Understanding how to use the Rakuten Loan gives you control over your financial needs. This card loan product offers flexibility, rewards, and an easy online application process.
In this guide, you will learn how the loan works, what benefits are available, and how to apply.
What Is the Rakuten Super Loan?
The Rakuten Bank Super Loan is a digital personal loan service available to eligible users in Japan. It provides funding for various personal needs and does not require collateral.
Interest rates are variable, and approval depends on creditworthiness. This loan is ideal for users seeking a fast and simple process.
It covers living expenses or emergencies and has no annual or joining fees. Users can access the loan via the Rakuten banking app anytime.
Who Can Apply for the Loan?
Rakuten’s Super Loan is available to residents of Japan who meet key criteria. You must be at least 20 years old, with a stable income and valid identification. A Japanese phone number is also required.
Foreign residents can apply with a valid residence card and proof of income and address. Additional screening may apply. Having a Rakuten Bank account may help speed up the process.
Rakuten Membership Rank and Preferential Screening
Rakuten uses a membership rank system that can affect your screening priority. Users with Diamond or Platinum status are reviewed faster.
Rank increases with frequent usage of Rakuten services. Higher-ranked members may get better loan conditions and approval speeds.
Using a Rakuten Bank account for repayment helps improve your rank. This benefits users who are already active in the Rakuten ecosystem.
Campaign Bonuses and Point Rewards
Rakuten’s current campaign offers generous bonuses for new applicants. The total reward value can reach 32,000 yen. Points are awarded in steps.
You receive 1,000 Rakuten Points for joining. Up to 30,000 points are available based on your balance. Applying during the campaign also gives you an extra 1,000 yen in cash.
Loan Amount and Interest Rates
You can borrow between 100,000 yen and 8 million yen with this loan. Interest rates range from 1.9% to 14.5% annually. Your credit score and profile will determine the rate.
Rates may change based on market conditions. Rakuten will inform you of your final rate during screening. Applicants with strong credit typically get lower interest rates.
Flexible Repayment Options
The loan allows monthly repayments starting at 2,000 yen. You may repay early with no penalty. This gives you control over your financial planning.
Set up automatic payments through your Rakuten account. Use the app to manage reminders and view your schedule. All loan activity is tracked in real time.
Common Loan Usage Scenarios
Rakuten loans cover various essential expenses. You can use them for urgent or planned needs. Below are three main categories.
Living and Household Expenses
The loan helps with rent, groceries, and utility bills. It can also assist with credit card debt. This supports families with irregular income.
Education Costs
You can cover school fees, materials, and certifications. The loan is useful for self-improvement courses. This promotes long-term growth.
Ceremonial or Emergency Needs
Funds can be used for weddings, funerals, or medical costs. You’ll be prepared for unexpected events. Having backup money reduces pressure.
Step-By-Step: How to Apply?
You can apply entirely online in three steps. The process is mobile-friendly.
Step 1: Submit Application
Use the Rakuten Bank app to complete the form. No need for paper or in-person visits. You’ll get a confirmation call to verify your employment.
Step 2: Submit Documents
Upload your ID and proof of income in the app. Rakuten may request more documents if needed. The process is secure and fast.
Step 3: Receive and Use Card
After approval, you get a Rakuten Loan Card. Use it at ATMs or online. In some cases, you’ll receive the money before the card arrives.
App Features for Borrowers
The app offers tools to help you manage your loan effectively and stay on top of your finances. It provides full visibility into your loan details and repayment progress.
- Check balances and view upcoming due dates to avoid missed payments.
- Download your repayment history and track each transaction with clear timestamps.
- Use the in-app chat feature to get real-time help from Rakuten’s support team.
- Monitor the Rakuten Points you've earned from loan activities and how they accumulate.
Everything is handled in one place for a seamless user experience.
Risks, Warnings, and Considerations
This loan should be used responsibly. Interest may go up to 14.5%, depending on your profile. Misuse can lead to financial issues.
Avoid borrowing for non-essential spending. Make sure repayments fit your income. Read terms carefully before accepting the offer.
Why Choose Rakuten Over Traditional Banks?
Rakuten offers digital-first lending. You don’t need to visit a physical branch. Approval comes in just 1–2 business days.
You manage everything from the app. Bonus points and membership rewards add value. This loan suits users with busy schedules.
How Rakuten Points Offset Loan Costs?
Rakuten Points can lower your overall spending. You can redeem them for shopping, travel, or digital services. This reduces financial pressure.
Use your points to offset purchases. This is especially helpful when managing loan interest. Treat points as part of your repayment strategy.
Contact and Official Resources
Visit the Rakuten Bank official loan page for up-to-date details about the Super Loan. You can complete all steps through the Rakuten Bank app, which is accessible, easy to use, and available in Japanese.
If you run into issues, Rakuten offers customer support via the app and website, ensuring you get help when needed. Support is typically available 24/7, though it may pause during scheduled maintenance.
Use the help center to review frequently asked questions and solve common problems for faster assistance. Multiple support channels ensure you can resolve concerns quickly and continue your application smoothly.
Disclaimers: Not all applicants qualify for full rewards. Campaign offers may change or expire. Points may have limited use periods. Only one Happy Program rank upgrade is given per user. Foreign applicants face extra checks. Always read the legal conditions.
Last Takeaways: Master the Ordering Process
The Rakuten Bank Super Loan is flexible and easy to manage. It offers strong benefits for Rakuten users. As long as you borrow wisely, it can meet your needs. Start the process with confidence today.
