Axis Bank DSA or Loan Agent or Partner – Find Commission, Cost, ROI & more

Are you striving to establish a career in the banking sector? But are you not sure what job is right for you? Becoming an Axis Bank DSA is a lucrative career option among various banking business opportunities.

Working as an Axis Bank Loan Agent will enable you to earn attractive commissions. In addition, you will be helping borrowers with their loan journey.

Want to learn more about this career opportunity? This review will help you understand the DSA’s role in the Axis Bank.

Axis Bank is among the top banking institutes in India. The bank has reportedly issued over Rs. 9 trillion worth of advances in 2024. Therefore, working as the bank’s DSA is the best decision you can make for your career.

Are you curious to know what the Axis Bank Loan Partner actually does? The DSA program empowers eligible candidates to act as intermediaries between the specific bank and customers seeking loans.

It means you will have to sell the bank’s loan products to potential customers. You will work closely with existing and potential customers and identify their financial needs. Then, you will offer them loans. Depending on the client’s needs, they can be personal, automobile, gold, or business loans.

What will you get in return? A specific amount is a commission. The more loans you sell, the more commission you will earn.

Like every business, your career as the DSA needs some initial investment. To provide direct selling agent services under the Axis Bank name, you must pay a minimal fee of 1000 INR. Also, the banking institute will ask for a registration fee. It should be paid annually.

Besides this, the Axis Bank DSA Cost involves infrastructure investment. This investment can vary based on the business scale you wish to do. The amount you might have to spend for business infrastructure can be between Rs. 30,000 and Rs. 50,000.

You should know that spending this infrastructure cost is completely optional. For example, if you want to own an office, you will have to invest some money. But if you can do it without office space, there will be little to no infrastructure investment.

Being one of the renowned banks in the country, Axis Bank offers competitive commissions to its loan agents. However, how much commission you earn entirely depends on the type and volume of loans you disburse. The more loan products you issue to the customers, the more commission you can receive.

Here outlined is the Axis Bank DSA Commission structure:

• You can get 0.3% to 0.5% of the loan value by selling home loans.
• Personal loan commission can range from 1% to 1.5% of the loan amount.
• If you successfully sell a specific number of auto loans, you can earn 1.3% to 1.5% of the loan value.
• Furthermore, business loan commission is usually high, i.e., 2% to 2.25% of the loan amount.
• DSAs also need to sell credit cards and can earn up to Rs. 1,000 to Rs. 1,500 on each card.

Despite cost-effective entry to the financial services sector, Axis Bank’s loan agents receive quite attractive commissions.

The bank offers transparent commission structures, regular payouts, and a supportive business environment, ensuring aspiring DSAs a steady revenue stream. Moreover, the Axis Bank Partner Returns can be expected in three months.

It means you will receive fair returns in the third month after investing in the bank’s DSA program.

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The bank states some infrastructure requirements for its loan agents program. Aspiring candidates are expected to meet those minimum requirements to run their business seamlessly.

The following listed are the infrastructure specifications for an Axis Bank Loan Partner:

• The DSA can own or rent an office space of 100 to 200 square feet to provide their services. But it’s optional!
• At least one employee must be hired to contact customers and address their inquiries.
• A telephone line must be installed for seamless communication with potential loan borrowers.
• You must have a computer along with a full-speed internet connection.
• Although having an air conditioner is completely up to you, you must install CCTVs for continuous surveillance.

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Don’t think you are alone in your Axis Bank DSA Franchise journey. The banking institute has got your back. You can expect support and guidance from the bank to run your DSA franchise smoothly.

Here’s the support you can receive from the Axis bank:

• From time to time, the bank introduces lucrative offers to motivate their loan agents.
• You can also enrol in the client interaction training to learn how to communicate with potential clients.
• The DSAs will work under the guidance of a dedicated relationship manager. He will educate you about how to establish strong relationships with your customers.
• You don’t have to worry about back-office tasks. The bank will provide you with back-office support.
• Although marketing support is partially available, the bank will help you promote your DSA franchise.
• In addition, you will be given an operation and training manual.
• But you shouldn’t expect business management software and website support.

Are you wondering how you will attract and engage more customers to sell more loan products? Marketing your DSA business can be a headache, especially when new to this role.

Don’t stress! The Axis Bank provides necessary marketing support to its loan partners. Here outlined is the marketing support you can receive as an Axis Bank Direct Selling Agent:

• Unit interior and exterior advertisement support is available to help you promote and grow your business.
• You can advertise your business locally with the bank’s help.
• The bank allows its loan agents to market their services digitally via social media or third-party digital platforms.
• Are you looking forward to advertising your DSA services via television, print, events, or seminars? Unfortunately, the bank doesn’t provide this marketing support.

You need skills and knowledge to onboard potential customers for the bank’s loan products. But are you new to the DSA business? If so, you should enroll yourself into any of the following Axis Bank DSA Partner training programs:

• Product Information Training: If you are a beginner DSA, you might be unfamiliar with Axis Bank’s loan products. The bank provides product information training wherein you can learn everything about available loan products.
• Sales Training: In this training program, you can master skills to sell the bank’s loan products seamlessly. You will learn how to encourage customers to borrow loans from you.
• Service Training: The key to attracting clients is providing incredible services. During your service training, you will learn what services you can offer on the bank’s behalf. In addition, you will learn the tactics for offering available services.
• Recovery Training: The DSA’s job is not only to sell loan products but also to recover the loan. So, when training for loan recovery, you will master the skills and knowledge necessary for recovering loans without any hassle.

Axis is ranked among India’s top ten banking institutes, offering a diverse range of loan products. It’s a plus point for the Axis Bank Loan Partner as it allows them to attract and acquire more clients.

Let’s explore what loan products the bank offers to its direct selling agents:

• The bank has introduced varied types of home loans for DSAs to sell.
• Automobile loans are other types of loans that agents can issue to their clients.
• DSAs are also allowed to sell gold loans.
• If anyone is looking for an education loan, Axis Bank’s loan agents can offer it.
• Loan agents can also provide personal loans to potential customers.
• Apart from all these loans, DSAs can sell business loans to small- and large-scale businesses.
• The bank’s loan agents can also sell credit cards.

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Are you looking for the Axis Bank loan agent dashboard link but couldn’t find it? The table given above displays the link to the Axis Bank Partner Dashboard. If you want to work as a DSA for the bank, you can click on the link and register as one.

Once you are redirected to the bank’s dashboard page, you need to log into your DSA account. But if you are a new user, you must first register yourself. To register, enter your name, mobile number, and email ID. Then, create a strong password and confirm it.

After filling out all the boxes, tap on the ‘Register’ icon, and the bank will reach out to you shortly.

Axis Bank Loan Agent Login

Once registered as an official DSA, you can log into your DSA dashboard. To Axis Bank DSA Login, enter your user ID, i.e., mobile number or email address, and password. You can also log in with the OTP.

After successfully logging into your account, you can explore the bank’s loan products and start selling them.

Axis Bank Agents – Benefit

Let’s read on to learn the Axis Bank Agents Benefit that one can avail of:

• Loan agents have minimal financial strain because of minimum DSA fees and flexible infrastructure investment costs.
• The bank offers many loan products, enabling loan agents to sell and earn more.
• They can earn attractive commissions by selling more and more loan products.
• Working hours are flexible for DSAs, allowing them to work according to their convenience.
• Comprehensive training and support are provided to DSAs for smooth business operations.
• They can expect attractive returns within three months of starting working as DSAs.

Axis Bank Loan Agent Drawbacks

Besides the above-discussed benefits, there are also some Axis Bank Loan Agent Drawbacks:

• DSAs are dependent on loan disbursement for their income. They tend to earn less on small loans, which can discourage them.
• Now that competition is tough in the financial sector, loan agents find it challenging to survive.
• Despite so many efforts, they sometimes fail to acquire clients, which can demotivate them.
• RBI regularly changes interest rates and regulations governing the banking sector. In such scenarios, loan agents find it difficult to onboard customers.

Axis Bank DSA Program – Conclusion

Axis Bank DSA Program has come across as an excellent business opportunity for individuals wanting to grow in the financial sector.

The bank has minimal investment and cost structure. In addition, DSAs can expect diverse loan products, attractive commissions, training sessions, and marketing support from the bank.

Therefore, becoming a part of the Axis Bank is a reliable choice for aspiring loan agents.

FAQs on Axis Bank DSA Business

Here are various FAQs related to Axis Bank Loan DSA.

Does Axis Bank provide a DSA Program?

Yes, the bank has initiated a DSA program. Participating in this program, you can sell the loans on the bank’s behalf and earn competitive commissions.

How many DSAs does Axis Bank have?

The bank reportedly has an extensive network of DSAs across the country. However, the exact figure has yet to be discovered.

What is the work of Axis Bank Agents?

The loan agents work as an intermediary between Axis Bank and its existing and potential clients who seek loans. Their job is to issue loans to clients and guide them during the loan application and recovery process.

How can I become an Axis Bank Direct Selling Agent?

You can become the direct selling agent of Axis Bank by meeting its eligibility criteria, documentation requirements, and KYC verification process. If you clear everything, the bank will contact you for registration.

How much can I earn as an Axis Bank Loan Agent?

The earnings as an Axis Bank loan agent are not fixed. They can vary depending on how many and what type of loan products you sell to clients.

Am I eligible to become an Axis Bank Loan Partner?

The eligibility requirement for Axis Bank loan partners is that their age must be over 18 years. In addition, they must be an Indian citizen and have a high CIBIL score. Besides this, the bank prefers potential candidates to have passed 10+ or graduated, have business experience, and have product knowledge.

What does Axis Bank DSA earn the commission for Personal Loans?

When it comes to personal loans, the bank pays 1% to 1.5% of the loan amount as a commission to the direct selling agent.

How much is the cost needed to become Axis Bank DSA?

The loan agents desiring to work with the bank must pay 1,000 INR as a DSA fee, an annual registration fee, and Rs. 30,000 to Rs. 50,000 as infrastructure investment.

How much commission is given to a Credit Card Agent in Axis Bank?

On selling each credit card, the bank’s loan agent receives 1,000 to 1,500 INR as a commission.

What is a commission for a Home Loan Agent in Axis Bank?

The commission for a home loan agent in the bank ranges from 0.3% to 0.5% of the loan value.