Arohan Financial Services Limited announces a lending rate revision of 20.69% for its Saral and Product loans with effect from October 1, 2019. This is a decrease from the previous lending rate of 20.79%.
The change is effective for Arohan’s entire bucket of Saral loans along with the suite of product loans which benefits over 2 million customers.
This is in line with the RBI in respect of Margin and Qualifying Assets Ratios. A CARE MFI 1 grading, Social Performance rating of SP1 and an A- (positive outlook) 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.
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