DSA stands for Direct Selling Agent. A DSA partner or agent is considered a professional who works as a bridge between a bank and a customer. The basic role of a DSA is to find a client on behalf of the bank they represent. If you are looking forward to getting a loan, consulting with a DSA would surely be beneficial and an advantage you must know about.
Upon providing the necessary service to a customer, the DSA agent is supposed to get a certain percentage of the loan amount as compensation. Not to mention, the professional also gets their share of compensation from the bank as they are representing the bank.
Roles and Responsibilities of a DSA
They certainly have plenty of roles and responsibilities you must know about before hiring such a professional.
- First of all, they procure a loan application from the bank for the customer.
- They also explore the information regarding required documents.
- Moreover, they conduct preliminary checks on required documents and applications.
- They ensure that all the required documents provided by the customer are genuine.
- They even submit and upload these documents and the application form online when needed.
The Benefits of Working as a DSA
Working as a professional DSA is quite effective and beneficial for various reasons and purposes. So before you even proceed to become such a professional, you must know a few of the benefits.
First, one can earn a lot of commission from their customers. The commission depends on the total loan amount and other aspects. In most cases, the commission is decided as a specific percentage of the total loan amount, be it home loans or any other loan.
On the other hand, one can have flexible working hours as a DSA. You can do so if you wish to work only during weekends or on holidays. Flexible working hours are considered to be one of the best reasons as to a lot many people decide to go for this profession.
Moreover, as compared to other professions, this does not require higher education as eligibility. You just need to have a basic education to be able to read and write. Not to mention, having a basic level of smartness and intelligence is essential for this profession as you will need to deal with people.
DSA Registration Process
The DSA registration process is regarded as fast, useful and beneficial. You must first check out the bank’s official website from which you wish to work as a DSA. Upon checking their website, you will learn about their DSA registration process.
Everything is online now. So you are just supposed to fill up the application form. During this process, you must provide your personal information to authenticate yourself. You need to provide genuine and correct information. Do not provide wrong information deliberately.
So you can understand from the above discussion that working as a DSA professional is useful and effective. It would be better for you to explore various aspects of a DSA before applying for this job.