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Manila Bulletin devider Business devider Banking & Finance devider JuanHand pushes ₱1-trillion lending spree as bank credit slows down

JuanHand pushes ₱1-trillion lending spree as bank credit slows down

Published Aug 30, 2026 12:57 am  |  Updated Aug 30, 2026 07:32 am
Digital cash lender JuanHand is poised to extend more loans beyond the ₱1.16 trillion it has disbursed to date, with a new product allowing borrowers to take out additional funds within their credit limit without first settling their existing loan.
JuanHand has introduced its top-up loan, allowing eligible users to apply for additional funds even while they have an existing loan, with approvals taking as little as five minutes through its operator, WeFund Lending Corp.’s AI-powered tool.
“Through the utilization of WeFund’s proprietary AI, the platform can analyze user data and provide approval in as fast as 5 minutes,” JuanHand said.
JuanHand is the Philippine subsidiary of New York Stock Exchange-listed global financial technology firm FinVolution Group. To date, JuanHand has extended over ₱1.16 trillion in loans to more than 20 million Filipinos.
According to the digital lender, the new top-up loan feature is designed to offer borrowers another option “when they need access to additional financial resources, provided that the new loan remains within their available credit limit and applicable eligibility requirements.”
Under its current terms, borrowers can apply for loans of up to ₱50,000, with daily interest rates set as low as 0.025 percent, “subject to applicable loan terms and eligibility.”
This feature has veered away from conventional digital micro-lending models. “Rather than limiting borrowers to a single borrowing experience, this allows eligible users to borrow again as long as it is within their credit limit,” JuanHand explained.
JuanHand has simplified its requirements, making the application process accessible by requiring “only a registered mobile number and one valid ID” before the AI-driven underwriting evaluates the borrower’s profile.
This development comes alongside Filipinos’ growing reliance on e-wallets, digital lenders, and digital banks. Digital lending has become crucial for expanding financial services beyond traditional banking networks, the firm noted.
“As digital borrowing continues to evolve, JuanHand remains focused on serving underserved yet creditworthy Filipinos” while responding to the changing needs of local consumers.
Credit products such as JuanHand’s could offer some thrust the overall financial system needs, as it has seen moderating lending activity in June.
Lending by big banks in the Philippines grew by 9.8 percent in June, its slowest pace in four months, as borrowers turned more cautious, dampening demand for loans. It slumped from the peak of 12.1 percent in May.
Outstanding loans stood at ₱17.33 trillion as of end-June, according to the Bangko Sentral ng Pilipinas (BSP). (Derco Rosal)

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