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FREQUENTLY ASKED QUESTIONS ABOUT DIRECT SELLING AGENT (DSA)

Posted on Thursday July 30th, 2020

Who can apply as a Direct Selling Agent?
A person who is interested and have knowledge of financial products and desirable to work in public dealing with a good communication and convincing skills can Apply as a DSA with bank or NBFC.

What are the benefits for a financial institution to keep DSA?
There are number of benefits in appointing a loan agent.
• It makes the local approach easier.
• DSAs shortlist the potential customers.
• Common people become more aware about the financial products offered by lending institution.
• Loan seekers through DSA are easy to be addressed as DSA has performed preliminary verification and registered the needs of the client.

How does a DSA approach the customer?
DSA cannot directly approach someone who’s a potential customer but if individual is referred to DSA through someone or he/she himself presents a desire to avail the financial product to the loan agent.

How a DSA earns?
The lending institution offers a fixed percentage of incentive to the direct selling agent on each product sold by him/her to a client. Therefore, every potential loan seeker is an earning opportunity for the DSA.

How can an individual attach with a lending institute as a DSA?

To Become a DSA a person needs to follow given steps:

• Search for a genuine financial institution to work as a DSA depending upon factors such as payouts, working hours, targets etc.
Register as a DSA by submitting your application to the institution.
• Provide all the needed documents required by bank/NBFC and wait for the verification.
• Past credit report shall also be considered.
• Once you met the eligibility criteria and all your records are up to the mark, the institution will send you an agreement for DSA with a stamp duty.
• The applicant needs to return the duly fill form to the bank/NBFC if he/she agrees to all the terms and conditions as per the agreement.
• Then after DSA code is generated by lending institution which is used by candidate as an ID for all future settlements.

What are the uses of DSA code?
This code is used by DSA in all the documents submitted on behalf of a customer as well as it is tracking number for the loan agent to track the progress of loan application.

Why the DSA and financial institution relationship is symbiotic?
This relationship is considered to be symbiotic in nature because of the benefits provided to each other while coexisting in a system.

Benefits offered by the DSA to lending institution:
• DSA makes the people more aware about the financial products of the bank/NBFC; he/she is attached to.
• DSA saves a lot of time of the lenders as the preliminary verification of documents is performed by him/her.
• DSA keeps constant eye on competitor products giving a better idea to the lending institution about new market trends and requirements.

Benefits offered by bank/NBFC to a DSA:
• Regular trainings and workshops for DSAs to increase their product knowledge.
• It gives the DSA a good source of income without working for full time.


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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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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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ONLINE REGISTRATION FOR CORPORATE DSA AT SHUBHBANK

Posted on Friday January 31st, 2020

ShubhBank is a one stop solution for all your financial requirements as one can avail any kind of financial assistance in form of loans either secured or unsecured types of loans. There is wide range of financial services such as personal loans, home loans, loan against property, gold loan, business loan, machinery loan, insurance and many more.

By joining hands with ShubhBank, you get an opportunity to earn plentiful incentives by sourcing customers looking for different financial products located anywhere in India, being DSA. You act as a link between borrower and lender and will look for customers seeking loan. Here you are provided with information about Corporate DSA Registration at ShubhBank and partnership opportunities.

Registration process just involves four steps:
• Fill up a simple application form with your name, phone number and email id.
• A unique code for DSA will be provided.
• Once you are done with password settings then your own dashboard pops up.
• Start submitting leads and make money from successful turnouts.

Benefits of being DSA at ShubhBank
We are committed to build trust and an opportunity for self-employment as well as take care that our objectives and goals would be accomplished by being all-inclusive. We appreciate working with diverse kinds of individuals and gain knowledge. Join hands with ShubhBank and enjoy ease of growing with simplicity and honesty.
• Start with zero investment and earn an additional income.
Be Your Own Boss and run your business with minimal cost and risk.
• Liberty to work alone or hire a team to go big.
• No discrimination of age, gender or disability.
• Social and personal recognition without any higher education.
• You can choose flexible working hours from your personal space.

Work profile of DSA
There are lots more things that loan agents can do rather than just referring us the potential leads.
• Procure the loan application from borrowers along with the required documents.
• Go through to check nothing is missing in both the application form and the documents.
• Go for a basic verification of the documents to ensure that they are genuine.
• Upload the loan application and documents on ShubhBank’s portal.
• Fill your DSA code along with application so that it can be traced back to you.

How to refer clients for loan
• Open your unique dashboard with DSA code.
• Click on to open new application form.
• Select the required type of loan product from the drop down list.
• Select the mode of collection for documents. It is advisable to procure the papers from the borrower yourself otherwise ShubhBank will also do it for you.
• Proceed the process.
• Fill in the details of referral loan amount, job type etc.
• Please select the EMI option most suitable for your client.
• Submit the application.
• We need supporting documents to be uploaded such as ID proof, address proof, PAN card details, business continuity proof, latest bank statement, etc.
• Within few days of approval, your lead will get the loan amount transferred to bank account and simultaneously your payout is also transferred to your account.


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ONLINE REGISTRATION AS A LOAN DSA WITH SHUBHBANK

Posted on Monday December 23rd, 2019

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.


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REASONS OF BECOMING A BANK DSA

Posted on Wednesday November 27th, 2019

ShubhBank provides a good credit finance journey to all deserving individuals and consistently seek good partners who can help our customers get access to capital. If you are a lender or looking for a side business, we would love to talk you and seek ways to mutually benefit each other. We aim at swift access to good borrowers thus giving you good incentives with a superior supporting service leveraged by advanced technology. If you would like to know the Reasons of Becoming a Bank DSA for rewards are mentioned below:

HIGH PAYOUTS: Payout is described as the financial return for every loan case being disbursed by you. We provide a generous ratio of payouts to all our partners. There is no such limitation for earnings, you can earn as much as you can depending upon your potential.

TRANSPARENCY: The process of all the operations under disbursement of loan will be completely transparent for the DSA. Our platform gives complete visibility and allows you to grab more and keep your borrowing applicants updated about their loan status.

ADDITIONAL EARNINGS: It is a great way to accelerate your monthly income using your personal and professional convincing skills and making money outside of your primary job. We do not make delays in giving your payouts once after the completion of disbursement. Payment will be in the form of cheques.

QUICK DISBURSAL: Our partner relationship manager helps you with all the operations that help you succeed faster and operation flow will also be rapid. There will be no delay when all the documents are in place for the process of getting a loan.

BE YOUR OWN BOSS: We understand the borrowing needs and situations of our customers. We also provide CIBIL consultation with the expert’s advice. A DSA can help the borrowers in getting approvals depending upon the bank policy. You can work anytime from anywhere, therefore, giving you an opportunity of being your own boss.

MINIMAL DOCUMENTATION: ShubhBank believes in paperless loan approvals that are quick and smooth. We encourage our loan agent to collect the files through online modes to reduce the paperwork. Our digital platform is also connected with lenders and DSAs which is also paperless.

PARTNER AFFILIATE CODE: We provide unique code for each of the partner under which their loan cases will be logged in. you can also share this link to your contact through mails or messages. They help the people for applying a loan at ShubhBank which will provide you a credit.

MORE FUNDING OPTIONS: We deal with innumerous product options like Personal loan, Business loan, Home loan, Used Car loan, Loan against Property, Gold Loan, Machinery Loan etc. Therefore, we act like one stop shop for all your financial needs.

THE CONFIDENTIALITY: We understand the financial matters are bit sensitive so the details of the borrowers stay safe with us. Even we will be happy to sign a non-disclosure agreement for businesses.

To Register As DSA with ShubhBank, visit our website ShubhBank.com or feel free to call us if you would like to know more about the partner program.