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

ICICI Bank needs no introduction. The bank has been in the finance industry for a long time and has been serving customers with its diverse services.

Moreover, while there are many career opportunities to explore at ICICI Bank, ICICI Bank DSA is quite popular. So, if you want to make a reliable career in the finance industry, you can try to become an ICICI Bank Loan Agent.

Furthermore, this comprehensive guide will help you understand how the loan agent business works.

ICICI Bank is one of the most popular lending institutions offering aspiring individuals a loan partner program. Here, the loan agents sell the loan products to potential clients and earn commissions.

Moreover, the bank uses the loan agents as mediators between the clients and the bank. Also, it expands its customer reach through ICICI Bank Loan Partner.

ICICI Bank started its DSA partner business in 2005, and since then, the program has acquired immense support from finance industry enthusiasts.

Moreover, the DSA business inspired many aspiring entrepreneurs to try it. Also, joining hands with a prominent bank like ICICI can be career-rewarding for many individuals.

As a Direct Selling Agent, the individual has to handle the loan processing, ensure all documents are apt, and answer the clients’ queries.

It is straightforward to become an ICICI Bank loan agent. However, a little investment is required to start the business. To start the DSA business, the aspiring DSA has to pay the registration fee of Rs.1000.

This minimum fee is required for the DSA application process. Besides, the DSA also has to invest an amount ranging from Rs. 25,000 to Rs.60,000 for infrastructure costs.

The ICICI Bank DSA Cost varies slightly from area to area. For example, if the business is set up in a rural area, the infrastructure cost may be low, and on the other hand, if the company is set up in an urban area, the infrastructure cost could be high.

Before heading further, the DSA has to check it with the concerned ICIC Bank branch.

• ICICI Bank offers 0.2% to 0.4% of loan value as commission to the DSA under the home loan category.
• Besides, the DSA gets 1.25% to 1.5% of the loan value for auto loan processing.
• Also, the business loan commission ranges from 2% to 2.5% of the loan value.
• Similarly, the commission is Rs.800 to Rs.1500 per card for credit card disbursals.

Usually, when a loan partner starts a business, they wait for the returns. Similarly, DSAs also await ICICI Bank Partner Returns with bated breaths.

However, as ICICI Bank is a well-established name in the finance industry, a loan agent can quickly take the business to the masses. Furthermore, they can get their return on investment in just three months.

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To run a DSA business, the loan partner must have minimum infrastructure. However, the infrastructure requirement is not mandatory in all cases. Below, we have curated the ICICI Bank Loan Partner infrastructure requirement.

• The DSA must rent a shop of 150-200 sq. ft to operate the DSA business.
• A minimum of 1 employee is required to look after the customer’s needs.
• However, having a telephone line to answer the calls is compulsory.
• Also, a computer with good internet connectivity is a must.
• Moreover, a CCT set-up is also required for a DSA business.
• However, air conditioning is optional

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The DSA requires significant aid from the bank to establish and run the loan agent business successfully. The bank provides different means of support to the DSA in running the ICICI Bank DSA Franchise business. We have rounded off the support extended by the bank to its DSAs below. Please check!

• The bank always has offers running for the DSAs.
• ICICI Bank provides its DSAs with client interaction training to help them communicate better with clients.
• A dedicated relationship manager supports the loan agents.
• Moreover, the bank provides back-office support to its DSAs.
• However, the market support is only partially available for the agents.
• The bank does not provide business management software and website support.
• Nevertheless, the bank provides an operation and training manual to the DSA

Marketing strategies that effectively reach the target audience are essential for any business to attract the public. See what extensive support the bank gives the ICICI Bank Direct Selling Agent.

• The bank offers unit interior & exterior ad support to the loan agents.
• The DSA also has access to local advertisement support.
• Moreover, the bank offers extensive digital marketing support for quick business reach.
• However, ICICI does not support television advertisements, print advertisements, or events/seminars

Under the ICICI Bank DSA Partner program, the DSA receives extensive training from the bank. This training is necessary to drive the business on the path to success.

• The first and foremost training provided to the DSA is product information training. Under this, the DSA learns about the types of products the bank offers for selling purposes.
• The second is sales training. In this training, the loan agent learns how to sell loan products to customers.
• The third one is service training. In service training, the DSA learns how to offer services to clients.
• The last is recovery training, a must-learn for a DSA

The ICICI Bank Loan Partner has access to an array of loan products. By learning about the bank’s products beforehand, the loan agent can quickly sell them to the right clients and make attractive commissions. Check what loan products ICICI Bank offers to its DSAs.

• ICICI Bank offers the most popular loan product, home loan, to its DSAs.
• Also, the bank has automobile loans available for its DSAs to sell.
• Gold loans are also a popular loan product at ICICI.
• Education loans are also available for the DSAs.
• In addition, a personal loan is also offered to the loan agents.
• Furthermore, DSAs can also sell business loans from ICICI Bank.
• DSAs are also eligible to sell ICICI bank credit cards to clients

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The ICICI Bank Partner Dashboard is a platform the bank provides to loan partners. Loan agents can easily manage their customers and loan applications and check their commissions.

Moreover, a dashboard simplifies the DSA’s work by keeping everything in one place. Lead management also becomes easy with a DSA dashboard.

Furthermore, a DSA can access the training manuals and receive the latest updates about the program through the platform.

ICICI Bank Loan Agent Login

ICICI Bank has a dedicated login page for registered DSAs called iLens. Registered loan agents can log in to the page with their user ID and password to access their dashboard instantly.

Moreover, the ICICI Bank DSA Login is a very smooth process, and DSAs can also log in through the iLens app.

ICICI Bank Agents – Benefit

The ICICI Bank Agents Benefit significantly from the bank in terms of impressive commissions, a wide array of loan products, and extensive training programs. Let’s look at the benefits the bank offers to its DSAs.

• With ICICI Bank, the DSA can easily win customers’ trust as the bank is highly prominent throughout the country.
• The bank offers handsome commissions to the DSAs for selling its products. Also, it encourages them with rewards and bonuses.
• In addition, the DSA can work in his flexible hours with ICICI.
• Also, there is no need for a professional degree to start the DSA business.
• As a DSA, you have access to some exclusive loan products, which you can offer to your clients at decent interest rates.

ICICI Bank Loan Agent Drawbacks

Like any business, even ICICI Bank DSA business has a few drawbacks. It would be a plus if the DSA first learns ICICI Bank Loan Agent Drawbacks.

• Firstly, the earnings the DSA make are commission-based. So, if the business doesn’t work, it affects the commissions.
• DSAs must adhere to the regulations set by RBI and the bank.
• Furthermore, it is essential for the DSA to maintain good relationships with customers to maintain customer retention.

ICICI Bank DSA Program – Conclusion

ICICI Bank is known for its top-notch services like quick loan disbursals, a wide selection of loan products, and competitive interest rates.

If you want to join the ICICI Bank DSA program, you will be in safe hands as the bank has an excellent reputation for supporting its partners. Also, you can make the loan agent career a full-time career if you gain experience in the field.

FAQs on ICICI Bank DSA Business

We have answered several frequently asked questions about the ICICI Bank DSA Business. Please review them and clarify any doubts you may have.

Does ICICI Bank provide a DSA Program?

Yes, ICICI Bank provides a DSA program. It commenced the program in 2005, and to date, it is one of the bank’s go-to partner programs.

How many DSAs does ICICI Bank have?

There is no exact count of ICIC Bank’s DSAs. The number changes often as new DSAs join and a few leave the business.

What is the work of ICICI Bank Agents?

The ICICI Bank agents are responsible for finding clients looking to take out loans and offering them attractive interest rates.

How can I become an ICICI Bank Direct Selling Agent?

To become an ICICI Bank DSA, you must visit the bank’s official website and register with all your particulars. If your profile matches what they seek, the bank will contact you.

How much can I earn as ICICI Bank Loan Agent?

As an ICICI Bank loan agent, your earnings are purely based on the commissions. Furthermore, these commissions are based on the loan type and volume. Typically, a DSA earns a commission between 0.5% to 1% of the loan value.

Am I eligible to become an ICICI Bank Loan Partner?

Passionate individuals with Indian nationality are eligible to become an ICICI Bank DSA. Moreover, the DSA must be over 18 years old and at least have 10+ qualifications.

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

An ICICI Bank DSA earns a commission of 0.2% to 0.4% for a personal loan.

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

To become an ICICI Bank DSA, the registration fee is Rs.1000. Also, the infrastructure would cost between Rs.25,000 and Rs.60,000.

How much commission is given to a credit card agent at ICICI Bank?

The credit card agent in ICICI Bank gets a commission of Rs.800 to Rs.1500 per card.

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

The commission for a home loan agent working with ICICI Bank is 0.2% to 0.4% of the loan value.