To become a Loan Agent in India, especially a Personal Loan DSA, is quite profitable and has numerous advantages, such as high flexibility, the opportunity to earn good money with high commissions, and the possibility to assist people in getting access to necessary funds.

This guide will walk you through the steps to become a loan DSA Agent in India, the benefits of the role, and the key requirements.

Role of a Loan Agent in India

A loan DSA basically works as a bridge between the banks and the people and helps those individuals who are in need of loans. The eligibility and need for Loan DSA Agents can be observed from the fact that India is a rapidly evolving economy, and every individual is in need of a loan to invest in a business or for personal needs, Personal Loan in India help borrowers navigate the loan application process while providing them with the best fit loan products. The job opportunity that a Personal Loan Agent provides is relatively satisfying to those individuals who have a penchant for the financial sector and likewise servicing clients.

Step-by-Step Guide to Becoming a Personal Loan Agent in India Online with Ruloans

Step 1: Apply

Go to the Ruloans website and head, to the “Personal Loan DSA” section. Complete the Personal Loan DSA Registration form by providing your information and submitting it along with the documents. To join as a selling agent at Ruloans you need to;

  • Log in using your number
  • Upload soft copies of your PAN card Aadhaar card, passport or voter ID
  • Attach two passport sized photos
  • Provide GST registration for companies (if applicable)
  • Submit proof of employment (such as salary slips for employees account statements and address proof for business owners or invoices and financial statements if self employed)
  • Share your bank statement from the three months
  • Fill in all financial details in the “Become a Partner” registration form.

Step 2: Expect a Call

When you have made your application, the Ruloans support team will contact you. They will take you to the next process and arrange an appointment with you to go for further discussion of the application.

Step 3: Meet

In this particular meeting, a Ruloans Manager will provide you with all the details you require to be getting leads. This step is very crucial and important to keenly understand the personal loan agent process.

Step 4: Sign the DSA Agent Agreement

Last but not the least, you will also have to accept all the terms written there and then you will be redirected to the ‘Personal Loan DSA Agent Agreement’. The advantage of affiliating with Ruloans Personal Loan DSA Partner is that you work and start earning commissions as soon as you register.

Step 5: DSA Agent Code

After you sign the contract you’ll be given an Agent code, for the Personal Loan DSA. This code is used to monitor loan requests and payouts. Once the agreement is signed and sealed you become an authorized Ruloans Personal Loan DSA Agent overseeing a Loan DSA Franchise.

Eligibility Criteria for Becoming a Personal Loan DSA Agent

To become a Personal Loan DSA Agent with Ruloans, you must meet the following criteria:

  • Age: You must be over 25 years of age.
  • Nationality: You must be a Resident Citizen of India.
  • Educational Qualifications: There are no educational requirements to qualify as a Ruloans Personal Loan Agent.
  • Professional Qualifications: Whether you are a working professional or a business owner, you are welcome to register as a Personal Loan Agent in India.

Documents Required to Register as a Personal Loan DSA Agent Online

To register as a Personal Loan Agent Online with Ruloans, you will need:

  • Soft copies of your PAN card, Aadhaar, passport, or voter ID
  • Two passport-size photographs
  • GST registration for companies (if applicable)
  • Proof of employment (salary slips if employed, account statements and address proof if running a business, or invoices and financial statements if self-employed)
  • Your bank statement for the last 3 months
  • The “Become a Partner” registration form filled out with all your personal and financial details

Final Words!

While working as a Personal Loan Agent in India with Ruloans on its Independent Agent model, clients receive on-time commissions (payouts) depending on the loan amount. This is because Ruloans is currently India’s biggest loan provider firm with more than 25000 distributor partners and it is much simpler to register for becoming a Personal Loan Agent with Ruloans for reaching your financial goals.

Ruloans would ensure it offers the best support and facilities to all its DSA agents. To learn more about Ruloans, you can visit the website, or download the Ruconnect App, which is the 1st B2B Loan Distribution Channel Partner App in India and get your DSA registration started now.