Are you looking for a fulfilling career as a Direct Selling Agent (DSA Agent in India)? This is an excellent opportunity to earn attractive commissions while providing people with access to numerous financial products, from loans to insurance.
If you’re thinking about how to Become a DSA Agent in India, this guide will explain 9 simple steps to become a DSA Agent in India.
What Does DSA Agent in India Do?
A DSA Agent in India act as intermediary between lenders and borrowers. They provide leads to banks or financial institutions, assist customers in documentation and loan application processing to the bank or financial institution. For each successful loan disbursed, they earn a commission.
Here’s a step-by-step guide on how you can Become a DSA Agent in India.
Step 1: Apply
The first step to becoming a DSA agent with Ruloans is to apply online. Visit the Ruloans website and navigate to the “Become a Partner” section. Fill out the “Become a DSA Agent” form with your personal and financial details. You’ll need to submit the following documents:
- Soft copies of your PAN card, Aadhaar, passport or voter ID
- Two passport-size photographs
- GST registration (if applicable)
- Salary slip if employed/ Account statement, Invoice and Financial statement if self-employed.
- Your bank statement for the last 3 months
Step 2: Understand Eligibility Criteria
The following are the eligibility criteria that you must match to become a DSA Agent in India:
- Age: You must be over 25 years old.
- Nationality: You must be a Resident Citizen of India.
- Educational Qualifications: There are no specific academic requirements.
- Professional Qualifications: You can become a DSA Agent in India if you are a working professional or business owner or self-employed.
Step 3: Expect a Call
Post the application you will receive a call from Ruloans support team. This call is basically to help you with DSA Registration and schedule a meeting to discuss future business relation with Ruloans.
Step 4: Attend a Meeting
After going through the loan application the financial institution will call you for an interview/training. When you come for interview a Manager of the Bank will explain you everything about How to be a successful Loan DSA agent? From where can you generate leads? What all products they have? & How can you earn more?
Step 5: Attend Training Session
Once selected, a DSA Loan Agents undergoes comprehensive training covering:
- Loan Types: Detailed understanding of different loans, interest rates, terms, eligibility criteria and repayment structures.
- Communication Skills: Enhancing communication for excellent sales performance.
- Customer Rapport: Building trust and dependability with potential borrowers.
- Customer Service: Developing problem-solving skills and fostering customer relationships.
- Regulations Knowledge: Knowing RBI regulations & other financial institution guidelines etc to sharpen the technical skills.
Step 6: Background Verification
Once you pass the interview or training session, the institution will conduct a background verification. This process ensures that you have a clean credit history and no criminal record. The verification might take a few days to complete.
Step 7: Sign the DSA Loan Agent Registration Agreement
Once you’re comfortable with the process, you’ll need to sign the DSA Loan Agent Agreement. This agreement officially makes you a Ruloans Loan Advisor, allowing you to start earning commissions immediately.
Step 8: Receive Your DSA Agent Code
On signing, you will receive a unique DSA Agent code which is mandatory to track your loan applications & commissions (payouts). Ruloans gives you an advantage of real time tracking of your applications thus help you manage your business easily.
Step 9: Start Generating Leads
With your DSA Agent code in hand, starts generating leads. As a Ruloans Loan Distributor you just have to refer potential customers to avail any of our financial product and get rewarding commissions on every disbursed loan amount.
Mandatory Documents Required to Register as a DSA Agent in India
- Soft copies of PAN card, Aadhaar, passport, or voter ID
- Two passport-size photographs
- GST registration for companies (if applicable)
- Proof of employment (salary slips, account statements, invoices, or financial statements)
- Bank account details (bank statement for the last three months)
- Filled out “Become a Partner” registration form
Simplify Your DSA Agent Registration Process in India with the Ruconnect App
For a smooth and efficient DSA Agent Registration Process, Ruloans offers the Ruconnect App, India’s first B2B Loan Distribution Channel Partner App. This app streamlines the DSA Registration process, allowing you to submit concise KYC and required documents quickly. The app also offers features like online payout claims, real-time application tracking, and customer CIBIL score checks, ensuring a seamless experience for all DSA Loan Partners.
Final Words!
Becoming a DSA Agent in India for various financial products including, Home Loan DSA Agent, Personal Loan DSA Agent, Business Loan DSA Agent, and more with Ruloans is simple and can lead you to new heights in your career. Just by following these 9 Simple Steps, you can begin your journey as a Loan DSA agent in India facilitating loans between borrowers and lenders and earning fantastic commissions as rewards. So, if you were a Loan Agent earlier, an ex-banker or a financial analyst looking for some new opportunity in business development this will be just right place to start for anyone as a DSA with Ruloans.
Take the first step today—register as a DSA agent with Ruloans and unlock your potential in the financial sector!
