Kolkata, January 1, 2021: Arohan Financial Services Limited announces a revised, lower lending rate of 20.10% for its flagship loan suite Saral, as well as, its product loan. The change is effective from January 1, 2021, and benefits over 2.21 million customers, almost 98% of whom are women representing the bottom of the socio-economic pyramid. This comes as a welcome revision to help boost the livelihood activities of the underserved. This has meant that we were able to offer the third lowest average interest rate among the top 10 NBFC-MFIs and the lowest average interest rate among Eastern and North Eastern-based NBFC-MFIs as of September 2020 (Source: CRISIL Report).
Arohan Financial Services Limited has a bank loan rating of A- (stable outlook), MFI grading of MF1 from CARE Ratings, a Social Performance grading of SP1 and is among the Top 100 Best Companies to Work for in India, certified by the Great Place to Work Institute, with a ranking among the Top 25 in the BFSI space and among the top-notch organizations in the Microfinance sector.
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