Multiple banks. Different interest rates. Call it a "conflict of interest".
  • loading

    We found 32 RGVN Microfinance
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 14.49% Fixed
    0 to ₹1,180
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.49% - 21.00% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 20.70% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12.99% - 12.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1,499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.65% - 11.65% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time : Within 30 minutes
    Guarantor Required Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    14% - 33% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 15.99% Fixed
    Up to 0.5%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 17.99% Fixed
    Up to 2.5%
    15L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.75% - 13.75% Fixed
    1% One time fee
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12% - 19% Fixed
    Up to 3% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    RGVN Microfinance is Rated as "Great!" by 87620 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    RGVN Microfinance

    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.

    RVGN Northeast Microfinance Reviews

    • Bank Bazaar Personal Loan
      "Very good response from bank bazar"
      0.5 5.0/5 "Blown Away!"
      Bank bazar provide excellent service very supportive staff , paperless processing, risk free and good support.. . I really appreciate the lovely work they do. The website is good and supportive. I would give Bankbazaar five stars because it is very good to get the loan and credit card and within half an hour or even sooner the team would call back when I place a request. I really appreciate the lovely work they do. The website is good and supportiv
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 22, 2017
    • Bank Bazaar Personal Loan
      "its very use full for every one easily apply "
      0.5 5.0/5 "Blown Away!"
      i am happy with this service of bankbaszar.com team thanks to everyone its easy to apply all finance related and get the information immediately. I would suggest all my friends and family to use bankbazaar . Thanks to all . Once again. Very much happy to use the services of bankbazaar.com.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 22, 2017
    • Bank Bazaar Personal Loan
      "Very good service "
      0.5 5.0/5 "Blown Away!"
      Good response from your team members. I think it will full fill my requiments. I will use it in proper way to clear all my needs. I got a call from your team members in a good manner. They spoke to me very nicely. I am feeling very happy. Thank you..
      Was this review helpful? 0
      , surat
      Reviewed on Nov 22, 2017
    • Bank Bazaar Personal Loan
      "Regarding personal loan"
      0.5 5.0/5 "Blown Away!"
      Very easy method for providing details, Process is also very quick Verification process is also easy Website is providing information about all type of loan also it is impressive, I dont need to go other site . This website give a very easy way of taking any type of loan without tension. I like it so much.
      Was this review helpful? 0
      , rudrapur
      Reviewed on Nov 22, 2017
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar has done a good job for me by contacting me on time and they also processed the details of the customer to the bank on time. There were follow up calls from time to time. The website is good and very much helpful because I could get a view of all the banks.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 22, 2017
    • ICICI Bank Personal Loan
      "Unhappy with the services. "
      0.5 2.0/5 "Expected more"
      ICICI Bank has contacted me initially for the personal loan. They did not collect the documents and after which the bank has rejected the loan without giving me any reason for it. Not sure on the interest rate and processing charges. I am not happy with the is experience.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 22, 2017
    • Bank Bazaar Personal Loan
      "Good website"
      0.5 4.0/5 "Great!"
      I recently used Bankbazaar for my Personal Loan usage and they were great with their communication. They called me up on regular interval and informed me the various options available to me. I was able to check my Credit Score using this website pretty easily.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 22, 2017
    • Citibank Personal Loan
      "Good Communication"
      0.5 4.0/5 "Great!"
      The communication put forth by Citibank in regards to my Personal Loan was good. They called me on regular interval and gave me good amount of informations. Their Rate of Interest of 12.99% is pretty good. They informed me the reason for not getting the Loan, which I was okay with. They are top notch Bank with good communication.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 22, 2017
    • Bank Bazaar Personal Loan
      "Good response"
      0.5 5.0/5 "Blown Away!"
      I got the immediate response from bank bazaar team, after I have applied for the personal loan in bank bazaar website. I have used bank bazaar mobile application to apply for the personal loan .The customer support is prompt in their response part .
      Was this review helpful? 0
      , chittoor
      Reviewed on Nov 22, 2017
    • HDFC Bank Personal Loan
      "Need improvement"
      0.5 1.0/5 "Really Bad"
      The HDFC bank executives promised me that they will send the executive to collect the documents but no came to collect the documents. The customer support is average with HDFC bank. They need to stick on their promises. The service need to be improved with HDFC bank.
      Was this review helpful? 0
      , chittoor
      Reviewed on Nov 22, 2017
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      My experience was quite good with bank bazaar. It is my first time I had used this site. Further I had also submitted the documents online. The mobile interface was quite easy to access and that is the best about this bankbazaar.com site... . .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 22, 2017
    • Bank Bazaar Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I applied for my personal loan process with Bankbazaar.com website which was easy to use the customer service was good, I use to get regular followups regarding my loan process it was totally a wonderful experience with Bankbazaar.com for my personal loan service.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 22, 2017
    • HDFC Bank Personal Loan
      "Special experience"
      0.5 5.0/5 "Blown Away!"
      The experience with HDFC in regards to my Personal Loan was special. They gave me the loan within 1-2 days and the documentation required was minimal. The Rate of Interest offered by them are very nominal too. Their communication was also good with me.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 22, 2017
    • Tata capital Personal Loan
      "Average service"
      0.5 1.0/5 "Really Bad"
      I have not get any response from tata capital for my personal loan service, I did not even receive a call from tata capital executives from the date I applied for my loan process. I am not much happy about the service that I received from tata capital for my personal loan service.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 22, 2017
    • review Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The service from bajaj for my personal loan was very good the interest rate they quoted me was fine they where not needed with much documents as I already have a previous loan from bajaj I submitted only my adhar and cheques during the process it was totally a good experience with bajaj for my personal loan service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 22, 2017
    • HDFC Bank Personal Loan
      "Needs to improve"
      0.5 1.0/5 "Really Bad"
      My personal loan experience was not good with HDFC bank, there are lot of hidden charges and those charges are not informed prior to taking the loan. The loan amount was for 3 lakhs with the rate of interest of 14% which is high when compared to other banks. Document was collected door step and the loan amount was approved within a week. Customer service was not up to the mark, they did not keep their commitments.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 22, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Hdfc bank.The loan amount is one lakh.The rate of interest is 15% low compared to other banks.Tenure is for 3 years.The monthly EMI is 3400,they had deducted processing fees of an amount 500.The net banking service is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 22, 2017
    • Bajaj Finserv Personal Loan
      "Its Best"
      0.5 5.0/5 "Blown Away!"
      I have Bajaj EMI card based on that, they have provided personal loan. My principal amount was Rs. 1 lakh for the tenure of three years, interest rate was quite okay. I am fine with the service they helped to get the disbursement amount within five working days.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 22, 2017
    • HDFC Bank Personal Loan
      "Easy Loan option"
      0.5 5.0/5 "Blown Away!"
      I took the personal loan based on saving account, they offered Rs. 1.5 lakh for the tenure of three years. Interest rate was nominal as per market standard. There was no documentation process, through netbanking I applied and taken instant loan on my account.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 22, 2017
    • Indian Bank Personal Loan
      "Personal loan"
      0.5 1.0/5 "Really Bad"
      As a long time customer with Indian bank for the past 5 years they offered me a personal loan and I also availed the loan as I needed money at that time. It was a quick documentation and the processing time was also so quick to disburse the loan within an hour I got the funds.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 21, 2017
    Common Loader Icon
     Loading your search... Loading your search...
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.