Business Loans
Feel free to get in touch
about Business Loans
Overview
Nearly 3 million Indians from all over the country, and all walks of life, trust Finway Capital as their partner to fulfil a host of needs.
DSA Loan Agent
DSA stands for Direct Selling Agent, and a DSA loan agent is a professional who helps banks and financial institutions to sell loans to potential borrowers. The agent acts as an intermediary between the bank and the borrower, and earns a commission for every successful loan disbursal.
The primary responsibilities of a DSA loan agent include:
- Identifying potential borrowers who need loans.
- Explaining the loan products and terms to the borrowers.
- Collecting the necessary documents from the borrowers.
- Submitting the loan application to the bank or financial institution.
- Coordinating with the bank and the borrower to complete the loan disbursal process.
To become a DSA loan agent, one must have a thorough understanding of the loan products offered by banks and financial institutions. They must also have excellent communication and interpersonal skills to effectively engage with potential borrowers.
It's important to note that DSA loan agents must adhere to the regulations and guidelines set by the Reserve Bank of India (RBI) and the banks or financial institutions they work with.
Documents required for DSA Registration
Given below is the list of documents you will have to submit for DSA Registration:
- Proof of identity such as PAN, Aadhaar, passport, voter id, etc.
- Proof of address such as utility bill, Aadhaar, passport, etc.
- Details of your bank transactions for the last three months.
- Form 16 or Income Tax Returns details.
- Education qualification certificates from both school and college.
- Firm’s registration details if you are applying to an institution.
- GSTIN details only if applicable.
- Two passport size photographs of yours.
Eligibility criteria
- You can be a salaried or a non-salaried individual.
- You must be a citizen of India.
- You do not need any degree in finance or banking.
- You must be aged 18 years and above.
- You must have a thorough knowledge of the products you will be selling.
- Your credit score or CIBIL score must be high.
Join FInway as a Partner
Finway FSC has its active Agent App called "FLAP", an acronym for Finway Loan Assist for Partners on iOS and Android platforms. The aim behind launching this app is to consolidate the market, encourage common man to be an entrepreneur and to give loan seekers the best solutions in real time in a transparent manner. Using this app, the Finway agents can virtually process business loans, personal loans, education loans, home loans and loan against property and even track their earnings in real time. All in all, FLAP's commission structure is totally a win-win strategy for customers, agents, and for financial institutions.
Advantages of Being a DSA with Finway
- You can earn additional income. The amount you earn will vary from lead to lead.
- You can run your business with minimum cost with very little risk.
- Flexible working hours.
- Higher education is not a requirement.
- Your training is generally provided by the bank or the NBFC.
