DSA's job is to find potential customers for the bank they represent. For this purpose, DSAs are looking for people who are looking for a loan. These leads are then routed to the appropriate bank or NBFC and the loan process continues.
It goes without saying that there is a process to follow when it comes to becoming a direct sales representative. One cannot wake up and start selling loans from the bank. You must register first. Different banks, NBFCs and lending platforms have their own registration process. Below are the step for loan DSA Partner Registration.
- Visit and Submit your application to the bank, NBFC, or lending platform.
- Make the necessary payment.
- Once the payment has been made, you will be contacted by the bank, NBFC, or lending platform and will be asked to furnish certain documents.
- Post this, your documents will be verified, a legal team will start a due diligence process, and your CIBIL score and credit history will be checked.
- If there are no problems with the background check, a DSA registration agreement with the right stamp duty will be sent to you.
- Fill in the required details, sign the agreement, and submit it.
- The DSA code will be issued to you.
- Once you receive the code you can start uploading loan documents.
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