Housing Loan Features

POINT
1

Borrow up to 500 million yen

POINT
2

Comprehensive English support

POINT
3

No credit guarantee fees or surety fees

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4

Can be used for new loans and refinancing

  • Preferential interest rates available for qualifying customers

There are also preferential interest rate program for PRESTIA GOLD customers, PRESTIA GOLD PREMIUM customers, and for customers borrowing a Housing loan of 50 million yen or more based on the contract amount. Please contact SMBC Trust Bank for more details.

We have a broad line-up that fits a diverse range of customer needs.

Other Features

SMBC Trust Bank will cover premiums for Group Life Insurance

Maximum amount covered : 200 million yen*, including disability coverage up to 100 million yen

  • *Applied to those applications with notification date of on and after April 1, 2020

No fee for credit guarantee fees or surety fees at all

Loan products covered by insurance companies usually require credit guarantee fees or surety fees etc.
SMBC Trust Bank doesn't charge credit guarantee fees nor surety fees.

No fee for partial early payments (Reduced period type only by phone)

Interest Plans (Sign loan agreements by the end of , )

Choose Housing Loans with perfect interest rate plan to fit your lifestyle

For people who want a lower interest rate:

Floating rate loan (1 year renewal) "A Plan"

Recommended for people who want to keep their monthly payments low, and envision repaying the loan over a relatively long period.

For people who want lower initial costs:

Floating rate loan (1 year renewal) "B Plan"

Recommended for people who will make frequent early repayments and envision paying off the loan in as short a time as possible.

For people with specific plans for repayment:

Fixed rate loan (3 years, 5 years, 7 years, 10 years)

Recommended for people who want to steadily repay their loans using a long-term plan for their futures.

Housing Loan Overview

Eligibility
  • Applicants must be 20 or older to borrow loans, and younger or until their 80th birthday for final repayment.
  • Applicants must be eligible for group credit life insurance.
  • Applicants must be citizens or residents of Japan.
  • Applicants must have a stable source of income and annual income must be over 5 million yen.
  • *All legal documents, including terms and conditions, are in Japanese.
  • *English translations may be provided as a reference guide only.

Areas for which loans are available

Borrowing amount
Between 10 million yen and 500 million yen (in increments of 100,000 yen). The loan amount must be less than or equal to the LTV% (Loan to value) ratios below, where "value" is the purchase price of the collateral (or the appraised value of the collateral as established by SMBC Trust Bank in case of refinance).
  • *Please note that LTV% ratios will depend on annual income, property and other factors.
Case Maximum LTV%
Purchase 100%
Refinance 150%
Loan term
1 to 35 years
Security
Customers will create a first mortgage on purchased or newly-built real estate, or on real estate which is subject to refinancing.
Guarantor
A guarantor is not normally required. However, any family member whose income is included in calculations to determine repayment capability will be required to become a joint guarantor. Also, depending on the outcome of mandatory reviews conducted by SMBC Trust Bank, any person providing collateral (including part owners) may be required to become a joint guarantor.
Use of funds
Funds for the purchase or construction of real estate as the residence of the applicant or of the applicant's family
(including the refinance of housing loans from other banks or companies).
Interest rate terms
  • Floating rate loan (1 year renewal) A Plan / B Plan
    • *The interest rate and administrative fees depend on which plan is chosen. For further details, please refer to "Housing Loan Interest Rate Plans".
  • Fixed rate loans of 3 years, 5 years, 7 years, or 10 years
Interest rate change rules after the initial applicable interest rate period ends

Housing Loan Floating rate loan (1 year renewal) A Plan / B Plan

After the initial interest rate period ends, the interest rate for the floating rate loan (1 year renewal) will apply. It is possible to switch from the floating rate loan (1 year renewal) to a fixed rate loan (3 years, 5 years, 7 years or 10 years) while floating rates apply.

  • *Predetermined fees apply if changes are made.
  • *Once the floating rate loan (1 year renewal) has been converted to a fixed rate loan, it cannot be changed back.

The initial interest rate change date will vary according to the loan date and bonus repayment month you have selected.

Housing Loan Fixed rate loan (3 years / 5 years / 7 years / 10 years)

By applying during the period specified by SMBC Trust Bank, you can select a housing loan with a fixed rate for 3, 5, 7 or 10 years (called a "Fixed rate reselection"). However, there is a fee for making this selection. If you do not apply during the application period, your loan will be a fixed rate loan (1 year) that is subject to review every year.

  • *It is not possible to switch from a fixed rate loan to a floating rate loan (1 year renewal).

The initial interest rate change date will vary according to the loan date and bonus repayment month you have selected.

Repayment method
  • Equal repayments of principal and interest. Payments will automatically be deducted from the repayment account on the certain day of each month.
  • Customers can make semiannual repayments in addition to monthly repayments.
  • A maximum of 50% of the loan amount can be repaid at bonus time.

Partial early repayments*

  • Reduced period type: Repayments can be made by phone, at branches (excluding mini branches), or by mail.
  • Repayment amount mitigation type: Repayments can be made at branches (excluding mini branches) or by mail only. (Repayments cannot be made by phone.)

Full advance repayments*

  • Full advance repayments can be made at branches (excluding mini branches), or through the mail.
  • *See the corresponding section below for details about fees.
Group credit life insurance
  • The borrower is required to enroll in the group credit life insurance policy specified by SMBC Trust Bank. (SMBC Trust Bank will bear the cost of the insurance premiums.)
  • The maximum amount covered by group credit life insurance (including disability coverage) is the total loan amount. (provided that the coverage per insured person is up to 200 million yen* including disability coverage up to 100 million yen)
  • *Applied to those applications with notification date of on and after April 1, 2020
Fees

Administrative fees at time of loan

  • Floating rate (1 year renewal) A Plan : 2.2% of total loan amount (including tax) for new loans
  • Floating rate (1 year renewal) B Plan and Fixed rate loan : 22,000 yen (including tax) for new loans
  • *The borrower must bear all associated costs, including revenue stamps, registration fees, etc.

Credit guarantee fees or surety fees

Not required

Fees for partial early repayment

By phone: Free of charge

  • *Reduced period type only

In writing or at the counter (excluding mini branches) or through the mail : 5,500 yen (including tax) will be charged for each payment.* Reduced period type and repayment amount mitigation type.

Fees for full early repayment

Only at branches (excluding mini branches) and through the mail : 44,000 yen (including tax)

Other fees

Fees for switching to a fixed rate loan : 5,500 yen (including tax)

  • The borrower bears the cost of mortgage execution fees and stamp duties.
  • Staff at our branches and Loan Promotion Dept. would be glad to calculate sample housing loan repayment scenarios. Please feel free to ask.
  • Please refer to the Information Memorandum before submitting your application. This document is available at our branches, mini branches and on the SMBC Trust Bank PRESTIA Website.
  • Please be aware that the decision to extend the loan is based on screening of applications. We may not always be able to meet your request.
  • The Housing Loan overview is subject to change without notice at any time.

Areas for which loans are available

Hokkaido | Ibaraki | Tochigi | Gunma | Saitama | Chiba | Tokyo | Kanagawa | Shizuoka | Yamanashi | Nagano (Karuizawa-machi Kitasaku-gun) | Gifu | Aichi | Mie| Shiga | Kyoto | Osaka | Hyogo | Nara | Wakayama | Fukuoka

  • *As of September 28, 2016
  • *The property should be within approximately 1 hour by public transport of the closest branch or mini branch. The above areas are subject to change without notice at any time.

Contact Us

Before contacting us

Please refer to our FAQ for helpful tips

Telephone

0120-004-847(toll-free)

Service HoursWeekdays 9:00 - 17:00 (excluding Saturdays, Sundays and holidays)*

  • *SMBC Trust Bank recommends that you make an appointment for consultations in advance.