Loan Agent in India or Direct Selling Agent (DSA) is a lucrative career option in the Indian financial services. The demand for different loans has made Loan Agent a much needed profession.
This guide will walk you through the steps on how to become DSA Agent in India.
What Does a DSA Loan Agent Do?
A Loan DSA Agent or Direct Selling Agent India (DSA) is essentially a person or an entity that acts as a middleman between a borrower and lenders. They help customers in getting loans from banks by applying on their behalf and making sure that they submit all the relevant documents required for the loan application. DSAs make money via commission which is a certain percentage of the loan amount which has been disbursed. To be a DSA, you must have good communication skills, thorough knowledge about financial products and the ability to develop relationships with customers.
Step-by-Step Guide on How to Become a DSA Loan Agent in India
Step 1: Loan Agent Registration
Visit the Ruloans website and go to the “Become a Partner” page. Fill up the “Become a Partner” form along with submitting few documents like:
- Soft copies of your PAN card, Aadhaar card, passport or voting card can be uploaded.
- Two passport-size photographs
- GST registration (if applicable)
- It is imperative that you provide documentation evidencing your employment or ownership of business (e.g., pay slips salary bank statements, financial statements)
- Bank statements for the last three months
Step 2: Expect a Call
Post submission of your application, a Ruloans representative would call you to explain you the further process, help you select a Ruloans Manager meeting and fix appointment with the Ruloans manager.
Step 3: Meet with a Ruloans Manager
In the meeting, one Ruloans manager will explain you everything about how to generate leads, how to process applications and how you have to work as a DSA agent loan. This meeting is importantly conducted for you to know the process and what is expected from you.
Step 4: Sign the DSA Agent Agreement
Once you are good with the process, you need to sign DSA agent agreement which finalize your partnering with Ruloans and start earning commission on immediate effect.
Step 5: Receive Your DSA Agent Code
As the DSA Loan Agent in India you will be provided with a unique DSA agent code which is required to track your loan application and commissions, with this code you would be able to also track your progress and guarantee timely payouts.
Eligibility Criteria for Becoming a DSA Loan Agent in India
To Become a DSA Loan Agent In India with Ruloans, you should satisfy the given eligibility criteria:
- Age: You must be over 25 years old.
- Nationality: You must be a resident citizen of India.
- Educational Qualifications: No specific educational qualifications are required and so is open to all.
- Professional Qualifications – Working Professional, Businessmen or financial consultants can also register as DSA Loan Agent in India.
Simplify Your DSA Registration in India with the Ruconnect App
Ruloans has made it even easier to Become Loan Agent India through the Ruconnect App. This app, India’s first B2B Loan Distribution Channel Partner App, simplifies the registration process, making it more convenient for potential DSA Loan Agents in India. Here’s what you can do with the Ruconnect App:
- Streamlined Registration: Register quickly with concise KYC and required documents.
- Real-Time Application Tracking: Monitor the status of loan applications in real-time.
- Online Commission Claims: Easily claim your payouts online.
- Check Customer CIBIL Scores: Access customer CIBIL scores directly through the app.
Why should one choose to become a DSA Loan Agent in India?
Becoming a Loan Agent in India offers several advantages:
- High Earning Potential: As a DSA Loan Agent, you shall earn commissions on every loan disbursed successfully. More loans disbursed; higher you earn.
- Flexitime: It is a good employment option for you as it allows you to work at your pace thus great if you are looking more into careers which offer flexibility.
- Low Investment: You can start as a DSA with low investments, so it’s a business which is open to many aspirants.
- Growing Demand: India being the second most populous country in the world has an ever-growing need for loans. So, there is a constant demand for loan agents, be it Housing Loan Agent or Loan Advisor India.
Final Words!
Becoming a DSA Loan Agent in India with Ruloans is an excellent opportunity to boost your career in the financial sector. With the help of Ruloans and its vast network of 25000 plus distributor partners and strong relationships with all the major banks and NBFC’s, you are just a few steps away. Follow the steps outlined in this guide, leverage the Ruconnect App for a seamless DSA registration process, and start earning commissions as a Ruloans loan distributor and DSA Loan Agent in India.
