Bajaj Finserv is one of the most well-known non-banking financial institutions in the country. It helps people with all kinds of loans, whether that is for business, renovating or making a new home, or for any other purpose. But that is not the only thing it does. Bajaj Finserv also provides a platform for people to become loan partners. As a partner, it is your responsibility to guide customers on their journey to get whichever loan they need.
This financial advisory role gives people an opportunity to use their knowledge and guide customers in getting the best loan offer possible. At the same time, it also provides the partners with a lot of benefits. Let us find out about these benefits to see how it is lucrative for you to partner with Bajaj Finserv.
Benefits of delivering independent financial advisory services with Bajaj Finserv
Here are some of the unparalleled advantages that you can get by becoming a partner with Bajaj.
1. Great commissions: As you help more and more borrowers find the funding they are looking for, you will attract commissions or incentives. These are paid when you perform incredibly well, and they are a top-up with your regular payout. So, becoming an agent opens financial doors for both you and the borrowers.
2. Quick processing: As a partner delivering financial advisory services, you can submit your customer’s application and documents to get them processed quickly. This ensures a quick and seamless experience for both you and the client, and it also saves a lot of time when you can focus on your other customers.
3. Cross sell products: Bajaj Finserv provides a great opportunity to earn more money by checking the pre-approved loan offers for your customers and cross-selling the products. This will benefit the borrowers while ensuring that you are compensated well for your efforts.
4. Strong partner support: The journey of becoming a good independent financial advisory partner means that you could have some queries along the way. You can reach out to Bajaj Finserv’s representatives digitally to get those confusions sorted out. You can also explore their FAQ section that presents answers to all sorts of questions. If these FAQs do not help with your confusion, then you can get in touch with the representatives to get a direct explanation.
5. Quick loan disbursal: As a partner, you can ensure that people get the finances they need really quickly. Not only can you get their applications approved quickly, but even the disbursal of funds can be made just as fast. But this applies primarily to pre-approved loan offers and eligible cases.
6. Awards and recognition: Partnering with Bajaj Finserv and performing well at your job means getting awarded and recognised for your efforts. This recognition comes for the top performers of the partner network, and anyone who has given their best can be eligible for it.
How to be a financial advisory partner with Bajaj Finserv
You can partner with Bajaj Finserv by meeting its eligibility requirements.
Here is a list of entities that can be a partner and start delivering their services to those in need:
- Trust
- Hindu Undivided Families (HUF)
- Limited Liability Partnerships (LLP)
- Company
- Partnership
- Proprietor
- Association of Person
- Body of Individuals
- Individual
If you are any one of these entities or individuals, then you can check the following eligibility requirements to see whether you can be the next Bajaj Finserv partner:
- You should be an Indian national to become a partner
- The age needs to be at least 18 years
- The applicant or their family cannot be an off-roll or on-roll employee of Bajaj Finance Limited
- The application should also have a valid KYC
Step-by-step process for becoming a financial advisory partner
Once you meet the eligibility requirements, you can start the registration process with Bajaj Finserv. The process is slightly different for individuals and non-individuals. Follow the steps below to become a partner with Bajaj Finserv:
Step 1: Start by entering your mobile number, product type, residential code, and the business you want to enrol with.
Step 2: If you were referred by an existing partner or employee from Bajaj Finserv, click on “Yes” when you are asked, “Are you being assisted?”.
Step 3: Fill in the referrer’s partner code or employee ID and their email address.
Step 4: Enter the dealer code or market type.
Step 5: Agree to the terms and conditions and privacy terms before you trigger the OTP button.
Step 6: Enter the OTP in the verification pop-up and submit it.
Step 7: Fill in your profile and bank details, along with uploading the necessary documents.
Step 8: Accept the agreement and verify with the OTP again.
The steps to becoming an independent financial advisory partner for non-individuals are almost similar. However, you will have to fill in your business-related information. Remember that upon accepting the agreement, you become a Bajaj partner for three years. You must read the terms and conditions thoroughly before accepting it.
Conclusion
Becoming a Bajaj Finserv partner is a great way of earning an income while helping people with your financial acumen. At the same time, you should also have certain soft skills to guide people better.
As a partner, you are expected to perform your best and will be compensated for your stellar efforts. As your reputation grows, more customers will prefer you, leading to higher earnings.