Have you ever been in a position where you procure loans from the bank through an intermediary person? Many people consider these agents a scam, although they are the real helping hands whichprevent you from standing in the long queue of the bank. They are known as Direct Selling Agents (DSA). Their job is to represent themselves as the banking agents and catch sight of potential customers for selling loans and other offerings.

With the effort these DSA put into directing the customers to the banks, they get a payment. The percentage amount depends on the loan amount and loan type the customer has taken. These days, most individuals take this job position as an additional earning method. Dive into the article to know in detail about the DSA agents.

Why Choosing the DSA Position is Advantageous?

DSA or Direct Selling Agents are associated with non-banking financial companies or banking institutions to bring in potential borrowers. All of the applicants' administrative paperwork and loan proceedings are managed by the concerned DSA partner.

These agents are just the banks' representatives, not the recruited employees. Once their loan application gets sanctioned, they get a certain percentage of commission on it. It is vital to get the DSA registration before beginning work.

If you are susceptive to becoming a DSA partner, here are some valid reasons to motivate you to be a DSA loan agent.

·         If you are not interested in pursuing higher education but have a knack for the financial industry, you can earn well as a DSA loan agent.

·         If anyone wants to earn extra money in their spare time, they can work as a DSA loan agent.

·         You have the flexibility to earn a hefty amount depending on your referral code. The bigger your referral loan, the greater your chance of getting a bigger commission. A DSA partner usually can get a 1% to 1.5% amount as the commission of the sanctioned loan.

·         Since educational qualification is not mandatory, any adult can become a DSA. The applicant only should possess extensive knowledge of the loan procedures. The DSA needs to be eloquent and a great communication skill that helps in getting maximum clients.

·         Working as a DSA agent helps you run your line of work without much risk.

·         You don't have to worry about the training and development program since your concerned NBFC will take the authority to provide you with the required training program to work as a DSA.

What are the Functions a DSA Must Perform?

Acquiring potential leads is not the sole responsibility of DSA. He/she is responsible for doing the following tasks:

·         Gets hold of filled loan application form along with the essential documents from the client 

·         Do preliminary checking of the documents as well as the loan application form

·         Verify whether the submitted documents are genuine or not

·         Upload and submit the form and applications, so revert the DSA code to the client. This code allows the client to trace the application.

Is DSA aGood Career Decision?

If you are confident enough to acquire potential leads to the bank under your referral code, you can benefit from the commission earned from your applicant's loan amount. Utilize your skill in acquiring the maximum number of clients to get monthly payments.