Home Credit vs Juanhand vs Skyro - Who is the best trusted financial partner?

In the Philippines, we now have more choices than ever when it comes to consumer financing. But which provider truly delivers the best support and value in helping people live the lives they deserve?

Skyro vs Home Credit vs Juanhand

Thankfully, Filipinos now have more financing choices than ever, but finding the right provider is key to affordability and convenience.

Some of them include market leader Home Credit, together with other players like Juanhand and Skyro.

Let's see how they compare with each other and see which suits your needs better.

Read on.

Home Credit vs Juanhand vs Skyro - Who is the best trusted financial partner?

Comparing the three, both Home Credit and Skyro are cross-sell platforms, while Juanhand is an acquisition-type platform. Juanhand has the highest interest rate, ranging between 9 percent and 12 percent p.m, while Skyro is from 1.5 percent to 7 percent p.m., and Home Credit from as low as 0 percent interest to 5.27 percent.

When it comes to processing fees, Juanhand has no added costs, while Home Credit charges PHP 500 and Skyro 16.6 percent or PHP 5,000 (whichever is lower).

Home Credit website screenshot

Home Credit has the longest tenor, ranging from 6 to 24 months. Juanhand can be up to 9 months, while Skyro can be either 6, 9, or 12 months.

For their effective IR, Skyro has the highest at 9.91 percent p.m., followed by Home Credit with 2 percent to 9.2 percent p.m. Juanhand depends on the case.

Home Credit has the fastest approval time among the three, taking only one minute or less, while Juanhand takes 1 to 2 days, and Skyro takes 1 to 7 days.

For the loan amount, Home Credit provides PHP 3,000 to PHP 150,000 and offers a wide variety of services, including product loans for various commodities and cash loans. Juanhand PHP 2000, up to PHP 25,000 (up to PHP 50,000 for some users), and Skyro PHP 5,000 to PHP 250,000.

The loan credit will reflect on the user's real-time for those on Home Credit, instant or up to 5 days for Skyro customers, and up to five minutes for Juanhand customers.

Image from Juanhand's website

Juanhand has the easiest KYC process, with users only needing to submit an ID picture and complete facial verification. Meanwhile, Home Credit requires customers to be physically present, submit an ID and OTP or picture of an ID, submit a selfie, and undergo a liveness test. For Skyro, customers will have to meet with a representative, provide reference information, complete facial recognition, and submit an ID.

For the application channel, Home Credit is diverse with its POS, mobile app, and TLS. Juanhand has a mobile app, while Skyro has an online application platform and provides representative meet-ups.

Home Credit has eligibility coverage, ranging from 18 to 68-year-old Filipino citizens with a regular source of income. For Juanhand, it covers Filipino citizens aged between 20 and 60 years old, and Skyro covers 23 to 65-year-old Filipino citizens with a stable source of income and who have a smartphone.

Screencap from Skyro's website

For requirements, those applying for Home Credit and Skyro will have to provide a valid ID. For Juanhand, customers need to have a stable source of income, have at least one government-issued ID, and reference Information. 

Based on the information we gathered, each service has strengths depending on your needs.

Home Credit is amazing if you need fast approval (1 minute or less), higher loan amounts (up to PHP 150,000), and longer repayment terms (up to 24 months).

Moreover, it only requires one (1) valid ID for the installment application process, a wider reach with 15,000 partner stores across more than 75 provinces nationwide, and allows users to get pre-approved anytime and anywhere with its Home Credit App.

The company also has the Shoppingmall.ph website that lets customers compare prices, check available offers, and locate nearby partner stores. They also have dedicated Home Credit sales representatives who assist buyers in physical partner stores.

Juanhand, on the other hand, is okay for small loans with no processing fee. However, note that they come with higher interest rates, with an approval of 1 to 2 days.

Skyro is also a decent option for up to PHP 250,000 loans, but processing fees are quite high at up to PHP 5,000, and the approval could take up to 7 days.

Our thoughts

Generally, if you want higher loan amounts with instant crediting, Home Credit is solid.

Moreover, as part of its commitment to empowering and enabling Filipinos, Home Credit offers accessible financing and credit solutions during peak shopping seasons such as Summer, Back-to-School, and the Holidays. This includes its latest Sulit-Skwela offers, designed to help students and families access flexible financing for essential back-to-school tech upgrades.

Home Credit's Back-to-School promo

Home Credit's Sulit-Skwela offers help to students and families to access flexible financing for essential back-to-school tech upgrades, ensuring they get the tools they need without financial strain.

During the promo, the student could get a laptop, phone, and tablet that they could use at school to perform better in their studies.

The promo period is until July 31, 2025.

Overall, based on the details we gathered, Home Credit is the smarter choice among the three.

The Home Credit App can be downloaded from Google Play, App Store, or HUAWEI AppGallery.