| Arohan Business Loan Highlights |
|
| Interest rate | 24% to 26% p.a. |
| Loan amount | Up to Rs 1,50,000 |
| Repayment tenure | Up to 2 years 6 months |
Note: Interest Rates as of 15th April 2024
Table of Contents
Arohan Business Loan Interest Rates
The business loan interest rates offered by Arohan on its loan schemes are as follows:
| Arohan Saral Loan | 24.50% p.a. |
| Arohan Bazaar Loan | 26% p.a. |
| Arohan Privilege Digital Lending | 24% p.a. |
Fees and Charges of Arohan Business Loan
Processing fee
| Arohan Privilege Digital Lending | 0.50% |
Types of Arohan Business Loans
Arohan Saral
- Purpose: Arohan provides Saral loans to groups of 3 to 5 women residing in low-income areas and involved in trade & services. The lender disburses these loans using the joint liability group (JLG) model.
- Interest: 24.50%
- Amount: Rs 25,000 to Rs 75,000
- Tenure: 2 years to 30 months
Arohan Bazaar
- Purpose: Small traders and micro-entrepreneurs can avail Arohan Bazaar loan to meet their working capital requirements.
- Interest: 26%
- Amount: Rs 25,000 to Rs 1,50,000
- Tenure: 18 months to 2 years
Cross-Sell Products
- Purpose: Arohan Financial Services offers cross-sell products like smartphone, cycle, etc. to its customers through an in-house mobile application-apnaArohan, under the section “ApnaBazaar.” Borrowers can download the app and check the products available at their locations, place orders and find the estimated delivery times.
- Amount: Up to the value of active primary loan disbursement amount associated with the customer in any given cycle
- Tenure: 3 months to 2 years
Arohan Privilege Digital Lending
- Purpose: Arohan Financial Services offers instant loans to microfinance customers under its ‘ArohanPrivilege Digital Lending’ facility. Applicants can apply for this loan facility through ApnaArohan app.
- Interest: 24%
- Amount: Rs 5,000 to Rs 75,000
- Tenure: 5 months to 2 years
Arohan Business Loan Eligibility Criteria
The eligibility criteria for business loans offered by Arohan Financial services are as follows:
Eligibility Criteria for Arohan Bazaar
- Clusters of shops organised under Traders’ Associations
- Small trading and micro enterprises owners
Eligibility Criteria for Arohan Privilege Digital Lending
This loan facility is offered to microfinance customers residing in the states of Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Odisha, Uttar Pradesh and West Bengal.
Documents Required for Arohan Business Loan
Arohan Financial Services has not disclosed the documents required for availing its business loan. However, many lenders require proof of identity, address, business and list of financial statements as business loan documents from its borrowers.