In this article, we’ll take a closer look at the new JuanHand loan app for the Philippines, a fintech startup with low interest rates and cash out options in less than 5 minutes. You can use this app to assess your loan requirements and determine your ability to pay off the debt. By providing this app to Filipino borrowers, JuanHand will help improve financial inclusion and banking services in the country. Many Filipino residents are not bank accounts holders, which may be due to a lack of financial services, low income, and insufficient financial literacy.
JuanHand is a new loan service provider in the Philippines
As a new loan service provider in the Philippines, JuanHand is geared toward helping people get the money they need without having to deal with a bank. Their motto is “All for customer satisfaction.” This means that they’ll be available to answer your questions, from loan app Philippines requirements to payment terms. They even have a FAQ section on their website. Once you’ve completed the application, you’ll be sent a confirmation email that will include a link to their website.
Loan amount2.000 - 12.000 PHP
Interest rate12% per month
Term91 - 180 days
Age20 - 60 years
Before you can begin, download the app. Once you have downloaded the app, you’ll be asked to provide a mobile number. Make sure it’s an active one. JuanHand will then send you a verification code that you’ll need to enter. You’ll need to input this number so you don’t lose your loan. Next, you’ll be asked to create a password that only you know.
The interest rate charged by JuanHand is low compared to many other loans. You won’t pay more than 20% annually. The service will charge you service and processing fees, but the interest rate is significantly lower than the interest rates offered by banks in the Philippines. JuanHand is a great option for people with poor credit because you can apply and get approved remotely. If you’re thinking of using this service, make sure that you check the terms and conditions carefully before applying.
It is a fintech platform
In the Philippines, Juanhand is a fintech platform that provides one-hand loans and other financial services. It operates as a subsidiary of WeFund Lending Corp., which is a Chinese fintech firm. The website, mobile app, and service operate legally, and the process is completely automated. Juanhand offers loans for PHP 50,000 or less, and is designed to make the borrowing process as easy as possible for consumers. The application process can be completed within three minutes.
Borrowers can access loans in the Philippines through Juanhand by presenting basic personal and financial documents. A portrait photo is required. The application process is easy, and the company accepts Philippines residents aged 20 to 60, with a stable income. There are no fees or minimum loan amount and a team of consultants is available for any questions that you may have. Juanhand is a fintech platform in the Philippines that offers fast loans. It is a trusted platform that provides fast cash.
The loan term is seven days for first-time clients. However, if you are a repeat customer, the loan term can increase to one month. The processing fee may vary between ten and twenty percent, but this is still competitive compared to other lending companies in the country. The company is open seven days a week and is available online from 9:00 am to 6 pm every day. The loan term is a good option for those who have no credit history or are unable to pay back their loan in time.
It has a low interest rate
Many people are surprised to learn that they can find a loan with a low interest rate. That’s because there are a lot of factors to consider when determining your interest rate. The three most important are your credit score, debt-to-income ratio, and annual income. Low rates and large loan amounts are easier to qualify for if your DTI is low and your income is high. In addition to these, some lenders consider other factors such as area of study, length of time with your current employer, and your education. Regardless of the factors, it is important to shop around for several lenders to get the best interest rate and payment terms.
It is marketed towards OFWs
The JuanHand loan app is a loan application process that offers financial support to OFWs and their families in the Philippines. Borrowers can avail of up to Php15,000 in loans. These loans are higher than most online lenders, so you can get more money for your personal needs. Plus, the loan amount is comparatively lower, so you can pay less interest before the loan matures.
To use the Juanhand loan app, all you need is an internet connection and a certificate of authority. JuanHand was founded in June 2019 in the Philippines and is a product of WeFund Lending Corporation, a subsidiary of the FinVolution Group, a financial technology company listed on the New York Stock Exchange. The company’s mission is to help Filipinos improve their financial health and contribute back to society. JuanHand protects its customers’ personal information and adheres to Philippine laws.
The loan app violates data privacy laws and the National Privacy Commission has ordered the company to shut down the operations and remove the apps from Google Play. The NPC also gave copies of the orders to the National Telecommunications Commission. It is important to note that JuanHand is one of the many online lending apps marketed towards OFWs and other overseas workers. While this loan app is popular, the privacy of its users is at risk.
It uses personal data
The Juanhand loan app uses personal data collected from its Users in order to process your borrowing requests. The data you give Juanhand will be used to assess whether you are a suitable candidate for the service and will be used to verify your identity. Juanhand reserves the right to limit or suspend your borrowing requests if you do not meet its eligibility requirements. We hope you will not be tempted to use Juanhand to finance your dreams of owning a property.
Once you download the JuanHand app, you must register with your mobile number to receive notifications when your loan application has been approved or rejected. Once you have registered, you will be redirected to an application form where you can enter personal information and upload your ID card. Once approved, you will be notified via the app that the money is available for withdrawal. The app uses personal data collected during the registration process to determine whether you are a suitable candidate for a loan. Once you are approved, you can withdraw the loan amount from your e-wallet.
JuanHand is a legitimate lending application and complies with the law. It is registered with the Securities and Exchange Commission (SEC) and is subject to the protection of personal data. Users can view their gender chart before signing the program and can pay off the advance at the end of the set period. However, JuanHand does not charge fees for credit scoring or other financial services. The application is free to download and you can use it to apply for a loan.
It has a maximum annual percentage rate of 20%
The JuanHand loan app charges a maximum annual percentage rate of 20%, and you will have to agree to the terms of service before you can begin. If you are approved for the loan, you will need to submit a valid ID and repayment code. You can also use the app to apply for other types of loans. The loan term is seven days, but you can get a longer loan term if you apply several times.
The JuanHand loan app has many advantages. If you are looking for an instant loan, you may want to use the Coins or Gcash wallet, as they are instant. You can also take advantage of low rates, but be aware of the fees. The interest rate is 20%, but you should note that there is a small processing fee. If you have good credit, you can also try paying down the interest before the loan reaches its maturity.