Arohan Financial Services (P) Limited announced a lower lending rate of 20.99% for all its products except Premium. In effect from March 1, 2018, this change is a 21 bps cut from the present lending rate of 21.20%. The rate revision will benefit lakhs of new customers of Arohan, over 96% of which are women from socio-economically disadvantaged backgrounds across the Low Income States of Eastern, Central and North Eastern India. The revised pricing is the second-best for any NBFC-MFI in the nine states that the company operates in viz Assam, Bihar, Chattisgarh, Jharkhand, Meghalaya, Odisha, Tripura, Uttar Pradesh and West Bengal.
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