Bajaj Finserv DSA or Loan Agent or Partner – Find Commission, Cost, ROI & more

Bajaj Finserv is one of the country’s most prominent non-banking financial corporations. The company offers a wide selection of loan products under its Bajaj Finserv DSA program. The loan agents then sell these products to potential clients.

As a DSA, you earn decent commissions from the brand for the loan products you sell. To become a DSA, you can join the Bajaj Finserv Loan Agent program. This article will explore the DSA cost, commission, benefits, support, and more.

Bajaj Finserv was established by Jamnalal Bajaj in 2007. The company’s headquarters is located in Pune, Maharashtra. Furthermore, it commenced its DSA program in 2010.

As soon as it was launched, many finance enthusiasts tried their hand at the Bajaj Finserv Loan Partner program.  For the unknown, the agents sell the company’s diverse range of loan products to clients.

They earn a commission for every successful loan processed. He is also responsible for suggesting the right loan product to the customer. Furthermore, the agent can earn more commission if he helps the company process more loans.

To join Bajaj Finserv as a Direct Selling Agent, you must pay DSA fees of up to Rs.3000. This is the registration fee that every individual DSA has to pay to the company to start the partnership journey.

In addition, he must pay the infrastructure cost. Regarding the infrastructure cost, the DSA must set up an office space to run the business. The Bajaj Finserv DSA Cost ranges from Rs. 30,000 to Rs. 50,000, which is optional.

However, the DSA is free to decide whether to make this investment. It is up to him whether he wants to own a shop.

Bajaj Finserv provides its DSA with a competent commission for its services. The commission is based on the number of loans processed and the loan size. We have mentioned the Bajaj Finserv DSA Commission for each type of loan below. Check it out!

• Bajaj Finserv offers the DSA a commission of 0.3% to 0.65% of the loan value for a home loan.
• The DSA receives a commission of 1.5% to 2.5% of the loan value for a personal loan.
• Similarly, the commission for an auto loan ranges from 1.5% to 2% of the loan value.
• In addition, the commission on a business loan ranges from 2.25% to 2.75% of the loan value.
• Furthermore, DSAs can also receive commission on credit card disbursal, which is Rs.1000 to Rs.1500 per card.

A loan agent can start a DSA business and sell loan products to clients with a minimum fee of Rs.3000. But when it comes to Bajaj Finserv Partner Returns, he must wait three months.

In three months, the DSA can start making returns from the business, which he can use for infrastructure.

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The Bajaj Finserv Loan Partner must ensure that it has the basic infrastructure to start the DSA franchise business.

• To operate the DSA business, the DSA must own an office space of 100 to 200 sq. ft.
• A DSA business requires at least one employee to handle clients’ loan queries.
• It is compulsory to have a dedicated telephone number in use.
• At least one computer with good internet connectivity is also a must.
• However, air conditioning and CCTV setup are optional.

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To run a business efficiently, it is essential to have support from the Bajaj Finserv DSA Franchise. The company provides various means of support to its DSAs, which we have covered here.

• Bajaj Finserv often runs special offers for its DSAs.
• Learning how to interact with clients is crucial in the DSA business. So, the company provides professional client interaction training to help DSAs acquire clients more efficiently.
• Furthermore, the company provides a dedicated relationship manager to support the DSA.
• The company extends back-office support to the DSAs.
• Besides all these, Bajaj Finserv only offers partial marketing support to its DSA’s.

Bajaj Finserv offers its DSAs the best marketing support and assists the Bajaj Finserv Direct Selling Agent in taking the business to the next level.

• The company extends its support to both interior and exterior ads.
• DSAs can also get support in the form of local advertisements.
• Moreover, Bajaj Finserv provides digital marketing support to its DSAs, allowing them to extend their reach quickly.
• Nevertheless, the company doesn’t support television advertisements, print advertisements, or events/seminars.

The Bajaj Finserv DSA Partner receives tremendous training support from the company. Here, we have listed the training support the DSA gets from the company.

• Firstly, the company provides product information training. In this, the DSA will learn about the company’s diverse products.
• Secondly, the loan agents receive sales training. In this training, they learn how to sell products to clients.
• Thirdly, the DSA undergoes service training, where they learn how to provide top-notch services to clients.
• Lastly, the company provides recovery training, where they learn how to recover the loan amount from clients who do not intend to repay it.

The Bajaj Finserv Loan Partner has access to various loan products to sell and earn commission. Each loan product has a different commission, and the DSA earns a commission based on the product he sells.

Moreover, the loan agent must know which product to sell to clients based on their requirements. Here, we have rounded off the products offered by Bajaj Finserv.

• The DSAs of Bajaj Finserv can sell home loan products to customers.
• The financial institution also offers automobile loans to its clients.
• Gold loans are another kind of loan that DSAs receive.
• The NBFC also offers education loans through DSAs.
• Personal loans are also available with Bajaj Finserv, which DSAs can sell and earn commission.
• Moreover, there is also a business loan product available for DSAs.
• Lastly, DSAs can also sell credit cards to customers.

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Interested individuals can access the Bajaj Finserv Partner Dashboard through the official link below. The DSA can access the loan products and more through the dashboard link. Check out what the DSA can do through the dedicated dashboard.

• First, register with the company to operate as a DSA.
• After registering, sign in with your user ID or mobile number and proceed.
• If you are a first-time visitor, you must input the user ID and password received on your email ID. Make sure to reset your password for security reasons.
• Again, Sign in using your user ID and new password.

Bajaj Finserv Loan Agent Login

On the Bajaj Finserv DSA Login page, DSAs can log in using their user ID and password. After logging in, DSAs can access the products they sell to customers.

They can also learn about the benefits of becoming a loan agent with Bajaj Finserv. Moreover, a DSA can join the community of lakhs of partners, access products, and grow their business to new levels.

Bajaj Finserv Agents – Benefit

Bajaj Finserv Agents Benefit immensely from the loan agent program. Here are some of the benefits listed for you to check.

• To ensure customer satisfaction, the company processes the applications quickly and uses digital means to speed up the process.
• Moreover, DSAs can earn attractive payouts based on their performance.
• Furthermore, the company offers solid support to its loan agents through a relationship manager and back-office.
• Also, DSAs can cross-sell products to customers and earn more with Bajaj Finserv.
• In addition, Bajaj Finserv promotes fast approval and quick disbursal of loans to customers.
• Loan agents are recognized for their contributions and are awarded accordingly.

Bajaj Finserv Loan Agent Drawbacks

The Bajaj Finserv Loan Agent Drawbacks are fewer compared to the benefits. Here are some drawbacks to consider:

• The competition in the DSA business is relatively high. So, it would be difficult for the loan agent to survive the tough competition.
• The income is purely commission-based, so it could sometimes put DSAs in challenging situations when the business is down.
• Sometimes, the loans get rejected by the company or the customer, which could impact the commission.

Bajaj Finserv DSA Program – Conclusion

Bajaj Finserv has been providing services in the DSA business for over a decade. It offers various partner programs for business enthusiasts, and the Bajaj Finserv DSA Program is one of them.

Coming to the DSA, he must be accountable to the company and the clients to succeed. DSAs can earn competitive commissions and financial rewards by successfully onboarding potential clients.

Also, the DSA needs to maintain a high standard of service to sustain itself in the industry.

FAQs on Bajaj Finserv DSA Business

Here are some of the most frequently asked questions about Bajaj Finserv DSA Business. Reading through these FAQs can clarify your doubts about the DSA business.

Does Bajaj Finserv provide a DSA Program?

Yes, Bajaj Finserv has a DSA program for aspiring loan agents. The program has many benefits, and with skill, a DSA can make it a mainstream job.

How many DSAs does Bajaj Finserv have?

Bajaj Finserv’s official website shows the platform has around 1.9 lakh+ active partners selling its products. The business will witness a further surge as time goes on.

What is the work of Bajaj Finserv Agents?

The Bajaj Finserv agents act as intermediaries between the loan borrowers and the company. They introduce potential loan borrowers to the company and earn commission from it.

How can I become a Bajaj Finserv Direct Selling Agent?

To become a Bajaj Finserv DSA, visit the company’s partners page. Enter your details, such as your mobile number and PIN code, select a product and business, and submit. Then, the company associates will contact you.

How much can I earn as a Bajaj Finserv Loan Agent?

As a Bajaj Finserv Loan Agent, an individual can earn an attractive commission from the company. The commission is purely based on the DSA’s performance and varies from individual to individual.

Am I eligible to become a Bajaj Finserv Loan Partner?

To become a Bajaj Finserv loan partner, an individual must be an Indian citizen and 18 years of age. The applicant must also have a valid KYC.

What does Bajaj Finserv DSA earn the commission for Personal Loans?

A Bajaj Finserv DSA’s commission for a personal loan is 1.5% to 2.5% of the loan value.

How much is the cost needed to become Bajaj Finserv DSA?

To become a Bajaj Finserv DSA, the aspiring individual should invest Rs. 3000 for registration and Rs. 3000 to Rs.50,000 for infrastructure costs.

How much commission is given to a Credit Card Agent in Bajaj Finserv?

Bajaj Finserv provides a commission of Rs.1000 to Rs.1500 per card for a credit card agent.

What is a commission for a Home Loan Agent in Bajaj Finserv?

Bajaj Finserv offers its home loan agent a commission of 0.3% to 0.65% of loan value.