Who is a business loan agent? Business loan agent is a person or a company who arrange a business loan for a customer or a company from a credit institution. They don’t provide business loan from themselves. They always arrange a loan from Banks and NBFCs. There are lots of people who work as individual business loan agent in Kolkata. Low job opportunity in Kolkata is also an important reason for loan agency business popularity. Loan agency became popular in other cities in India.
Business loan DSA:
 Full form of DSA is direct sale Agent. “DSA” is an actual term which is called by Banks and NBFC instead of loan agent. Most of the Banks and NBFCs provide DSA code for sales business loans. Most of the private banks and NBFCs provide business loan DSA. Generally, PSU banks don’t provide DSA for sale their business loan.
What DSA does?
DSA generates leads who will take a business loan from financial institutions. A DSA has to complete the loan application form, fill all the required documents for a business loan. Verify all the documents collected from the customer. An agent can provide you with doorstep services also.
Direct sales agent gets a payout of this job from credit institutions. Payout depends on the business loan amount. The payout can be different from one bank to another bank. A business loan DSA must have good knowledge and experience in this field.
If he has good knowledge in income tax, GST, and credit policy of the lender then the business loan consultant can help you most. Therefore Banks and NBFCs would like to provide business loan DSA to tax consultant, GST consultant, chartered accountant, company secretary, and people who have past experience in the banking sector and finance sector job.
   Generally, an authorized business loan agent doesn’t take consultancy fee from customers as they get the payout from the bank.
How to select a business loan agent in Kolkata?
When you select a business loan agent you should check the following things:
- Is a loan agent authorized DSA or not?
- Know about agent office or home.
- When you process loan tries to visit bank or credit institution with an agent.
- Authorized business loan agents don’t take high service charge or consultancy fee. They take 1% to 2 % of the loan amount generally. If your all documents are ready they may not charge anything as they get a payout from the bank.
- Authorized loan agent always asks you all the required documents for the loan.
- Experienced business loan agent may ready or prepare your few documents but they don’t make any false documents.
How to find out loan agent in Kolkata:
    You can get a business loan agent in Kolkata searching online easily. You will get loan agent in Google search, Face book, Justdial.com, Sulekha.com etc. When you select a business loan agent through online you must check its rating and customer review. Not only that, you should follow the above-given loan agent selection criteria. Because you will find cheater or fraught star in the online more than genuine loan agent.
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Sir I have small business of CSP providing. Our company ithe an authorized CSP agent of SBI. Yearly turnover around 18 – 20 Lac
How much max. loan I can get.
Turnover is not important in case of CSP. Your commission or service charge is important here.
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