Are you in need of quick cash and considering JuanHand Online Loan service? Look no further, as we have got all the details about JuanHand that you need to know before taking out a loan. From their terms and interest rates to the application process and user reviews, CashLoanPH will provide you with a complete overview of this online lending platform.
|Online Loan App||JuanHand Online Loan|
|Loan Amount||₱ 2,000 – ₱ 15,000|
|Loan Term||91 days – 180 days|
|SEC Registration No.||CS201825672|
Who is JuanHand?
Before diving into the loan features, it’s essential to know who JuanHand is. JuanHand is a legitimate online lending platform in the Philippines that offers financial services through technology. With an SEC Registration number of CS201825672 and Certificate of Authority No.2844, JuanHand ensures safe and reliable service.
With a slogan, “We lend a hand to serve another Juan,” JuanHand is on a mission to provide Filipinos with a helping hand in their financial crisis. They started their business in June 2019 and have become a reliable source of quick cash loans in the country.
Is JuanHand a legitimate loan provider in the Philippines?
Yes, JuanHand loan is legit. JuanHand is a legally established business operating in the Philippines. Its mother company, WeFund Lending Corporation, is registered with the Securities and Exchange Commission (SEC) and has been issued the SEC Registration Number CS201825672. Therefore, JuanHand can be considered a legitimate loan provider in the Philippines.
JuanHand Loan Features
JuanHand offers a minimum loan amount of P2,000.00 and a maximum loan amount of P12,000.00. However, for first-time borrowers, the maximum loan amount is limited to P2,500.00 to evaluate their paying habits and financial responsibility. If you maintain good paying habits, JuanHand will guarantee you a higher loanable amount.
The loan term for JuanHand is between three (3) to six (6) months, but for first-time borrowers, the loan term is limited to seven (7) days only. Though a short loan term and limited loanable amount are typical of online lending platforms, customers can opt for alternative platforms if they require more extended loan terms.
JuanHand offers an interest rate of up to 20% APR. The interest rate varies based on factors such as loan type, loan amount, loan tenor, and the purpose of the loan. Before proceeding with a loan, make sure to study their terms and conditions.
JuanHand’s Loan Calculator Example
91-days(3 months) loan with interest rate of 12%, and principal amount is ₱10000
- Total Interest fee: ₱10000*12%/365*91= ₱ 299.17
- Service fee 10%: ₱10000*10%= ₱ 1000
- Total repayment : ₱10000*12%/365*91+10000+1000=₱ 11299.17
- Monthly repayment: ₱11299.17/3=₱3766.39
JuanHand loan requirements are simple and straightforward. To qualify, you should:
- Be a Filipino citizen residing in the Philippines
- Be between the ages of 20 and 60 years old
- Have one government-issued ID
- Have a stable source of income
One of the advantages of availing fast cash loans is the simple eligibility criteria, making it easier for Filipinos to apply for a loan.
To apply for JuanHand online loan service, all you need is a valid ID. JuanHand accepts the following valid IDs:
- Driver’s License
- Voter’s ID
Another benefit of online fast cash loans is that they do not demand many requirements. Sometimes one valid ID is enough, and only a few call for additional requirements (which are also optional). That’s why availing a loan is easy and straightforward.
Since JuanHand is a Fintech platform, their loan application process is 100% online. All you have to do is download their mobile app from the Google Play Store for Android or the App Store for IOS. Following are the steps to apply:
- Step 1: Download the JuanHand online loan app
- Step 2: Fill out a quick loan application in the JuanHand loan lending app
- Step 3: Wait for evaluation
- Step 4: Get fast cash sent directly to your bank account/Gcash/Coins ph
Disbursement and Repayment of Loan
After approval, JuanHand online loan will disburse your money to your preferred cash-out option in under five minutes. You can receive your cash through GCash, Coins.PH, or certain Padala Centers such as RD Pawnshop and M. Lhuillier. You do not need to have a bank account to avail JuanHand online loan.
For repayment, you can choose from several options. You can pay through 7-Eleven, GCash, RD Pawnshop, and M. Lhuillier. During repayment, bring your Valid ID with you and prepare your repayment code (provided by JuanHand).
Before taking out a loan, it’s always wise to read customer reviews to determine the effectiveness and reliability of a lending platform. Here are some of the latest reviews about JuanHand:
- Positive Reviews: Some customers mentioned that the application process is quick, and they receive their funds immediately after approval. Others appreciated the responsive customer service and simple eligibility criteria.
- Negative Reviews: A few customers received a lower loan amount than expected, and others complain about JuanHand’s high-interest rates.
To read more reviews and get updates on JuanHand’s performance, you may visit their Google Play Store app or JuanHand Facebook Page.
Contacts JuanHand online loan app
WeFund Lending Corp.
SEC Registration No. CS201825672, Certificate of Authority No. 2844
- Facebook: @JuanHandOfficial
- Website: www.juanhand.com
- CS Phone: +63285390150
- Email:[email protected]
- Address: Trade and Financial Tower, 32nd St. Cor. 7th Ave., BGC Taguig, Philippines 1630
In conclusion, JuanHand online loan service is an excellent choice for those who require quick cash loans in a short period. With simple qualifications and one valid ID requirement, JuanHand makes availing of a loan easy and straightforward. However, make sure to study their terms and conditions and consult their customer service representatives before proceeding with a loan.
If you require more extended loan terms, you may try alternative platforms, such as Digido, MoneyCat, CashXpress, TALA or Bank Personal Loan, that offer more extended loan tenures and flexible interest rates.