If you’re looking to become a Loan DSA (Direct Selling Agent) in India and work with top banks and NBFCs, understanding the DSA documents required for registration is the first and most important step. A complete documentation process ensures a smooth onboarding experience and faster approval, helping you start earning attractive commissions on every loan you source.

In this blog, we’ll cover the essential DSA documents required for DSA registration, explain the bank DSA eligibility criteria, and guide you on how NBFC DSA registration online can be completed easily with Ruloans — India’s leading loan distribution company.

Who Can Become a Loan DSA?

Anyone — whether an individual, financial advisor, C.A., Loan Agent, Ex-Banker, Mutual Fund or Insurance Agent, or business owner — can apply for DSA registration with banks and NBFCs. You don’t need to be from a finance background; all you need is basic financial knowledge, communication skills, and the required DSA documents to begin your DSA journey.

When it comes to bank DSA eligibility, most banks and NBFCs require applicants to:

  • Citizenship: Be an Indian citizen
  • Age: Minimum 25 years & Above
  • Education: No formal qualifications required; Ruloans provides training
  • CIBIL Score: Not mandatory, but a good score enhances credibility
  • Language Skills: Knowledge of regional languages is advantageous

Whether you’re partnering with a private bank or opting for NBFC DSA registration online, meeting these bank DSA eligibility criteria and submitting the right documents is crucial for approval.

Documents Required for DSA Registration

When applying for DSA registration with a bank or NBFC, you’ll need to submit the following DSA documents for verification and compliance purposes:

  1. Identity Proof

  • PAN Card
  • Aadhaar Card
  • Passport

This helps verify your identity and ensures compliance with KYC norms.

  1. Address Proof

  • Aadhaar Card
  • Passport
  • Voter ID
  • Latest Utility Bills (Electricity, Telephone, or Gas Bill)

These documents confirm your current residential address and are mandatory for verification.

  1. Educational Certificates

Proof of the highest educational qualification

While a specific degree isn’t required, banks and NBFCs often prefer basic education proof to validate your credentials.

  1. Proof of Income

Last 3 months’ salary slips (if employed)

This helps financial institutions assess your financial stability before approving your DSA registration.

  1. Bank Statements

Last 6 months’ bank statements

These provide insight into your financial transactions and credibility as a loan partner.

  1. Income Tax Returns (ITR) or Form 16

Submitting your latest ITR or Form 16 helps banks verify your income details and tax compliance history.

  1. Passport-Size Photographs

2 recent photographs

These are required for your DSA profile and registration documentation.

Step-by-Step DSA Registration Process with Banks & NBFCs

Here’s a simple process to become a Loan DSA with Banks and NBFCs:

  • Step 1: Choose a Reliable Loan Distributor

Partner with a trusted organization like Ruloans, India’s leading loan distributor with 275+ partnerships with private/PSU banks, NBFCs, and financial companies.

  • Step 2: Submit Required Documents

Upload the above-mentioned documents through the secure Ruconnect App or web portal for easy verification.

  • Step 3: KYC Verification

The bank or NBFC will verify your identity and address as part of their KYC compliance.

  • Step 4: Sign the DSA Agreement

Once verified, you’ll be required to sign a formal agreement defining your role, responsibilities, and commission structure.

  • Step 5: Get Your DSA Code

After successful registration, you’ll receive a unique DSA code, allowing you to start sourcing loan applications.

  • Step 6: Start Earning Commissions

Begin referring customers for various loan products and earn attractive on-time payouts based on the loan amount disbursed.

Final Words!

Becoming a Loan DSA with banks and NBFCs is a smart way to build a steady and scalable income stream in India’s financial sector. By preparing all the necessary DSA documents and fulfilling bank DSA eligibility criteria, you can ensure a smooth DSA registration experience.

Partnering with a trusted company like Ruloans gives you an added advantage with its seamless NBFC DSA registration online process via the Ruconnect App. So, if you’re ready to start your DSA journey, register with Ruloans today and turn every lead into an income opportunity!

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