Loan DSA Franchise- Business Opportunity for CAs

1. Loan DSA Franchise- Business Opportunity for CAs A loan DSA franchisor works as a referral agent to sell or distribute loan products in the name of the brand or franchisee. They assist in the loan application and sanction processes and charge a fee in exchange for their services. If you have some background in finance, have experience as a chartered accountant or tax advisor, or are confident in your negotiation and selling skills, you may want to work as a loan DSA agent. Future of the DSA Industry Since the last decade, with continuous technological advancements, most businesses have shifted online. The working class between 25 to 30 years of age in both metropolitan cities and outskirts are willing to learn about finances. Unlike the previous generation, they are willing to take risks and invest in innovative loan schemes to grow their money. Most o?ce goers own credit cards and are learning to manage debt. The DSA franchisee is booming and will continue to do so, as personalized assistance is all the rage now. Small to mid-range business owners and individuals applying for personal loans are reaching out to loan DSA franchisors to make more informed decisions. A loan DSA agent breaks down the legal jargon and also gives advice to their clients regarding which loan product would be best suited to their needs, considering their income and other assets. Since DSA franchisors are an extension of the organization, clients can reach out to them independently and set up meetings outside the o?ce at their convenience. People are more likely to fill up a three-step form than visit the physical branch of an institution. A DSA agent handles a few clients at one time, so they can dedicate more attention to every customer. Why do Loan Facilitators Hire DSAs? Verifies Leads: The primary responsibility of a loan DSA channel partner is to find more and more individuals interested in applying for personal loans through a DSA. They also run background checks and verify submitted documents and identity proofs. Takes on the Documentation Tasks: A loan DSA franchisor looks after the entire loan application and sanction process and maintains records for both parties. They go through the submitted documents and ensure that everything is in place to streamline the process. Monitors Customer Queries: Clients prefer working with loan DSA agents as they o?er a personalized assistance during the application process. They listen to the client’s needs, evaluate their income and other assets, and suggest the best possible product to them. Throughout the sanction process, DSA agents are available for clients to resolve every possible query. ● ● ●

2. Maintain a Clear Channel of Communication: A DSA agent communicates the client’s requirements to the loan facilitator but also ensures that both parties benefit from the suggested loan product. Spread Awareness about Loan Schemes: Since DSA franchisors are viewed as trusted sources and are often in close contact with their clients, they can share valuable input on what the clients are looking for. The DSA franchisee uses DSA agents as a channel to spread the word about existing and upcoming loan schemes. ● ● Benefits of Working as a Loan DSA Franchisor Unlimited Income Potential: As a DSA franchisor, you can sell as many loan products as you can, and you will receive a cut from each of them. There is no limit to your monthly earnings as a DSA agent. Flexible Working Hours: A DSA franchisor can set up meetings with their clients at any hour of the day. They do not have fixed working hours, or any need to report to the physical branch of their franchisee every day. No Hefty Investment Required: You do not have to invest in any professional degree to begin working as a DSA agent. However, you must attend the on-job training modules provided by loan franchisees like Andromeda Loans to learn the tricks of the trade. Low-Risk Venture: Since you won’t need to invest in any course or pay any fee to begin working as a franchisor, it could be said that there are fairly low risks in the DSA industry. ● ● ● ● Eligibility Criteria to Work as a Loan DSA Franchisor If you are above 18 years of age and an Indian citizen, you can apply to work as a loan DSA franchisor. Most DSA franchisees or lending qualifications. If you have a pool of significant clientele like financial advisors and chartered accountants and possess an excellent credit history, you can begin pitching to clients. institutions do not need professional Documents Required to Work in the Loan DSA Franchisee Identity Proof: Aadhar card or Voter ID or PAN card Address Proof: Utility bills or driving license Loan Facilitator’s Registration registration form Income Tax Documents: Form 16 and other income tax details Bank Statements: Your last 3 months’ bank transaction details ● ● ● Form: Andromeda Loans ‘Partner Program’ ● ●