1.00 Indian rupee ₹ How to find Prospect Loan Customers for DSA in your area? Mumbai

Published date: July 30, 2020
Views: 21
  • Location: Mumbai, Mumbai, Maharashtra, India

How to find Prospect Loan Customers for DSA in your area?
About Loan-
In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed. The document evidencing the debt will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment. The interest provides an incentive for the lender to engage in the loan. Acting as a loan provider is one of the main activities of financial institutions such as banks and credit card companies. (BBGV30720)

Types of loans

I. Secured loans These are loans that do require collateral. That way, if you are unable to repay the loan, the lender still has some means to get back their money. The rate of interest of secured loans are lower as compared to those for loans without collateral. Types of secured loans-Home loan, Loan against property (LAP), Loans against insurance policies, Gold loans, Loans against mutual funds and shares, Loans against fixed deposits
II. Unsecured loans These are loans that do not require collateral. The lender lends you the money based on past associations, and your credit score and history. Thus, you have to have a good credit history to avail these loans. Unsecured loans usually come at a higher rate of interest due to the lack of collateral. Types of unsecured loan are Personal loan, Short-term business loans.
Who provides these loans?
Loans are provided by both private as well as government institutions. These institutions that provide the loans are banks or NBFC’s or other financial institutions. We know that most of India’s population lives in rural areas it necessary that these institutes penetrate rural remote areas. But due to many challenges this is not possible. Hence to tackle this problem financial institutions hire DSA (Direct selling Agent). In order to bring business to the banks and NBFC’s they get some percentage as commission on the amount of loan. They generally deal in retail loan of banks. Now the question is how DSA’s can reach their prospects effectively?
Prospect Solution-
The answer to the above question is through prospecting. Prospecting involves focussing on only that audience which is interested in your offerings. Prospect Marketing uses different tools like social media, market research, feedback, etc. Using the data obtained from various sources within your area, analysis can be used to identify the prospects. Social media tools like Instagram and Facebook provides custom filter which helps the DSA reach the prospects effectively. The benefits of using prospect marketing is its cost effective, time efficient and provides higher number of conversion rate.
Contact Us:
Address: Unit No.450, Mastermind One - IT Park, Royal Palms, Aarey Colony, Goregaon (E), Mumbai, India 400065
Phone: +91 8097027355, +91 9137256150, +91 9222086563

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