DSAs (Developmental Service Agents), also known as business correspondents, serve as liaisons between potential borrowers and banks and financial institutions. They collect relevant documents before performing due diligence on them to verify authenticity before uploading and submitting loan applications on behalf of their clients.
Financial loan solutions providers tailor loan products to each borrower by taking into account his/her financial profile and requirements and offering assistance with documentation to ease borrowers’ burdens.
Visiting Card Printing Services
Visitor cards remain an effective means for exchanging contact details in this digital age, with 10 billion printed in 2020 alone, but digital cards may now be preferred as they offer greater convenience and eco-friendliness than physical ones.
To become a DSA for any particular bank or NBFC, you must present their legal team with several documents as proof of identity and address – such as an Aadhaar card, passport, voter ID card, or utility bill as proof – and recent passport-sized photographs for identity verification and record-keeping purposes as well as your professional certifications, if applicable.
After a bank’s legal team has approved your documents, they will send you a DSA registration agreement complete with stamp duty attached. With this document in hand, you can then upload loan documents on behalf of potential borrowers to upload. Some banks may have additional requirements; it’s wise to reach out directly for instructions and guidance from them, as some may require DSAs to be registered with their credit reporting agencies (CRA). NBFCs typically also require registration with their CRAs – adding another step into the process.
Visiting Card Printing Materials
Visiting card printing materials can be found from multiple sources and include various forms of paper, inks, and cards. When choosing the material that best meets your budget and needs, consider choosing heavier cards over lighter ones since more serious cards offer superior durability, longevity, and writing ease and can fit a wider variety of sizes and designs to suit any business.
If you are starting a visiting card printing business, the location of your print shop is of crucial importance for its growth and profitability. Furthermore, you should think carefully about how your website should appear as this will affect growth as well as features.
Once you have collected all the documents necessary to open an agency account with a bank or NBFC, their legal team will review your documents as well as your credit history and score before sending you a DSA agreement with the appropriate stamp duty attached. When this arrives in your mailbox, upload loan applications on behalf of potential borrowers using your agency account; commissions earned can then be used to cover operating costs.
Visiting Card Printing Prices
No matter where your networking takes you, digital business cards provide an efficient way to share contact details quickly and easily. Email them the card with their contact info, and they can view or save it onto their device. Plus, for instantaneous sharing nearby, you can use near-field communication (NFC).
Before sending out the DSA agreement with its appropriate stamp duty fee, banks or NBFCs scrutinize loan documents and credit histories to ensure they’re genuine before sending a document with a list of loan documents, form 16, and two passport-size photos attached as part of this document.
