What is JuanHand?
Juanhand is a fintech platform that emerged in the Philippines in 2019. It operates under WeFund Lending Corp., which is a subsidiary of the Chinese fintech giant Paipaidai. Juanhand stands out in the Philippine financial landscape for offering 24/7 online cash loan services, making it a convenient and accessible option for those needing financial assistance.
The platform’s primary service is providing “one hand” loans, designed to support customers in challenging financial situations. This approach reflects a commitment to aiding individuals facing sudden financial burdens or emergencies.
Legal Status and Operations (Is JuanHand Legit)
Juanhand’s operations are fully compliant with Philippine law. The company is registered with the Securities and Exchange Commission (SEC) of the Philippines, ensuring its legitimacy and trustworthiness. This registration is crucial for any financial service provider in the Philippines, as it signifies adherence to the government’s legal standards and regulatory frameworks.
Key Points
| Key Aspect | Details |
| Company Name | Juanhand (operated by WeFund Lending Corp.) |
| Parent Company | Paipaidai (a large Chinese fintech company) |
| Establishment Year | 2019 |
| Location | Philippines |
| Service Offered | 24/7 online cash loan service |
| Legal Status | Registered with the Philippine Securities and Exchange Commission (SEC) |
| SEC Registration No. | CS201825672 |
| Certificate of Authority | 2844 |
| Interest Rates | Approximately 14.7% per month |
| Loan Amount Range | Up to 50,000 PHP |
| Target Customers | Filipinos in need of quick financial assistance |
| Community Contributions | Support to health workers, typhoon victims, donations of PPE and N95 masks |
| Mobile App Availability | In development, with plans for nationwide availability |
| Loan Application Process | 5-step process via the mobile app |
| Repayment Channels | Gcash, Coins.ph, various banks |
| Customer Service | Email: [email protected]; Phone: 0998-3740-824 |
| Office Address | WeFund Lending Corp, 16th floor, The Trade and Financial Tower, corner 7th Ave, Taguig, 1630 Metro Manila, Philippines |
| Unique Selling Proposition | Fast and accessible loans with a simple application process, catering to individuals with urgent financial needs |
| Membership | Part of the Philippine FinTech Association |
| Loan Terms | Varied, with options for extension and different interest rates based on loan duration |
Loans provided by JuanHand
Juanhand offers a range of loan products tailored to meet the needs of individuals requiring quick financial assistance. Here’s an overview of the types of loans and their features:
Personal Loans
- Loan Amounts: From PHP 2,000 to PHP 50,000, Juanhand caters to a broad spectrum of financial needs.
- Interest Rates: Approximately 14.7% per month, which can vary based on loan terms and other factors.
- Loan Terms: Flexible, with minimum terms starting from 14 days and extending up to 90 days.
- Application Process: Entirely online through the Juanhand app, making it convenient and accessible.
Short-Term Loans
Designed for immediate cash needs, these loans are typically smaller in amount with shorter repayment periods.
Best Online Loans Similar to JuanHand
You’ll find in our table a compilation of the Philippines’ best online loan platforms, all comparable to JuanHand in terms of services.
| Company | Loan Amount (PHP) | Interest Rate | Loan Term |
|---|---|---|---|
| Digido | 1,000 – 25,000 | From 0% to 11.9% | Up to 30 days |
| MoneyCat | 500 – 20,000 | Up to 11.9% per month | Up to 180 days |
| Kviku | 500 – 25,000 | 1.2% per month | Up to 180 days |
| Cashspace | 1000 – 25,000 | 1.3% per month | 2 – 4 months |
Pros of Juanhand Loan
- 24/7 Online Accessibility – Juanhand provides round-the-clock service, allowing borrowers to apply for loans anytime and anywhere, which is particularly beneficial for urgent financial needs.
- Fast Loan Approval – The platform is known for its quick processing and approval times, making it ideal for those who need immediate cash.
- Convenient Application Process – With an easy-to-use mobile app, the loan application process is straightforward and user-friendly, requiring only a few steps.
- No Physical Documentation Required – The entire process is digital, eliminating the need for physical paperwork and making it more convenient for users.
- Accessible to a Wide Range of Borrowers – Juanhand caters to individuals who might not have access to traditional banking services, including those with variable incomes or less-than-perfect credit histories.
- Flexible Loan Amounts – Borrowers can choose from a range of loan amounts, up to 50,000 PHP, which provides flexibility depending on their specific needs.
- Charitable Contributions and Community Support – Juanhand has a history of providing support during crises, reflecting a commitment to social responsibility.
Cons of Juanhand Loan
- Higher Interest Rates – Compared to traditional banks, Juanhand’s interest rates are relatively high, which can make the loans more expensive over time.
- Limited to the Philippines – Currently, Juanhand’s services are exclusively available in the Philippines, limiting its accessibility to residents of other countries.
- Potential for Overdependence – The ease of obtaining loans can lead to a cycle of debt for some individuals, especially if used for non-emergency expenses.
- Risk of Data Security – As with any online platform, there is always a risk associated with sharing personal and financial information over the internet.
- Limited to Online Transactions – Those who prefer in-person banking experiences or are not comfortable with digital platforms may find Juanhand less appealing.
- Fees and Charges – Apart from interest, there are processing fees and service charges that can add to the total cost of the loan.
- Impact on Credit Score – Failure to repay on time can negatively affect the borrower’s credit score, which can have long-term financial implications.
JuanHand Cash Loan Requirements
Age Criteria: 20- 60 years old. This age range ensures that applicants are legally adults and are generally considered financially responsible.
Nationality and Residency: Must be a Filipino citizen. This requirement ensures that the service is specifically catering to the local population.
Stable Income. Applicants should have a verifiable and stable source of income.
IDs accepted by JuanHand
Juanhand accepts a variety of government-issued IDs to verify the identity of applicants for their loan services. Here’s a list of the IDs accepted by Juanhand:
- Social Security System (SSS) ID
- Professional Regulation Commission (PRC) ID
- Government Service Insurance System (GSIS) ID
- Unified Multi-Purpose ID (UMID)
- Tax Identification Number (TIN) ID
- Passport
- Postal ID
- Voter’s ID
- Pag-ibig ID (Home Development Mutual Fund ID)
- Philhealth ID
- Driver’s License
These IDs are required to ensure that the applicant is a legitimate citizen or resident of the Philippines and to comply with regulatory and legal standards. Applicants must provide at least one of these IDs during the loan application process.
How Do You Get Approved for a JuanHand Loan?
Getting approved for a Juanhand loan involves a straightforward process designed to be quick and user-friendly. Here’s a step-by-step guide to help you understand how to get approved for a Juanhand loan:
- Download and Install the Juanhand App: The first step is to download the Juanhand mobile app, which is free. You can find it in the app store on your mobile device.
- Register: Once the app is installed, open it and register using your mobile phone number. This will create your personal account on the Juanhand platform.
- Complete the Loan Application: Fill out the loan application form available in the app. This will typically require you to provide personal information, employment details, and the purpose of the loan. Ensure that all information provided is accurate and complete.
- Submit Required Documents: You must upload or submit certain documents for verification. This usually includes a government-issued ID and proof of income. The specific requirements may vary, so check the app for details.
- Choose Loan Terms: Select the desired loan amount and repayment term. Juanhand offers various options, so choose the one that best suits your financial situation.
- Wait for Approval: After submitting your application, Juanhand will review it. This process is usually quick, with loan decisions often made within 24 hours.
- Loan Disbursement: If your application is approved, the loan amount will be disbursed to your bank account or through channels like Gcash Wallet or Coins.ph, as per your preference.
- Repayment: Make sure to repay the loan as per the agreed terms to avoid penalties and to qualify for higher amounts in the future.
Key Tips for Approval
- Accuracy of Information: Ensure all your information is accurate and up-to-date. Discrepancies can lead to delays or rejection.
- Credit History: While Juanhand caters to a wide range of customers, having a good credit history can improve your chances of approval.
- Repayment Capacity: Only borrow an amount you can comfortably repay. Lenders often assess your income to ensure you can repay the loan.
- Compliance with Requirements: Adhere strictly to the list of requirements and provide all necessary documentation.
Remember, while the process is designed to be fast and convenient, it’s important to borrow responsibly and ensure you can meet the repayment obligations before applying for a loan.
How Can You Repay a Loan in JuanHand?
Repaying a loan in Juanhand is designed to be a straightforward and convenient process. Here are the steps and options available for repaying a Juanhand loan:
Check Your Due Date
Understanding your repayment schedule is key to managing your Juanhand loan effectively. Knowing your loan’s due date is crucial to avoid late fees and additional interest charges. This date is typically set when you accept the loan and is clearly outlined in your loan agreement. Staying on top of this date ensures you maintain a good credit score and relationship with the lender.
Choose a Repayment Channel
Juanhand offers multiple channels for loan repayment. You can choose the one that is most convenient for you. The available options usually include:
Online Channels:
- Gcash
- Coins.ph
Banks (via Unionbank/InstaPay):
- Metrobank
- BPI
- Unionbank
- Paymaya
- AUB
- Bangko Mabuhay
- China Bank Corporation
- China Bank Savings
- DCPay
- EastWest Bank
- Malayan Bank
- Maybank
- PNB
- PSBank
- RCBC
- SCB
- UCPB
Make the Payment:
For online channels like Gcash and Coins.ph, use the repayment code from your Juanhand account and your ID.
For bank payments, follow the bank’s procedure for transferring or depositing the amount. Ensure you use the correct account details as provided by Juanhand.
Keep Proof of Payment
Keeping proof of payment is a smart financial practice. Whether it’s a digital receipt, email confirmation, or transaction ID, having a record of your payment can be invaluable in discrepancies or disputes. This proof acts as your safeguard, confirming that you have fulfilled your part of the loan agreement.
Update Your Loan Status
After making a payment, it’s advisable to update your loan status. This can usually be done through the Juanhand app or website. Regularly checking your loan status helps you stay informed about your remaining balance and any upcoming payments. It’s a proactive way to manage your loan and plan your finances accordingly.
Contact Customer Service if Needed
If you encounter any issues or have questions, contacting Juanhand’s customer service is recommended. Whether it’s a query about your loan payment methods or needing assistance with the app, their customer service team is there to help. Keeping in touch with them ensures any concerns are addressed promptly, helping you maintain a smooth loan repayment process.
JuanHand Customer Support
Juanhand places a strong emphasis on providing quality customer support to ensure a smooth experience for its users. Recognizing the importance of effective communication and assistance in financial services, Juanhand offers several channels through which customers can reach out for support.
The primary method of contact is through their hotline number, 0998-3740-824. This line is operational from 9:00 am to 6:00 pm, Monday to Saturday, making it accessible for most users during regular working hours. Customers can call this number for any inquiries, concerns, or assistance regarding their loans, repayment, or the app’s functionality.
In addition to the hotline, Juanhand provides support via email at [email protected]. This option is particularly useful for those who prefer written communication or need to send documents or detailed inquiries. Email communication also provides a record of correspondence, which can be helpful for future reference.
Juanhand’s customer service team is trained to handle various queries, from basic information about loan products to specific account-related questions. They are equipped to guide customers through the loan application process, explain terms and conditions, assist with repayment issues, and provide technical support for the app.
The company’s commitment to customer service is part of its broader goal of offering Filipinos better credit services. Juanhand aims to build trust and maintain a positive relationship with its clients by ensuring a responsive and helpful customer support system. This approach helps resolve individual issues and improves customer satisfaction and loyalty towards Juanhand.
Exclusive Features of JuanHand Loan
Juanhand, a prominent fintech platform in the Philippines, offers several exclusive features that set its loan services apart from traditional lending options. These features are designed to cater to the unique needs of its customers, providing convenience, accessibility, and flexibility. Here are some of the exclusive features of Juanhand loans:
24/7 Online Cash Loan Service
One of the standout features of Juanhand is its round-the-clock online loan service. This means that customers can apply for a loan anytime and anywhere, which is particularly beneficial for urgent financial needs outside regular banking hours.
High Loan Amounts
Juanhand offers significant loan amounts, up to 50,000 PHP, considerably higher than many other online lending platforms. This makes it a viable option for those needing substantial financial assistance.
Rapid Approval Process
The loan approval process in Juanhand is streamlined for speed, allowing for quick decision-making. This rapid approval is crucial for borrowers who require immediate cash for emergencies.
User-Friendly Mobile App
The Juanhand mobile app is designed for ease of use, ensuring a hassle-free loan application process. The app’s intuitive interface allows users to navigate the loan application steps effortlessly.
Flexible Loan Terms
uanhand provides flexibility in terms of loan duration and repayment options, catering to the diverse financial situations of its borrowers. This flexibility helps borrowers plan their finances better and reduces repayment stress.
Accessible to a Wide Range of Borrowers
Juanhand services are available to all Filipino citizens, making it an inclusive platform. This inclusivity is vital in a country where traditional banking institutions might underserve a significant portion of the population.
Charitable Initiatives
Beyond financial services, Juanhand has committed to social responsibility through various charitable initiatives. This includes support for health workers, typhoon victims, and donations of personal protective equipment, reflecting a broader community-focused ethos.
Whom JuanHand Loan Suits Better?
Juanhand loans are particularly well-suited for a specific segment of the Filipino population, characterized by their unique financial needs and circumstances. These loans are ideal for:
- Individuals Needing Immediate Cash
- People with Limited Access to Traditional Banking
- Borrowers with Variable Income
- Individuals with Urgent Small to Medium Financial Needs
- People Seeking Short-Term Loans
- Users Who Prefer Online Transactions
- Borrowers with a Need for Flexible Repayment Options
- Residents of Remote or Rural Areas
In summary, Juanhand loans are tailored to meet the needs of Filipinos who seek quick, accessible, and flexible financial solutions, especially those who may not be adequately served by traditional banking institutions. Their approach caters to many financial scenarios, making them a versatile choice for many borrowers.
JuanHand Competitors
| Company | Loan Amount (PHP) | Interest Rate | Loan Term | Our Review |
|---|---|---|---|---|
| Digido | 1,000 – 25,000 | From 0% to 11.9% | Up to 30 days | Read Digido Review |
| MoneyCat | 500 – 20,000 | Up to 11.9% per month | Up to 180 days | Read MoneyCat Review |
| CashMart | 3,000 – 150,000 | From 0,8% to 3,5% | Up to 6 months for new loan | Read CashMart Review |
| EasyCash | 5,000 – 25,000 | 0,33%-1% | From 1 to 300 days | Read EasyCash Review |
| Crezu | 1,000 – 25,000 | From 1.5% per month to 30% per year | From 3 to 12 months | Read Crezu Review |
| CashMe | 2,000 – 20,000 | 0,08% per day | Up to 3 months | Read CashMe Review |
| Blend | 50000 – 2 million | From 1,5% to 3% monthly | Up to 36 months | Read Blend Review |
| Binixo | 2000 – 30000 | 1% per day | From 7 days to 30 days | Read Binixo Review |
| Asteria Lending Inc | 2000 – 50000 | 0.2% per day | From 30 days to 120 days | Read Asteria Review |
| Loanmoto | 1,000 – 12,000 | 4% – 6% per month | Read Loanmoto Review | |
| Finbro | 1,000 – 50,000 | 0.5% – 1.25% per day | Up to 12 months | Read Finbro Review |
| Kviku | 500 – 25,000 | 1.2% per month | Up to 180 days | Read Kviku Review |
| Binixo | 2000 – 30000 | 1% per day | From 7 days to 30 days | Read Binixo Review |
| PesoQ | 5,000 – 20,000 | 4% – 6% per month | 91 – 365 days | Read PesoQ Review |
| GCash | 5,000 – 25,000 | From 3% to 15% | From 15 to 90 days | Read GCash Review |
| CashBee | 2,000 – 20,000 | 0,3% daily | From 30 to 120 days | Read CashBee Review |
| Revi Credit Philippines | 1000 – 250,000 | 1% – 5% | From 6 to 36 months | Read Revi Credit Review |
| Tala | 1,000 – 25,000 | 15% – 15.7% | From 15 to 61 days | Read Tala Review |
| OKPeso | Up to 24% | From 96 to 365 days | Read OKPeso Review | |
| Vamo | 1,000 – 30,000 | From 1,3% | From 10 to 3000 days | Read Vamo Review |
| Flexi Finance | Up to 25,000 | From 365 to 1460 days | Read Flexi Finance Review | |
| Moca Moca | 2,000 – 35,000 | 0.83% per month | From 180 to 365 days | Read Moca Moca Review |
| RoboCash | 1,000 – 25,000 | From 0% to 11.9% | Up to 30 days | Read RoboCash Review |
