Majorly a Loan DSA partner registration consists of multiple steps; however the same may vary depending on the lender. In general, a simple loan application consists of 4 major steps to be followed; the very first step is the initial pre-qualification process, then comes the loan application which is to be filled & duly submitted. Then the documents are processed and verified by the lender' s team, after which the lender issues a sanction letter or a letter of approval for the same.