Rakuten Loan is a flexible financial solution offered by Rakuten Bank. This guide walks you through the step-by-step process of applying for the Rakuten Bank Super Loan (Card Loan).
You’ll learn about its features, benefits, and how to maximize Rakuten Points. Follow this guide to apply smoothly and get the most out of your loan.
Rakuten Bank’s Financial Services
Rakuten Bank provides online banking, including loans, savings, and payment solutions. Its Super Loan (Card Loan) allows customers to borrow money with flexible repayment terms.
Applications are done online, so visiting a branch is unnecessary. Loan approval depends on income, credit history, and Rakuten membership rank.
Interest rates vary, with special discounts available for a limited time. Customers can also earn Rakuten Points through eligible transactions.
Features and Benefits of Rakuten Bank Super Loan
This loan provides flexible borrowing with different limits and interest rates. It also offers easy repayment options and integrates with Rakuten Points for additional benefits.
Loan Amount and Interest Rates
Borrowers can access funds based on their financial eligibility. The loan limits and interest rates depend on the applicant’s credit evaluation.
Loan Amounts Overview
Loan amounts range from 100,000 yen to 8 million yen. The approved limit depends on income, credit history, and membership status.
Applicants with higher financial standing may qualify for larger amounts. Funds are available for different needs, including emergencies or planned expenses.
The loan can be used for various purposes except for business investments. The maximum limit is determined after reviewing the borrower's profile.
Interest Rates
The standard interest rate ranges from 1.9% to 14.5%, but a special campaign lowers it to 0.95% to 7.25%. Rates depend on individual financial assessments and credit rankings.
Lower rates are available for qualified borrowers, especially those with strong repayment records. Interest is calculated based on the borrowed amount and repayment schedule.
The rates are subject to change based on financial conditions. Applicants should check the latest rates before applying.
Flexible Repayment Options
Repayment is designed to be simple and accessible at any time. Borrowers can choose methods that fit their financial situation.
Automatic Debits from Your Bank Account
Monthly payments are deducted automatically, reducing the risk of missed deadlines. This setup helps borrowers stay on track with repayments.
The system ensures convenience without needing manual transactions. Borrowers must maintain sufficient balance in their accounts.
If the balance is low, it may lead to delays or extra charges. Checking account status regularly helps prevent repayment issues.
No Need to Visit a Physical Branch; Manage Everything Online
Loan applications and repayments are fully online, making the process fast and simple. There is no need to visit a branch or submit paperwork in person.
The loan can be accessed 24/7 through mobile or desktop banking. Users can review their repayment schedules anytime.
This feature makes managing finances easier without long waits or extra steps. Online support is also available for any issues or questions.
Integration with Rakuten Services
This loan connects with Rakuten’s reward system, giving users additional benefits. Borrowers can take advantage of points while managing their repayments.
Earn Rakuten Points on Eligible Transactions
Customers earn bonus points when making payments or using Rakuten services. These points can be accumulated through various banking activities.
The system allows users to gain rewards while managing their finances. Higher-ranking members may receive additional points based on their status.
Some promotions offer extra points for early repayments. Checking available campaigns can help users maximize their benefits.
Use Accumulated Points for Repayments or Other Services
Earned points can be applied to loan payments, reducing the overall cost. Customers can also use points for shopping and other Rakuten services.
This feature provides flexibility in managing financial obligations. The ability to use points for repayments depends on account status.
Users should review their point balance regularly for better financial planning. Some campaigns offer time-limited bonus points, so checking updates is recommended.
Step-By-Step Application Guide
Applying for this loan is simple and fully online. Follow these steps to complete your application smoothly.
Eligibility Criteria
Applicants must meet specific financial and personal requirements. The bank evaluates income and creditworthiness before approval.
A stable financial background improves approval chances. Membership status may also influence eligibility.
Age and Income Requirements
Applicants must be between 20 and 62 years old at the time of application. A stable source of income is required for eligibility.
Those with a strong credit history have better chances of approval. Self-employed individuals may need additional verification.
Necessary Documentation
To apply, you need to provide certain documents for verification. These help confirm your identity and financial stability.
- Government-issued ID (passport, driver's license, or residence card)
- Proof of income (salary slip, tax certificate, or bank statement)
- Proof of address (utility bill or official mail)
- Additional documents if self-employed (business records or tax returns)
Application Process
The online application process is quick and does not require visiting a branch. Each step is designed for convenience and security.
Accessing the Online Application Portal
Applicants must log in to the official website or mobile app. The application form is available 24/7 for convenience.
A valid email and phone number are needed for updates. Secure authentication ensures data privacy.
Filling Out Personal and Financial Information
The form requires basic details like name, date of birth, and contact information. Income and employment details must be accurately entered.
Incorrect or missing data can delay the process. Review all inputs before submission.
Uploading Required Documents
All documents must be clear and readable before uploading. The system allows secure digital submission via mobile or computer.
Verification is done after submission, and missing files can cause delays. Once all documents are processed, applicants receive a confirmation.
Approval and Disbursement
Once submitted, the bank reviews the application and makes a decision. Processing times may vary depending on financial history.
Estimated Approval Timeline
Screening results are typically available within 1-2 business days. However, complex cases may require additional verification.
Applicants are notified via email or phone about the decision. Checking status online helps track progress.
Receiving Funds in Your Bank Account
Approved applicants receive direct deposits in their bank account. The transfer time depends on the bank’s processing schedule.
Funds can be used immediately for any permitted purpose. Users should review their loan terms before using the money.
How to Earn and Use Rakuten Points?
This loan offers the chance to earn rewards while managing finances. Borrowers can accumulate points based on usage and repayments.
- Earn points by making payments on time
- Bonus points for signing up and maintaining a good standing
- Special promotions for additional point earnings
- Higher membership ranks may receive extra rewards
Using Points
Points can be used in different ways to reduce financial burdens, and borrowers can take advantage of flexible redemption options.
- Apply points toward loan repayments
- Use points for shopping and services
- Redeem for discounts on transactions
- Save points for future financial needs
Customer Support
For help, call 0570-66-6910 or visit the headquarters at 1-14-1 Tamagawa, Setagaya-Ku, Tokyo.
Assistance is available for applications and loan details. Check business hours before visiting. Support is also provided online.
Disclaimer: Loan approval depends on financial status and eligibility. Interest rates and terms may change anytime.
Parting Words on Rakuten Loan Application
The Rakuten Loan process is simple and fully online. The step-by-step guide makes applying easier.
Knowing the terms and benefits helps avoid mistakes. Stay informed and apply when ready.
