DSA Loan Agent 2025

The DSA doesn't just get potential leads. Here are other things that DSA agents do:

1. Procure the completed loan application from their leads along with required documents.
2. Conduct a preliminary check of both the application and the documents.
3. Ensure that the documents provided are genuine.
4. Upload or submit these documents and the application form and provide their DSA code so the application can be traced back to them.

Eligibility Criteria for DSA Loan Agent

The eligibility criteria that must be met to become a DSA are mentioned below:

1. You can be a salaried or a non-salaried individual.
2. You must be a citizen of India.
3. You do not need any degree in finance or banking.
4. You must be aged 18 years and above.
5. You must have a thorough knowledge of the products you will be selling.
6. Your credit score or CIBIL score must be high.

Advantages of Being a DSA Loan Agent or a Business Correspondent

Some of the advantages of being a DSA are mentioned below:

1. You can earn additional income. The amount you earn will vary from lead to lead.
2. You can run your business with minimum cost with very little risk.
3. Flexible working hours.
4. Higher education is not a requirement.
5. Your training is generally provided by the bank or the NBFC.

DSA Registration Process

1. Apply to bank/NBFC/lending platform

1. Pay registration fee

1. Submit Documents when contacted

1. Background Check (CIBIL score, verification)

1. Sign Agreement with stamp duty

1. Get DSA Code

1. Start Uploading loan applications

Documents required for DSA Loan Registration

Given below is the list of documents you will have to submit for DSA Registration:

1. Proof of identity such as PAN, Aadhaar, passport, voter id, etc.
2. Proof of address such as utility bill, Aadhaar, passport, etc.
3. Details of your bank transactions for the last three months.
4. Form 16 or Income Tax Returns details.
5. Education qualification certificates from both school and college.
6. Firm's registration details if you are applying to an institution.
7. GSTIN details only if applicable.
8. Two passport size photographs of yours.

Benefits for Consumers Applying for a Loan via a DSA Loan Agent

The benefits of opting for a loan via a DSA are mentioned below:

1. Any concerns you have can be easily and quickly addresses by the agent.
2. You have a wide variety of options to choose from when it comes to the loan product you are looking for.
3. The DSA is available if you require any after-sales service.

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