Axis Bank is one of the largest and most competitive players in the industry. DSA Direct Sales Agent has always been an evolving entity for Axis Bank as it has aligned itself with market changes and technological advancements. Hence a new onboarding process for DSA agents has been designed for Axis Bank in 2024 which will simplify the process and enhance the experience of potential partners. Axis Bank DSA program will connect individuals or entities to be authorized to act as intermediaries between borrowers and banks offering various loan products; hence they will earn commissions on successful referrals.
This blog talks about some of the latest updates on Axis Bank DSA Agent Registration including the benefits, simplified process, and why 2024 is a great time to become a loan DSA agent.
Axis Bank DSA Registration 2024: What’s New and How It Benefits You?
- Simplified Axis Bank DSA Registration Process
Axis Bank Digitized the DSA Registration Process for 2024. Last Year the Whole Process Was Done in Digital Format. DSA Agents Can Fill their Application Online, Submit the required documents, and even Track their Registration Status Online. Such a more Digitalized way saves time and is also made accessible to new entrants to the program.
- Digital Integration
Axis Bank trains its DSA agents on products, marketing, and loan application process. Ruloans trains the agents through Ruconnect App which helps them to manage leads, track commissions and communicate with your clients.
- Expanded Product Portfolio
Axis Bank has a wide range of loan products; hence DSA agents for loans can have more financial solutions to offer to their clients. Loan products fall under personal loans, home loans, car loans, and business education loans. If one wants to have a business loan from Axis Bank’s branded DSA then this is the right time to leverage the increased demand on various loan products.
- More Training and Support
Axis Bank has invested heavily in training its agents. The bank provides detailed onboarding, digital tools, and continuous support so that DSA agents for Axis Bank are ready to succeed. This training is on Axis Bank’s loan products, sales strategies, and customer relationship management.
- Faster Loan Processing
Axis Bank has simplified the loan approval process making it easy for agents to close deals quickly and almost seamlessly. Because of less manual paperwork, DSA loan agents can submit loan applications faster; hence delays are reduced and customer satisfaction is improved.
- Relationship Managers
Axis Bank will roll out DSA agents in 2024 with dedicated relationship managers. DSA agents will get personalized support and guidance on their sales management challenges.
- Real-Time Monitoring and Analytics
The new digital platform of Axis Bank allows DSAs to track their applications directly. This is an excellent feature for DSA representatives as they can see the loans disbursed, pending approvals and commissions earned.
- Instant Payouts
Axis Bank will introduce faster commission processing for DSAs in 2024. Improved payout system ensures that agents get their earnings on time which in turn motivates them more.
How to Apply for Axis Bank DSA Registration Program
The Axis Bank DSA Registration process is simplified by Axis Bank as well as Axis Bank for hassle-free quick onboarding. Below is the step-by-step registration process.
- Axis Bank DSA Role
As a DSA for Axis Bank, you will do the following.
- Source potential borrowers for various financial products
- Assist customers with documentation and loan application submission
- Ensure applications are processed and submitted correctly
Meet Eligibility
Applicants must meet the eligibility criteria defined for the DSA Program by Axis Bank.
- Citizenship: You must be an Indian citizen.
- Age: You must be at least 18 years old.
- Credit Score: Higher credit score is good but not mandatory. A better credit profile will give you more options.
- Training: Axis Bank offers compulsory training that will educate you about products, compliance, and sales strategies.
- Prepare Documents
Below are the documents required by Axis Bank for Candidate Registration:
- Identity proof: PAN card, Aadhaar card, voter ID, passport
- Address proof: Passport, driving license, utility bills, license agreement
- Income proof: Salary slips, business address proof, payment invoices
- Tax details: Form 16 and other income tax documents
- Bank account details: Latest three months’ bank statement
- Registration form: The Axis Bank DSA Registration Form captures only the personal and financial information of the candidate.
- Two passport-size photographs
- GST registration: If applicable
- Visit the Axis Bank DSA Portal
You can start the registration by visiting the Axis Bank website and going to the DSA Program section or through a corporate DSA partner like Ruloans which will make the process easier and will provide further training and support.
- Fill the Application Form
Fill in the personal and business details in the Axis Bank DSA Registration Application form online. Make sure all required documents are uploaded.
- Submit the Application
Once you fill out the form, review your information and submit to apply. A bank representative may call you for further verification.
- Background Check and Verification
Axis Bank will do due diligence and will verify your documents. An interview may be scheduled to discuss your expectations as an Axis Bank DSA Partner.
- Get Training and Login Details
Once your application is approved, Axis Bank will train you on their products, sales process, and compliance. At this stage, you will also get the login ID for their Axis Bank DSA Portal where all your leads and commissions will be tracked.
- Agreement Signing:
After completing the training, you will be required to execute an Axis Bank DSA agreement specifying the terms and conditions, commission structure, and legal obligations.
- Obtain Your DSA Code
Upon registration, you will be assigned a DSA unique code that tracks your business and commissions. This code is vital in handling your referrals and payouts.
- Start Generating Business
Your DSA code with Axis Bank enables you to begin referring clients to Axis Bank and earn commissions on successful loan disbursals.
Final Words!
The Axis Bank DSA Registration Program 2024 opens up fantastic opportunities for people who want to penetrate the loan distribution industry. Collaborating with Ruloans gives the extra benefit of a vast spectrum of loan products, competitive commissions, and complete training and support. Ruconnect will help you streamline your business operations so that you can quickly start earning commissions on disbursed loans.
Become an Axis Bank DSA agent with Ruloans and access India’s booming financial industry by providing customers nationwide with vital loan products and insurance. Partner with Ruloans today, and take the very first step toward a thriving career as a Direct Selling Agent for Axis Bank!
