Living in Japan as a foreigner does have its advantages, but there are also downsides. You won't be able to gain immediate access to cash, especially if you need emergency funds. This is why many people consider the Seven Bank Card Loan a great way to get money while in Japan.
The Seven Bank Card Loan is a loan service where you can borrow money through Seven Bank ATMs or their direct banking services. There are several ways for you to get the loan service and take advantage of its benefits and features.
If you're interested in getting this card loan, you can check out the article below to learn more about the Seven Bank Card Loan features and how to apply.
Seven Bank Card Loan Features
Seven Bank Card Loan is loaded with features that both locals and foreigners can enjoy.
These features allow you to get the loan service without any hassle and make both acquiring the loan and paying for it more convenient.
Here are some of the best features of the Seven Bank Card Loan.
Online Application Made Easy
While you can always apply directly at the bank, the online application promises faster approval results.
Applying online also means that you get the convenience of having to apply within the comforts of your home. You don't have to brave the traffic just to apply for the loan you need.
You can complete the entire application procedure online and get results within a few days.
Use Your Seven Bank Cash Card
Upon approval, you can immediately withdraw cash that you have borrowed by just using your Seven Bank Cash Card.
There is no need for you to get a new card for this dedicated loan service. You will need to have a Seven Bank account for you to activate the service.
For those who want to apply for the service, register and open an account first; you must receive cash before applying. Take the time to use your account so you can familiarize yourself with using it.
Easy Loan Withdrawals
Make transactions using your Seven Bank Cash Card at any Seven Bank ATM installed everywhere in Japan.
This makes it very convenient to withdraw the money that you have applied for anywhere in the country.
What's even great about this feature is that you can apply, receive, and withdraw the loan amount at any time since all Seven Bank ATMs are available 24/7.
Scheduled Repayment
You'll never have to worry about setting a date for paying your loan now that Seven Bank has scheduled it for you.
There are a lot of advantages to having a scheduled repayment date, as it forces you to stick to a routine or schedule and with the same amount until you are fully paid.
You can also repay what you've borrowed for any amount at any time after paying the monthly bill. This means that you can pay your loan as early as possible.
Interest Rates and Other Charges
Your interest rate will depend on how much you borrowed.
The interest rate can range from 4.5% to 17.8%, depending on how much you're willing to borrow for the loan service. You can also borrow up to 5 million yen.
Applying for the Seven Bank Card Loan
There are several ways for you to apply for the Seven Bank Card Loan.
You can head over directly to a local branch of Seven Bank during banking hours or apply online.
Applying online is the best way to get approved as fast as possible, but you will need to follow the application procedure.
This will help you get the best results and have the most convenient option to get the funds as soon as possible.
Check the Requirements First
The first step requires a lot of preparation since you will need to gather several documents. These documents will be submitted during your online application.
To be eligible for the service, you must have a stable income and have the documents to prove it. You must also be 18 to 74 years old to apply, and if you are under 19 years old, you must submit income proof.
You must also reside in Japan and must have resident status, such as a residence card or special permanent resident certificate.
File an Online Application
Once you have the necessary documents, you can head over to the official website to apply.
Enter all the necessary information, and don't forget to upload the documents for proper online verification.
Make sure that you also review the necessary details, such as the terms and conditions and any spelling errors, before you submit.
Screening Results
After submitting your online application, you will then receive the screening results via email.
This often takes about a few business days at the earliest possible time, but there are times when it can last a few more days.
This is why it is important that you have everything prepared and that there are no issues with your documents upon application.
Receiving the Notice of Completion
Once you receive the email, you should also be notified about the completion of your application.
You should now be able to borrow money via Seven Bank ATM or through their direct banking service.
For ATM withdrawals, you can head over to any Seven Bank ATM located all over the country, enter your desired loan amount, and withdraw it.
Contact Details for Updates
You can also call their customer service hotline for inquiries and updates on your application.
You can dial the number 0088-21-1189 for Seven Bank account holders, or you can use 0120-937-711 for English speakers. A bank representative will be with you to provide you with assistance.
You can also visit their main office, located at 1-6-1, Marunouchi, Chiyoda-ku, Tokyo, 100-0005, Japan.
Conclusion
Seven Bank Card Loan services have made it very easy for both locals and foreigners to get funds for emergencies through its online application procedure.
If you are in Japan and you need emergency funds, go ahead and make sure that you properly apply for a Seven Bank Card Loan through the official website and follow the procedure.
Note: There are risks involved when applying for and using credit. Consult the bank's terms and conditions page for more information.
