A person who acts on behalf of another person or group may be known as an agent. Legal terminology defines an agent as a person or entity authorized to act on behalf of another person or entity. This person or entity represents the client in negotiations and other dealings with third parties.
An individual or an entity who works as a loan referral agent for any bank, NBFC, or lending institution comes to be known as a Loan Agent. Such an agent identifies, and finds potential patrons for the bank, NBFC, or lending institution, he or she represents. A DSA loan agent therefore finds potential clientele who are looking for loans. In order to complete this assignment, the DSA loan agent then forwards the potential leads to the institution for processing of the loan.
For this activity of finding, identifying and categorizing a potential applicant for a loan and referring the potential applicant to the borrower for the purpose of processing and disbursing the loan, the loan intermediary receives an agreed percentage of the loan amount from the principal or creditor.
Ruloans Agent
Ruloans trains and equips individuals to act as professional loan agents who generate loan leads. As a pioneer in the lending industry for the past two decades, Ruloans has carved a niche for itself with the mantra — “helping customers borrow right”! How a Ruloans agent sees, identifies, classifies and advises you on a future potential customer looking for a loan or credit, which can be of the following types.
- Personal Loan
- Home Loan
- Loan against Property
- Business Loan
- New Car Loan
- Used Car Loan
- Gold Loan
- Credit Cards and more
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