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Posted on Wednesday March 31st, 2021

A Loan DSA is a direct selling agent who works as a referral agent for any lending institution. The job responsibility of a DSA is to identify and find a potential loan seeker for the particular lending institution that they represent. In order to carry out his/her duties, DSA will find the potential borrowers and then redirect them to the concerned lender and then loan processing is carried forward. A lucrative payout is paid for the services to the individuals who are looking for extra earnings being a direct selling loan agent.

Business opportunities for Loan DSA
Nowadays, there has been a great demand for various types of loan from the loan seekers in our country. It has also been found that the number of loan seekers is increasing rapidly to avail different kind of loans such as home loan, personal loan, business loan etc. as compared to the last two decades. Within the trend of technology, the entire lending sector is shifting online. Moreover, the hectic schedule of individuals has made them to apply for loans online rather than walking into a respective branch.

In addition to that, there has also been reported that the Fintech companies are growing rapidly by offering convenient loans to borrowers by making the process online or offering the DSA services who can connect potential customers with lenders to get the best deal. You can easily succeed in the financial market by adopting proven sales techniques and winning loan strategies.

Benefits of being Loan DSA
There are number of benefits that one can exploit while being a direct selling loan agent which are mentioned below:

• You can be your own boss irrespective of your current occupation to earn extra income.

• You would have an opportunity to become an entrepreneur without any additional costs and unnecessary risks.

• You should be free of any time constraints as you can choose the working hours as per your flexibility.

• Being a DSA provides you an excellent opportunity to maintain good social network which in turn can become a source of consistent income in long run.

• You will be rewarded with attractive payouts as well as incentives after executing the loan disbursal for potential lead.

• You will get recognition of an associate channel partner of a reputed financial institution offering various kinds of loans across the country.

How to register as Loan DSA?
There is a simple process that you have to follow to Register as a Loan DSA. Several banks and NBFCs have their own registration process which is mostly common and the steps are mentioned below:

• Fill the registration form either online or offline with any financial lender of your choice.

• Once your application gets approved, you will be contacted by that financial organization and would be asked to submit certain documents.

• After the verification of your papers, you will be able to sign the DSA registration agreement.

• Further, a DSA code will be generated for you and then you can start working with particular lending institution to earn lucrative payouts.