- Interest rate (p.a.)
7.00% - 14.00%
- Loan Tenure
0.5 - 1 years
- Approval Duration
- Min. monthly income
What's so great about JuanHand Cash Loan?
- No minimum income requirement!
- No credit card required!
- Apply anywhere, anytime!
|Min. financing amount||₱1,500|
|Max.financing amount|| ₱10,000|
|Min. loan tenure||14 days|
|Max. loan tenure||28 days|
|Interest rate||0.5% per day|
|Approval duration||24 hours|
Fees & Charges
|One time set up|
|Other fees||Advance rate of 10% for old customers and 15% for new customers|
|Age requirement||Age 20 - 60|
|Employment eligibility||Must have a stable and verified source of income|
|Min. salary requirement||₱0 gross per month|
|Guarantor / Collateral requirement||None|
|Need to open linked banked account?||No|
Product Review by
JuanHand is a new Fintech service provider established in the Philippines just last June 2019. It is registered in the SEC and is owned and operated by WeFund Lending Corp., a subsidiary of the FinVolution Group. FinVolution was established back in 2007 and is considered as a pioneer in China’s online consumer finance industry. Throughout the years, it has grown to more than 100 million users, facilitating more than $10B worth of loans annually. FinVolution is also listed in the New York Stock Exchange and continues to be a market leader among the online consumer finance platforms in China. During their current expansion, they have successfully launched their online application in neighboring South East Asia countries such as Singapore, Indonesia, and Vietnam.
With the current economic challenges the world is facing, it is important to have fast and convenient access to loan facilities. Being able to have additional funds especially in times of urgent need is a must and what new and upcoming Fintech companies are trying to address. JuanHand is a testament to this vision. With their motto “We Lend A Hand, To Save Another Juan”, their aim is to provide convenient and excellent financial services to all Filipinos in their time of need. JuanHand acknowledges the strong family values of Filipino communities by continuing the spirit of “bayanihan”, having one heart with Filipino families by offering a helping hand in difficult times.
Using their free mobile app, every “Juan” can have access to additional funds which generally improves financial inclusion among different economic sectors, specifically the under-served, and unbanked individuals and SMEs. With intelligent, AI-based analysis, JuanHand offers a fully digitized and highly-sustainable lending platform capable of 100% facilitation of loan application and collections. Top anti-fraud technology is also in use, with an automated system based on knowledge graphs and algorithms, as well as fraud checks covering first-party, third-party, and also fraud rings. Having the latest technology on their user-friendly mobile app, they envision to become one of the top Fintech service providers, available to all Filipinos nationwide.
Advantages Of Applying With JuanHand Cash Loan:
- Fast and convenient application process through your mobile phone.
- Loan amount of up to ₱10,000.
- Low eligibility criteria.
- Loan disbursement in as fast as 5 minutes!
- Simple, real-time application process in just 3 steps.
Convenient and easy application process coupled with fast cash out, JuanHand Cash Loan comes as a solid option for individuals with immediate need of funds. Go through the details and other FAQs below to learn more about the product.
JuanHand Cash Loan FAQ
How much can I borrow?
With a JuanHand Cash Loan, you can borrow starting from as low as ₱1,500 up to a maximum of ₱10,000, subject to approval.
What are JuanHand Cash Loan’s requirements?
Applicant must meet JuanHand’s eligibility criteria to qualify for the loan:
- Must be 20 to 60 years old.
- Must be a Filipino citizen.
- Must have a verifiable, stable income.
- No minimum length of tenure for employment.
- At least one (1) valid government-issued photo ID.
*Additional documents may be required during credit evaluation.
What is JuanHand Cash Loan's interest rate?
The interest rate for the JuanHand cash loan could go as low as 0.5% per day.
Where can I download the JuanHand Loan app?
You can download the JuanHand Cash Loan mobile app by going to this app download link.
Are there any other applicable fees and charges?
Other applicable fees and charges are advance rates and post day interest as follows:
- For new clients: Advance rate - 15% - 25%; Post day interest - 0.5% - 1.3% for a period of 14 - 28 days.
- For existing clients: Advance rate - 10%; Post day interest - 0.4% - 1.4% for a period of 14 - 28 days.
What are JuanHand’s disbursement channels?
All loans are disbursed exclusively online. You can receive your approved loans using the following channels:
- GrabPay PH
- RD Pawnshop
- Banks - Unionbank, Malayan Bank, AUB, BDO, BPI, Maybank, Metrobank, PNB, Security Bank, China Bank, Chinatrust, EastWest Bank, EqB, PSBANK, Robinsons Bank, UCPB, RCBC, Land Bank.
How does the JuanHand Cash Loan calculator work?
The JuanHand Cash Loan calculator computes the estimated cost of borrowing and the amount of payment per installment. You just need to input the desired loan amount to automatically get the estimated monthly amortization for different tenors.
Is JuanHand Cash Loan the right one for me?
JuanHand Cash Loan is ideal for individuals who are in urgent need of additional funds. Although the maximum loanable amount is quite low, they make it up with their fast and easy application process as well as timely loan approval and disbursement. The aim is to immediately address an individual’s cash flow bind and help them get through their current financial predicament.
With every step done through the mobile app, it is a very convenient way to borrow funds and receive them in a timely manner through disbursement channels available nationwide. Having JuanHand as a safe and reliable, fast loan option is definitely a welcome addition to the online consumer finance market in the country.
There are similar options available in the market as well as the more traditional loan products that you may also want to consider. Take a look at the selections below:
With CIMB Personal Loan you can borrow from ₱30,000 to ₱1,000,000 with an interest rate from as low as 13.47% per annum and add-on rate of 1.12% per month. The loan approval process is as fast as 10 minutes and loan tenure ranges from 12 to 60 months. To be eligible for this loan, you must be 21 - 65 years of age with a minimum monthly income of ₱15,000 as an employed or self-employed individual.
Citi Personal Loan offers 24 hours loan approval for those looking for immediate financial assistance. It has one of the longest loan tenures in the market, ranging from 1 up to 5 years. You can borrow from as low as ₱20,000 up to ₱2,000,000 with 26.9% - 30.9% effective interest rate per annum. To qualify, you must have at least ₱21,000 gross monthly income and a current credit card holder for at least 6 months.
As a relatively new player in the lending scene, ACOM Revomax Cash Loan offers a fast loan approval turnaround time of just 1 day! You can borrow from as low as ₱5,000 up to ₱500,000 with a flexible repayment scheme and no maximum loan tenure. The interest rate ranges from 3.315% - 4.563% per month. To apply, you have to be 21 - 65 years of age, with at least ₱7,000 gross monthly income and employment tenure of at least 3 months. No collateral or credit card required.
With the increasing number of financial service providers in the market, you now have more options to compare and choose from based on your requirement. Highlighting providers that offer online or app-based services, check our list of fast cash online loans on our site and apply for the product that best suits your needs.