|
Product Category |
Name of Loan/Product |
Maximum Amount of Loan / Credit Limit /Insurance Coverage |
Term(Months/Week) |
|
Insurance (offered through tie-ups with certain Indian insurance companies) |
Term Life Insurance |
Coverage is equal to loan amount disbursed to customer |
Loan Term |
|
Hospicash |
INR 1,000/ INR 1,500 per day for normal hospitalisation up to 30 days and INR 2,000/ INR 3,000 per day for ICU hospitalisation up to 20 days in a year. Riders include Personal Accident benefit of INR 200,000 including permanent and partial disability. |
24 Months |
|
|
Shopkeeper Insurance |
Sum Insured: (stock - INR 125,000 / INR 150,000; Content - INR 125,000; Burglary - INR 250,000 / INR 275,000) |
24 Months |
|
|
Suraksha Kavach (Mediclaim) |
Sum Insured - INR 50,000, Daily benefit INR 500 daily benefit per day hospitalization with maximum limit up to 10 days in a year for Borrower & Co-Borrower (floater), Personal accident benefit INR 1 lakh |
24 Months |
|
|
Personal Accident Insurance |
Sum insured INR 100,000 / INR 200,000 |
24 Months |
|
|
Loans to Small MFIs * |
Term Loans |
INR 30 Cr |
12-36 Months |
* Penal Charges @ 2.5% is levied on the Borrower as per the T&Cs mentioned in the Term Loan Agreement.
In addition, in order to support customers in the common fight against the global pandemic, Arohan through its partners, is able to provide a COVID-19 related insurance policy to its customers in addition to their regular health insurance. This has been well-received by customers cross all areas of Arohan’s presence.
Our range of financial products is designed to cater to the diverse needs of our customers. As of April 1, 2022,
our minimum, maximum and average interest rates charged on loans can be viewed HERE