Two anxieties about using a card loan – If you have never actually taken out a loan with a bank or consumer finance, there are many people who are worried about using a card loan.
The experience of borrowing money from a financial institution is not that much of an experience, nor is it an early experience.
It is said that there are two main factors that make card loan beginners uneasy. I’m worried about interest and trouble after borrowing.
Anxiety 1 ｜ I’m likely to be charged a large amount of interest …
Most people may have a preconceived notion that interest on card loans is high, but if you calculate the actual interest you will pay, you will understand that it will not be that high.
Basic method of calculating interest
✓ Borrowing amount × Interest rate ÷ 365 × Borrowing days = Interest
Assuming that the borrowing amount is 100,000 yen, the interest rate is 18.0%, and the number of days borrowed (the number of days required for repayment) is 30 days, the calculation is as follows.
100,000 yen x 0.18 ÷ 365 x 30 days = 1479.45
Interest paid is 1,479 yen because the numbers after the decimal point are rounded down.
Anxiety 2 ｜ Can I repay properly …
Another possible anxiety when using a card loan is that you may not be able to repay it and you may be in trouble.
Repayment of card loans basically takes the form of “revolving payment”.
For example, if you borrow 100,000 yen, you do not have to repay the full amount and interest one month later.
Since the minimum amount of repayment for one month span is the repayment of principal and interest above a certain level, even if you borrow 100,000 yen, the monthly repayment is several thousand yen, so there is almost no big trouble. prize.
If you have resolved your anxiety, apply for a card loan!
So far, I have described the factors of anxiety about interest and repayment.
Anxiety, which is a common concern, is not a big risk when you actually look it up.
I will explain the flow from application to borrowing for those who actually resolve their anxiety and want to apply for a card loan.
By understanding this flow and checking and preparing at key points, the use of card loans will proceed smoothly.
Prepare necessary documents
Documents are required to apply for a card loan, so if you prepare in advance, the procedure will proceed smoothly.
Documents do not require difficult documents such as going to the government office.
The documents that are generally required are listed below.
・ Identity verification documents (with the current address)
I think that a driver’s license is the most used, but if the current address is stated, a social insurance card can be used instead.
・ Annual income certificate
This applies to withholding slips and pay slips for two months, but it is not always necessary. If you apply for a loan of a certain amount or more, you may be required to submit it.
Internet application
There are various ways to apply for a card loan, but recently, applications using the Internet from official websites and official apps have become the mainstream.
The biggest advantage of online application is that you can apply 24 hours a day, 365 days a year while you are at home.
When applying, you will need to enter the necessary information, but if you apply by mail or at the counter, it will take time to fill out the form, copy the documents, and go to the store.
It seems that many people are now using this online application because all of these troubles can be cleared by applying online.
To be examined
After entering the necessary information in the online application and uploading the necessary documents, the examination will be conducted. To use a card loan, you must pass this examination, and if it is rejected, the loan will not be provided.
Stable income is important in the examination. Attributes such as credit information are also investigated.
If you write this, you may get the impression that the hurdles are high, but in reality, you have a stable income regardless of the amount, and if you pay the credit fee and mobile installment fee without delay, there is no big problem.
Card issuance after contract
If you pass the examination and the contract details (interest rate, contract limit, etc.) are notified and confirmed, the procedure will be completed.
In the case of online application, the loan card will be sent by mail after the procedure is completed, so you can use it as soon as you receive it.
If you tell us that you are in a hurry at the time of application, you can also issue a loan card at a nearby unmanned contract machine. It takes time to get to the unmanned contract machine, but you can get the card faster than mailing it, so if you are in a hurry, you may consider it.
Start caching
When you receive your loan card, you can use it to borrow money at a borrower’s financial institution ATM or a convenience store’s affiliated ATM.
Depending on the type of ATM, fees may be charged, so it is recommended to check when actually borrowing.
Nowadays, it is also possible to transfer money directly to your designated bank account from the account page on the official website, and it is best to use it properly according to the purpose.
This is recommended for card loan beginners!
- ✓ No more worries about repayment methods and interest rates!
- ✓ The flow from application is perfect!
- ✓ Which card loan to choose …
Once you have a basic knowledge of card loans, it’s time to choose your ideal lender.
Many people who use it for the first time are worried that “there are too many and I do not know what to do …”, but please check the characteristics of each card loan and choose a product that matches your situation. ..
“Acom” with 1.4 million users nationwide
If you are uncertain about choosing a card loan for the first time, it is recommended to look at the number of users of each financial institution.
It can be judged that it has a good track record because it is used by a wide range of people. Acom, which has been selected by 1.4 million people, is highly known and is recommended for first-time users.
If you don’t want anyone to know, “Promise”
Speaking of well-known card loans, there is also the major consumer finance “Promise” that is familiar to TV commercials.
For those around you who feel uneasy for the first time, you can rest assured that you can use “WEB Complete”, which allows you to borrow money on the Internet using your smartphone or your home PC.
You will need an account with Sumitomo Mitsui Banking Corporation or Japan Net Bank, so if you meet the conditions, please consider it.
summary
A card loan is a useful tool that expands your life by understanding how it works and using it with rules and moderation.
We recommend that you carefully consider whether you actually need it and then use a financial institution that suits your needs.
