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Arohan announces a revised lending rate W.E.F November 21, 2018, third-best among NBFC-MFIs

Arohan Financial Services Limited announces a lending rate revision of 20.75% for its flagship loan product, Saral with effect from November 21, 2018. This is a 5 bps increase from the previous lending rate of 20.70%. This is in line with the RBI in respect of Margin and Qualifying Assets Ratios. A CARE MFI 1 grading and an A- bank loan rating, along with a strong financial holding enable Arohan to borrow at significantly lower costs and extend rate benefits to its customers thereby strengthening its patronage among its growing client base. Even with a 5 bps increase, the revised pricing is one of the best among NBFC-MFIs. The organisation is operational in ten low-income states viz. Assam, Bihar, Chattisgarh, Jharkhand, Odisha, Madhya Pradesh, Meghalaya, Tripura, Uttar Pradesh and West Bengal.

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