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  • RGVN Microfinance

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  • We found 18 RVGN Northeast Microfinance
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    PA PL OTP
    10.75% - 21.50% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Ad 100% PAPERLESS APPROVAL
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    Customer Reviews
    10.50% - 17.99% Fixed
    0.50% - 3.00%
    30L Max
    1-5 Years
    Ad Accelerated Approval
    What you'll love
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    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
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    Fees & Charges
    Eligibility Criteria
    11.25% - 14.49% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    100% PAPERLESS APPROVAL
    What you'll love
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    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
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    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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    13% - 30% Fixed
    0 Zero Processing Fee
    2L Max
    0 - 4 Years
    What you'll love
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    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
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    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
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    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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    18% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    100% PAPERLESS APPROVAL
    What you'll love
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    Perks
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    Fees & Charges
    Eligibility Criteria
    17.00% - 26.00% Fixed
    2% + Taxes
    20L Max
    0.5 - 4 Years
    What you'll love
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    Perks
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    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

    • HDFC Bank Personal Loan
      "Need to reduce processing time"
      0.5 2.0/5 "Expected more"
      I applied for HDFC BANK personal loan through online and I uploaded the documents. The process was very slow and it took almost a month for disbursement. Bank executive came after 1 week for the verification. They need to reduce the processing time. I have taken a loan amount of 1.5L with the 21% interest rate.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jan 17, 2020
    • Kotak
      Kotak Personal Loan
      "Need to reduce processing time"
      0.5 5.0/5 "Blown Away!"
      I applied for kotak personal loan through online. It took around 15 to 20 days for the loan disbursement, processing time should be reduced from bank. I have taken a loan amount of 1 Lakhs, rate of interest is slightly high. The pre closure charges are applied if I close before 1 year.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jan 17, 2020
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have availed personal loan through Axis Bank.The rate of interest and the processing fee was very less,This loan got sanctioned on time without any delay.I am paying the premium through auto debit system .Everything is good on this so far.There was no difficulties faced so far ,I am satisfied with the service .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 17, 2020
    • HDFC Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The rate of interest is too high compared with other bank in HDFC. I have opted for loan amount of 2L with the rate of interest 14%. The processing fee was fine. I applied the loan through online, I received the verification call and further executive collected the documents from me. It took a week to disburse the loan amount.
      Was this review helpful? 0
      , goa
      Reviewed on Jan 17, 2020
    • HDFC Bank Personal Loan
      "Easy loan approval"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from HDFC and the loan amount was Rs. 1,50,000. The rate of interest was 10.75% i am so happy with the interest and there is no pre closure charges. I have taken a tenure period of 3 years and i am paying EMI of Rs. 8900. I applied this loan directly through bank and also service was good.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 17, 2020
    • review Personal Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      I received the call from BAJAJ stating there was a pre approved personal loan, it got processed with in 2 days. I have opted for loan amount of more than 2 lakhs with the rate of interest 10.5% which is less. Processing fee is slightly higher it can be reduced.
      Was this review helpful? 0
      , goa
      Reviewed on Jan 17, 2020
    • Incred Personal Loan
      "Good Loan Service"
      0.5 4.0/5 "Great!"
      I can get the loan easily from Incred so that i availed the loan with them. So far i purchased the loan twice with the amount of Rs. 1 lakh and Rs. 60000. They have provided me a interest rate of 32% per annum which is heavy hence I'm not satisfied with it. I have selected the tenure period of 2 years and i am paying the EMI amount of Rs. 8900 every month.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2020
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I applied for HDFC BANK personal loan through online. I submitted the documents to bank executive, It took around 15 to 20 days for disbursement, the processing time need to be reduced. I have taken a loan amount of 1 lakhs with 12% rate of interest.
      Was this review helpful? 0
      , delhi
      Reviewed on Jan 17, 2020
    • HDFC Bank Personal Loan
      "Very Good Loan service"
      0.5 5.0/5 "Blown Away!"
      I have got a opportunity to take the personal loan from Home credit and i got the very less rate of interest hence I'm satisfied with the loan. Based on my previous records they have provided me a personal loan hence i don't submit any documents and the process is not that much long. They have taken my photograph which mandatory to check with the Aadhar card once i have sent the same, i have got the money in the same evening.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 17, 2020
    • Incred Personal Loan
      "Quite good loan service"
      0.5 4.0/5 "Great!"
      Interest rate is too high in Incred as compared to other financial institutions. That particular time when i need a money i found this is a best service so that i have selected Incred for my personal loan. They have provided me a interest rate of 26%. I have been paying the EMI amount of Rs. 3293 for the duration of 3 years. If they are upgrading the app, it would be fine. They haven't informed me about the cheque bouncing charges when my bank account doesn't have enough money at the time of taking the EMI amount through ECS. When i called the customer care, they said i can pay only EMI amount without any additional charges.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 17, 2020
    • Incred Personal Loan
      "Need to improve services"
      0.5 3.0/5 "Satisfactory"
      I applied for home credit personal loan through online. I have taken a loan amount of 50K. The rate of interest was moderate. Bank executive insisted me to pay via mobile application, but i can't do the payments via mobile application as options are unavailable. Bank need to improve the customer service according to me.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 17, 2020
    • HDFC Bank Personal Loan
      "Need to decrease the rate of interest"
      0.5 4.0/5 "Great!"
      My personal loan was purchased from HDFC and the loan amount was 7.50L and the tenure was 5 years and paying EMI of 16k. Interest rate is high so i am not happy . They have sanctioned the loan in pretty quickly, it was Diwali time i received within 2 working days.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Jan 17, 2020
    • HDFC Bank Personal Loan
      "Easy loan approval"
      0.5 5.0/5 "Blown Away!"
      From HDFC, I have taken a personal loan. The loan amount was Rs. 3,00,000 and the rate of interest was 12%, it is high need to decrease the interest rate, Its a quick process. Customer service and responsiveness was good and it is a recommendable bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2020
    • review Personal Loan
      "Excellent Loan Service"
      0.5 5.0/5 "Blown Away!"
      Chosen my flexi loan from Bajaj Finance because the person called me from Bajaj Finance and he has convinced me. Interest rates are little bit higher when i compared to others. Processing fee was little bit expensive to the customer. Within 1 week they have processed all the things for this loan.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 17, 2020
    • HDFC Bank Personal Loan
      "Best "
      0.5 5.0/5 "Blown Away!"
      I have availed HDFC Bank personal loan for marriage purpose.I have chosen this bank since banking service was good .This loan was sanctioned on appropriate time frame without any drawbacks,There will be a penalty if premium is paid on delay basis.The rate of interest was high since had requirement taken this loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 17, 2020
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken personal loan through ICICI Bank .The rate of interest and the processing fee was 11.25% it was nominal,The loan got sanctioned on time ,Everything is good on this credit card so far.There was proper acknowledgement from bank end .I am paying the EMI on time without any delay.
      Was this review helpful? 0
      , jaipur
      Reviewed on Jan 17, 2020
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan through Indusind bank.The rate of interest and the processing fee was very high .Since have requirement taken this loan. Still this loan is active and paying the premium on EMI basis ,If i am paying the premium on delay basis there is no extra charges.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jan 17, 2020
    • HDFC Bank Personal Loan
      "Easy loan approval "
      0.5 3.0/5 "Satisfactory"
      I have taken personal loan from HDFC BANK through online. The rate of interest was high since had requirement taken this loan 18%. I have submitted the required documents through online .The loan amount got sanctioned on time without any delay and the loan amount was Rs. 3lakhs and the tenure of 4 years and also there is a preclosure charges after 1 year.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 17, 2020
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I have taken personal loan through ICICI Bank directly .The rate of interest was quite nominal and this loan was taken for my personal use only. I am paying the premium on EMI basis through auto debit system.I have submitted my documents through agent.The service was good and satisfied so far according to my experience.
      Was this review helpful? 0
      , kochi
      Reviewed on Jan 16, 2020
    • ICICI Bank Personal Loan
      "Very faster loan service"
      0.5 5.0/5 "Blown Away!"
      1.5 years before, i purchased the personal loan from ICICI. I'm account holder of ICICI bank from last 15 years so that i took the loan from the same bank. They have given me a interest rate of 14%. My tenure period is 36 months and i pay the EMI amount of Rs. 6743. They took 4 to 5 days to provide this loan. I didn't provide any documents to avail this loan.
      Was this review helpful? 0
      , jaipur
      Reviewed on Jan 16, 2020
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