Are you looking to start your journey as an MSME Loan Agent in India? With the rising demand for MSME loans among small and medium-sized businesses, becoming an MSME Loan Agent can be a highly rewarding career option. As India’s Leading Loan Distribution Company, Ruloans offers a simple and seamless MSME loan registration process, helping you earn attractive commissions while supporting entrepreneurs in accessing the right business loan for MSME growth.
In this blog, we will explain step by step how to become an MSME Loan Agent, the eligibility criteria, required documents, and the benefits of partnering with Ruloans.
Who is an MSME Loan Agent?
An MSME Loan Agent (also known as an MSME DSA) acts as a bridge between small business owners and financial institutions. Your role as an MSME Loan Agent is to connect potential borrowers with banks or NBFCs that offer MSME business loans and assist them throughout the application process.
When you complete your loan agent registration with Ruloans, you gain access to a vast network of 275+ lending partners, making it easier to match customers with the right MSME loan product and fulfill their financial needs.
Step-by-Step Guide to Becoming an MSME Loan Agent in India
Here’s how you can start your journey as an MSME Loan Agent:
Step 1: Choose a Trusted Loan Distribution Partner
Partnering with a reputed company like Ruloans ensures access to 275+ top banks, PSU banks, and NBFCs, giving you multiple options for business loans for MSME customers.
Step 2: Visit Ruloans Website or Download the Ruconnect App
You can start your MSME Loan Agent registration in two ways:
Option 1: Via Ruloans Website
- Visit www.ruloans.com
- Click on the “Become a Partner” button on the homepage
- Fill in your basic details to start the loan agent registration process
Option 2: Via Ruconnect App
Download the Ruconnect App from Google Play Store
The Ruconnect App allows you to:
- Complete your MSME loan agent registration digitally
- Submit MSME business loan leads
- Track applications in real-time
- Claim payouts online
- Check free CIBIL scores for your customers
Step 2: Enter Your Basic Details
Once you access the platform, you will need to provide:
- Full Name
- Mobile Number (OTP verification required)
- Email ID
- City & State of Residence
- Referral Code (if applicable)
Click Submit to proceed.
Step 3: Upload KYC Documents
To complete your MSME Loan Agent Registration, you will need to upload:
- Identity Proof: PAN Card, Aadhaar Card, or Passport
- Address Proof: Aadhaar Card, Voter ID, Utility Bill, or Passport
- Educational Certificate: Highest qualification proof
- Proof of Income: 6 months salary slips (if employed) or ITR/Form 16
- Bank Statements: Last 6 months
- Photographs: Two passport-sized photos
Step 4: Ruloans Verification Process
- Ruloans will verify your application and documents.
- Once approved, you will receive your unique MSME Loan Agent Code/ID.
- This ID allows you to log in and start sourcing MSME loan leads for your customers.
Step 5: Get Product Training
Ruloans offers free product training and guidance to help you get started:
- Learn about MSME loan eligibility and documentation
- Understand how to login cases through the Ruconnect App
- Get clarity on commission structures and payouts
Step 6: Start Sourcing MSME Loan Leads
Once your MSME loan registration is complete, start reaching out to small business owners and submit their applications for business loans for MSME digitally through the Ruconnect App.
Step 7: Track and Earn On-Time Payouts
The Ruconnect App allows you to:
- Track every MSME business loan lead in real time
- Monitor your commissions
- Receive on-time payouts directly into your bank account
Eligibility Criteria to Become an MSME Loan Agent
You don’t need prior banking or finance experience to become an MSME Loan Agent. Anyone willing to learn can complete their loan agent registration and start earning. The basic eligibility criteria include:
- Must be 25 years & above
- Must be an Indian citizen
- Basic knowledge of MSME loans and financial products (training is provided by Ruloans)
- Good communication and networking skills
- Can be a working professional, business owner, freelancer, CA, ex-banker, or insurance agent
Benefits of Becoming a MEME Loan Agent with Ruloans
- Access to 275+ Banks and NBFCs – Offer your customers multiple MSME loan options.
- Attractive On-Time Payouts – Earn commissions based on every successful loan disbursal.
- Ruconnect App Registration – India’s first B2B Loan Distribution Channel Partner App for a seamless registration process.
- Training & Support – Get product training, marketing materials, and dedicated relationship managers.
- Flexibility & Unlimited Earning Potential – Work full-time or part-time and grow your income at your own pace.
Final Words!
Becoming an MSME Loan Agent is one of the most rewarding ways to start a business with low investment. With Ruloans, you get a seamless MSME loan registration process, access to top lenders for business loans for MSME, and on-time payouts for every successful disbursal.
🚀 Start your journey today!
Download the Ruconnect App from Google Play Store or visit www.ruloans.com to complete your loan agent registration and unlock unlimited earning opportunities with Ruloans.
