Looking for a rewarding career in financial services? Become a Loan Agent in Mumbai in 2024 and earn high payouts while helping people fulfill their financial requirements. Mumbai being the financial capital of India, the demand of personal loan is always high making it a highly rewarding option.

Here’s a step-by-step guide on how to apply as a Personal Loan Agent in Mumbai.

What Does a Personal Loan Agent in Mumbai Do?

Before you apply as a Personal Loan Agent in Mumbai, let’s first understand what a Personal Loan Agent does. As a Personal Loan Agent, your responsibility would include the following:

  • Generating Leads: Identifying potential clients who need personal loans.
  • Advising Clients: I help guide clients through the loan process, understanding what loan options they have and what would be best for them.
  • Document Collection: Assisting clients in collecting and submitting the documentation required for loan approval.
  • Application Submission: Submitting the loan application to the lender on behalf of the client.
  • Earning Commissions: Earning a commission on every successful loan disbursement.

Step-by-Step Guide on How to Apply as a Personal Loan Agent in Mumbai

Step 1: Apply Online

Start by going to the Ruloans website and go to the Personal Loan DSA section, there you will find the Personal Loan DSA Agent form. Fill in all the details required and submit it along with your documents. To be a Loan Agent in Mumbai you must provide.

Soft copies of PAN card, Aadhaar, passport, or voter ID

Two passport-size photographs

GST registration (if applicable)

Proof of employment – Salary slips if employed/Account statements and Address proof if Business/Invoices and Financial Statements if Self Employed.

Account details: Your bank statement for the last three months.

Step 2: Expect a Call

Post application our Ruloans support team will get in touch with you for any assistance or help needed by you in next process and to arrange a meeting.

Step 3: Meet with a Ruloans Manager

In the meeting our Ruloans Manager will let you know how leads gets generated, all other important things which you should know to start working as Personal Loan DSA Agent.

Step 4: Sign the DSA Agent Agreement

Once clarity on process is there you will sign DSA Loan Agent Registration agreement which kind of forms your ownership with Ruloans so they start giving you commission from very first disbursement.

Step 5: Receive Your DSA Agent Code

As a Ruloans DSA Partner you will have unique DSA Agent code which is very important to track loan application and commissions (payouts).

Who Can Apply as a Personal Loan Agent in Mumbai?

Becoming a Personal Loan Agent in Mumbai is open to a variety of professionals, including:

  • Loan agents
  • Ex-bankers
  • Financial analysts
  • Mutual fund agents
  • Chartered accountants
  • Builders
  • Any other Field

Eligibility Criteria Need to Match as Personal Loan Agent in Mumbai

To become a Personal Loan Agent in Mumbai you need to fulfill the below mentioned eligibility criteria:

  • Age: Must be over 25 years of age.
  • Nationality: Must be a resident citizen of India.
  • Educational Qualifications: No specific educational requirements.
  • Professional Qualifications: Open to both working professionals and business owners.

Mandatory Documents Required to Register as a Personal Loan Agent in Mumbai

For Personal Loan DSA Registration in Mumbai, you have to submit following documents:

  • Soft copies of PAN card, Aadhaar, passport, or voter ID
  • Two passport-size photographs
  • GST registration (if applicable)
  • Proof of employment: Salary slips if employed, account statements and address proof if running a business, or invoices and financial statements if self-employed.
  • Account details: Your bank statement for the last three months.

Make Your Personal Loan Agent Registration in Mumbai Easier & Quick with Ruconnect App

For faster and hassle free Personal Loan Agent Registration in Mumbai, you may use our Ruconnect App by Ruloans. Ruconnect is the India’s 1st B2B Loan Distribution Channel Partner App by Ruloans exclusively for the DSAs. This app helps you to submit the short KYC along with few documents requirement directly from app and get your approval in no time.

The app also has some other utilities, like applying for online payouts, Real-time application tracking, and CIBIL score, which makes it more than a necessity for Personal Loan DSAs.

Final Words!

Applying as a Personal Loan Agent in Mumbai with Ruloans is a smart move if you want to establish yourself in the financial services industry. With an easy application process, great support and competitive payouts, Ruloans gives you the platform to build a successful career. Start your journey today and become a Loan Agent as part of India’s largest loan distribution network with over 25,000 distributor partners!

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