DSA Loan Partner Program for Home Loan

1. DSA Loan Partner Program for Home Loan A Direct Selling Agent (DSA) or a DSA loan partner refers to the individual that acts as a mediator between lending institutions like banks and NBFCs and individuals applying for personal loans. They assist them in the application processes and receive a commission in return for their services. Why do Banks and NBFCs Hire DSA Agents? Banks and NBFCs hire DSA agents to increase their clientele and earn higher revenue. Also, DSA agents o?er personalized advice after listening to the client’s needs and income sources. Individuals interested in applying for home loans reach out to a DSA loan partner to choose the best possible product suited to their needs. The process is based on mutual trust and honest exchange of information. How to Apply for DSA Loan Partner Program for Home Loan? Register on the O?cial Website: If you want to apply for the role of a DSA loan partner anywhere in the country, head to the o?cial website of the lending institution you want to partner with. You will find an option called ‘Partner Program.’ Click on it. Submit the Required Details: Once you click on the loan ‘Partner Program’, a registration form will be displayed. Fill in the required details and complete the registration process. Turn Up for the Interview: If the lending institution’s o?cials approve your profile, you will be called in for an interview. The interviewers would want to assess your abilities and check if you are a good match for the role of a DSA agent. The interviewers will also take you through the duties and responsibilities of a DSA loan partner, and inform you of the existing and upcoming loan products. Understand the Role: During the interview, you have to understand how a DSA loan partner generates leads for the banks and NBFCs. The interviewer will walk you through the loan schemes and the ins and outs of the loan sanctioning processes. You will get a closer look at how a DSA agent establishes trust with their customers, positions the loan schemes and convinces interested individuals to buy their products.

2. Sign the DSA Agreement: The DSA agreement is a written contract that shows both parties' consent to the terms and conditions. If you agree to the working conditions and roles and responsibilities and the bank or NBFC approve you, you must sign the DSA agreement. After you sign the deal, you will be onboarded in the organization. Undergo Training: To excel as a DSA agent, you have to understand the loan products and convince clients to buy them. To do that e?ectively, you must undergo training. Loan facilitators like Andromeda Loans, o?er various on-job training modules that will familiarize you with the loan sanctioning processes and available schemes to help you succeed as a loan DSA partner. Eligibility Criteria to Apply for DSA Loan Partner Program Must be Above 18 Years of Age: If you want to work as a DSA channel partner for home loans anywhere in India, you must be above 18 years of age. Must be an Indian Citizen: You must be an Indian citizen to work as a DSA channel partner anywhere in the country. No Professional Qualification Required: You do not need any professional degree or diploma to work as a DSA agent. However, you must possess at least an intermediate knowledge of your loan facilitator’s products and go through some of their on-job training modules to succeed as a DSA agent. High Credit Score: Although not mandated for every lending institution, it is best to have an excellent CIBIL score and credit history for working as a DSA agent. A Pool of Significant Clientele: If you have worked in finance before and have a significant pool of clientele like tax advisors and chartered accountants, you will find it easier to adapt to the legal jargon and pitch your products. Open to Both Salaried and Non-Salaried Individuals: Any salaried or non-salaried person can apply for the role of a DSA channel partner. ● ● ● ● ● ● Documents Required to Apply for DSA Loan Partner Program Proof of Identity: PAN card or Aadhar Card or Voter ID Proof of Address: Utility bills or passport or driving license Income Tax Details: Form 16 or Income Tax returns details Registration Form: Lending institution’s o?cial registration form Bank Details: Your most recent 3 months' bank transaction details ● ● ● ● ●