Business Loan Agent Guide 2026: Eligibility, Commission Structure,
Registration & Income Potential
Becoming a Business Loan Agent is one of the fastest-growing and most profitable opportunities in India’s financial services ecosystem. With MSMEs, startups,
traders, manufacturers, and self-employed professionals constantly seeking funding, the demand for business loans is at an all-time high.
As First Money, India’s Leading Loan Distribution Company, we bring you this end-to-end Business Loan Agent Guide 2025—covering eligibility, commission structure,
registration process, and income potential—to help you start and scale your career as a successful business loan agent.
Who is a Business Loan Agent?
A Business Loan Agent, also known as a business loan DSA (Direct Selling Agent), acts as a crucial link between borrowers and banks/NBFCs. When customers search
for business loan agents near me, they are looking for professionals who can guide them through the loan process smoothly.
Key Responsibilities of a Business Loan Agent:
Identify business loan requirements
Guide customers on suitable loan products
Assist in documentation and application
Coordinate with lenders till disbursement
With First Money, business loan agents do not need separate tie-ups with individual lenders. One loan DSA registration gives you access to 275+ banks & NBFCs across
India.
Eligibility Criteria to Become a Business Loan Agent
Becoming a business loan agent with First Money is simple, inclusive, and designed for both beginners and experienced professionals.
Citizenship: Must be an Indian citizen.
Age: 25 Years & Above.
Education: No formal qualifications are necessary, as First Money provides training.
CIBIL Score: While not mandatory, a good score enhances credibility.
Language Skills: Familiarity with regional languages is advantageous.
Who Can Apply?
Individual professionals
Existing business loan DSAs
EX- Bankers
Business owners
Financial Analysts
Mutual fund & insurance agents
Chartered Accountants (CAs)
Builders and real estate professionals
If you are looking to start as a business loan agent near you, First Money provides complete onboarding support. Documents Required for Business Loan Agent Registration
To complete your business loan DSA registration, the following documents are required:
Identity Proof: PAN Card, Aadhaar Card, or Passport.
Address Proof: Aadhar Card, Utility bills, Voter ID, or Passport.
Educational Certificates: Proof of your highest qualification.
Proof of Income: Salary Slips (if employed)
Bank Statements (typically last 6 months)
Income Tax Returns (ITR) or Form 16
Photographs: 2 passport-sized photographs.
The loan DSA registration process with First Money is 100% digital and paperless, making it easy for business loan agents across India. Business Loan Products You Can Offer to Your Customers
As a business loan agent with First Money, you can offer:
Working Capital Loans
Term Loan
Overdraft & Cash Credit
MSME Loan
Startup Business Loan
Unsecured Business Loan
Secured Business Loan (LAP-based)
This wide product range helps you close more deals and increase your earnings.
Step 1: Online Business Loan Agent Registration
The journey begins with a fully digital registration process.
Visit FirstMoney.co.in → Become a Partner Page
Fill in the Loan DSA Registration form
Enter your name, mobile number, and email ID
Accept the terms & conditions
Submit the form
Once submitted, your profile is created in the First Money system.
Step 2: KYC Verification & Document Upload
After registration, you complete your Know Your Customer (KYC) process online. Documents Required:
Identity Proof: PAN Card, Aadhaar Card, or Passport.
Address Proof: Aadhar Card, Utility bills, Voter ID, or Passport.
Educational Certificates: Proof of your highest qualification.
Proof of Income: Salary Slips (if employed)
Bank Statements (typically last 6 months)
Income Tax Returns (ITR) or Form 16
Photographs: 2 Passport-sized photographs.
📌 All documents are uploaded digitally through the app or portal.
The First Money onboarding team verifies your KYC quickly to ensure:
Step 3: Agent Onboarding & Profile Activation
Once KYC is approved:
Your Business Loan Agent profile is activated
You receive access credentials to the Ruconnect App
You are officially onboarded as a First Money Business Loan Agent
At this stage, you are authorized to:
Source business loan leads
Login cases with multiple banks & NBFCs
Track applications in real time
Step 4: Product & Credit Policy Training
First Money provides structured training and support, even if you are new to the loan industry.
What You Learn:
Business loan product types (secured & unsecured)
Eligibility criteria for different lenders
Credit score & financial assessment basics
Required documents for business loans
Common rejection reasons and how to avoid them
This training helps you:
Convert leads faster
Submit accurate applications
Build long-term client trust
Step 5: Access to 275+ Banks & NBFCs
After onboarding, you get single-window access to:
Private banks
PSU banks
NBFCs
Fintech lenders
Instead of registering separately with each bank, one First Money registration gives you access to 275+ lending partners, allowing you to:
Compare lender offers
Choose the best option for your client
Improve approval and disbursement chances
Step 6: Lead Generation & Client Acquisition
Now you can start sourcing business loan customers through:
Existing business networks
CA & consultant referrals
MSME owners & traders
Real estate & property channels
Digital marketing or local outreach
You act as a financial advisor, understanding the borrower’s needs and matching them with the right lender.
Step 7: Case Login & Documentation Support
Once you receive a client:
Collect required financial and business documents
Login the case through the Ruconnect App
Select the most suitable bank/NBFC
First Money’ internal credit and operations team supports you with:
File structuring
Credit policy alignment
Bank coordination
This significantly improves approval speed and success rate.
Step 8: Application Tracking & Bank Coordination
After case login, you can:
Track loan application status in real time
Receive updates on queries, approvals, or rejections
Coordinate with banks for additional requirements
The centralized system ensures complete transparency at every stage of the loan journey.
Step 9: Loan Approval & Disbursement
Once the lender approves the case:
The offer letter is issued
Client completes final documentation
Loan amount is disbursed directly to the borrower
You stay involved till final disbursement, ensuring a smooth experience for the client.
Step 10: Commission (Payout) & Earnings
After successful disbursement:
Your commission is calculated based on the agreed payout structure
Payouts are processed on time and transparently
Earnings are visible in your agent dashboard
💰 No hidden deductions. No payout delays.
As you grow your volume, you unlock:
Higher commission slabs
Priority support
Better lender access
Business Loan Agent Commission Structure in 2025
One of the biggest attractions of becoming a business loan agent is the commission payout.
Typical Commission Range
0.75% to 2% of the disbursed loan amount
Higher payouts for large-ticket and secured loan
Example:
₹50 lakh business loan × 1% commission = ₹50,000 payout
₹1 crore loan × 1.5% commission = ₹1,50,000 payout
With First Money, commissions are transparent and paid on time, helping agents build trust and long-term income.
Final Words!
Becoming a Business Loan Agent in 2025 is a smart, scalable, and future-ready career option. With rising demand for business loan agents near me, minimal investment, and unlimited income potential, this opportunity is ideal for long-term growth in financial services.
By completing your loan DSA registration with Ruloans, you gain access to India’s largest lender network, advanced digital tools, and one of the most competitive DSA commission for business loan structures in the industry.
👉 Start your Business Loan Agent Registration today with First Money and turn opportunities into income.