Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 33 RGVN Microfinance
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 17.99% Fixed
    0 Bankbazaar Exclusive
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
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    11.49% - 18.25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    14.99% - 14.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    15.75%-19% Fixed
    Up to 2% or minimum ₹2,000 (whichever is Max) One time fee
    15L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher
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    11.00% - 18.25% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    10.99% - 21.25% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    Customer Reviews
    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    10.99% - 18.15% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    11.50% - 14.50% Fixed
    1%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
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    Customer Reviews
    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    RGVN Microfinance is Rated as "Great!" by 97069 Users

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    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

    • Capital First Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The experience with this loan has been not that great. The interest rate with them has been very high when compared with the market rate, and there has been some additional charges which they had made. There has also been processing fee and insurance charges made as well.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 13, 2018
    • SBI Personal Loan
      "Interest rate should be reduced"
      0.5 3.0/5 "Satisfactory"
      My sbi loan was closed the overall experience was good, they were taken too much of interest on the principal amount. The SBI service is good they have sanctioned my loan very faster, it would be nice if the bank reduced the interest for the loan. Anyway I got NOC letter at last.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 13, 2018
    • HDFC Bank Personal Loan
      "This loan fulfills my requirements"
      0.5 5.0/5 "Blown Away!"
      One month before i have applied the personal loan with HDFC since I'm holding a salary account. I have applied the loan amount of Rs. 3 lakhs and they have sanctioned the same. I have been paying the EMI of rs. 8550. I make the payment through ECS. Total tenure period of the loan is 4 years. They have provided me a interest rate of 14%
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 13, 2018
    • Citibank Personal Loan
      "High Interest rate"
      0.5 3.0/5 "Satisfactory"
      I was looking for a personal loan and applied for it with Citibank. Well my application was considered ,taken care and was processed on time. This is my first loan with Citibank. The interest rates which i have on my loan is bit high and i would be happy if it comes down. Apart from the interest rates, the services are good.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 13, 2018
    • HDFC Bank Personal Loan
      "Good Financial service"
      0.5 4.0/5 "Great!"
      I Have taken personal loan from the Hdfc bank , they have given good rate of interest which is satisfactory . There are nominal charges for the processing for approval and documentation . Am satisfied with the customer service as they have explained the terms and condition for the loan . But we are unable to pre close the loan with in the year.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 13, 2018
    • Axis Bank Personal Loan
      "Best Financial Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from axis bank . The rate of interest is promising one which is based on the market value I make the payments through Ecs . They did instant approval for documentation and approval with in 1 days with nominal 2 % of processing fees .Am satisfied with their customer service and response
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 13, 2018
    • Bajaj Finserv Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      Bajaj finance is not giving that much good service for the financial service , where i have been trying to pre close my loan , where they have given high rate of interest with processing fees of 2% . I had to do follow ups for in order to receive the Noc .
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 13, 2018
    • SBI Personal Loan
      "Good loan service"
      0.5 4.0/5 "Great!"
      I had a personal loan with State bank of India. I have never called any other customer care regarding the loan. According to my transaction and eligibility they have offered me a loan amount which is more than my expectation. I applied the loan amount of Rs. 6 lakhs and they have offered me around of Rs. 7.5 lakhs. I closed the loan in May 2016.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 13, 2018
    • IndusInd Bank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have taken personal loan from the Indusind bank which is instant approval and documentation . Am not that much satisfied with the rate of interest which they have provided . They charged more for processing fees with the tenure period .Their customer service and response is not good .
      Was this review helpful? 0
      , faridabad
      Reviewed on Dec 13, 2018
    • Aditya Birla Finance Personal Loan
      "Not satisfied with Customer Service"
      0.5 1.0/5 "Really Bad"
      Got my personal loan from adithya birla, as the rate of interest is very high one . Making the payments through Ecs . Got approved as instant approval process. There is high processing fees for the personal loan with good tenure period . But there is too many charges for the card . Their customer service and response is not good regarding personal loan.
      Was this review helpful? 0
      , faridabad
      Reviewed on Dec 13, 2018
    • Bank of Maharashtra Personal Loan
      "Better loan for me"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with Bank of Maharastra. I got the loan amount of Rs. 50000. 1 year before i bought the loan with the interest rate of 7.5% and I'm happy about that. There was no processing fee. I used to pay the EMI of Rs. 2000 and i have selected the tenure period of 3 years and i make the payment through ECS. I pay on time every time.
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 13, 2018
    • Tata capital Personal Loan
      "Good in Service"
      0.5 4.0/5 "Great!"
      I was looking for a personal loan and randomly i went for Tata Capital bank. This is my second time with Tata Capital and i am aware of services. This time the interest rates which i have for my loan is bit high and i would be happy if the interest rates comes down.
      Was this review helpful? 1
      , pune
      Reviewed on Dec 13, 2018
    • ICICI Bank Personal Loan
      "Excellent loan experience"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with ICICI since the service has been good i have chosen this bank. They have offered me a interest rate of 10% and the processing fee also nominal. I got the loan amount of Rs. 10 lakhs. I have been paying the EMI of Rs. 26000 for 5 years tenure period. Last February i bought this policy. Overall the loan process was smooth.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 13, 2018
    • Bank Bazaar Personal Loan
      "More than satisfactory"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is good and there are no hassles in the process. They been on time to give me the details. There were follow up calls too. The website is good and it is easy to use and understand. The customer support and response is satisfactory overall.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Dec 13, 2018
    • IndusInd Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I bank with Indusind Bank for the personal loan. It was a smooth process and I received the loan around eight days. I had request for five lakhs and after which I chose a loan of 4.25 Lakhs due to the emi duration. The interest rate is of 12% and the processing fee is zero.
      Was this review helpful? 1
      , chandigarh
      Reviewed on Dec 13, 2018
    • Bank Bazaar Personal Loan
      "More than satisfactory"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is very good in the customer services and they contacted me on time and informed me the details. The website is also good and it is informative and easy to understand. I had no hassles to apply for a loan. Overall good and a timely service.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 13, 2018
    • Tata capital Personal Loan
      "Good. Can be better"
      0.5 4.0/5 "Great!"
      My personal loan is with Tata capital. There was a delay in the process. I got the loan in 15 days. The customer support and response is good, but they can be more sooner. The interest rate is of 11.49% with a zero processing fee. I needed a loan of two lakhs and I received only one lakh.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 13, 2018
    • Bank Bazaar Personal Loan
      "More than satisfactory"
      0.5 5.0/5 "Blown Away!"
      It was a very good interaction with Bankbazaar and they have done a very good follow up through the process. The website is also good and it is easy compare the various banks and choose the right one. The team was on time as well to give me all the details.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 13, 2018
    • IndusInd Bank Personal Loan
      "Process can be more sooner and charges low"
      0.5 4.0/5 "Great!"
      I had taken my personal loan from Indusind Bank. It took time as they delayed initially to contact me and I had to follow up. After which the documents was collected and once that was done it took them another week to get the loan. The whole process took three weeks. The rate of interest is around 12%. There was no processing fee but they have taken 2500 for the insurance.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 13, 2018
    • Bank Bazaar Personal Loan
      "Good Webstie for banking needs"
      0.5 4.0/5 "Great!"
      I am happy with Bank Bazaar what ever they have committed it was delivered it completely digital its fine. First time I am using this site the mobile application is convenient, the customer service is good they have helped on the application process.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 13, 2018
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