Flexible financial solutions like personal loans are very difficult to find, especially in Japan. You'll have to look for them in many different places, only to find out that it has been offered to millions of people for many years.
The Seven Bank Loan is a personal loan designed to be convenient and offer flexible financial solutions to everyone in Japan. You can borrow funds and have them straight to your Seven Bank account in no time.
If you're interested in learning about the Seven Bank Loan, check out the article below to discover its features and learn how to apply.
Seven Bank Loan Best Features
The Seven Bank Loan is one of the most accessible and convenient loans available for application in Japan.
You can apply for it online and get approved within the next few minutes, and you'll receive your funds in your account immediately.
These are the best features of the Seven Bank Loan that you should know about.
Online Application
Unlike many other loans in Japan, the Seven Bank Loan features an online application that you can easily access and apply for.
This makes it very convenient for anyone who needs funds to apply and get approved immediately. You can check out the official website and explore the features of the loan, then apply when you're ready.
No more lines or even difficult people to talk to, just to get your personal loan.
No Need for a Seven Bank Account
When approved, your loan is immediately processed and sent to your Seven Bank cash card. You don't need to apply for any card dedicated to the loan service.
You don't even need to have a Seven Bank account to process the loan and receive the funds after application.
While it is recommended that you open a Seven Bank account for convenience, it is clearly not a requirement for anyone to do so.
Fixed Monthly Repayment Amount
One of the best features of the Seven Bank Loan is its fixed monthly repayment plan. When you apply for the loan service, you will need to choose the monthly repayment plan.
This includes the monthly payment amount and the exact date that suits you best for loan repayment.
You'll never have to worry about fluctuating amounts of dues every month since every month has a fixed rate. You can even make repayments in any amount as long as it is higher than your current due.
Manage Your Loan Online
Another great feature of the Seven Bank Loan is that you can check your account statements online. All of your transactions are done online and will reflect on your account once the transactions are complete.
This means you can check your remaining dues right after you pay your monthly payment.
It is now very easy, accessible, and convenient for users to check and manage their loans online.
Zero Collateral Requirement
Applying for a loan these days requires you to have collateral in case something happens. With the Seven Bank Loan, you don't need to have collateral since the loan is unsecured.
This makes it even more accessible to everyone in Japan if you're qualified for the loan.
Interest Rates and Other Charges
The interest rate will depend on the amount you borrow. Anyone who borrows 100,000 yen up to 500,000 yen will have an interest rate of 15% per annum.
For 700,000 yen up to 1,000,000 yen, the interest rate is 14% per annum. The interest rate is 13% per annum for amounts ranging from 1.5 million yen to 2 million yen and 12% per annum for 2.5 million yen up to 3 million yen.
How to Apply for the Seven Bank Loan
Applying for the Seven Bank Loan can only be done online. It is by far one of the most convenient loan services to apply for since you only need a computer, a mobile device, and an internet connection to conduct the application process.
However, you still need to check the eligibility requirements of the loan before you apply.
This should help you get approved more quickly and increase your chances of obtaining a higher borrowing limit.
Eligibility Requirements for the Seven Bank Loan
Before applying, please review the eligibility requirements. Anyone who already has a Seven Bank account can actively apply for the loan since they're already eligible for it.
Those who do not have a Seven Bank account will need to be between 20 years old and 70 years old to apply.
Customers must meet the screening standards based on company regulations. All applicants must also be residents of Japan with a permanent resident status.
How to Apply for the Seven Bank Loan
To apply for the Seven Bank Loan online, head over to the official website. Read the features of the loan service thoroughly before you proceed.
If you're ready, click Apply depending on whether you have a Seven Bank account or not. Fill out the online application form with your details and submit it once you've reviewed all of the details.
The bank will then evaluate your application based on its criteria. Once approved, your funds are disbursed to the account that you enrolled during the application.
Contact Details
If you need assistance with the application or you have inquiries, you can contact them through their customer service hotline at 0088-21-1189 for Japanese and 0120-937-711 for English.
They are open from Monday to Saturday from 9 AM to 6 PM.
You can also check out their main office located at 1-6-1, Marunouchi, Chiyoda-ku, Tokyo, 100-0005, Japan.
Conclusion
You must check out the details of the Seven Bank Loan for all of its features. With its accessibility and convenience around its application process, the Seven Bank Loan is one of the best loan services that you can find in all of Japan.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
