Rakuten Loan, offered by Rakuten Bank, provides an easy borrowing option. This guide walks through the steps for applying for the Rakuten Bank Super Loan (Card Loan). The process is simple and helps take advantage of credit card perks.
Key features include earning Rakuten Points, which can be used for various rewards. Follow these steps to apply and make the most of your loan.
Rakuten Bank Loan Services
Rakuten Bank offers various online financial services, including savings, payments, and loans. The Super Loan (Card Loan) offers an easy borrowing option without the need for in-person visits.
How Approval Works for Rakuten Loan
Approval depends on factors like income, credit history, and Rakuten membership rank. Interest rates vary, with occasional discounts available. Eligible transactions can also earn Rakuten Points.
Benefits of Rakuten Bank’s Super Loan:
- Easy and Flexible Borrowing: A straightforward loan option that adapts to your needs.
- Adjustable Terms: Modify interest rates and repayment plans whenever needed to manage payments better.
- Loan Refinancing: Existing loans can be refinanced, helping to consolidate debt or secure more favorable terms.
- Multiple Access Methods: Borrow funds through computers, smartphones, phones, or ATMs for added convenience.
- Convenient Repayment Options: Repay loans online, at ATMs, or by phone, offering flexibility for easier repayments.
Simple and Flexible Repayment Options
Repayment is made easy with various methods to fit your financial needs.
Automatic Bank Account Deductions
Monthly payments are automatically withdrawn, reducing the risk of missed payments. Ensure there’s enough balance to avoid delays or extra charges. Regularly check your account to prevent issues.
100% Online Management
Applications and repayments are all handled online—no branch visits or paperwork required. Access the loan anytime via mobile or desktop banking, making it easy to review schedules and manage payments. Online support is available for any questions.
Rakuten Loan and Rewards Integration
Rakuten’s loan service connects with its rewards system, allowing borrowers to earn and use Rakuten Points while managing their loans.
Earn Points on Eligible Transactions
Paying for services and using Rakuten can generate bonus points.
Banking activities also contribute to point accumulation, with higher-ranking members receiving additional benefits. Look out for promotions offering bonus points for early repayments.
Use Points for Loan Payments or Other Services
Use accumulated points for loan payments, lowering your costs. Points can also be redeemed for shopping or other Rakuten services.
Your eligibility for point-based repayments depends on your account status. To maximize rewards, regularly check your balance and look for limited-time promotions.
Online Application Process for Rakuten Loan
The application process is fully online and requires meeting specific financial and personal criteria.
Eligibility Requirements
Approval is based on income, credit history, and Rakuten membership status. Having a stable financial background improves your 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 increases the likelihood of approval. Self-employed applicants may need additional verification.
Required Documents
The following documents are needed 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 applicants (business records or tax returns)
Easy and Secure Online Application
The application process is fully online, removing the need for branch visits. Each step is designed to be both convenient and secure.
Accessing the Application Portal
Log in through the official website or mobile app. The application form is available 24/7. A valid email and phone number are required for updates. Secure authentication ensures your data is protected.
Entering Personal and Financial Information
Provide basic details like name, date of birth, and contact information. Income and employment information must be accurate. Errors or missing data can delay approval, so double-check everything before submitting.
Uploading Required Documents
Ensure your documents are clear and adequately formatted before uploading. You can submit them securely via mobile or computer.
Once submitted, verification starts, and missing documents can cause delays. You’ll receive confirmation once the process is complete.
Approval and Fund Disbursement
Once the application is submitted, the bank will review it. Processing times vary based on financial history.
Approval Timeline
Most applications are processed within 1–2 business days. Additional verification may be required in complex cases. Applicants will be notified via email or phone. You can check the status online to track your application’s progress.
Fund Transfer to Bank Account
Approved loans are transferred directly to the applicant’s bank account. The transfer time depends on the bank's schedule. Funds are available immediately for approved uses. It’s a good idea to review loan terms before using the money.
Half-Price Interest Rate Campaign
Details of the half-price interest rate campaign for new members:
Campaign Dates:
- Online Application Period: Monday, February 3, 2025, at 17:00 to Thursday, May 1, 2025, at 16:59.
- Enrollment Period: Monday, February 3, 2025, to Friday, May 16, 2025.
- Campaign Interest Rate Period: Monday, February 3, 2025, to Friday, July 11, 2025.
Campaign Benefits
To qualify for the half-price interest rate, the following conditions must be met:
- Apply for the loan online during the application period.
- Complete registration within the enrollment period.
- Borrow during the campaign interest rate period.
Important Notes:
- After the campaign ends, any outstanding loan balance will be subject to the regular interest rate (1.9% to 14.5% annually).
- No extra steps are needed to apply for the campaign interest rate as long as the conditions are met.
- Failure to repay according to the terms will cancel campaign benefits.
- Fraud or violations will disqualify applicants from receiving campaign benefits.
- Interest rates are variable and may change depending on financial conditions.
- Terms and conditions are subject to change without prior notice.
Earning and Using Rakuten Points
Rakuten Loan allows borrowers to earn rewards while managing their repayments. Points are earned based on usage and account activity.
Ways to Earn Points:
- Earn points for making on-time payments.
- Get bonus points for signing up and keeping your account in good standing.
- Take advantage of special promotions to earn extra rewards.
- Higher membership ranks can qualify for additional points.
Using Points:
- Use points to reduce loan repayment costs.
- Redeem points for shopping and other Rakuten services.
- Apply points for discounts on transactions.
- Save points for future financial needs.
Customer Support
For help, contact 0570-66-6910 or visit 1-14-1 Tamagawa, Setagaya-Ku, Tokyo headquarters.
Application assistance, loan details, and general inquiries are available. It’s recommended that you check business hours before visiting. Online support is also available.
Disclaimer
Loan approval depends on financial status and eligibility. Interest rates and terms may change.
Conclusion
Rakuten Loan offers a simple, fully online application process. Following the steps provided ensures a smooth experience.
Know the terms and benefits to make informed decisions. Check your eligibility, review the loan details, and apply when ready.
