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WHAT ARE THE ACTIVITIES DONE BY DSA DURING LOAN?

Posted on Friday July 30th, 2021

Any industry either banking, mutual funds or insurance grows when it has good contribution spread reaching the end clients. Nowadays, most of the organizations appoint DSA (direct selling agent) to achieve their goals. These associates can earn good income helping them to earn their livelihood as well gives them the opportunity to be part of a huge brand, thus providing job opportunities.

ShubhBank has been in lending sector from past years and has created a customer base PAN India so that it comes easier for potential borrower to find us. We have been successfully running the DSA program across India and generating loan leads for different loan types such as Home Loan, Personal Loan, Business Loan, Gold Loan, and Loan against Property etc. One can Register as a DSA at ShubhBank as part-time or full-time worker to earn a smart income as per your terms.

Being a DSA at ShubhBank allows you to work for our brand and represent our banking services in the region where he/she is appointed as it is not possible for organization to reach the vast array of customers and local administrative functions. By doing so, you can earn attractive incentive, timely payouts, tax deductions, exposure to multiple banks and products, all under one roof. Being in the lending market, we are continuously expanding our operation in country by registering loan agents who will work for our brand services and helps customers to process their loan requirements.

Our channel associates such as DSAs have to follow some set of activities. We hone your skill set through training and enhance your confidence to get into the field. In this article, we have mentioned a list of activities a loan agent must follow:

Data Maintenance: The maintenance of data is crucial for any business. Having a clear and precise data, one can build up a database that can be used at a later stage for marketing.

More ground coverage: A loan agent gets better when he/she commutes and covers farther distance. When you have vast ground coverage over a large area, there are greater chances to turn potential clients into leads.

Create a Network: An efficient loan agent from ShubhBank will build up contacts in his/her network which will help him/her to get the leads directly. It is really significant to create a strong network as it can help you earn high payouts.

Flexibility: A flexible working helps you grow in your career easily. If you are limited to just a one loan product, you will going to generate limited leads but if you get engaged into multiple loan services it will return you multiple leads that will surely increase your earning potential.

Follow up of Customers: Being a DSA with ShubhBank, you must follow up with organization and prospective leads about the progress and disbursal of loan. If you are stuck somewhere in between, ShubhBank is always there for you to find an efficient way out.

Hence, these are the activities a DSA has to perform. If you are interested to be your own boss and to earn high payouts, you can visit our website and Register as a DSA Online via filling the online form.


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HOW TO EARN SMART PAYOUT BY REGISTERING AS DSA?

Posted on Wednesday May 26th, 2021

Any DSA loan agent works as a referral agent or as business correspondents for particular financial institution. A direct selling agent has to find potential client who are looking for any kind of loan for the lending institution he/she represents. He/she works as link between borrower and a lender as well as provided with a pay-out for the effort put in. A loan agent is supposed to ensure a basic check about the background of borrower and submission of right documents.

The pay-out earned by the DSA is a certain percentage of the loan amount disbursed to the client. It is great way of adding on to your existing income. While you Register as a DSA with ShubhBank, you get the opportunity to source loan seekers for different products anywhere in India. You can provide variety of loans with easy and hassle-free processing. In this article, you will get to know more about the partnership opportunities.

The DSA loan agent have to do few other things along with referring the potential leads. He/she has to procure the loan application form with required documents from potential lead and have to check that everything is in place. DSA has to verify all the documents if they are genuine or not and has to upload them on portal. Afterwards, fill in the DSA code on the portal to trace the progress of your application.

To Become as a DSA Loan Agent with ShubhBank, one has to fill up the simple form with basic details such as name, phone number and email id. Then after, a unique code will be provided for which you have to immediately set a password. After entering the password, your special dashboard pops up where you can submit your leads and start applying for loans on your client’s behalf and earn money after successful disbursal of lead.

Steps to refer clients:
Open up your dashboard with your unique DSA code and password.
Click to open a new loan application form and select the required loan type.
Select documentation collection mode and procure the documents from client yourself.
Fill in the needed details such as occupation of the loan seeker and loan quantum required by him/her with supporting documents such as ID proof, address proof, business registration proof, latest bank statements etc.
On approval, your lead will get the loan amount he/she asked for from the lending institution and your commission is transferred to your bank account simultaneously.

ShubhBank works a commitment to build trust and an opportunity to self-employed individuals. We aim at accomplishing our goals and objectives by being all-inclusive. We are well aware that no business grows by working alone. Our organization enjoys working with diverse kinds of individuals and sharing their knowledge. When you become a loan DSA with ShubhBank, you will be provided with numerous opportunities to grow as a person to earn best business payouts. Therefore, get a chance to establish new contacts that can be your source of income in a long run.


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HOW TO GET GREAT BUSINESS OPPORTUNITY BEING A LOAN DSA?

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.


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WHAT PROFITS DOES A DSA BUSINESS PROVIDE YOU?

Posted on Monday January 25th, 2021

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.


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DSA REGISTRATION IS AN EASY ONLINE PROCESS NOW!

Posted on Monday December 7th, 2020

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.


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WHAT ROLE DOES DSA PLAY IN LOAN PROCESSING?

Posted on Monday November 23rd, 2020

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.