Japanese Loans
About Corporate Loans
First of all, any foreigner, including Taiwanese, can set up a company in Japan.
However, the establishment process may involve some complicated legal and financial matters such as company registration and tax issues.
Nevertheless, our firm will take care of all the red tape for you.
Regarding corporate mortgage loans, we have partnered with SBI Bank to offer loans of up to 75% for 25 years (JPY 3 million to JPY 1 billion) at an interest rate of 2.8% to 3.8% per annum (subject to change).
However, there are some restrictions on the type of property and building for which the loan can be granted, mostly investment properties.
In addition, before applying for a loan to purchase a property in the name of a company, you will need to find the property you wish to purchase, have it appraised and evaluated by a bank, and then set up a company to carry out the loan procedures after confirming that the loan is available.
Process of Financing
Financing conditions
| Use of Funds | Funds for the purchase of Japanese real estate |
| Amount of Financing | 3 million yen to 1 billion yen |
| Repayment Frequency | The monthly repayment amount is the amount calculated in the period above the repayment period for the period of more than 3 years and up to 25 years (36~300 times), and the balance will be repaid in one lump sum at the final repayment request. |
| Interest Rate | 2.80%~3.80% per annum SBI New Life Bank’s short-term prime rate is (1.475%) + (1.325%~2.325%) (Latest April 1, 2023) |
| Repayment Methods | ・Repayment: Equal principal and interest or equal principal and interest installments. ・The payment date is the 14th of each month (if the payment date falls on a bank holiday, it will be changed to the next business day). ・Repayment will be made by automatic transfer or remittance from the customer’s domestic bank account. |
| Financing Handling Fee | The handling fee is 2.20% to 3.30% of the financing amount (in addition to other fees such as registration fee and stamp duty). |
| Early Repayment Default Charge | 2.00% 2% of the total or partial repayment amount will be charged as a default fee for early repayment. |
| Guarantor | Not required in principle |
| Guarantee | The Company will create a first-ranking mortgage on the guaranteed property as the object of financing. The area of the guaranteed property is the center of Tokyo and its vicinity, and the center of Nagoya, Keihanjin, and Fukuoka. |
| Effective Annual Percentage Rate | Less than 15.00% per annum (inclusive of finance charges other than interest and stamp duty or calculated interest rate per annum) |
| Late Payment | 19.90% per annum (calculated on a daily basis for 365 days per annum) |
Review Information
| Loan Application Form | – |
| Consent for Use of Personal Information, Confirmation of Consent of Non-Anti-social Force Members | – |
| Company Representative Confirmation Information | ①Copy of passport, resume, employment certificate, proof of income. |
| Confirmation of information by the de facto administrator | ②Copy of passport, resume, certificate of employment, proof of income [not required if the representative and administrator are the same person]. |
| Corporate Information | ③Borrowing plan (please fill in the specified form) ④Corporate Subscription, Full Certificate of Resume ⑤Proof of down payment funds ⑥Proof of remittance ⑦Corporate administrator’s consent |
| Information on Guaranteed Objects | ⑧ A copy of the contract of sale and a copy of the explanatory memorandum of important matters. ⑨Brief description of the property (e.g., drawings of the sub-tenant’s sale, etc.) ⑩A copy of the loan agreement, or in the case of a lease, a copy of the lease rent. |
Information Required in the Loan Agreement
| Stamp Certificate | 2 copies [Please bring along the company representative’s seal, company name and address seal, etc.] |
| Certificate of All Resume Matters | 1 copy |
| Confirmation of the representative’s personal information | Passport, Resident Card, Driver’s License |
About Personal Loan
Our company has partnered with the Chugoku Bank (Japan) to offer Hong Kong residents a loan facility of up to 80% of the total value of the loan with an interest rate of 2.7% per annum.
All you need is a Hong Kong personal tax return for the past two years and a Hong Kong credit report from TransUnion.