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01-Oct2016

Arman reduces interest rates for microfinance, two wheeler loans

Arman Financial Services (Arman), a leading Gujarat based non-banking financial company (NBFC), with interests in microfinance and two wheelers loans has reduced interest rate between 110 and 150 bps with effect from October 1, 2016. Interest rates for its microfinance products (managed through its wholly owned subsidiary Namra Finance) will be reduced by 1.10%, while the interest rates for its Two-Wheeler Loan products will be reduced by 1.50%.

Arman Financial Services is a category 'A' non-banking finance company. The main objects of the company consist of providing a wide spectrum of financial services both Fund based and Non Fund Based activities.


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