5 Factors to Know Before Applying for ICICI DSA Registration Online A direct selling agent (DSA) connects lenders to borrowers. They act as an intermediary and help lending firms find new clients. In exchange for their services, they earn a percentage from the total loan amount they sell. DSA partners also help loan applicants with their documentation and ensure that the loan is sanctioned on time. The ICICI bank is one of the best lending firms in the country to begin your career as a DSA agent. Being a well-known firm, they offer generous pay, flexible working hours, and better networking opportunities. 5 factors to note before applying for the role of an ICICI bank DSA ● Industry knowledge will take you forward To thrive as a DSA agent, you must have a good understanding of the financial services industry, the trending products that customers are loving, and the problem statements that these products are addressing. If you can tap into what problems your target audience is facing and manage to address them with your products, you will make many successful sales. ● A DSA agent’s job is customer-centric Customers should be at the forefront of every DSA agent’s decision-making. A DSA must know its target demographic, understand its needs, and tailor their products to meet its needs. They must always be available during official working hours to answer customer queries and guide loan applicants with their documents. ● DSA agents must have marketing skills DSA partners must come up with innovative marketing campaigns to promote their lender’s products. They must cold-call, email, and text prospects to inform them about their lender’s upcoming launches. Although individuals with any prior experience can work as a DSA, a background in sales is beneficial, as it enables them to understand how to approach customers and sell products effectively. ● Networking with other agents goes a long way A benefit of working in an established financial firm like ICICI bank is the amazing network of accomplished individuals you get to interact with daily. You can attend trade shows, industry events, and product launches to meet other senior DSA agents.
● DSA agents enjoy flexibility but also need to meet sales targets Working as a DSA agent has several lucrative prospects. You have the flexibility to choose your workstation and set your working hours. There is no limit to the amount of money you can earn in a month, as your pay depends on the number of products you sell monthly. The more you sell, the more you earn. However, every lending firm has a fixed sales quota that you must meet every month. Eligibility criteria for a successful ICICI bank DSA registration ● Age: You must be above 18 years of age to begin working as an ICICI bank DSA agent. ● Citizenship: If you are not an Indian citizen, you cannot work as a DSA partner anywhere in the country. ● Qualifications: Although you do not need professional college degrees in banking, accounting, or finance to work as a DSA agent, you need to go through all their training modules to learn the tricks of the trade. These modules will help you to learn about their products and how to position them to highlight their best features. ● Credit history: It is not a mandatory requirement, but you must have excellent CIBIL scores to begin working as a DSA agent. If you do not have a good record of paying back debts, lending firms may not be willing to trust you to offer financial advice to others. ● Additional requirements: If you know the local language of your operating area, you can win over more prospects and make more sales. Knowing the language of your customers can also help you to connect and relate to them. You may find it easier to establish a sense of ease and familiarity with your audience. Documents required for ICICI bank DSA registration online ● Identity proof: Aadhar card, PAN card, Voter ID ● Address proof: Passport, driving license, utility bills ● Income proof: Salary slips if you worked in a company, business address proof, bank statements if you run a business, and invoices if you are self-employed as a freelancer ● Bank statements: Your most recent three months’ bank transaction statements ● Tax details: Form 16 and other income tax documents ● Registration form: ICICI bank DSA registration form with all your personal details, professional experience, and income information How to apply for the role of an ICICI bank DSA? To register as an ICICI bank DSA, head over to their official website. Log in to the loan portal with a username and a password. Look for their ‘DSA Partner Program’. Fill in the registration form with all your personal details like name, contact number, address, educational background, and income
details. If you have professional work experience, make sure to input all those details. You have to submit KYC identification documents, income proofs, and address proofs to complete your DSA registration form. If the bank authorities approve your profile, you may be called in for a meeting. In the meeting, the ICICI bank authorities will assess your capabilities to check if you can work as a DSA partner. You can use that opportunity to clarify any doubts you may have about the role. Make sure to ask about their typical working hours, commission structure, and sales targets. If you agree to the terms and conditions, you have to sign their DSA agreement. It is a contract that details the pay structure, duties, and working hours to maintain clarity for both parties. You can also sign up as a DSA loan agent with Andromeda Loans.