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HOW TO BOOST YOUR FINANCES AMID LOCKDOWN BEING A DSA WITH SHUBHBANK

Posted on Thursday June 4th, 2020

A direct selling agent or DSA is a business entity functioning as a referral agent for any financial institution. The duty of DSA involves finding potential customers for the lenders he/she represents. These agents will look for individuals who are seeking loan to fulfill their requirements and are provided with a payout for the efforts they put in. the payout is a fixed percentage of loan money which is a great way to add up in your existing earnings. Being a DSA with ShubhBank, you will get the liberty to source borrowers looking for different kind of loans anywhere in India. To know how to boost your finances amid lockdown being a DSA with ShubhBank, look our partnership opportunities and benefits.

ShubhBank is one of the leading lending platforms in India as our CRM system is integrated with multiple banks which can provide instant approvals and disbursals. Anyone from India between ages of 18-60 years can register as a loan partner with us. There are some benefits listed below associated with our DSA program:

• Higher payout slabs designed according to the financial product that you are selling.

• Sales support is always available by relationship management team.

• You are able to avail advanced features in CRM engine for the loan partners.

• Digital processing of leads is available in other Pan India locations.

• Loan selling agent is free to build their own connector network and manage their business.

• ShubhBank generates new opportunities for you which will come up time to time to increase your income.


An Online DSA Registration is available for most of the leading banks and ShubhBank is open for Personal Loan, Business Loan, Home Loan, Machinery Loan, LAP, Gold Loan and many more products. We will give you the opportunity to get higher payout amount, open access to multiple lenders and products on a single platform. There are few more fundamentals discussed below for being our business associate:


• Training:
We have built consolidate products information at our website ShubhBank.com for learning purposes and to know the duties and responsibilities of being loan partner.
• Payout Cycle: We are committed for the faster process of payout to DSAs. Our technology based platform gives you a faster access in terms of login to disbursement of loan and the payout.
• DSA registration: It is very simple as you just need to fill application form and you will get CRM access, complete your profile by uploading KYC documents and you will be activated in next few hours.

ShubhBank aims at building trust and an opportunity for self- employment. We are stricken to our objectives and goals that should be accomplished by being all inclusive. We understand that no business grows by working alone, so we enjoy working with diverse kind of individuals. Therefore Join as a DSA in ShubhBank, start submitting leads online and applying for various loans as well as you will get the ease of growing financially on behalf of your client.


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LOCKDOWN- AN IDEAL PERIOD FOR BECOMING A DSA (DIRECT SELLING AGENT) AT SHUBHBANK

Posted on Monday April 20th, 2020

A Covid-19 outbreak is deteriorating the whole nation with full force. However, this pandemic has forced majority of workforce to stay at home for an indefinite period of time but an ideal opportunity to earn money while staying quarantined. Nowadays it’s economical and safe to work from home by helping others to secure a loan in their need by becoming a Direct Selling Loan Agent at ShubhBank. Staying quarantined is a good time to start on the right foot and bode well even for your finances. Read on to find how lockdown is an ideal period for becoming a DSA at ShubhBank and for earning high payouts being your own boss.

The competition in banking industry is growing rapidly these days and many of the NBFCs have appointed business seekers as DSAs who procure clients for the financial commodities like loans, insurance etc. The basic responsibility for being our business associate is to find a customer who would be a potential client to specific financial product at ShubhBank and is paid with a set percentage commission on the lead they provide to the bank. He/she have to verify and complete all the documents for the further loan process.

Benefits offered by ShubhBank to the DSA
We give regular trainings to DSAs to increase their product and its process knowledge.
Our financial institution provides you a good source of income while staying home and without putting in long working hours.
We do not demand any specialized educational qualifications, so any person interested with limited qualification can work and earn smart incentives.

Attach with ShubhBank as a DSA

To work with our financial institution, an aspirant can attach as DSA in following steps with us:
1. Before signing up as business partner, checklist all the factors like commission percentage, targets, working hours etc.
2. Provide all the documents and submit the application to bank and wait for verification.
3. Once all the verification is done then bank sends an agreement for DSA with a stamp duty.
4. Read all the terms and conditions carefully and return the duly filled form to the bank.
5. Once the agreement is submitted then DSA code will be generated by the bank.
6. This code is used as an ID for all future settlements with bank and can start functioning.

ShubhBank bears all the training of DSA on its products and methodologies. So Be Our Business Partner because risk assessment is very low and this work can be done as an additional income source. The loan agent helps us to get a more direct approach to the prospective client in any given geographic location. We offer a fixed share of commission to the loan agent on each product sold by him to the customer. The bond between a DSA and financial institution is considered to be symbiotic as both benefit each other coexisting in a system. ShubhBank.com can help in all kind of online registration in very less time and you can reach us here for any queries.


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WHAT ENTICE YOU TO BE PARTNER WITH SHUBHBANK

Posted on Monday March 16th, 2020

In our journey to bring good financing opportunity to all deserving small businesses, we consistently seek good partners who can help our borrowers get access to funds. If you are interested to be a Business Associate we would love to talk with you and seek ways to mutually benefit. ShubhBank help you to generate swift access to good borrowers thus giving you good returns with an excellent supporting service leveraged by technology. There are several reasons what entice you to be partner with ShubhBank.

• Earn High Payouts: Payout is the expected financial return for every case being disbursed by you. Our institution provides a generous ratio of incentives compared to other DSA’s for all our partners who get their case disbursed. There is unlimited potential for earning thousands of bucks per month.

• Transparent Process: The process beginning from getting a file from the partners till the disbursement, all the operation under ShubhBank will be completely transparent for its partners. Our partner dashboard gives complete visibility and keeps your borrower applicants updated about their case in timely manner.

• Additional and Timely Earnings: Partnering with ShubhBank is a great way to earn great monthly income using the entire personal and professional network and making money outside of your routine job. The will be no delay in getting your payouts directly into your bank account after the completion of your loan disbursement and the return depends on your business done with us.

• Speedy Operation and Quick Disbursal: ShubhBank.com is a digital lending platform so our sophisticated partner relationship management helps you to succeed faster. The flow of operation will occur rapidly and there will be no delay when the required documentation is completely ready for the process of getting a loan.

• Grow your Business: Each borrower has different requirements that ShubhBank understands and helps with. We also provide Credit Consultation, CIBIL Check with the experts’ advice from our efficient professionals.

• Nominal Paper Work: ShubhBank believes in paperless and hassle free approvals. We encourage our partners to send the borrower’s documentation online to reduce the paper work. Our own digital platform is connected with various lenders and services which is completely paperless.

• Your unique Partner Affiliate Code and link: We provide a unique code for each of the partners under which their leads will be logged-in. you can also this code to your customers through which they can directly apply in ShubhBank for which we will you the credit.

• More Funding Product Options: We deal with various financial products that include Personal Loan, Business Loan, Home Loan and Used Car Loan. We also entertain Loan against Property, Gold Loans and Machinery loans. Therefore, we are one stop shop for all your financial needs.

• Confidentiality: The personal and professional detail of the customer stays with us as we know that the financial matters are sensitive.

To Register For Partner with ShubhBank please visit our website ShubhBank.com or feel free to call directly, if you would like to know more about our comprehensive as well as rewarding partnership program.


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WHAT IS THE ROLE OF DSA IN LOAN PROCESSING?

Posted on Friday February 28th, 2020

The role of DSA is somewhere same in all financial institutions but when you Apply For a DSA Role for a particular lending institution, you have to go through a specific DSA Agreement which contains all the rules and regulations applicable.The loan direct selling agents are the one who connects an interested customer to the lender, take care of the required documentation for loan application forms, do fundamental check and ensure that the submitted papers are in accordance with the guidelines of the lending institution. In this article, we will discuss about what is the role of DSA in loan processing and disbursal.

1. Applicability
The code of conduct for DSA will be applicable to all the person employed by DSA who would be involved in marketing and distributions of the financial products of banks and NBFCs. In case of any failure to adhere with this requirement may result in permanent termination of the business tie-up of the DSA with lending institution.

2. Tele-calling a prospective customer
A prospect has expressed his/her desire to take a product via lending website/branch or has been referred by another client or through the Relationship manager, or is an existing customer of the bank who has given acceptance for receiving calls for the other services of the bank or NBFCs.

3. Keep the borrower’s interest secret
The borrower’s privacy should be the first priority of DSA. If the borrower has authorized any other individual/spouse/accountant/family member can be contacted.

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

5. No misrepresentations permitted
The DSA will not misguide the interesting customer on any offered service/product or about the bank and NBFCs and can’t make any fake promises on behalf of the bank and any lending institution.

6. Calling Etiquettes
Pre-call
1. Do not make before or after office hours.
2. No calls if you identify the do not disturb numbers.

During call
1. DSA should introduce himself/herself.
2. Seek a permission to proceed and don’t force if denied.
3. Talk in the language that is most comfortable to the customer.

If the client plans to buy the financial product:
1. Confirm the next call and visit details.
2. Provide your contact number if asked by the customer.
3. Thank the customer for giving his/her valuable time.

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

8. Few precautions to take
DSA should:

Respect the privacy of client.
Do not enter the client’s office/residence without his/her permission.
Take care of customer’s requirements.
Maintain professional relationship.

9. Handling the letters and communication
DSA should follow the prescribed format assigned by the lending institution.”


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HOW GOLD LOAN BENEFITS OVER OTHER LOANS

Posted on Wednesday January 29th, 2020

Gold loan from ShubhBank is an easy and quick way to meet instant financial requirements at low rate of interest. You can meet enormous range of needs such as child’s education, wedding expenses, business investment etc. You can meet your urgent needs by making the gold assets work by taking loan against them. The benefits associated with gold loan include hassle free and fast processing, no hidden charges and security of the collateral etc. here are some reasons that how gold loan benefits over other loans.

• It can be availed at lower rate of interest than other loans.
• The tenure ranges from few months to 4 years or more.
• There is no upper limit for loan amount in gold loan.
• Minimal documentation.
• No credit history and no pre-payment penalty.
• Benefit of fast disbursal as loan amount is provided within few minutes.
• Safe custody of asset.


It provides a lot of flexibility, something that is convenient by those who take gold loans. Another for this loan’s popularity is that you do not have to be employed or have to satisfy any income criteria to avail it. If you are 18 years old and own gold then you are eligible to avail a gold loan from ShubhBank. It does not include any exhaustive documentation and can be availed with only KYC documentation. Before applying you have to furnish the following documents:

• Two recent passport size photographs.
• Identity proof such as ID card, Aadhaar card, ration card etc.
• Address proof such as Aadhaar card, domicile certificate, utility bills etc.


Gold loans are always the best option to meet your emergency fund requirements. You also need to understand that you are borrowing against gold ornaments, which you need to repay with the accrued rate of interest. In case you default on repayment, then lender has authority to confiscate your jewelry to make up for the loss. You need to be more cautious while you Apply For a Gold Loan. Here are few tips for choosing a gold loan:

Compare rate of interest: Many banks and NBFCs are offering gold loans with great benefits. So make sure to get best rate of interest by comparing the interest rates provided by different lenders in the market.

Check add-on charges: Like other loans, there are always some add-on charges such as processing fee, documentation charge etc associated with Loan Against Gold. Therefore, you should understand all the add-on charges before applying for a loan.

Security of gold: You provide your gold jewelry as collateral so you must ensure the safety of asset. Always check the security measures at the lender’s end for the security of your gold.

Now you know gold loan better then make sure you take full advantage of it and educate others also to avail gold loan from ShubhBank. Empower all to make the better choice when it comes to taking a secured loan. Gold loans are preferred over other types of loans owing to quick disbursal without tedious paperwork.