DSA Of State Bank Of India - 2018-2019 StudyChaCha

Go Back   2018-2019 StudyChaCha > StudyChaCha Discussion Forum > General Topics

Old January 13th, 2018, 09:54 AM
Posts: n/a
Default DSA Of State Bank Of India

I want to know the eligibility for Direct Selling Agent (DSAs) of State Bank Of India
for sourcing home loan business so can you tell me?
Reply With Quote
Old January 13th, 2018, 11:51 AM
Educhamp's Avatar
Super Moderator
Join Date: May 2011
Location: Delhi
Posts: 37,727
Default Re: DSA Of State Bank Of India

The State Bank Of India is interested in empanelling Direct Selling Agents (DSAs) for sourcing home loan business.

The DSAs will be expected to canvass home loan business and submit
home loan applications of the prospective applicants to the Bank.

Eligibility for Direct Selling Agents (DSAs) for sourcing home loan business

Empanelment of Home Loan Counselors (HLCs)

Should be an approved agent for selling NSCs/Life Insurance Policies (other than those of SBI Life)/Mutual Funds/Govt. Approved valuers/Chartered Accountants/Tax Consultants and Real Estate Brokers may also be considered depending upon the local standing and reputation.

Also, any individual (including a builder‟s representative) who has prior experience
of selling Home Loans, mortgage backed products, auto loans, credit/ debit cards, demat accounts and any other similar financial products may also be empanelled as HLC.

Age above 18 years.

Should be local resident, at least matriculate and able to communicate effectively in local language and English.

Should be having phone facility.

Should operate from his place. Bank will not provide any office.

Remuneration for sourcing Home Loan proposal.

Remunerations payable to HLCs on first disbursal of the Loan, are as under:-(Remuneration is inclusive of Service tax and any other tax,if applicable)

0.25% of the loan amount for limits below Rs. 50 lacs.

0.30% of the loan amount for limits of Rs. 50 lacs and above subject to a maximum of
Rs. 1.00 lac per proposal

For takeover of loan below Rs. 50 lacs : 0.30% of the loan amount.

For takeover of loan Rs. 50 lacs and above : 0.35% of the loan amount subject to a
maximum of Rs. 1.10 lac per proposal.

HLCs sourcing loan proposals above Rs. 5 crore per month: 0.35% of total home loans sourced during the month subject to maximum of Rs. 1.25 lacs per proposal.

Customer service: 1800 425 3800
Answered By StudyChaCha Member
Reply With Quote
Sponsored Links

Other Discussions related to this topic
State Bank Of India Bd
State Bank Of India.UP.Nic.In
State Bank Of India KSA
Transfer Money From Bank Of America To State Bank Of India
All India State Bank of India Staff Federation
CIN No Of State Bank Of India
State Bank Of India Trade Finance Egmore State Bank Of India Egmore Branch Address
State Bank Of India State Owned
State Bank Of India Uid
State Bank of India GPO
Salary of Bank Clerk in State Bank of India
State bank of India Ltd
State Bank of India CTS
What Is Difference Between State Bank Of India And State Bank Of Hyderabad
State Bank Of India Kyc
State Bank Of India Fy12 Results State Bank Of India Fy13 Results
GBP To Inr State Bank Of India
State Bank Of India Bank Clerk Result
State Bank of India in Gzb
State Bank of India bank clerk exam question papers free download

Have a Facebook Account? Ask your Question Here


Forum Jump

All times are GMT +6.5. The time now is 07:00 PM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0 PL2

1 2 3 4 5 6 7 8 9