Bank of Baroda offers individuals and businesses an opportunity to become Direct Selling Agents (DSA) to generate leads and earn commissions on loan disbursals. The process is simple and completely digital. Follow these 12 steps to successfully register as a DSA with BoB.
1. Fill Out the Registration Form
- To start the DSA registration process, fill the application form on the official website of Bank of Baroda.
- Visit the DSA registration page and click on “Register”. Provide personal details such as name, contact number, email, and address.
- Enter your educational qualification and any relevant work experience.
- If applying as a business, mention your company details, GST number, and business registration details.
- Double-check all information before submitting the form to avoid errors or rejection.
2. Verify Your Email & Phone Number
Once you submit the form, you will receive a verification email and an OTP (One-Time Password) on your registered phone number.
- Click the verification link in your email.
- Enter the OTP to confirm your phone number.
- Make sure your email and phone number are correct since all further communication will be through them.
- Without this verification, your registration process cannot move forward.
3. Submit Required Documents
To process your application, you need to upload the following KYC and business documents:
- Identity & Address Proof
- PAN Card (mandatory for financial transactions).
- Aadhaar Card, Passport, or Voter ID (for identity and address proof).
- Educational Qualification
- Minimum high school diploma (10th or 12th pass).
- Higher qualifications are preferred but not mandatory.
- Financial Documents
- Bank statements (last 3-6 months).
- IT Returns (if applicable, for income proof).
- Salary slips (if employed).
- Ensure all documents are clear, readable, and in PDF or JPG format to prevent rejection.
4. Application Review & Background Verification
After submitting your documents, the Bank of Baroda team will verify your details.
- Your financial history and background may be checked.
- The bank ensures that all documents are valid and meet eligibility criteria.
- If required, the bank may contact you for additional information.
- This process may take 7-10 working days, depending on the application volume.
5. Receive Proposal Email
- If your application is approved, you will receive a proposal email from Bank of Baroda.
- This email contains all terms, commission structures, and responsibilities as a DSA.
- Read it carefully before proceeding.
- If you have any doubts, clarify them with BoB before moving forward with your registration.
- This proposal outlines the business opportunity, expected earnings, and other guidelines.
6. Submit KYC & Bank Details
After accepting the proposal, you must submit your KYC details along with your bank account information to receive commission payouts.
- Upload your PAN card and Aadhaar card for KYC verification.
- Provide a bank account number and IFSC code for receiving commission payments.
- Make sure the bank account is active and in your name.
- This step ensures smooth and timely payouts from BoB.
7. Receive CRM User ID & Password
- Once all verifications are complete, you will receive your CRM (Customer Relationship Management) login credentials.
- BoB provides you with a unique CRM user ID and password.
- The CRM system allows you to track loan applications, submit leads, and upload documents digitally.
- It is a fully online process, meaning you don’t need to visit a bank branch for submitting applications.
- This CRM tool is essential for managing customer leads and loan processing.
8. Start Generating Leads
Now that your registration is complete, you can start your DSA business by generating leads for different loan products.
- Loan Products You Can Offer as a BoB DSA
- Personal Loan
- Business Loan
- Home Loan
- Loan Against Property
- New Car Loan
- Used Car Loan
- Insurance Products (Health, Life, Motor)
- Demat Account Services
- Taxation & Private Funding Services
Use your network, social media, and digital marketing to find potential customers.
Educate customers about loan benefits and eligibility to encourage applications.
Enter lead details into the BoB CRM portal for further processing.
9. Earn Commission on Loan Disbursals
Your earnings as a DSA depend on the loan products sold and disbursed.
- Commission Rates: BoB offers commissions up to 3.50% per successful loan disbursal.
- Payout Frequency: Payments are made on time, every time.
- Higher Earnings: The more loans you process, the higher your income potential.
- Unlike salaried jobs, your earnings are unlimited, depending on the number of leads you convert.
10. Get Marketing & Training Support
To help you succeed, BoB provides various training and marketing tools:
- Training programs to understand loan products and improve sales techniques.
- Marketing support, such as brochures, digital ads, and promotional materials.
- Access to lender networks (54+ lenders on one platform), increasing customer approval chances.
- Take advantage of these resources to maximize your success as a DSA.
11. Expand Your Network & Grow Your Business
- A strong client network is vital for success.
- Connect with real estate agents, builders, and financial consultants for referrals.
- Partner with local businesses and tax consultants for cross-selling.
- Utilize Facebook, LinkedIn, and WhatsApp for online marketing to reach borrowers.
A strong network means a steady flow of loan applications, ensuring consistent income.
12. A strong network of clients is crucial to success.
- Connect with real estate agents, builders, and financial consultants to get referrals.
- Partner with local businesses to cross-sell. Use Facebook, LinkedIn, and WhatsApp to reach potential lenders online.
- Offer additional services like insurance or tax assistance.
- Follow up regularly to get repeat business or referrals.
A satisfied client is more likely to refer new clients, helping you grow without additional marketing costs.
Key Benefits of BoB DSA Registration
✔ Fully digital process – No need to visit banks.
✔ Earn commissions up to 3.50% on loans.
✔ 100% timely payout for every successful loan disbursal.
✔ Access to 54+ lenders to increase loan approval chances.
✔ Work from anywhere – Pan India business opportunity.
✔ Full marketing & training support from BoB.
If you are looking for a profitable side business or a full-time opportunity, becoming a BoB DSA is a smart choice. Register today and start earning commissions on loan approvals!
Conclusion
Becoming a Bank of Baroda DSA is a great business opportunity with high earning potential and flexibility.
If you’re looking for a side hustle or full-time business, this is a smart and profitable choice. Register today and start earning commissions on loan approvals!
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