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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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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.