UnionBank has extended a credit facility to WeFund Lending Corporation, the operator of fintech lending app JuanHand.
JuanHand is an online cash loan app duly licensed by the Securities and Exchange Commission and a founding member of Consumer Lending Association of the Philippines.
“We are very honored UnionBank chose WeFund as the first FinTech Cash Loan company to be granted a credit facility,” said WeFund President and Chief Executive Officer Francisco “Coco” Mauricio “It not only shows UnionBank’s trust and confidence in our technology and operations but more importantly, it shows UB’s commitment to serve the underserved. It is our privilege to partner with UnionBank to improve financial inclusion in the country.”
Since the introduction of JuanHand in 2019, it has had over 10 million downloads, over 6 million registrations and more than P15 billion in loan disbursements.
JuanHand offers between P2,000 and P25,000 credit limit, payable within 30 to 90 days.
Using just basic borrower information and one valid ID, JuanHand’s best-in-class AI can approve loans in less than five minutes and disburse cash to the borrower’s bank or e-wallet in less than 45 seconds.
The JuanHand app can be downloaded via Google Play or App Store.
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