Rakuten Loan, provided by Rakuten Bank, offers a straightforward borrowing option. This guide outlines the application process for the Rakuten Bank Super Loan (Card Loan).
It covers key features, benefits, and ways to earn Rakuten Points. Use this guide to apply efficiently and make the most of the loan.
Rakuten Bank’s Loan Services
Rakuten Bank offers online financial solutions, including savings, payments, and loans. The Super Loan (Card Loan) provides flexible borrowing with online applications—no branch visits are required.
Approval is based on income, credit history, and Rakuten membership rank. Interest rates differ, with occasional discounts. Eligible transactions can also earn Rakuten Points.
Why Choose Rakuten Bank’s Super Loan?
A simple and flexible borrowing option.
- Adjustable Interest Rates and Repayment Plans: Interest rates and repayment plans can be reviewed and adjusted anytime, allowing borrowers to manage payments according to financial needs.
- Loan Refinancing: Existing loans can be refinanced, making repayment more manageable. This helps consolidate debt or secure better terms.
- Multiple Borrowing Methods: Funds are accessible through computers, smartphones, telephones, or ATMs, ensuring convenience from anywhere.
- Flexible Repayment Options: Payments can be made online, at ATMs, or via phone, providing flexibility to stay on track with repayments.
Borrowing Limits and Interest Rates
Loan eligibility is determined based on financial standing. Approved amounts and interest rates depend on the applicant’s credit evaluation.
Available Loan Amounts
Depending on financial eligibility, borrowers can access between 100,000 yen and 8 million yen.
Approval is based on income, credit history, and Rakuten membership rank. Higher financial standing increases the borrowing limit. Funds can be used for various personal expenses, except business investments.
Interest Rate Details
Rates range from 1.9% to 14.5%, with limited-time offers reducing them to 0.95%–7.25%. The final rate depends on a credit evaluation. Borrowers with a strong repayment history may qualify for lower rates.
Interest is calculated based on the loan amount and repayment schedule. Rates are subject to change, so it is recommended that you check the latest terms.
Easy and Flexible Repayment
Repayment is designed to be simple and accessible, allowing borrowers to choose the best method for their financial situation.
Automatic Bank Account Deductions
Monthly payments are automatically withdrawn, reducing the risk of missed deadlines. This ensures a hassle-free repayment process.
Borrowers must maintain a sufficient balance to avoid delays or additional charges. Regular account checks help prevent issues.
100% Online Management
Applications and repayments are fully online—no need for branch visits or paperwork.
The loan can be accessed anytime through mobile or desktop banking, allowing borrowers to review schedules and manage payments easily. Online support is available for assistance.
Rakuten Loan and Rewards Integration
Rakuten’s loan service connects with its reward system, allowing borrowers to earn and use Rakuten Points while managing repayments.
Earn Points on Eligible Transactions
Payments and Rakuten service usage can generate bonus points. Banking activities contribute to point accumulation, with higher-ranking members receiving additional benefits.
Some promotions offer extra points for early repayments. Checking available campaigns helps maximize rewards.
Use Points for Loan Payments or Other Services
Accumulated points can be applied toward loan repayments, reducing costs. Points are also usable for shopping and other Rakuten services.
Eligibility for point-based repayments depends on account status. Regular balance checks ensure better financial planning and limited-time campaigns may offer bonus points.
Online Application Process for Rakuten Loan
Applying is entirely online and requires meeting specific financial and personal criteria.
- Eligibility Requirements: Approval depends on income, credit history, and Rakuten membership status. A stable financial background increases the chances of approval.
- Age and Income Criteria: Applicants must be between 20 and 62 years old and have a stable source of income. A strong credit history improves approval odds. Self-employed individuals may need extra verification.
Required Documents
Certain documents are necessary for identity and financial verification:
- 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 for self-employed individuals (business records or tax returns)
Simple and Secure Online Application
The entire process is online, eliminating the need for branch visits. Each step is designed for convenience and security.
Accessing the Application Portal
Applicants must log in through the official website or mobile app. The form is available 24/7. A valid email and phone number are required for updates. Secure authentication protects user data.
Entering Personal and Financial Information
The form requires basic details, including name, date of birth, and contact information. Income and employment details must be accurate. Errors or missing data can delay approval, so reviewing all inputs is essential before submission.
Uploading Required Documents
Documents must be clear and adequately formatted before uploading. Secure digital submission is available via mobile or computer.
Verification begins after submission, and missing files may cause delays. Once processing is complete, a confirmation is sent.
Approval and Fund Disbursement
Once submitted, the bank reviews the application. Processing times vary based on financial history.
Approval Timeline
Most applications receive results within 1–2 business days. Additional verification may be required for complex cases. Applicants are notified via email or phone. Checking the application status online helps track progress.
Fund Transfer to Bank Account
Approved loans are deposited directly into the applicant’s bank account. Transfer time depends on the bank’s processing schedule. Funds are available immediately for permitted uses. Reviewing loan terms before using the money is recommended.
Earning and Using Rakuten Points
Rakuten Loan allows borrowers to earn rewards while managing repayments. Points accumulate based on usage and account activity.
Ways to Earn Points:
- Earn points for on-time payments.
- Receive bonus points for signing up and maintaining good standing.
- Take advantage of special promotions for additional rewards.
- Higher membership ranks may qualify for extra points.
Using Points:
- Apply points to loan repayments to lower costs.
- Use points for shopping and Rakuten services.
- Redeem points for discounts on transactions.
- Save points for future financial needs.
Customer Support
For assistance, contact 0570-66-6910 or visit the 1-14-1 Tamagawa, Setagaya-Ku, Tokyo headquarters.
Support is available for applications, loan details, and inquiries. It is recommended that you check business hours before visiting. Online support is also accessible.
Disclaimer: Loan approval is based on financial status and eligibility. Interest rates and terms are subject to change.
Conclusion
Rakuten Loan offers a fully online and straightforward application process. Following the step-by-step guide ensures a smooth experience.
Understanding the terms and benefits helps borrowers make informed decisions. Check eligibility, review loan details, and apply when ready.
