Do you want to get a driver's license but are unable to afford the acquisition fee? It costs about 300,000 yen to obtain a regular driver's license, but some people may find it difficult to prepare a large amount of money. If you are a student or unemployed, it may be even more difficult to afford a large amount of money.

In such a case, there is a way to use a loan exclusively for driver's license. Driving license loans generally do not require a guarantor and can be easily applied for from a smartphone, making them easy for anyone to use.

In this article, we will explain about driving license loans. We will introduce a wide range of loan features, types, and application methods, so if you want to use a loan to obtain a driver's license, please refer to it.

How to pay for a driver's license

First, let's check how to pay for your driver's license. How you pay for your driver's license varies depending on the driving school. There are often multiple methods available, including:

• lump sum cash payment
• Bank transfer
• pay by a credit card
• driving license loan

If you pay in cash or by bank transfer, you cannot pay in installments. If you don't have enough money and would like to pay in installments, you can pay by credit card or use a loan.

When paying by credit card, the number of installments and interest rates vary depending on the contract details. Also, if the limit is insufficient, you will not be able to make a payment.

If you want to get a driver's license but don't have enough money, a driver's license loan is the easiest way to get one. In the next chapter, we will explain the characteristics of driver's license loans in detail.

Features of driver license loan

Driving license loans have the following characteristics:

• Can be used by people over 17 years old or high school seniors
• No guarantor required
• Choose your payment method
• With Skip Payment, you can choose the payment start month.
• You can easily apply from your smartphone or web
• Available without down payment

Let's look at each in turn.

Can be used by people over 17 years old or high school seniors

You can apply for a driver's license loan in your own name from your third year of high school. The age to obtain a driver's license is 18 years or older, but even 17-year-olds can enroll in a driving school. However, high school students who can apply for driver's license loans are limited to those who are expected to graduate. In addition, in the case of students, including not only high school students but also university students and vocational school students, consent from a parent or guardian is required. If you are a working adult, you can apply for a driver's license loan in your own name without anyone's consent.

No guarantor required

Driver's license loans generally do not require a guarantor. In the case of other loans, a guarantor is often required, but since driver's license loans are not high-value loans, students and people without regular income can use them without having to provide a guarantor.

However, depending on the results of the driver's license loan examination, a guarantor may be required in some cases. If you are a working adult and work as a company employee, there is a high possibility that you can use the loan without needing a guarantor.

Choose your payment method

You can choose from a variety of payment methods for driver's license loans. The differences depending on the payment method are as follows.

Skip payments, which allow you to postpone payment, are generally limited to students. Choose a method that suits you and allows you to pay easily.

With Skip Payment, you can choose the payment start month.

As I mentioned earlier, one of the features of driver's license loans is that they support skip payments. Skip payment, which allows you to pay your loan after a grace period after application, is a great payment method for students who don't have much money. For example, if you have been offered a job in April, you can set up payment from April onwards so that you do not have to pay for a driver's license while you are still a student. This method is recommended for people who want to pay after getting a job.

You can easily apply from your smartphone or web

You can apply for a driver's license loan 24 hours a day from your computer or smartphone. Therefore, there is no need to visit the lender directly, such as a financial institution. You can easily undergo the screening by simply entering the necessary information in the application form. Additionally, you can upload the required documents from your computer or smartphone, so there are no printing or postage costs. Additionally, there are various types of driver's license loans available from financial institutions, credit companies, and university co-ops, all of which can be applied for from a computer or smartphone. The characteristics of each loan are explained in detail in the next chapter.

Available without down payment

Basically, no down payment is required for driver's license loans. Driver's license loans are for people who don't have a large amount of money available, so they are available on contracts with no down payment. Even if you need a down payment, you can use it with confidence as it is often set at a low price. If you cannot afford a large amount from the beginning, it is important to choose a plan that does not require a down payment.

Types of driver license loans

There are three main types of driver's license loans.

• Financial institution loan
• credit sales loan
• Apply to driving school application site or co-op

Here, we will introduce the characteristics of each.

Financial institution loan

Driving license loans handled by banks and other financial institutions are characterized by large maximum amounts and frequent payments. If you have two different loans, you can combine them into one. Another benefit is that interest rates are low.

When using a loan from a financial institution, keep in mind that the screening process tends to be stricter than other lenders. Minors and those without stable income may not be able to pass the examination.

There are also loans that are not limited to specific purposes, but in some cases the interest rates are high and the monthly repayments will be heavy.

credit sales loan

Credit companies such as Epos, Orico, and JAX also offer driver's license loans. If you have a guarantor, it is easier to pass the screening than at a financial institution, and it also supports skip payments. If you have a credit card, there are other benefits such as reward points.

However, interest rates tend to be higher than those at financial institutions, so it is not recommended unless you can come up with a clear repayment plan. If you want to keep the total cost as low as possible, early repayment is a good idea.

Apply to driving school application site or co-op

You can also apply for a loan on licensing information sites and driving school sites. You can apply from your computer or smartphone, so there is no hassle.

University co-ops also handle driver's license loans, although they are only available to university students. It is easy for students to use as it has a low interest rate and supports bonus payments.

However, it has the disadvantage that it requires a parent to act as a joint guarantor, and it can only be used at designated driving schools. Understand the characteristics of each loan and apply for the loan that suits you.

How to apply for a driver's license loan

The process for obtaining a driver's license loan varies depending on the application method. Here we will explain how to apply via the web/app and application form.

Apply via web or app

The process for applying via the website or app is as follows.

1. Apply for a loan
2. Enter the required information
3. examination
4. Procedure completed

1. Apply for a loan

First, choose the loan you want to use. Since there are various types of loans, it is important to research the characteristics of each loan and choose the one that is easy to use. To apply, you can apply from the loan company's official website.

In addition to applying for a loan, we recommend that you also apply to the driving school you want to attend. Decide on the date you want to enroll, the type of license you want to obtain, etc., and complete the procedures at the driving school of your choice.

2. Entering the required information

After selecting the loan you would like to use, enter the required information on the application form. When applying, you will need not only basic information such as age, address, name, and phone number, but also documents that can prove your income, such as an "income certificate." You can obtain it at the local government office where you have registered your residence card or by mail.

If you do not have the required documents to apply, you will have to apply again, so don't forget to prepare your identification card and notification stamp from your financial institution.

3. examination

After entering the required information on the application form and submitting it, the loan will be reviewed. You will receive a phone call from the loan company to confirm your identity, so please respond accordingly.

The review period varies depending on the loan company. You will receive the results of the examination on the same day at the earliest, or within a week at the latest.

Four. Procedure completed

Once the screening is complete and you pass the loan screening, you will receive an email with instructions on how to sign a contract. Once the loan amount has been deposited into your account, it will be deposited into your driving school's account.

If you have any questions about how to apply, please contact the person you are applying to.

How to apply using application form

If you do not have an email address, please apply using the special application form. The process for applying using the application form is as follows.

1. Apply for a loan
2. fill out the document
3. Procedure completed

1. Apply for a loan

First, call the location of your choice. Once you let us know that you would like to apply, we will send you an application form and instructions on how to fill it out. If you are unsure about the number of sessions or payment method, it is best to consult with us at this time.

2. fill out the document

When you receive the documents, fill in the necessary information while reading the instructions. If you follow the instructions, you will avoid filling out any details or missing the required documents. After filling out the form, use the return envelope that was sent with the application to return it to the address you applied for.

3. Procedure completed

Next, the loan company will begin the examination based on the contents of the submitted form. You will receive the results of the examination by phone. The review may take some time, so don't forget to respond. If you pass the examination, all you have to do is deposit the money into your driving school's account and complete the procedure.

Characteristics of people who do not pass the license loan examination

If you cannot pass the examination, you will not be able to receive a driver's license loan. It is highly likely that it will be difficult to pass the examination in the following cases: * People with no continuous income * People with credit problems In order to be able to pass the screening, it is important to know the characteristics of people who are not approved for loans.

people without continuous income

People who do not have a fixed income such as a part-time job or who are not working at the time of applying for a loan may not be eligible for a driver's license loan. This is because it is easy to judge that even if you lend money, there is a possibility that you will not get it back.

However, if you are unemployed, such as a minor, a student, or a housewife, you may be able to pass the loan screening if you have a co-signer or someone with parental authority. Also, even if you are not a company employee, if you have a certain amount of income from affiliate marketing or real estate, you may be judged to have the ability to repay the loan and pass the examination.

If you are not a student or a housewife and do not have a continuous income, you should consider becoming a full-time employee and earning a fixed income, or consider borrowing other than a driver's license loan.

People with credit information problems

It is also difficult for people with bad credit information to pass the examination for a driver's license loan. Credit information refers to payment information such as credit cards and various loans.

If you have fallen behind on loans, credit cards, utility bills, etc. in the past, it may be determined that there is a problem with your credit report. In this case, the possibility of passing the examination will be low as there will be concerns about your ability to repay the loan. If you are a student, you should also be aware of cases where there is a problem with your parent's credit information.

In order to avoid damaging your credit information, it is important to pay what you owe on a regular basis. If you are not confident in your credit information, consider using a credit company rather than a financial institution, which is relatively easy to pass the screening process.

You can use a license loan to obtain a driver's license.

You can use a loan to obtain a driver's license. Driving license loans do not require a guarantor and have a variety of payment methods to choose from. Another benefit is that it supports skip payment, which allows you to choose the payment start month, and that you can use it without any down payment.

Driver's license loans are handled by financial institutions and credit companies. If you want a low interest rate, we recommend a financial institution, and if you want to increase your chances of passing the examination, we recommend a credit company. If you are a university student, check out the loan details offered by your university co-op.

Driving license loans are very convenient, but people with no continuous income or with credit problems should be careful because they will be judged as unable to repay and will have a hard time passing the screening process.

If you can't afford the money right away, use a driver's license loan to get your driver's license.