IOB Recruitment 2022 for Direct Selling Agents or Loan Counselor Notification Apply Online 1 Job Vacancy 01 July 2022

Qualification Details:

Empanelment Of Direct Selling Agents/ Loan Counselors

a. Indian Overseas Bank is soliciting application for Empanelling Direct Selling Agents (DSAs) for sourcing Home Loan& Vehicle Loan proposals. The DSAs will be expected to canvass Home loan/Vehicle loan business and submit loan applications of the prospective applicants to Bank.

b. Empanelled DSAs will not be the employees of the Bank and will be paid payout, as per Bank policy for mobilizing business. Empanelment and termination of DSA/Loan Counsellors will be at the sole discretion of the Bank.

c. Empanelment will be valid for 6 months from the date of agreement and further extension or otherwise is at the sole discretion of the Bank. Bank has the right to terminate the services of DSAs at any time before expiry of the period.

1. Position: Direct Selling Agents/ Loan Counselors

2. The Period of this Agreement will be initially for 2 years from the date of this agreement. However, at the sole discretion of the Bank, based on the performance of the DSA, it may further be extended as determined by the Bank.

3. Performance of DSA will be reviewed on a quarterly basis based on their monthly canvassing of Housing Loans and meeting their minimum business requirements.

4. The DSA declares that:

• He/She is a citizen of India.
• Proprietorship/partnership/company registered in India.
• He/ She is the principal person.
• He / She possessing sound knowledge about financial products available in market especially Housing Loans of aged above 18 years and less than 68 years.
• DSA should be physically and mentally fit and capable to canvass business.
• He/She is a graduate (10+2+3), local resident and having proficiency in
• local language and English.
• Shall operate from his /her / its own place / house / office located at & knowing that Bank will not provide any space / infrastructure/ phone facility/ reimbursement of any expenses, for the purpose.
• He/ She/ it will not canvas or do any service under this agreement with any customer in the premises of the Bank without the written consent of the Bank.
• Should have mobile phone facility in his / her / its own name and such expenses should be borne by them only

5. Kindly refer to the Official Notification