DSA Partner

A DSA Partner is a professional financial advisor providing various services to their clients. Once registered with a DSA, they can also advise and provide loan services to their clientele. For a client, it provides an additional support in terms of various financial services, like Tax Planning, Investment advisory and others. In terms of overall outreach, a DSA partner can earn a decent some of money by registering with a DSA and refer credit products to both the retail and business loan requirements of their customers.

For a customer who is already in touch with a financial advisor registered as a DSA agent, the partner becomes the first point of contact for the borrowers to understand a loan product as per their needs and then handles the end-to-end process of applying for and getting their loan approved from the bank. A DSA partner generally works in their own capacity and reaches out to various customers who are in need or are looking for a viable advice.

The main job of a loan DSA Partner is to create a link between a registered DSA and their existing client base that are looking for a loan. They are also the agents who are there to help these individuals arrange funds from a wide range of lenders and act as a bridge between both the parties throughout the process. Also, they bear an additional responsibility of handling the documents, verification and submission. For a borrower, the DSA partner serves as a single resource for all administrative formalities regarding their loan application.

1.  Enhance your clientele with our DSA Partner Program

If you are looking to increase your client base by providing loan related solutions to refer, this is the right place for you.

2. Connect with PAN India Lenders

Our Partners have a direct access to get in touch with most reputed PAN India lenders, including major Nationalized & Private banks.

3. Get on-work training from Industry experts

At Andromeda, our Partners can make use of the tips shared by the experienced experts from the lending Industry.

4. No investment required, earn maximum commissions

Right from the start of the Partner registration program and getting your DSA channel Partner code and until the training, we do not charge a single penny.

5. Support and training from India’s largest loan distributor

We believe in ‘Growing by Learning’, our experts have prepared various On-Job training modules to provide inputs throughout the year for our partners to have an edge over others.

A DSA partner collaborates with loan distributors and acts as a mediator between the client and the loan giver or the bank. In exchange for providing clients and looking over the loan application process, the DSA channel partner is offered a commission. 

Loan DSA Partner Registration Eligibility Criteria

• Must be an Indian Citizen: Finance professionals, who want to work as a DSA partner at Andromeda Loans must be a citizen of India. 

• • Must be Above 18 Years of Age: If you want to work as a DSA agent in India, you must be over 18 years of age. 

• Must have Significant Clientele: Having a significant number of clients like tax advisors and chartered accountants enables you to apply to be a DSA partner anywhere in the country.

• No Professional Qualifications: If you are a finance professional, you do not need any professional qualifications to be a DSA partner at Andromeda Loans. 

• Proof of identity like PAN card, Aadhar Card, Voter ID, etc.
• Proof of address like a utility bill, passport, driving license, etc.
• Form 16 or Income Tax Returns details
• Your most recent 3 months' bank transaction details
• Andromeda Loans registration details 

Roles and Responsibilities of a DSA Channel Partner at Andromeda Loans

As customers may not be familiar with the process, they seek out an agent to facilitate the process of applying for and availing of a loan. However, a DSA channel partner also carries out other roles and responsibilities such as:

• Simplify the Loan Application Process: The most important role of a DSA agent is to simplify the technical obligations of applying for a loan and streamline the process for the client. 

• Identify Client Prospects: It is the duty of an agent to explore loan products and choose the best possible option for the client, depending on their financial goals and credit scores. 

• Verify Leads: It is the job of an  agent to conduct preliminary checks of both the applicant and the loan product. A DSA channel partner looks through the loan product, verifies its credibility, and then sanctions the loan to the client.

• Look Over the Entire Loan Application Process: From verifying the pre-qualification documents to ensuring that the lender accepts the application to issuing a sanction letter for the same, a DSA channel partner looks over the entire loan application process for the client. 

• An Extra Income Source: If you are working in the finance industry and already have an existing pool of clients in tax services and accountancy, you can maximize your income by working as a DSA channel partner. You will earn a commission from referring clients and ensuring that their loan application process is streamlined smoothly. 

• Minimum Investment: You do not have to make hefty investments or get into shady wagers to strike a deal with the client. Your role as a DSA agent is just to help your clients find their best possible loan option and ensure that it is sanctioned smoothly. 

• No Professional Qualifications Required: There is no meritocratic gatekeeping to enter the DSA industry. You do not need any professional qualifications to begin working as a DSA channel partner. 

• Covers Training Costs: Your loan distributors, like Andromeda Loans, have several on-job training modules to help you gain your clientele’s trust and learn of the most recent loan schemes and products. 
• Flexible Working Hours: As an agent, your job is to mediate between the clients and the loan distributors. You do not have to clock in at a specific hour. You just have to ensure that the loan sanction process is completed on time. 

Why Consumers Choose to Apply for Loans through a DSA Agent

You may be wondering why would consumers choose an agent to help them through Loan DSA partner registration processes. The answer is fairly simple. 

• Sort Through the Legal Jargon: A DSA channel partner simplifies the legal technicalities to ensure that you understand what the loan product entails. 

• Provides Quick Solutions: If you feel stuck during the loan application and sanction process, your agent is just a call away. To ensure a hassle-free experience, most customers prefer working with an agent to sanction loans. 

• Helps to Choose the Best Possible Option: Your agent has your best interests at heart, hence they help to sort through the clutter of various loan products available in the market to choose the best one for you.