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However, with the latest developments in the financial aspects of the country, buying a home has become easier than it ever was. With the affordable housing and home for all concepts and government’s push and motivation to the people of buying a home of their own, have turned things in favor of Home Buyers. The Home Loans have become a savior for those who need additional funds to buy a home. Let’s have a discussion on how these Home Loans are acting as a boon to the needy people.

What are Home Loans?

The Home Loans are the secured Loan Types, which are being offered to the people by the lenders (Banks and NBFCs) to buy a home. Since, these are the secured ones, the Property to be bought acts as collateral. In case the borrowers fail to repay the Home Loans, the lender reserves the right to recover the Money through the sale of the property.

Features of Home Loans

• The Home Loans are the long term loans, and the Loan tenure varies from 5 years up to 20 years. However in some cases, it extends up to 30 years.
• The Home Loan is the Cheapest Loan type in India as the Home Loan Interest Rate is least as compared to other Loan types.
• The Low Interest Home Loans can be availed by almost all Major Banks like SBI, HDFC, etc.
• The Home Loan Interest Rate is of two types; floating rate of interest and fixed rate of interest!
• Around 80% of the property’s value can be availed as Home Loans, providing that all other conditions are met!

What are the Major Factors in Home Loans?

There are certain major factors which play deciding role in the Home Loans. These are mentioned below:

• High CIBIL Score allows borrowers to avail Low Interest Home Loans
• The more is the eligibility of the borrowers on all other aspects, the better the Home Loan Interest Rate
• Home Loan insurance allows more security to your home, by getting it insured
• The Home Loans also comes with the processing charge, which may range from 1% to 2%
• The Home Loan Interest Rates which are of two types are the deciding factor in the Home Loans. While, in the floating rate of interest, the foreclosure is completely free of cost, the fixed rate of interest attracts the foreclosure charges

As the Home Loans are the long term responsibility, which needs to be carried on your shoulders for quite a long time, you must evaluate the complete scenario and then should decide whether to opt for Home Loans or nor! However, remember that a Home of own offers happiness and sense of security to the whole family. It’s the heavenly feeling to have a home of own, a dream Home, where you can relax and spend memorable moments with your loved ones.

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Check your credit score , Apply For a Personal Loan, Bank Dsa Registration

Many of you, who are reading this article, might be interested in knowing all the facts related to DSAs. While, there may be a section of readers, who are aware of the basic facts related to the Loan DSAs, there may be few of those for whom ‘DSA’ is an alien term.

Why not we discuss all the basic facts related to the DSA! Here we go:

Who are DSAs?

The DSAs or the Direct Selling Agents are the people who are responsible for bringing leads to the Banks and NBFCs. These are the people who act as middlemen between consumers and Banks & NBFCs. They are responsible to bring in leads for the various products as offered by these financial institutions. While, many DSAs deals in all sorts of Loans like Home Loans, Business Loans; there may be few who only deals in Personal Loans and thus may be known as Personal Loan DSAs.

They work for the Banks and NBFCs, but are completely free from all sorts of restrictions like working hours, reporting and all other elements involved in the on roll duty. These DSAs are called as entrepreneurs as they are the ones, who don’t have any restrictions on anything and are completely free

Benefits of Becoming DSA Loan Agents

The DSA Loan Agents hold several advantages, which are labelled as below:

• Flexible Working hours
• No boss! You are your own boss
• No reporting to any superior
• Earning depends on your calibre
• DSA Loan Agent Registration is open for all
• Can opt for the DSA Loan Agent Registration as part time, too!

Responsibilities of DSA Loan Agents

The Responsibilities of the DSA Loan Agents is to procure the Application of the consumers who are actively looking for the services of the banks and NBFCs. The products like Loans are the ones, which DSAs deals in, and are responsible to collect the necessary documents and important data from the consumers and feed to the Banks.

Earning of DSA

The earning of DSAs completely depends on DSAs. The better is the network of the DSAs in grabbing the leads for the banks; the more will be earning. The higher loan gets processed through the DSAs to the consumers, the more will be the earning of the DSAs. In fact, the DSAs work on the commission basis and more is the total loan amount approved by the Banks through the DSAs leads; the more is the earnings as commission. You must also keep a fact in mind that the Commission rates are different for different types of Loans. For example, the Home Loan DSA may earn more money as commission in comparison to the Personal Loan DSA.

Who can register for Loan DSA Program?

Now, the question arises; who can actually become a Loan DSA. Who can opt for the DSA Loan Agent Registration? Is this scheme open to all or just to certain people? You will be relieved to know that anyone of you can opt for the DSA Registration irrespective of anything. Be a Real Estate Agent, LIC Agent, Housewife, Chartered Accountant, or even if you are a student, the doors for the DSA Loan Agent Registration is open to all!

Thus, if you are really seeking for the entrepreneurship and want to establish your own work, look no beyond than the Loan DSA program and get hurry for the DSA Loan Agent Registration with the favourite Institution you would like to. There are many fintech companies that offer DSA Loan Agent Registration programs! Connect with them!

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