We have likely all been in a situation where we desperately needed cash but had absolutely nothing in our wallets. I have definitely been there myself; I felt awkward borrowing from friends, and personally, I hate bothering others. Back then, I used the "Cashing" service on my credit card, which had a very high interest rate (18%/year). Later, however, I discovered and applied for the JCB FAITH card loan. It offers a much higher borrowing limit and significantly lower interest rates compared to credit card cashing.
Therefore, I am writing this article to share how to apply, as well as important details regarding the use of the JCB FAITH card for cash loans.
JCB Card Loan FAITH is a lending product from JCB, offering low interest rates ranging from 1.3% to 12.50%, allowing you to borrow up to a maximum of 9 million yen (900 man yen). The application process is entirely online, with quick approval capabilities—sometimes even on the same day. There are flexible repayment options, and customers can withdraw cash at ATMs or have it transferred to their account for free.
The JCB Card Loan FAITH provides users with a convenient financial option, helping them meet personal or family needs quickly.
To put it simply, using this card means you are borrowing a lump sum of cash and paying it back gradually over months, along with interest.
JCB FAITH Loan Interest Rates
The table below describes the loan interest rates based on the card's credit limit. The higher the limit on the card, the lower the interest rate.
For example, if you create a card and are granted a limit of 2 million yen (200 man yen), the annual interest rate will be 10.5%.
他社借入金 (Tasha Kariirekin): Amount of debt owed to other companies
Next, click on シミュレーション開始 (Start Simulation) to see the results.
In the example above, I input an annual income of 3.5 million yen (350 man yen) with no existing debt elsewhere. The result shown in the image below indicates that the maximum limit I can borrow is 1 million yen (100 man yen) with an interest rate of 12.5%/year.
利用予定年月日 (Riyou Yotei Nengappi): Planned date of borrowing
利用予定金額 (Riyou Yotei Kingaku): Amount you plan to borrow
融資利率 (Yuushi Riritsu): Loan interest rate. I wrote about how to find this in the section above. Here, I'm using the example of someone granted a max limit of 2 million yen (200 man yen), so the interest rate would be 10.5% per year.
返済方式 (Hensai Houshiki): Repayment method
残高スライド（標準）元金定額払い (Balance Sliding Standard Fixed Principal Payment):This is a repayment method where the principal amount to be paid each month changes based on the remaining balance. When the balance is high, the monthly payment is higher; as the balance decreases, the payment amount drops in steps. This is a common and safe method, suitable for most users as it doesn't create huge financial pressure.
残高スライド（短期）元金定額払い (Balance Sliding Short-term Fixed Principal Payment): Similar to the standard method, but the monthly payment amount is set higher. As a result, the balance decreases faster and the loan period is shortened. Suitable for those who want to pay off debt early and reduce interest payments, provided they have a stable income.
毎月元金定額払い (Monthly Fixed Principal Payment): With this method, you pay a fixed amount of principal every month, regardless of the remaining balance. The interest portion decreases over time as the principal reduces evenly. Suitable for those who want a clear repayment plan and proactive control over the speed of principal repayment.
毎月のお支払い元金: Monthly principal payment amount. If you chose the "Balance Sliding" method above, you don't need to worry about this field.
After that, click シミュレーション開始 (Start Simulation) to see the results.
This is the result screen from the example above, which details exactly how much you need to pay each month. In which:
お支払月 (Oshiharai Tsuki): Payment month
お支払い金額 (Oshiharai Kingaku): Total amount to pay
内利息 (Uchi Risoku): Interest portion included
内お支払い元金 (Uchi Oshiharai Gankin): Principal portion included
お支払い後残高 (Oshiharai Go Zandaka): Remaining balance after payment
The amount you have to pay monthly depends on the amount you borrowed, as detailed in the image below. For example, with the short-term repayment method, if you are borrowing under 500,000 yen (50 man), you must pay 15,000 yen (1.5 man) in principal each month, plus the current interest.
Why is FAITH better than withdrawing cash from a credit card?
When comparing it to the cash advance (cashing) feature on credit cards, the FAITH loan offers significantly lower interest rates. While interest rates for credit card cash advances usually range from 15.00% to 18.00% annually, FAITH only applies rates between 4.40% and 12.50% annually. This means you can save significantly on interest costs by choosing FAITH.
Does FAITH require a verification phone call?
FAITH does not conduct calls to verify your workplace as part of the standard screening process. However, depending on the assessment of your file, they may need to contact you by phone if there are omissions in your application information. This process is designed to protect privacy, so they do not disclose your loan application details to others.
Are FAITH loans subject to the Total Volume Control regulation?
The answer is yes. FAITH loans comply with the Total Volume Control (Souryou Kisei) regulation, which means there are restrictions on the amount you can borrow based on your total income.
What are the benefits of using FAITH compared to borrowing from other institutions?
Transferring debt to FAITH can help reduce your financial burden thanks to lower interest rates. This is particularly beneficial for those who have debts from multiple sources, allowing them to consolidate debt management in one place and potentially lower interest costs.
What is the annual income requirement to apply for a FAITH loan?
The loan approval process at FAITH is based on many factors, and there is no specific required income level. The criteria are that the applicant must be between 20 and 69 years old and have a stable monthly income.
Can I pay off the entire loan early?
Yes, you can absolutely pay off the entire loan before the due date. Doing so helps you save on the interest costs that would otherwise accrue.
How long is the repayment period for a FAITH loan?
The repayment period depends on the payment method you choose. For example, if you borrow 100,000 yen (10 man yen) and repay 30,000 yen (3 man yen) in principal monthly, you will finish repaying in about 4 months. Single-payment loans will be paid off in the following month.
What are the consequences of late payment?
In the event of late payment, you will be subject to a late payment interest rate of 20.00% per year, calculated based on the number of days the payment is overdue.
Conclusion
JCB Card Loan FAITH is quite a reasonable solution for cash loans in Japan thanks to interest rates much lower than credit card cashing, high borrowing limits, and many flexible repayment forms. The application process is simple, approval is fast, and you can withdraw money immediately at ATMs, helping to handle arising financial needs in a timely manner.
However, this is still a form of borrowing, so it should be used with a plan and within your ability to pay. If controlled well and paid off early when possible, FAITH can be a useful and safe financial tool.
Hello everyone. I'm an IT engineer working in Japan. I created this blog to share about life and experiences during my study and work journey. I hope this article will be helpful to you.
