Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 RGVN Microfinance
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    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 Ad Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 19.8% 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
    13.99% - 16.99% 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
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    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
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    Perks
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    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
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    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
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    Perks
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    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
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    Customer Reviews
    RGVN Microfinance is Rated as "Great!" by 83725 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

    • Axis Bank Personal Loan
      "not bad"
      0.5 4.0/5 "Great!"
      I have my personal loan with AXIS bank which was taken few months back. The loan amount was 3 lakhs and the rate of interest was 18% which was very high than other banks. The EMI period was 64 months . The customer service and responses was good. I am satisfied with the loan process also.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 16, 2017
    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      The HDFC was good with their customer service as i took a personal loan from them . The rate of interest they provided was 10.5% and with zero processing fee they gave me a option of pre closure without any penalty charges that is one thing i liked about them . I took the loan this year 2017 i would say its a good experience .
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 16, 2017
    • Bank Bazaar Personal Loan
      "Satisfactory services"
      0.5 4.0/5 "Great!"
      I had no hassles at Bankbazaar, they were supportive and there were no issues in them communicating the details to me. The website is also good and informative and the process is easy to register and understand and there were follow up calls too.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 16, 2017
    • HDFC Bank Personal Loan
      "Not satisfied"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with HDFC bank 4 years back. The loan amount was 2.30 lakhs and the rate of interest was 18% which was very high than ICICI bank. The EMI period was 4 years. They didn't provide door step service for the documentation collection and the processing fee was 4,200 which is high and not satisfied.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 16, 2017
    • Citibank Personal Loan
      "Good services"
      0.5 4.0/5 "Great!"
      The experience at Citibank is good for the personal loan as they contacted me on time and informed the details. I did not go ahead as I changed plans. The rate of interest and processing charges was normal and in all it was a good and without any inconvenience.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 16, 2017
    • ICICI Bank Personal Loan
      "Dissatisfed"
      0.5 1.0/5 "Really Bad"
      ICICI interest rate was very high for the personal loan, I have taken the amount 3.6 lakhs for the interest rate of Rs. 12.5% of interest it was huge and also they taken around Rs.10,000 as a processing fee. I am disappointed with them on charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 16, 2017
    • Axis Bank Personal Loan
      "Average exeperience"
      0.5 3.0/5 "Satisfactory"
      The Axis bank has disbursed my loan amount within a week time. The required loan amount has been disbursed and I am satisfied with the loan amount. The axis bank customer support is average , The rate interest and the charges are nominal with axis bank when compared with others.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • Bank Bazaar Personal Loan
      "Good overall"
      0.5 4.0/5 "Great!"
      The services at Bankbazaar was good. They contacted me on time and they informed me the details as well. The website is also good and easy to access. I also receive the promotional emails which is helpful. But it would be better if the team checks with the bank if they have a paper less process and then submit the customer application.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • Kotak Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I had applied for a personal loan with Kotak Mahindra bank as I was told that it is a paper less process. But finally the executive contacted me and requested me to submit the hard copies of my paper work. So I cancelled my application as I am not happy with the bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • Bank Bazaar Personal Loan
      "Good response and user friendly"
      0.5 4.0/5 "Great!"
      I am satisfied with the service of bank bazaar. I got a call from them and they responded on time. Previously my home loan was taken through bank bazaar, The website is very easy to navigate. I do use EMI calculator for the calcualtion purpose.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 16, 2017
    • Citibank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      Citibank was good in the response as they contacted me on time after I applied for a personal loan, The expected loan amount was sanctioned on time, The rate of interest was not satisfacatory becasue other bankers are doing less than 11%. For preclosure they charge 3%.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 16, 2017
    • Citibank Personal Loan
      "Hassle free"
      0.5 5.0/5 "Blown Away!"
      I had personal loan with CITI bank, I like their processing and paper less documentation process. CITI interest rate was nominal, I took the amount of Rs.5 lakhs for the tenure of three years. They gave me pre closure and part payment without any charges.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 16, 2017
    • Bank Bazaar Personal Loan
      "Bankbazaar was good"
      0.5 5.0/5 "Blown Away!"
      Experience I had with Bankbazaar was awesome. The option I got for the Personal Loan that I applied was enormous. I was getting constant updates about the various offers that I was eligible for. I also felt the options were sent to me on timely manner.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • Kotak Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I found the experience with Kotak Mahindra Bank to be very satisfactory. The rate of Interest of 14.49 % sounded reasonable and was something I found on par with the market standard. Also the process for the completion of the application was quick.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • Bank Bazaar Personal Loan
      "Good overall"
      0.5 4.0/5 "Great!"
      The services at Bankbazaar is good and there are no hassles. It was a smooth experience because I was contacted on time and the whole process was timely. The website is also good and easy to use and understand. It is very much informative and useful.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 16, 2017
    • Tata capital Personal Loan
      "Average experience"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan from Tata capital. It was a neutral experience and I had requested for three lakhs and I finally got only two lakhs due to the credit norms. The documentation and process was on time and the rate of interest was of 12% and the processing charges was also average.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 16, 2017
    • Axis Bank Personal Loan
      "Unhappy with the services"
      0.5 1.0/5 "Really Bad"
      I been a customer for six years at Axis Bank and I been approaching the bank for the last three months for a personal loan. The bank has not been flexible in providing me the loan and I have to approach the other banks for the same. It has not been a good experience.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Oct 16, 2017
    • Bank Bazaar Personal Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      The services at Bankbazaar is good and the experience is fine. There has been no hassles in the process as they were on time to contact me and process my details to the bank. The website is also good and easy to understand. But it would be better if the details of the bank matches the information on the site.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Oct 16, 2017
    • Bank Bazaar Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar people called on the same day when I submitted my personal loan application through Bank Bazaar and the customer support person who spoke with me explained the process in detail very clearly. Their website is quite user friendly and easy to access.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 16, 2017
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I got my personal loan from HDFC Bank. My personal loan procedure was really smooth and HDFC Bank was good with processing the loan. It was a Paperless online application I submitted but I had to submit the hard copies of the documents. HDFC Bank offered me the loan around 10.99% as rate of interest and including insurance amount and processing fees they deducted around Rs. 4000 from my loan amount.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 16, 2017
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