Filipino digital lender JuanHand has rolled out a top-up credit facility, allowing eligible users to access extra funds without first settling their active loans in full.
Operated by WeFund Lending Corporation—the Philippine arm of NYSE-listed FinVolution Group—the platform enables users to draw additional financing up to their assigned credit limit.
Application processing times can be completed almost instantly through automated systems.
“Through the utilization of WeFund’s proprietary AI, the platform can analyze user data and provide approval in as fast as 5 minutes,” JuanHand stated.
To date, the digital platform has disbursed over ₱1.16 trillion in credit to more than 20 million borrowers across the country.
According to the lender, the product gives users greater flexibility “when they need access to additional financial resources, provided that the new loan remains within their available credit limit and applicable eligibility requirements.”
Borrowers can secure up to ₱50,000 under current terms, with daily interest rates starting at 0.025%, “subject to applicable loan terms and eligibility.”
This setup departs from the traditional micro-lending model, which requires complete loan settlement before re-application.
“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,” the company noted.
Application barriers remain low, requiring “only a registered mobile number and one valid ID” before the AI underwriting engine evaluates the user’s profile.
The launch aligns with the widespread adoption of digital wallets and online loan channels in the Philippines, bridging gaps for unbanked and underbanked populations.
“As digital borrowing continues to evolve, JuanHand remains focused on serving underserved yet creditworthy Filipinos,” the lender emphasized.
The expansion comes as traditional commercial bank credit growth slows nationwide.
Bangko Sentral ng Pilipinas (BSP) data shows bank lending growth eased to 9.8% in June—its lowest pace in four months—down from 12.1% in May due to cautious consumer demand. Despite the deceleration, total outstanding loans among major Philippine banks stood at ₱17.33 trillion at the end of June.