News Details
2017-11-20-10-05-45-lending rate nov 20.jpg

Arohan Financial Services (P) Limited announces a lower lending rate of 22.22% for its flagship loan product, Saral, as well as, all its Cross-Sell products with effect from November 20, 2017. This is a 13 bps cut from the present lending rate of 22.35% which was effective from October 1, 2017. ‘Saral’ currently caters to over 8.25 lakh women customers of Arohan, who are from socio-economically disadvantaged backgrounds across the Low Income States of Eastern, Central and North Eastern India. The cross-sell products, on the other hand, contributes to about 4% of the overall portfolio.

The back-to-back rate cuts have been made possible due to retained lender confidence and lower borrowing costs on the back of an A- credit rating by CARE with a stable outlook, and sufficient capitalization by existing and new investors in the entity, even in the wake of demonetization.

The revised pricing is among the best for any NBFC-MFI in the nine states that the company operates in viz Assam, Bihar, Chattisgarh, Jharkhand, Meghalaya, Odisha, Tripura and Uttar Pradesh.

facebook twitter twitter

Get In Touch

PTI Building, 4th Floor,
DP-9, Sector V, Salt Lake,
Kolkata 700 091

Phone: +91 33 40156000