This is an app that uses your smartphone's camera function to send the ``identification documents such as a driver's license or My Number card'' and ``income proof such as a withholding tax slip'' required for the screening of ``Arrow's web-based cash advance''.
By submitting documents from this app, you can complete the online cash advance without having to send anything by mail.
*If you are using the app for the first time, you will need to register for the app.
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Product Name: Free Plan (Free Loan for Any Use)
Loan amount: up to 2 million yen (examination required)
Purpose: Free in principle
Loan interest rate: 15.00% to 19.94% (actual annual rate)
Late interest rate: 19.94% (actual annual rate)
Repayment method/period/number of times: [Balance sliding revolving] 60 times over 5 years from the contract date / [Equal principal and interest repayment] 2 to 180 times, maximum within 15 years
*The number of repayments will be determined after consultation.
Collateral/guarantor: In principle not required
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Product name: Refinancing loan based on the Money Lending Business Act
Loan amount: up to 2 million yen (examination required)
Use: Refinance of debts of money lenders (including deemed money lenders)
Loan interest rate: 15.00% to 19.94% (actual annual rate)
Late interest rate: 19.94% (actual annual rate)
Repayment method/period/number of times: [Equal principal and interest repayments] 2 to 180 times, maximum within 15 years
*The number of repayments will be determined after consultation.
Collateral/guarantor: In principle, not required (collateral/guarantor will not be set for more than refinancing debt.)
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Total loan cost (typical example):
[Borrow 100,000 yen] If you repay 32 times, the total repayment amount will be 126,358 yen.
[Borrowing 300,000 yen] If repayment is made 56 times, the total repayment amount will be 444,624 yen.
It is an application that uses the camera function of the smartphone to send the "identity verification documents" and "proof of income" required for the examination.