Rakuten Super Business Loan is made for business owners selling on Rakuten Market. You can apply for a loan with Rakuten options, with flexible borrowing and repayment terms.
This article explains eligibility, terms, and how the loan works. Knowing these helps you plan your finances better.
Understanding the Rakuten Super Business Loan
This loan supports companies and sole proprietors who operate on Rakuten Market. Borrowers can choose between revolving or fixed loan options.
You may borrow from 500,000 to 30,000,000 yen based on screening results. Repayments are handled monthly through your registered bank account.
Corporations must submit identity and registration documents. Sole proprietors need identification and two periods of tax return verification.
Application Availability and Customer Support
Currently, Rakuten has stopped accepting new applications for the Super Business Loan. Existing users may continue borrowing if their contract is still active.
Contact the Business Loan Center at 0570-66-6197 for inquiries. Ensure your documents and repayment records are updated.
For debt-related concerns, call 0570-00-6912 during weekday hours. For dispute resolution, the Japan Moneylenders Association is available at 0570-051-051.
Contract Types You Should Know
Rakuten provides two main loan types to match different business needs. Each has unique features that affect how you borrow and repay.
Extreme Method Basic Contract
This option offers a flexible borrowing limit. You can borrow multiple times up to your approved credit line.
As you repay, the available amount increases again. It is ideal for businesses with ongoing funding needs.
Loan on Deed
This type offers a lump sum loan with fixed monthly payments. The full principal and interest are paid over time.
You cannot borrow again until the loan is settled. It’s best for one-time business investments.
Choosing What Fits Your Business
Pick the contract that suits your cash flow and borrowing habits. Go with the basic method if you need flexibility and repeat access.
Choose a loan on deed if you want structure and predictable costs. Always review your financial goals before deciding.
Interest Rates and Limits
Loan interest rates range between 3.0% and 15.0%, depending on your screening result. The effective annual rate is clearly stated in your contract.
Loans are issued in units of 100,000 yen, up to a maximum of 30 million yen. There are no collateral requirements for either loan type. Payments are withdrawn automatically from your designated bank account.
The withdrawal occurs on the 27th of each month, or the next business day if it’s a weekend or holiday. You must ensure your account has sufficient funds.
How Does the Borrowing System Work?
Rakuten’s borrowing system is designed for flexibility and repeated use. Understanding how it functions can help you make better financial decisions.
- You can borrow repeatedly up to your approved credit limit using the maximum method contract.
- Each repayment increases your available borrowing amount again.
- If you borrow 400,000 yen from a 1,000,000 yen limit, the remaining balance becomes 600,000 yen.
- Repaying 200,000 yen brings the available balance back to 800,000 yen.
- This revolving structure is useful for businesses with frequent cash needs.
- You do not need to reapply every time you wish to borrow again.
Payment Plans and Withdrawal Timing
Monthly payments are determined based on your selected term and the balance used. You can choose a 1-year, 2-year, or 3-year repayment plan for the basic method.
The loan on deed allows for terms from 3 months to 5 years. Withdrawals occur on the 27th, ensuring predictable scheduling.
If this date falls on a non-working day, the transaction happens the next business day. You can register debit accounts from participating financial institutions. All payments are withdrawn automatically.
Sample Repayment Amounts – 0 to 5 Million Yen Range
Below are examples of monthly repayments based on the loan balance and payment term. These estimates help you plan your repayment strategy better.
Up to 500,000 yen:
- 1 year: 46,000 yen/month
- 2 years: 25,000 yen/month
- 3 years: 18,000 yen/month
500,000 to 1,000,000 yen:
- 1 year: 92,000 yen/month
- 2 years: 50,000 yen/month
- 3 years: 36,000 yen/month
1 to 2 million yen:
- 1 year: 183,000 yen/month
- 2 years: 99,000 yen/month
- 3 years: 72,000 yen/month
2 to 3 million yen:
- 1 year: 275,000 yen/month
- 2 years: 149,000 yen/month
- 3 years: 108,000 yen/month
3 to 4 million yen:
- 1 year: 366,000 yen/month
- 2 years: 199,000 yen/month
- 3 years: 143,000 yen/month
4 to 5 million yen:
- 1 year: 458,000 yen/month
- 2 years: 248,000 yen/month
- 3 years: 179,000 yen/month
Late Payment and Final Lump Sum Rules
Late payments will be charged a 20.0% annual penalty. This rate is much higher than your original loan rate.
If your remaining balance is under 1,000 yen, it will be charged in full on your next payment date. Always pay on time to avoid extra charges.
How to Apply for a Rakuten Loan?
Follow these steps to apply for the Rakuten Super Business Loan if you are an existing Rakuten Market seller. Ensure your documents and account are up to date before beginning.
- Log in to your Rakuten Market seller account.
- Go to the loan services section under your account dashboard.
- Select your preferred loan type: Basic Method or Loan on Deed.
- Fill out the application form withthe required personal and business information.
- Upload all verification documents such as ID and tax returns.
- Submit your application and wait for Rakuten’s screening result.
Final Reminders and Customer Assistance
Rakuten loans are available only to verified Rakuten Market businesses. You must comply with all document requirements to qualify. All approvals are based on a screening process.
Loan terms, limits, and interest are subject to change based on your financial status. If you experience issues, reach out to:
- Business Loan Center: 0570-66-6197
- Credit Management Center: 0570-00-6912
- Dispute Resolution: 0570-051-051
Conclusion: Use Rakuten Loan Smartly
Rakuten Super Business Loan is a practical option if you’re a seller in need of reliable funds. With flexible repayment, two loan types, and no collateral required, it suits many business needs.
Knowing how to manage your repayment plan and when to borrow helps avoid costly delays. Contact Rakuten directly if you’re an existing customer and want to explore new borrowing options.
Disclaimer: Loan approvals depend on financial review and required documentation. Terms and rates may change depending on your credit and screening results.
