JuanHand is a fintech platform that has been operating in the Philippines as a financial services provider since 2019. Its registered name is WeFund Lending Corporation, and is a subsidiary of established fintech company FinVolution Group based in China.

Product Features

JuanHand offers unsecured loans to eligible individuals through its online app. The pertinent features of its credit product are the following:

- Loanable amount - Php 2,000 to 50,000, but first-time borrowers can only take advantage of the minimum amount. Repeat clients can take out a higher loan provided they are of good standing.

- Tenor - This can be as short as 14 days (for new borrowers), but the typical loan term is between 30 and 90 days.

- Interest rate - The monthly rate is 9-15%.

- Fees/Charges - There is a processing fee deductible before the proceeds are released, so make sure you take note of this when you apply.

- Disbursement and Repayment methods - JuanHand has both offline (banks, convenience stores, and remittance centers) and online (e-wallets and online banking) options to make it easier for customers to receive their money and settle their loan.

Loan Eligibility/Requirements

Any Filipino citizen between 20 and 60 years old who is gainfully employed and has at least 1 government-issued ID can apply for a loan from JuanHand. An unblocked mobile number is likewise required.

Application Process

If you're interested in taking out a JuanHand loan, you'd be pleased to know that it only takes 5 steps:

1. Download the app and create an account with your mobile number.

2. Provide the necessary information to process your application.

3. Choose the amount you want to borrow and the loan term.

4. Wait for notice of approval/rejection. You might be contacted within this period to verify your information.

5. Wait for the loan proceeds to be credited to your account.

The Advantages of JuanHand

Many Filipinos have looked to JuanHand to help meet their short-term financial needs, for the following reasons:

- Legitimacy - JuanHand is a legitimate lender. They are recognized by the SEC (Registration No. CS201825672) and have a Certificate of Authority (No. 2844) that enables them to operate as a lending company.

- Data Security and Confidentiality - Since the company is duly-recognized, they abide by the laws of the Philippine government, ensuring that the information provided by Filipinos is used correctly.

- Accessibility - It is fast and easy to apply and get approved for a loan from JuanHand. And when it comes to customer support, they can be reached through email, their various social media accounts, or by going to their headquarters in Taguig City.

- Convenience - You only need your mobile phone and Internet connection to be able to apply. You can also do so anywhere and anytime.

The Role of UpFinance

UpFinance is your one-stop portal for financial information and consultation. It is a service that empowers consumers by ensuring that data regarding various financial companies and their products - in particular loans - are easily accessible and understandable. With the help of UpFinance, JuanHand information that is vital to your decision-making on whether or not to apply for a loan with them is but a click away, so there's no need to go through dozens of web pages or to search the web for useful data. You can also compare its offers with the products of other lenders, so you can find the right loan for you. So before you apply for a loan, make sure you take advantage of UpFinance's services.

The author: Sofia Garca