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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.


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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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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.