Arohan Financial Services Limited has announced a lower lending rate of 20.99% for its flagship loan product, Saral, as well as, all its financial and non-financial distribution products with effect from May 1, 2019. This is a 26 bps decrease from the present lending rate of 21.25% which was effective from January 21, 2019. ‘Saral’ currently caters to nearly 18 lakh women customers of Arohan, who are from socio-economically disadvantaged backgrounds across the Low Income States of Eastern, Central and North Eastern India. A CARE MFI 1 grade and an A- bank loan rating, along with a strong financial holding enables Arohan to borrow at significantly lower costs and extend rate benefits to its customers thereby strengthening its patronage among its growing client base. The revised pricing is among the best for any NBFC-MFI in the ten low income states that the company operates in viz. Assam, Bihar, Chhattisgarh, Jharkhand, Meghalaya, Madhya Pradesh, Odisha, Tripura and Uttar Pradesh.
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