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  • RGVN Microfinance

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  • We found 17 RVGN Northeast Microfinance
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.25% - 21.45% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Ad 100% PAPERLESS APPROVAL
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 18.99% Fixed
    0.50% - 3.00%
    30L Max
    1-5 Years
    Ad Accelerated Approval
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Customer Reviews
    25.00% - 32.00% Fixed
    3.00% + taxes One time fee
    75K - 5L
    Upto 4 years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    12.99% - 19.75% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    18.00% - 36.00% Fixed
    2% - 3% + taxes One time fee
    1L - 5L
    Upto 5 years
    Only KYC docs required
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    11.99% - 25% Fixed
    3%- 6% One time fee
    25L Max
    1-5 Years
    100% PAPERLESS APPROVAL
    What you'll love
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    Perks
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    Fees & Charges
    Eligibility Criteria
    13% - 30% Fixed
    0 Zero Processing Fee
    2L Max
    0 - 4 Years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.50% - 16.99% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.00% - 16.75% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    16.5%-20% Fixed
    Up to 2% or minimum ₹2,000 (whichever is Max) One time fee
    15L Max
    1-5 Years
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    100% PAPERLESS APPROVAL
    What you'll love
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    23% Fixed
    2% + Taxes
    10L Max
    1 - 2 Years
    What you'll love
    Documents
    Perks
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    Fees & Charges
    Eligibility Criteria

    RGVN Microfinance

    Overview about RGVN Northeast Microfinance

    RGVN Northeast Microfinance group is a registered NBFC, serving the microfinance needs of self-help groups, and entrepreneurs in the northeast region of India. The group facilitates excellent access to healthcare, education, and livelihood opportunities for the local population.

    With its headquarters in Guwahati, the RGVN Northeast Microfinance group is spread over Assam, Meghalaya, Nagaland, Sikkim, and Arunachal Pradesh, and disburses its microfinance initiatives through its 121 offices across these regions. It has one of the best recorded on-time honoured repayment statistics – standing at 99.71%, for a total loan outstanding of Rs.326 crore, disbursed to over 2,57,000 borrowers. This is truly a testament to the borrower-friendly terms on which loans are disbursed, and collected.

    RGVN Northeast Microfinance Loans

    The RGVN microloans are lent to the local population of these north eastern states so that they can meet recurring, obligatory, and one-time expenses like:

    • Money required to pay off bills, etc.
    • Funding investment opportunities.
    • Pioneering the entrepreneurial wave, and funding entrepreneurs.
    • Funding livelihood opportunities through education and establishment of a sustainable production facility.
    • To fund marriages.
    • To fund tuition.

    RGVN Northeast has the following microfinance loan products:

    RGVN Northeast Microfinance Self-Help Groups

    • Loans are disbursed to women who wish to take on small business activities, or agricultural activities, trade, etc.
    • Credit officers survey a designated area for people with the potential and drive to do something productive.
    • Once they identify these people, a group of 10 – 12 members is formed.
    • The group is informed about the loan, its terms and conditions.
    • The group is educated on matters relating to maintaining a savings register, book-keeping, noting down minutes of meetings, and is given other general information on how to run their chosen activity successfully.
    • A group recognition test is conducted within 60 days in order to assess the capabilities of the group and its members (and to determine the right quantum of finance that needs to be disbursed). The test is designed to address the issues of:
      • Mobilizing savings.
      • Group cohesiveness and discipline.
      • Qualitative assessment of leadership.
      • Qualitative assessment of record keeping and accounting ability.
      • Qualitative assessment of the members’ participation.
    • Loans are disbursed through account payee cheques.
    • Maximum ceiling for the 1st cycle is Rs.15,000 per member.
    • Maximum limit of loan is Rs.50,000 per member.
    • Administrative charges are levied at the rate of 1% of the loan amount.
    • Interest rate:
      • Assam: 25% p.a. (does not apply for BTAD area of Assam).
      • Other than Assam: 20% p.a.
    • Loan tenure:
      • Below Rs.15,000 – 1 year.
      • Above Rs.15,000 – 2 years.
    • Upon the successful completion of 3 loan cycles with no dishonoured payments, clients showing entrepreneurial ability will be eligible for the Entrepreneurship Development Loan.

    RGVN Northeast Microfinance Joint Liability Group

    • This is a contract feature that is added to group loans by microfinance companies.
    • Groups of borrowers are individually made liable for each other’s loans.
    • A client profile is created by choosing self-employed women in the fields of poultry raising, animal husbandry, petty trade, handloom craftsmanship, handicrafts, and fisheries.
    • 5-women groups are created with every member being informed of the joint liability and mutually agreeing to it.
    • Eligibility criteria of the women chosen for the group includes:
      • Ability and experience handling funds.
      • Belong to a credit group.
    • The groups have no treasurer or leader.
    • Members agree mutually, to be individually liable to each other.
    • Maximum ceiling for the 1st cycle is Rs.15,000 per member.
    • Maximum loan limit is Rs.50,000 per member.
    • Administrative charges are levied at the rate of 1% of the loan amount.
    • Interest rate:
      • Assam: 25% p.a. (does not apply for BTAD area of Assam).
      • Other than Assam: 20% p.a.
    • Loan tenure:
      • Below Rs.15,000 – 1 year.
      • Above Rs.15,000 – 2 years.
    • Repayment frequency: Fortnightly payments are required to be made towards repaying the loan outstanding.

    RGVN Northeast Microfinance Entrepreneurship Development Loan (Individual Loan)

    • Interested borrowers must satisfy the following requirements in order to fulfil the eligibility criteria:
      • Borrowers under the Self-Help Group (SHG) loan scheme who:
        • have successfully completed three (3) repayment cycles,
        • don’t delay or dishonour repayments,
        • completely fulfil RGVN Northeast Microfinance Ltd.’s terms on repayment,
        • wish to generate or augment an income generating activity on their own
        • are eligible.
      • Borrowers under the Joint Liability Group (JLG) loan scheme who:
        • have successfully completed two (2) repayment cycles,
        • don’t delay or dishonour repayments,
        • completely fulfil RGVN Northeast Microfinance Ltd.’s terms on repayment,
        • wish to generate or augment an income generating activity on their own
        • are eligible.
    • Maximum ceiling for the 1st cycle is Rs.15,000 per member.
    • Maximum loan limit is Rs.50,000 per member.
    • Administrative charges are levied at the rate of 1% of the loan amount.
    • Interest rate:
      • Assam: 25% p.a. (does not apply for BTAD area of Assam).
      • Other than Assam: 20% p.a.
    • Loan tenure:
      • Below Rs.15,000 – 1 year.
      • Above Rs.15,000 – 2 years.
    • Repayment frequency: Fortnightly payments are required to be made towards repaying the loan outstanding.

    RGVN Northeast Microfinance Micro Enterprise Loan (Individual Loan)

    • This loan is targeted at men and women who:
      • Possess definite and proven entrepreneurial skills.
      • Own and operate / wish to own and operate their own income generating enterprise.
    • Maximum ceiling for the 1st cycle is Rs.15,000 per member.
    • Maximum loan limit is Rs.50,000 per member.
    • Administrative charges are levied at the rate of 1% of the loan amount.
    • Interest rate:
      • Assam: 25% p.a. (does not apply for BTAD area of Assam).
      • Other than Assam: 20% p.a.
    • Loan tenure:
      • Below Rs.15,000 – 1 year.
      • Above Rs.15,000 – 2 years.
    • Repayment frequency: Fortnightly payments are required to be made towards repaying the loan outstanding.

    *All amounts, tenures, repayment requirements, interest rates, charges, ceilings, requirements, criteria, exclusions, terms and conditions are as of December, 2015. RGVN Microfinance Northeast reserves the right to modify, replace, or add to or subtract from any of the above, in any way, at any time, and at its own discretion.

        

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    RVGN Northeast Microfinance Reviews

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      "Good Bank"
      0.5 4.0/5 "Great!"
      When I required for the loan I was rejected at the time because I done some adjustment from my end so there is no requirement. But Hdfc bank response is very prompt, they gave me required information but the personal loan rate of interest and charges was quite higher.
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    • HDFC Bank
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      "Good Service"
      0.5 4.0/5 "Great!"
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      , vellore
      Reviewed on Sep 13, 2019
    • HDFC Bank Personal Loan
      "Average Service"
      0.5 4.0/5 "Great!"
      I have applied for personal loan with HDFC Bank through Online .I have not taken this loan since got the loan amount from some other source .The rate of interest was very less and there was callback and proper followup from bank end as well.I have not submitted any documents .
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      , vellore
      Reviewed on Sep 13, 2019
    • Bank Bazaar Personal Loan
      "Very Good Portal"
      0.5 5.0/5 "Blown Away!"
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      Was this review helpful? 1
      , hyderabad
      Reviewed on Sep 13, 2019
    • HDFC Bank Personal Loan
      "Good Bank for personal loan"
      0.5 4.0/5 "Great!"
      Hdfc bank expected higher credit score but at the time of my loan inquiry I was having the score of 680. Hence they told to reapply the loan after six months of time . But their rate of interest is good in HDFC, in future I would like to prefer the same bank for loans.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Sep 13, 2019
    • Bank Bazaar Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My brother asked me to apply loan and credit card on Bankbazaar website. This is my first experience with them. I have been checking credit score on their website. Website is user friendly. Their service is very fast. Customer service is also very good.
      Was this review helpful? 1
      , bhilwara
      Reviewed on Sep 13, 2019
    • HDFC Bank Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
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      , bhilwara
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    • Bank Bazaar Personal Loan
      "Good to go with Bank Bazaar"
      0.5 5.0/5 "Blown Away!"
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      Was this review helpful? 1
      , akola
      Reviewed on Sep 13, 2019
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      "Loan procedure should be more responsive"
      0.5 2.0/5 "Expected more"
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      Was this review helpful? 1
      , akola
      Reviewed on Sep 13, 2019
    • Bank Bazaar Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
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      Was this review helpful? 1
      , surat
      Reviewed on Sep 13, 2019
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      "Its Excellent"
      0.5 5.0/5 "Blown Away!"
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      Was this review helpful? 1
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    • Incred Personal Loan
      "Need to work on the process and interest"
      0.5 4.0/5 "Great!"
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      Was this review helpful? 0
      , bangalore
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    • HDFC Bank Personal Loan
      "Average Service"
      0.5 4.0/5 "Great!"
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    • Axis Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
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      Was this review helpful? 1
      , ahmedabad
      Reviewed on Sep 13, 2019
    • Bank Bazaar Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
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      Was this review helpful? 0
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    • Axis Bank Personal Loan
      "Fast Loan service provider"
      0.5 5.0/5 "Blown Away!"
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      Was this review helpful? 0
      , panipat
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    • Bank Bazaar Personal Loan
      "Good Portal"
      0.5 5.0/5 "Blown Away!"
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      Was this review helpful? 1
      , panipat
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    • HDFC Bank Personal Loan
      "Response should be prompt"
      0.5 1.0/5 "Really Bad"
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      Was this review helpful? 1
      , panipat
      Reviewed on Sep 13, 2019
    • Bank Bazaar Personal Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
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      Was this review helpful? 1
      , akola
      Reviewed on Sep 13, 2019
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      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
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      , akola
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