There is a process you must go through to become a direct sales agent. You can't just get up and start selling bank loans. To get started, you need to create an account. Different banks, non-bank financial institutions, and lending platforms have their own registration methods.
The following are some of the most common steps:
1) Go to the bank’s or NBFC’s official website and fill out an application.
2) The next step is to finish the payment.
3) Your bank or NBFC will contact you after you’ve done paying and submitted your application to review your papers for DSA partner registration.
4) The legal staff of the bank or NBFC will start the due process by looking over your documents, previous credit history, and credit score.
5) Once a bank or NBFC has reviewed all of your documentation and vital information and is satisfied with your application, they will send the DSA agreement.
6) The contract is signed and then turned in.
You become a Business Loan DSA partner for the bank or NBFC after acquiring the DSA loan agent code. You’ll need that code to upload the loan document. On loans received as a result of your code’s suggestion, you will be paid a commission. You may apply for a DSA loan agent on a variety of finance platforms to make the procedure even easier.
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