18/09/2021
🕳Applying to Loan Through DSA Is Profitable to Borrowers :
( https://m.facebook.com/groups/1045824849574892/permalink/1115318552625521/
👉Applying to Loan with the help of direct sales associate (agency) or applying through bank branch visit is same thing and no single penny is charged to borrower from loan amout or processing fee. Agency gets its incentives from Bank's corporate head office which is extremely small part of the amount spent on Advertisement, Marketing, Digital Promotion Infrastructure, Staffing, Management, Maintenance by all goverment and private banks.
👉Loan Product is the main source of income for all goverment and private banks. And each bank try to attract more customers in order to sell their loan products and earn more profit.
Profit is calculated on the basis of total money earned and total money spent on loan business. doing business through agencies is very cheap and cost effective to all banks and they save huge amount of money, time and efforts.
https://www.tatacapital.com/blog/personal-loan/should-you-get-a-personal-loan-traditionally-or-via-dsa/
👉BANKS LIKE SBI, PNB, CANARA Bank,
IDBI, SIDBI, AXIS Bank, LIC Housing, ICICI Bank, HDFC Bank, INDUSIND Bank, YES Bank, TATA Capital, BAJAJ Finance , STANDARD CHARTARD Bank, CITY Bank, DBS Bank, UTKARSH SMALL FINANCE Bank And Many Other NBFCs Like TVS Credit, Hero Fincop etc APPOINT DSAs to Develop Loan Business, And Help Borrowers Who Are Unknown, Confused Or Unreachable To Different Loan Products Of Multiple Banks With Different Interest Rate.
👍For these banks, Selling Loan products Through DSAs Is Very Cheap and easy as compared to office means as it is highly expensive and lots money is spent on staffing, infrastructure, management, Advertisement and Digital Marketing
👉In order to save money, reach customers Fast and grow business fast, goverment and private banks appoint DSAs.
👉DSA have to Deposit security amount to goverment banks or some private banks and qualify their eligibility test. DSAs are ex-bankers or finicial service proffesionals.
👉Direct sales associate (DSA) is Nothing But doorstep service associate who help borrowers to get Loan at no cost at all.
👉Good direct Sales associate informs borrower about different banks, their interest rates and documentations as they are always in touch and updated with different multiple banks and NBFCs.
👉Most Of time borrowers feel difficult or confused in getting Loan where DSA help such borrowers to get loan through multiple banks or NBFCs option.
