Juvo
Juvo is a digital lending platform that offers personal loans between R$ 700 and R$ 4,500 using the borrower's cell phone as collateral, operating without requiring income proof and facilitating quick digital contract processes.
Personal Loan Services
Juvo offers personal loans ranging from R$ 700 to R$ 4,500. The unique aspect of Juvo's loan service is that it uses the borrower's cell phone as collateral. This approach is facilitated through a digital platform, helping clients secure loans without needing to provide proof of income. Additionally, Juvo does not request any type of deposit or advance transfer, ensuring a straightforward and fair loan application process.
Digital Platform and Banking Correspondent
Juvo operates as a digital platform, which allows for streamlined and efficient processing of loan applications. The company acts as a banking correspondent for BMP MoneyPlus, ensuring reliable financial services. Juvo employs a digital contract signing process, which permits the transfer of funds to the client's bank account within 24 hours after signing.
Loan Repayment Options
Juvo provides flexible repayment options, allowing clients to choose from multiple repayment schedules with up to 12 monthly installments. This flexibility enables borrowers to manage their loan repayments in a manner that best suits their financial situation. Juvo's repayment plans are designed to be client-friendly, with no payments required until the money is received in the client's bank account.
Promotional Campaign: Rota Premiada
Juvo hosts a promotional campaign called 'Rota Premiada', which offers monthly prizes for clients who make timely repayments on their loans. This campaign is designed to incentivize responsible borrowing and timely repayment, adding an extra benefit for clients who adhere to their repayment schedules.
Collateral Requirements and Eligibility
Juvo accepts both Android and iPhones as collateral for their personal loans. However, the company requires borrowers to have an active bank account in their name to be eligible for a loan. This requirement ensures that funds can be deposited reliably and securely once the loan is approved. Clients without an active bank account are not eligible for Juvo's loan services.