In the modern, fast-moving era, financial requirements can emerge unexpectedly, and conventional banking services may not always be conveniently accessible. This is where the likes of Juanhand Loan App, a financial technology (FinTech) company, come into play by offering online lending solutions. In this article, CashExpressPH will explore the essential elements of Juanhand Loan App, covering its authenticity, prerequisites, interest rates, loan calculations, and more. CashExpressPH.com is providing this detailed assessment to assist you in making well-informed financial choices.
Top 10 Fast Online Loans in Philippines – A Valid ID is All You Need Updated in November 2024
| Rank | Lender Name & Application Link | Loan Amount | Loan Term | Interest Rate | Repayment | ID Required | Age Range | Special Feature |
|---|---|---|---|---|---|---|---|---|
| #1 |
SOSCREDIT |
₱1,000 – ₱25,000 | 3 – 12 months | 0% for first loan | Monthly or End of term | Only ID Card required | 20 – 70 | Receive money in 15 mins |
| #2 |
CREDIFY |
₱1,000 – ₱25,000 | 3 – 12 months | 0% for first loan | Monthly or End of term | Only National ID required | 20 – 70 | Receive money in 15 mins |
| #3 |
CREZU |
₱1,000 – ₱25,000 | 2 – 4 months | 0% for first loan | Monthly or End of term | Only ID Card required | 18 – 70 | Easy loan approval |
| #4 |
FINBRO |
₱1,000 – ₱50,000 | 1 – 12 months | 0% for first loan | Monthly or End of term | Only ID Card required | 20 – 65 | Receive money in 10 mins |
| #5 | CREDITIFY Apply Now |
₱1,000 – ₱25,000 | 1 – 180 days | 0.1% | Monthly or End of term | Only ID Card required | All accepted | Approve Bad credit |
| #6 | CASHSPACE Apply Now |
₱1,000 – ₱25,000 | 2 – 4 months | 0% for first loan | Monthly or End of term | Only ID Card required | 18 – 70 | Easy loan approval |
| #7 | DIGIDO Apply Now |
₱1,000 – ₱25,000 | 3 – 6 months | 0% for 7 days | Monthly or End of term | Only ID Card required | 21 – 70 | Receive money in 4 mins |
| #8 | KVIKU Apply Now |
₱500 – ₱25,000 | 60 – 180 days | 1.2% per month | Monthly or End of term | Only ID Card required | 18 – 65 | Receive money in 5 mins |
| #9 | CASHEXPRESS Apply Now |
₱1,000 – ₱20,000 | 7 – 30 days | 0% for first loan | End of term | Only ID Card required | 21 – 70 | Receive money in 5 mins |
| #10 | MONEYCAT Apply Now |
₱500 – ₱20,000 | 7 – 180 days | 0% for first loan | End of term | Only ID Card required | 22 – 65 | Easy loan approval |
Summary of Juanhand Loan App
- Maximum Loan Amount: PHP 1,000 to PHP 100,000
- Eligible Age Range: 20 to 65 years old
- Loan Term: 1 to 36 months
- Interest Rate: 9% to 12% per month
- Basic Requirement: National ID
- Pros: User-friendly interface, no history of fraud
- Cons: Service fees apply
- Effectiveness: Good
- Bad Debt Tolerance: Allowed
- Harassment: Contact via phone and email
- Legitimacy: Verified
- Payment Method: GCash
- Contact Number: (02) 85390150
- Juanhand Loan App Download: https://www.juanhand.com/
- Email Address: cs@ph.juanhand.com
What is Juanhand Loan App?
Juanhand Loan App is a FinTech company that leverages technology to provide online lending services to Filipinos. Its primary mission is to assist individuals with good credit but limited access to traditional financial institutions. You can conveniently access their services through your mobile phone, as the app is available on both Google Play and the App Store.
Pros of Juanhand Loan App
- Convenience: The app simplifies loan application and management through mobile devices.
- Speed: Expedited loan approval processes enable quick access to funds when needed.
- Accessibility: Accessible 24/7, allowing users to apply for loans at their convenience.
- Transparency: Clear disclosure of interest rates, terms, and fees for transparent transactions.
- Flexibility: Flexible repayment options cater to varying financial needs.
- Credit Building: Timely repayments can positively impact credit scores.
- Security: Robust encryption and security measures safeguard user data.
Cons of Juanhand App
While Juanhand Loan App offers numerous advantages, there are some drawbacks:
- Limited Availability: The app may not be accessible to users outside of specific countries where it is available.
- Feature Limitations: Compared to other financial apps, Juanhand may offer fewer features, potentially limiting its usefulness to some users.
- User Interface: Some users find the app’s interface challenging to navigate.
- Limited Customer Service: Juanhand provides minimal customer support, which can be frustrating for users seeking assistance.
Juanhand Loan App Interest Rate
Juanhand’s typical interest rate ranges from 9% to 12% per month, with an APR of approximately 20%. There are no transaction fees, but service and sign-up fees may apply, ranging from 10% to 20%. Loan terms vary between 91 and 180 days.
Example of Juanhand Loan Calculator
To illustrate how Juanhand Loan App functions, consider this example:
- Loan Amount: PHP 100,000
- Annual Interest Rate: 10%
- Loan Term: 1 year
Annual Interest: Annual Interest = Loan Amount × Annual Interest Rate Annual Interest = PHP 100,000 × 10% = PHP 10,000
Monthly Interest: Monthly Interest = Annual Interest / 12 Monthly Interest ≈ PHP 10,000 / 12 ≈ PHP 833.33
Monthly Payment: Monthly Payment = Monthly Interest + Loan Amount / Loan Term Monthly Payment ≈ PHP 833.33 + (PHP 100,000 / 12) ≈ PHP 8,333.33
In this example, a loan of PHP 100,000 with a 10% annual interest rate and a 1-year term results in a monthly payment of approximately PHP 8,333.33.
Juanhand Loan App Requirements
Juanhand Loan App typically requires the following:
- Age: Users must typically be 18 years or older.
- Minimum Device Specifications: Users need specific operating system versions and hardware features on their devices.
- Internet Connection: A stable internet connection is essential for real-time information access.
- Personal Information: Users must provide personal details for identity verification.
- Bank Account: Linking a bank account facilitates loan disbursement and repayment.
- Credit Score: Some users may undergo a credit check or require a specific credit score.
- Documentation: Submission of documents such as pay stubs or IDs for verification.
- Consent to Share Data: Users may need to agree to data sharing for credit reporting and other purposes.
- Agreement to Terms and Conditions: Acceptance of the app’s terms and conditions, including loan terms, interest rates, and repayment plans.
Juanhand Maximum Loan
General terms and conditions applicable to all Juanhand Loan App borrowers include:
- Minimum Credit Amount: PHP 2,000
- Maximum Credit Amount: PHP 50,000
9. Juanhand Loan Term
Juanhand Loan App offers flexible loan terms ranging from 6 to 36 months, depending on the borrowed amount and the borrower’s creditworthiness.
10. How to Loan in Juanhand App
To apply for a loan through Juanhand Loan App, follow these steps:
- Step #1: Download the Juanhand Loan App from your device’s app store.
- Step #2: Create an Account by providing your phone number and creating a password. Verification may be required.
- Step #3: Complete Your Profile, including personal information, income details, and spending habits.
- Step #4: Apply for a Loan by specifying the loan amount and desired term.
- Step #5: Review and submit your application. If approved, funds will be deposited into your digital wallet or can be withdrawn in person.
Juanhand Loan Payment
Juanhand Loan App offers multiple payment options, including:
- Automatic Withdrawal: Payments are automatically deducted from linked bank accounts.
- Online Payments: Manual payments can be made through the online portal or app.
- Check or Money Order: Some lenders accept traditional payment methods.
- In-Person Payments: Physical locations may allow in-person payments.
- Payment Apps: Payment apps like PayPal or Venmo may be supported.
Compare Juanhand Loan App to Other Apps
Here’s a comparison of Juanhand Loan App with other lending apps:
| Loan App | Juanhand Loan App | Mr Cash Loan | Acom Loan |
|---|---|---|---|
| Interest Rate | 9% – 12% per month | 3.315% – 4.563% per month | 10% – 20% per year |
| Loan Amount | Up to PHP 50,000 | Up to PHP 500,000 | Up to PHP 10,000 |
| Loan Term | Up to 6 months | Up to 6 months | Up to 6 months |
(Sources: State Bank reporting and research)
Juanhand Loan Contact Number
Contact information for Juanhand Cash Loan:
- Phone Numbers: (02) 85390150, 09190599918
- Email: cs@ph.juanhand.com
- Address: WeFund Lending Corp., 16th floor, The Trade and Financial Tower, corner 7th Ave, Taguig, 1630 Metro Manila, Philippines
FAQs – Juanhand Loan App Review
For more information about Juanhand Loan App, refer to the following frequently asked questions:
Is Juanhand loan legit?
Yes, Juanhand is a legitimate company registered with the Securities and Exchange Commission (SEC) under WeFund Lending Corporation (Registration Number CS201825672). It is dedicated to providing credible lending services.
How to cancel a loan in Juanhand?
To cancel a loan in Juanhand, users can initiate contact with their lender to discuss the reasons and explore possible solutions or restructuring options. Communication with the lender is key to addressing loan-related concerns.
Is Juanhand still operating?
Yes, Juanhand is still operational and continues to provide its services. A quick internet search confirms its presence in the financial market.
Is Juanhand safe?
Juanhand is considered safe for online transactions and loan processing. It has a positive reputation and is recognized by Google as a reliable provider. However, as with any online financial transaction, users should exercise caution and opt for secure payment methods to prevent issues such as unpaid loans.
How long does Juanhand loan take?
The processing time for a Juanhand loan may vary depending on the lender and the specifics of the loan application. Typically, it takes a few days to a few weeks to receive the approved funds. It is advisable to communicate directly with the lender for more precise information regarding loan disbursement timelines.
How to pay Juanhand loan using GCash?
Paying off a Juanhand loan using GCash is a convenient option. Here are the steps:
- Open the GCash app and log in to your account.
- Navigate to the “Bill Payments” section within the app.
- Enter the required details, such as Juanhand’s loan account number and the desired payment amount.
- Choose your preferred payment method, such as bank transfer or credit/debit card, within the GCash app.
- Confirm the payment details and complete the transaction.
This method ensures a seamless and efficient way to settle your Juanhand loan using GCash.
Conclusion
Juanhand Loan App is a mobile loan service aimed at assisting individuals, including those with limited credit histories, in accessing financial support. It offers flexible interest rates, loan terms, and amounts, making it a convenient alternative to traditional bank loans.
While it presents a user-friendly interface and quick approvals, potential users should be aware of technological challenges and exercise due diligence. Juanhand Loan App is a valuable option for those in need of quick and accessible financial solutions, and it continues to operate as a legitimate and reliable service provider.
Its commitment to assisting individuals with their financial needs remains evident in its offering of transparent terms and accessible loan options. Whether you’re facing unexpected expenses or pursuing personal financial goals, Juanhand Loan App can be a helpful tool in your financial journey.