Arohan Financial Services Limited announces a revised lending rate of 20.59% for its flagship loan suite Saral, as well as, its product loan. The change is effective from June 22, 2020 and benefits around 2.3 million customers representing the bottom of the socio-economic pyramid.
The revised lending rate is one of the lowest among NBFC-MFIs and one of the most competitive in the industry, and is in line with the RBI in respect of Margin and Qualifying Assets Ratios. Arohan has a bank loan rating of A- (positive outlook), MFI grading of MF1 from CARE Ratings, a Social Performance grading of SP1 and is Great Place to Work-Certified™, with a ranking among the Top 25 in the BFSI space. This enables the organisation to borrow at significantly lower costs and extend rate benefits to its customers.
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