A Job Loan Agent in India is both rewarding and essential in the Indian financial sector. Loan agents are middlemen who connect lenders and borrowers and help clients get the best loan products. With the increasing use of financial products, one can start a career as a loan agent and have many opportunities to grow.
Role of a DSA Loan Agent in India
Many Fintech firms and banks use direct selling agents (DSA), and these personnel work independently and freely at their convenience. Specializing agents of bank loans have the freedom to work time for themselves. However, their primary duty is to self-generate and pass on quality contacts and loan leads to financial organizations. Indeed, a DSA Loan Agent specializes in mutual funds, home loan DSA, personal loan DSA, business loan DSA, and other essential loans encompassing one’s portfolio.
One of the most significant and crucial functions of every loan DSA is collecting the documents the customer prescribes and verifying their correctness. Loan agents also help the local banks and finance firms process loans until they are successful. This hastes up the whole system and, in turn, saves the bank a lot of time.
Way to Register as a Loan DSA Agent in India
It is easy to register as a loan agent with Ruloans. More on this. Follow these steps on how to Become Loan agent in India:
- Apply: Go to Ruloans’ official page and find the “Become Partner” tab. Complete the DSA registration form, attach the necessary documents, and submit the form.
- Expect a Call: After you submit your application, the Ruloans support team will contact you to help you proceed and arrange a meeting.
- Meet: During the meeting, a Ruloans Manager will explain everything you need to know, including the process for generating leads and the various loan products available.
- Sign the Loan Agent Agreement: To understand the process, you must sign a loan agent agreement.
- DSA Agent Code: When doing business with Ruloans, you will be provided with a DSA agent code, which is very helpful in tracking loan applications and commissions (Payouts).
Documents Required for Loan DSA Registration in India
To become a loan agent with Ruloans, you must submit a soft copy of your phone number, PAN card, Aadhaar, passport, voter ID, etc., and two passport-size photographs of yours for individuals or GST for firms at the time of registration.
Simplify Your Online DSA Loan Agent Registration in India
Ruconnect App, launched by Ruloans, is India’s first B2B Loan Distributor Channel Partner App specially designed for DSAs. A simplified and brief KYC and submission of the necessary documents help make the application process smoother and faster so that the possible DSAs can be approved.
Eligibility Criteria to become a Loan Agent in India
- Age Required: You must be above 25 years old.
- Nationality: You should be a Resident Citizen of India.
- Educational Qualifications: No educational qualification is required to become a Ruloans loan agent.
- Professional Qualifications: Whether you are a working professional or a business owner, you can register as a Ruloans loan agent. Professions like loan agents, ex-bankers, financial analysts, mutual fund agents, chartered accountants, and builders are ideal candidates.
Why One Should Become a Loan Agent with Ruloans?
Ruloans is India’s largest loan distributor, with over 25,000 distributors. You can access top private banks, PSU banks, NBFCs, and other financial companies by partnering with us. Here’s why one should join Ruloans:
- Attractive Commissions (Payouts): You will receive high commissions based on the loan amount you assist in disbursing.
- Wide Range of Products: Offer your clients as many types of loans, mutual funds, and insurance as possible.
- Comprehensive Support: Ruloans provides demanding preparation and entrusting, so you win.
- Flexible Working Hours: You will be free to work at your own pace and grow your business at your own pace.
What Kind of Training is Given to Become a Loan Agent in India?
Once selected, a DSA loan partner undergoes comprehensive training covering:
- Loan Types: In-depth knowledge of all loans, interest rates, tenor, eligibility criteria, and repayment terms.
- Communication Skills: Better communication is better sales.
- Customer Rapport: Establish confidence and reliability with the target customers in case of potential borrowers.
- Customer Service: These are the ways and means of training and learning from real problems one faces. Another plus point is customer relationships.
- Regulations Knowledge: You will be attending courses on RBI regulations and other financial institution guidelines to enhance your technical knowledge.
Advantages of Becoming a Loan Agent in India
There are many advantages of becoming a DSA Agent in India:
- You don’t need previous experience as a DSA loan representative or a college degree.
- The profession is less demanding; you can work as a loan agent whenever possible.
- Each loan sanctioned against your referral DSA code will earn you commission (Payouts) the more the loan amount.
Conclusion!
Becoming a loan agent with Ruloans is a great career option with many benefits. Follow the above steps to register as a Ruloans loan agent and earn attractive commissions (Payouts). With Ruloans’ vast network and support, you can build a successful career in the financial sector.
If you are wondering how to become a loan agent, apply for DSA with Ruloans, India’s leading loan distributor. The possibilities are endless, and you can specialize as a home loan agent, personal loan DSA, or business loan DSA. Start your journey as a direct selling agent today and unlock your potential as a successful DSA loan partner.
