Home Loan DSA Agents in India (Direct Selling Agents) make good money on home loans, as the demand for them has increased manifold in India. As a Home Loan DSA Agent, you work as a link between people looking to take loans and various Banks and financial Institutions, helping them get the best deals on home loans and earning handsome commission.
If you are looking forward to starting your career as a direct selling agent home loan in India, then this article will guide you completely about the DSA registration India process.
What Does a Home Loan Agent Do?
A home loan advisor or Home Loan DSA Agent is an individual or an institution which has tie-up’s with Banks or Non-Banking Financial Companies (NBFCs). The Housing Loan DSA helps the applicants to get through the DSA Home Loan Process, assist them in documents requirement and many more as they act as a middleman. DSAs get paid for each successful loan disbursement.
Guide on How to Apply as a Home Loan DSA Agent in India
Step 1: Apply
Visit Ruloans website, in the DSA section click on Home Loan DSA and fill the registration form for Home Loan DSA Agents and submit it with required documents.
Documents Required:
- Soft copies of your PAN card, Aadhaar, passport or voter ID- For identity proof.
- Two passport-size photographs: Recent and clear.
- GST registration(for companies, if applicable):Companies applying as DSAs are required to submit GST registration.
- Proof of employment : Salary slips if employed , account statements, if self-employed address proof of running a business, or invoices and financial statements.
- Bank account details: Last three month bank statement.
- DSA Registration form for Home Loan: Please enter all your personal and financial details.
Step 2: Expect a Call
Post the submission of your application, a Ruloans representative for the support team will give you a call. They shall explain to you the process further and also schedule a meeting with you for discussing about your role being a Home Loan DSA Agent.
Step 3: Meet with a Ruloans Manager
In the meeting you will be told about how to generate leads? How to handle applications? Everything will be explained by Manager at Ruloans.
Step 4: Sign the DSA Agent Agreement
Post your acceptance of the same along with all the details you understood and agreed upon, you will be required to sign the DSA Loan Agent Agreement document after which you will become a Ruloans Home Loan DSA Partner and can start earning.
Step 5: Receive Your DSA Agent Code
Post agreement you will be allocate with unique Home Loan DSA Agent code which required to monitor your loan application and commissions (payouts) , Also will help you to keep your client as well your earning record in systematic way.
Who Can Become a Home Loan DSA Agent in India?
The opportunity to become DSA Agent in India is open to a wide range of professionals, including:
- Loan agents
- Ex-bankers
- Financial analysts
- Mutual fund agents
- Chartered accountants
- Builders
- And many more
Simplify Your Home Loan DSA Agent Registration Process with the Ruconnect App
To streamline your Home Loan DSA Registration process in India, Ruloans offers the Ruconnect App—India’s first B2B Loan Distribution Channel Partner App. Designed exclusively for DSA agents, the Ruconnect App simplifies KYC procedures and document submissions, ensuring a seamless and efficient application process.
Once registered, DSA Partners can track real-time applications, claim payouts online, check customer CIBIL scores, and much more.
Eligibility Criteria to Become a Home Loan 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 educational requirements to become a Ruloans Home Loan DSA Agent.
- Professional Qualifications: Whether you are a working professional or a business owner, you are eligible to apply home loan DSA.
Mandatory Documents Required for Home Loan DSA Agent Registration in India
To register as a Home Loan DSA Agent in India, you must submit the following documents:
- Soft copies of PAN card, Aadhaar, passport, or voter ID
- Two passport-size photographs
- GST registration for companies (if applicable)
- Proof of employment
- Bank statement for the last three months
- Completed Home Loan DSA Agent Registration form
Benefits of Becoming a Home Loan DSA Agent in India
- Attractive Commission Structure: DSAs are paid commission on the disbursed loan amount which makes it a highly lucrative opportunity.
- Flexible Working Hours: As a DSA, you can work at your own pace and schedule, giving you the flexibility to balance other commitments.
- No Investment Required: Starting as a DSA requires minimal to no investment, as most banks and NBFCs provide the necessary training and marketing materials.
- Expanding Network: When you work as a DSA, you get to build your network with banks and customers which can help you in future for more business.
Final Words!
Registering as a Home Loan DSA Agent with Ruloans is a significant step towards a successful career in the financial services industry. Our efficient registration process, coupled with the vast opportunities provided by our partnerships, makes us the top choice for aspiring DSAs. Whether you’re a seasoned professional or just starting, Ruloans is here to support you every step of the way.
Ready to take the next step? Visit the Ruloans website and start your Home Loan DSA Agent registration today. Join us and become part of India’s largest home loan distributor network, where your success is our priority!
