Rakuten offers a wide variety of financial products that offer flexibility in this fast-paced world. Whether you're looking to fund your education, meet unexpected expenses, or simply want to have access to funds, the Rakuten Loan can make a big difference.
Having access to a Rakuten Loan is quite a surprise for many Japanese knowing that loans can be very difficult to apply. With its diverse financial options, Rakuten Loan is the ultimate loan for you.
If you're interested in learning more about the Rakuten Loan mastery, check out the guide below and find out how you can apply for one.
What are the Different Types of Rakuten Loans?
Rakuten offers a diverse range of financial products tailored to various needs.
There are specific loans that offer a solution to all of your financial woes.
Check out the different types of Rakuten Loans below.
Rakuten Bank Super Loan
The Rakuten Bank Super Loan is an unsecured and flexible loan that is ideal for personal expenses.
Once approved, the loan is immediately processed and deposited directly into your Rakuten bank account for personal consumption.
You can use the loan for personal purposes, such as general expenses and travel.
Mortgage and Real Estate Loan
Rakuten also features mortgage and real estate loans. These are great options for purchasing or refinancing homes for consumers.
These loans are secured by property and are ideal for individuals seeking to own a home.
Educational Loan
Anyone who wants to pursue a higher education can always apply for a Rakuten Educational Loan. This is meant for those who need financial assistance for their tuition and other educational expenses.
There is a strict guideline for this specific loan, as all expenses must be tied to your education and nothing else.
Purpose Loans
A Rakuten Purpose Loan is tailored to a specific need of the consumer. It differs from a personal loan in that it caters to a more general expense rather than a specific one.
The Purpose Loan can be used for wedding-specific travel or even for a medical procedure.
Highlights and Features of the Rakuten Loan
The diverse lineup of Rakuten Loans is what makes this specific brand so enticing.
With numerous options available, you can easily select the loan that best suits your needs.
Additionally, each Rakuten Loan has specific features and highlights, which are listed below.
Competitive Interest Rates
Rakuten Loans offers competitive and affordable interest rates for many individuals. Super Loan offers an interest rate range of 1.9% to 14.5%, depending on the loan amount and the borrower's creditworthiness.
Mortgage Loans start as low as 0.99% per year, and Real Estate Loans start at 1.72% per year. Meanwhile, Education Loans are around 3.8% per year, depending on the applicant's credit profile.
Purpose Loans typically range from 2.0% to 14.5%, with variations depending on the applicant's credit history.
Seamless Online Application
Most people often need a Rakuten Loan at the most urgent time, and Rakuten understands such a need. This is why they have made their online application a lot more convenient by making the process more seamless.
All you need to do is follow the online application process and complete it within a few minutes.
You'll then get your funds upon approval within 1 to 2 business days. This ensures that you'll always get the funds that you need on time.
Earn Rakuten Super Points
Whenever you pay for your Rakuten Loan, you receive Rakuten Super Points depending on the amount that you pay.
You can also earn these points through account activities such as new loan applications and many others. The more points you earn, the more rewards you gain through point redemption.
You can redeem the points for different products and even get discounts on your next loan repayment.
Eligibility Requirements and Application Procedure
Almost everyone can apply for a Rakuten Loan. However, there are specific eligibility requirements depending on the loan that you want.
There are general requirements that you need to follow to qualify for the loan.
General Requirements to Apply for the Rakuten Loan
Applicants must be residents of Japan and must have a Rakuten Bank account; if not, you must be willing to open one with the requirements ready.
All applicants must be at least 18 years old to apply for the loan. A good credit score is crucial in determining your interest rates and other financial features.
You are most likely to be required to provide identification documents such as residence cards and many other government-issued IDs during the application.
Application Process
To start the application procedure, gather the required documents first. You can properly apply for the Rakuten Loan at the official website or through the official mobile application.
Fill out the online application form and upload the required documents. Review everything before you submit. There are instances when Rakuten might contact you for confirmation.
After that, they will review your application, and once approved, the loan amount will be disbursed to your Rakuten bank account.
Contact Details
If you need assistance with the online application or have inquiries regarding the Rakuten Loan, you can call their customer service hotline at 0570-66-6910.
Follow the prompt, and you should be speaking to a customer service representative who will handle your concerns.
You can also visit your local Rakuten Bank for more information or check out their main office located at NBF Shinagawa Tower, 2-16-5 Konan, Minato-ku, Tokyo, 108-0075.
Conclusion
Reliable and flexible are just some of the words that rightfully describe what Rakuten Loan is all about. They offer competitive interest rates, a diverse set of financial products, and a seamless online application that makes it easy for anyone to apply.
The Rakuten Loan helps you achieve the financial support that you require, so go ahead and apply for one today.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
