DSA Loan Agent Registration Process in 9 Simple Steps

"Register as a loan DSA agent online for personal loans and more. Quick and easy DSA loan agent registration process. Become a loan DSA partner today!"


5 mins read

Published: 26 February 2024

Updated: 26 February 2024

In India, the term "DSA'' (Direct Selling Agent) is mostly used in the field of financial services and banking. A DSA helps find and handle customer loan applications while operating as a representative of a finance institution's agent or representative. My Mudra provides opportunities for anyone who wishes to be a DSA Agent. Join the financial company in India that is expanding the quickest. Becoming a Direct Selling Agent (DSA) in the fast-paced financial world of today can be a rewarding career, particularly with fintech companies such as My Mudra leading the way. Here are some general recommendations for the DSA loan registration procedure, while the specific requirements and registration process may differ based on the bank or financial institution you are interested in working with. One of the fintech businesses with the quickest rate of growth, My Mudra, provides a simplified registration process that helps you become a DSA loan agent online. 

9 Easy Steps to Register as a DSA Loan Agent

The nine easy steps to get started with My Mudra as a DSA Agent registration are outlined here.

Step 1: Research and Understanding

It's important to learn about services, products, and requirements for becoming a DSA before beginning the registration process. Comprehending the company's services and prerequisites will guarantee a more seamless registration process. 

Step 2: Choosing the Right Financial Partner

Prospective DSAs should thoroughly investigate the financial institutions they want to partner with, taking into account their offerings, standing in the industry, and prerequisites for DSA registration. In this step, people can evaluate if that financial partner fits their values and aspirations as a possible partners. Examining the history of the business contributes to establishing confidence in the registration procedure. My Mudra can be your most reliable partner as we believe in transparency.

Step 3: Checking Eligibility

  • To work as a loan agent for DSA. A degree in banking or finance is not required.

  • My Mudra DSA loan agent application is open to anyone, salaried or not.

  • According to the standards of the bank, the applicant must be able to supply the necessary documentation.

  • You must possess in-depth expertise.

  • You must be older than 21.

  • You must be a citizen of India.

  • A strong credit history and CIBIL score are required.

Step 4: Online Registration

1. Find the DSA Agent Registration Section: Begin by visiting My Mudra's official website and locating the DSA registration page. Fill out the online DSA loan registration form with accurate personal and contact information. There is a dedicated page for DSA Channel Partners. Visit now!

2. Sign-Up Account: New users need to sign up. Generally, this means providing some personal information, which is your name, phone number, and email address. Acknowledge the instructions while creating an account.

3. Provide Professional Information: You could be required to submit information about your professional background in addition to your facts. This could include your present line of work, your educational background, your professional background, and any applicable license or certificates you may own.

4. Accept Terms and Conditions: You will probably be prompted to read and accept the terms and conditions before continuing with My Mudra to become a DSA. Review these terms carefully to make sure you are aware of your rights and obligations as a DSA.

5. Enter Your Account Login: Once your account has been successfully created, use your login credentials to access it.

Step 5: OTP  Verification

After submitting the application form you’ll receive an OTP on your email and phone number. Enter the OTP to verify your authenticity. 

Step 6: Document Submission


Identification Proof

Aadhar Card, PAN Card, Driving License, Voter ID


Address Proof

Electricity and Water Bills, Passports

After filling out the registration form, you'll need to upload the necessary documents. You may use Digilocker to submit your documents. Identification proof documents are necessary (such as an Aadhar card, passport, or driver's license), proof of address (electricity bills, or rental agreement), and educational certificates. My Mudra needs specific documentation to confirm your identity and eligibility to work as a DSA loan agent. Make sure all the information you've supplied is accurate before submitting your documents. Submit the submitted papers via the My Mudra site after verifying your details. To complete your submission, the platform will usually include a button or option for that. Press this button to safely upload your files to the business's database. My Mudra values client’s privacy.

Step 7: Background Verification

Upon successful document submission, the process of background verification will be started by My Mudra. Ensuring the legitimacy and integrity of its DSA network requires taking this critical step. At this point, be patient as verification could take some time. This could entail performing additional checks to guarantee compliance with regulatory standards or cross-referencing the information you've provided with external databases. It's crucial to exercise patience at this point because the verification procedure could take some time. My Mudra might get in touch with you via email or mobile alerts during the verification process to ask for any more details or clarification.

Step 8: Agreement Signing

You will need to sign a contract with My Mudra detailing the terms and conditions of your work as a DSA after finishing the course. Before you sign, read the contract and ask questions about any sections you're not sure about to our team. My Mudra will help you through the process.

Step 9: Access to the DSA Portal

You receive access to My Mudra's DSA site after verification. This site acts as a consolidated location to track commissions, handle loan applications, and obtain marketing materials.

Why should you partner with My Mudra as a DSA Agent?

1. Proper Guidance & Support

We value our partner's time and convenience. That's why we provide them full support so that they can do their work efficiently.

2. Training and Certification

Upon successful verification, My Mudra provides training materials to acquaint you with their lending products, procedures, and compliance standards after successful verification. To get certified as a DSA loan agent.

3. Marketing and Lead Generation

Make use of My Mudra's marketing assets to advertise their loan offerings and create leads. To connect with possible borrowers, make use of your network, social media accounts, and digital methods. Your earning potential as a DSA can be greatly increased by successful marketing campaigns.

4. Loan Application Processing

As soon as borrowers begin submitting loan applications, you should submit them via the DSA portal. The application procedure will be handled by My Mudra's committed staff, guaranteeing a smooth experience for you and the borrowers. 


Joining My Mudra as a DSA loan partner presents a great chance to help people and businesses have access to financial services while also earning lucrative commissions. You can enter the DSA field with efficiency and confidence if you adhere to these nine easy procedures. Start a fulfilling career with My Mudra in the fintech organization. Why are you still here? Register now!

Also read: Benefits of Personal Loans Online from DSA in India

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