JAPAN LOAN FOR FOREIGNER

In Japan, loan for non-Japanese is quite specific, since many foreign residents lack a long credit history in Japan, lenders often set different eligibility requirements compared to local borrowers.

In Japan loan for foreigner is a financial bridge designed to support expatriates, international students, and long-term foreign residents in meeting personal or professional financial needs.

How to be eligible for a loan in Japan as foreigner ?

Getting a loan in Japan as a foreigner is possible, but there are specific conditions to meet. Here’s a clear breakdown:

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📌 Basic Eligibility Requirements

1. Residence Status – You must have a valid visa (usually working visa, permanent residency, or long-term residency). Tourist visas are not eligible.
2. Length of Stay – Most lenders require that you have already lived in Japan for at least 1–2 years.
3. Income Stability – A steady source of income in Japan (usually full-time employment) is essential. Part-time workers or students may struggle unless they have a guarantor.
4. Residence Card & Address – You’ll need to provide your zairyū card (residence card) and proof of a stable address.

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🏦 Additional Conditions From Lenders

• Employment – Many banks require at least 1 year with the same employer; for mortgages, 2–3 years is often expected.
• Guarantor – Some loans require a Japanese guarantor or guarantor company.
• Credit History – Japan has its own credit bureaus, and having a local credit record (e.g., credit card, phone contract, utilities) helps.
• Down Payment – For large loans (like mortgages), foreigners are often expected to provide 20–30% down payment.

Which banks in Japan make loans available to foreigners ?

Here are several banks in Japan known to offer loans to foreign nationals, along with key features that make them accessible to non-Japanese borrowers:

Japanese Banks Offering Loans to Foreigners

• SMBC Trust Bank (PrestiA)
  Offers a variety of loan options—including housing, investment property, second home financing, and home equity loans. Foreign residents who meet eligibility, such as residency status and sufficient income, may access these products. English-speaking support is available. SMBCTB
• Seven Bank
  Provides card loans to permanent residents with a minimum of six months of transaction history. Loan limits go up to ¥3 million upon increase. sevenbank.co.jp
• Tokyo Star Bank
  Offers the “Star Housing Loan”, which is specifically available to foreign nationals without permanent residency—making it a standout choice for newer residents. Tokyo Star Bank
• Suruga Bank, Aeon Bank, and SMBC (PrestiA)
  These lenders offer mortgage or housing loans to non-permanent residents, often with tailored products and English-language support, helping make foreigner access smoother.