Corporate DSA in India (direct selling agent), or DSA, is a business model in which a person or organisation acts as a middleman to assist banks and other financial institutions in selling financial products and services. In India, particularly in the competitive financial industry, the role of a Corporate DSA is critical in bridging the gap between financial institutions and prospective clients.
List of Corporate DSA in India
| Aadifidelis | PAN Country |
| Andromeda | PAN Country |
| Real Money Advisory | PAN Country |
| Starpowerz | PAN Country |
| RKPL | PAN Country |
| DOL | PAN Country |
| Ruloans | PAN Country |
| R.K.Raman | Kolkata |
| Kousalya Associates | Coimbatore |
Who is a DSA?
An effective conduit for communication between non-banking financial corporations (NBFCs) and financial institutions such as banks is a direct selling agent (DSA). The following are the principal responsibilities assigned to DSAs:
- Closing Deals: Assist lenders and borrowers in completing transactions.
- Ensuring Documentation: ensuring that all required documentation is available and accurate.
- Identifying Potential Customers: looking for and making contact with those in need of financial services.
- Guiding Borrowers: Inform clients about the benefits of extracurricular activities and loan application procedures.
What Kind of Training Is Required to Become a DSA?
- Customer Rapport: establishing reliability and trust with possible borrowers.
- Communication Skills: Improving communication to achieve outstanding sales results.
- Loan Types: thorough knowledge of the various loan options, terms, interest rates, qualifying requirements, and repayment schedules.
- Customer Service: building relationships with customers and refining problem-solving techniques.
- Regulations Knowledge: To hone technical skills, and familiarise yourself with RBI regulations and other financial institution policies.
Required Documents For Registration
- Pan Card
- Aadhar Card
- Email Address
- Phone Number
- Signed Agreement
- Your Business Name
- Cancel Cheque ( For Receiving Payout )
Free Partner Plan
- Eligibility Criteria: Anyone who is Indian and is at least eighteen (18) years old and has at least one year of experience in the financial industry, or who is starting a DSA business.
- Benefits of Free Partner Plan:
- Payout Slabs: Product good payout slab
- Digital Payout: digital processing of payouts is available in DOL CRM.
- Pan India Business: Lead processing available in the other Pan India locations digitally
- Digital Application Process: Enabled digital journey to Privilege partners & their network.
- Lead Management System: Basic features available for Partners with a self-service model.
- Stage/Substage-wise Report: The privilege partner will get leads stage-wise & substage-wise reports.
Paid Partner Plan
- Eligibility Criteria: Any Indian who is at least eighteen years old and up to sixty-five years old, with at least two years of experience in the financial industry, an office setup with three or more employees, a website or other online presence, or a network
- Benefits to Paid Partner Franchise: Partners in Deals of loan Paid Plan For all currently active loan DSAs throughout India, Deals of loan has introduced a new exclusive Privilege Partnership Franchise Plan. This model offers limited partners the chance to earn exclusive income, and Deals of loan has introduced a unique business opportunity for thousands of partners to receive from Deals of loan in their registered locations.
Know the Process of Becoming a Loan DSA
- Market Research: Understanding the loan market and locating finance companies that offer loans require research as a first step. Acquiring knowledge about various loan kinds, interest rates, qualifying requirements, paperwork needs, loan processes, etc. is imperative at the same time.
- Selection: One needs to choose a financial institution with alluring loan offers to draw in customers. Go to the lender’s website or get in touch with their loan department for more details.
- Registration: Once a finance provider has been chosen, the person needs to register with the company as a loan DSA. This necessitates providing personal and professional information on a form.
- Training: The lending institution may train their DSAs to make them understand the available loan products. To become a loan DSA, one must finish the training course.
- Customer Service: A thriving DSA prioritises giving its customers outstanding customer service. Monitor the loan’s progress to make sure it goes smoothly and offer support for any questions or problems that may come up.
Conclusion
Corporate DSA in India, corporate DSAs play a vital role in facilitating communication between financial institutions and prospective clients. They are responsible for finalising transactions, making sure all documentation is complete, and offering borrowers counselling. By putting a strong emphasis on effective communication, customer service, and regulatory knowledge, DSAs significantly benefit the industry and improve the efficiency of financial transactions.