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.