Partner with Red Fort Capital
NBFC DSA Registration (Loan Agent)
A Direct Selling Agent (DSA) holds a pivotal position within the financial sector, serving as a vital link between borrowers in search of financial solutions and financial institutions like Red Fort Capital. These skilled professionals play a central role in simplifying the loan application process, providing expert guidance, and connecting clients with the most suitable loan products. DSAs are instrumental in enhancing accessibility to financial services, delivering customized solutions, and optimizing efficiency.
What is the role of DSA?
NBFCs and DSAs have their interests aligned in empowering individuals and businesses to meet their financial needs. They add value in the following way.
Bridge gaps between Borrowers and Lenders
The most important role of a DSA is to connect the right borrowers to the right lenders. They also have extensive knowledge about various loan products available and guide the borrowers in choosing the right product.
Process optimizers
DSAs make the loan application process more convenient for borrowers. They understand the lender's requirement for underwriting the loans and provide the relevant data. This ensures the loans are disbursed quickly.
Financial Literacy Enhancers
DSAs often serve as educators, enhancing borrowers' financial literacy. They explain the intricacies of loan terms, interest rates, and repayment options, helping clients make informed decisions about their financial future.
Market Insights Provider
DSAs are on the front lines of customer interactions. They gather valuable market insights and feedback, which can be instrumental for NBFCs in fine-tuning their products and services to better meet customer demands.
In essence, NBFC DSAs act as valuable intermediaries that facilitate financial inclusion, promote customer-centricity, and drive business growth for financial institutions. Their role in the financial sector adds immense value by ensuring that financial products and services reach those who need them most while fostering mutually beneficial relationships between borrowers and lenders.
How to apply for NBFC DSA registration online?
- Register online here by filling in your basic details, including your PAN and Aadhar numbers.
- Ensure your name is as per the Aadhar Card & the birth year is the same as registered with the Aadhar Card.
- Read the automatically generated NDA and sign it using Aadhar verification.
- Our team will verify your KYC and approve your application.
- Once approved, you will receive an email from our team.
- Update your profile with your Aadhar and PAN images at the top right corner.
- You can now upload loan applications online and start earning commission by helping small businesses get the loans they need.
Eligibility Criteria for Online NBFC DSA Registration
To embark on your journey as an NBFC Loan Agent with Red Fort Capital, you’ll need to meet specific eligibility criteria:
Legal Entity
We welcome individuals, partnership firms, limited liability partnerships (LLPs), and registered companies to register as NBFC DSAs with Red Fort Capital.
Age Criteria
Applicants must be at least 21 years old to apply for DSA registration.
Educational Qualifications
As part of our commitment to maintaining high standards, Red Fort Capital may conduct credibility and integrity checks on our DSAs.
Credibility Check
As part of our commitment to maintaining high standards, Red Fort Capital may conduct credibility and integrity checks on our DSAs.
Documents Required for NBFC Loan Agent Registration Online
- Proof of Identity: Aadhar Card or PAN card
- Address of Proof: Aadhar card, Electricity bill, etc
- Bank account Proof: Bank account statement of last 3 months, cancelled Cheque, etc
- NDA form: This is auto-generated; you need to read and verify this before signing.
Why Red Fort Capital Makes Sense as Your Partner?
At Red Fort Capital, we’re all about nurturing mutually rewarding partnerships with our DSAs. When you align with our platform, you become an integral part of a vibrant ecosystem that offers a host of benefits:
Online Registration Process
Our registration process is entirely online and user-friendly. It takes hardly 5 minutes for registration.
Competitive Commissions
We offer competitive commissions and incentives to our DSAs for every successful loan application they bring to Red Fort Capital. Your financial success is our top priority.
Customized Solutions
We believe each business is unique and we offer customized solutions that suit the specific needs of the customer which offers higher flexibility for you to bring more clients.
Low Overheads
Red Fort Capital requires minimal overhead. There's no need to establish a physical office, hire an extensive workforce, or invest in technology infrastructure.
Red Fort Capital extends a warm invitation to join our platform and embark on a fulfilling career as an NBFC DSA (Loan Agent). We’re committed to your financial success. As a member of the Red Fort Capital family, we expect you to operate with integrity, transparency, and unwavering dedication, unlocking a realm of opportunities in the NBFC domain. Join us today and propel your career and your clients’ businesses forward with Red Fort Capital.
As you bring in successful loan applications, Red Fort Capital ensures prompt commission payments, aligning with our mutually agreed terms.
FAQs
Is there any charge for registration as a NBFC DSA?/ Is DSA registration free?
We are committed to your growth & we don't charge any registration fees.
What are the documents required for NBFC DSA Registration?
All the details we need are taken through Aadhar & Pan Card. Additionally, after registration you would need to verify your bank accounts using a cancelled cheque.
Where can I find my DSA code?
We don't provide any DSA code. Your applications are tracked by your user id. Rest assured, your commissions are safe with us.
What is the minimum education requirement for a NBFC Loan Agent?
While we appreciate knowledge and skills, Red Fort Capital doesn't set strict educational prerequisites for DSA registration.
How much is the Business Loan DSA commission?
We provide competitive commissions and are dependent on the quality of lead provided by you. You bring us good deals, we provide you with better commissions.
Can we do loans without GSTR?
No. It is against the compliance set out by regulatory bodies.