter of waking up one morning and start selling loans from a bank or NBFCs. You have to register for that. Every bank or lending institutes have their own set of registration process. These steps are very common listed below:

1. Submit your application to the lending institute either bank or NBFCs.

2. Pay, if there is any fee of that.

3. Once the fees have been made, you will be contracted by the bank or NBFCs and will be asked for certain documents.

4. After this, your documents will be verified and your credit history will be checked by a legal team.

5. If your background check goes well, a DSA registration agreement will be sent to you with the right stamp duty.

6. Fill all the details correctly, sign the agreement and submit it.

7. Then we will issue you a DSA code.

8. After receiving the code, you can start uploading loan documents.

There have been several people in the world, young or adults who are now tired of their jobs under the leadership of someone, so ShubhBank is giving you the opportunity to “Become Your Own Boss“. The advent of DSA program have given the aspiring entrepreneurs an easy going way to earn quite handsome business payouts which led them to the path of successful entrepreneurship.