A loan agent is a person who works personally to find potential customers who need a loan. There are many loans available in the market, including personal loans, business loans, home loans, mortgage loans, car loans, gold loans and more. Loan agents will research and help people get the loans they want. To do this, they receive a fixed fee from the bank, which can be referred to as a "payout."
How do the loan agents approach a Bank in Mumbai?
Loan DSA in Mumbai generally will be combined with a Bank/ NBFC under their chapter mate program. Hence they would work on getting loan leads in favor of that specific Bank.
What is a loan partner program?
The loan partner program is where the loan dsa works and generates leads. These leads can require any type of loan. The agent is responsible for managing all their information and preparing their forms. After completing the application, the form must be submitted to the bank. The bank will then complete the loan process and pay out the loan amount to the customer. Lenders receive a fixed fee for this operation.
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