Ever wonder why Japan does not have that many cars on their street? Aside from their wonderful public transport, getting a driver's license in Japan is very difficult. Having a driver's license in Japan is considered a rite of passage for many.
It is a very expensive endeavor, and not everyone can afford it. With the mandatory driving school fees and examinations involved, you must shell out a lot of money to get your driver's license.
Getting a driver's license loan from EPOS is key to being able to afford the expenses of getting a driver's license. If you're interested, check out the article below to learn more about the EPOS Loan and how you can apply.
Key Benefits and Features of EPOS Loans
With driver's license fees and driving school fees so expensive in Japan, it can be very difficult for you to apply for a driver's license.
This is why many people opt to go for loans to fund their licenses instead. The EPOS loan is one of the many loan products offered by EPOS GTN as part of their line.
It is designed to help you with the expensive financial burden of getting your driver's license.
Flexible Loan Amounts
With EPOS Loans, you have a wide range of selections of the amount you can get. This means that you can also fund many other personal expenses with the help of this loan.
Whether you need to fund your driving school fees or any other related expenses, the flexibility of the loan amount helps you cover the necessary expenses without having to deal with a lot of fees.
Dedicated Loan Purpose
Aside from the flexible loan amount, there is also a dedicated loan purpose for EPOS loans. The loan is specifically tailored for driver's license acquisition.
You are ensured that you'll always get the amount of funds that you need to use for its intended purpose. This can be seen as part of your agreement when you apply for the EPOS loan.
Simple Application Process
One of the key features of the EPOS loan is that it is very easy and simple to apply. You don't need any comprehensive list of requirements to get the loan that you need.
It has streamlined the process of application which makes it relatively easy to apply. The application process is further explained below.
Partnerships with Driving Schools
Another great feature that will make EPOS loans more attractive is that it also partners with many driving schools in Japan.
They have collaborated with some of the top driving schools of the country which makes it very simple and easy to disburse the loan towards its intended use.
Once the application is done, it is immediately directed toward the driving school so you don't have to process anything after the application.
Convenient and Flexible Repayment Options
EPOS loans come with a wide range of repayment options where you can choose the school that suits your budget.
You have monthly installment options with different repayment options. These include convenience store payments, bank transfers, and online payments.
Interest Rates and Other Charges
The EPOS loans do not directly provide their website's interest rates and other charges.
This can only be done once you check their terms and conditions, where you can find your agreed-upon interest rates. If you miss your payment date for the month, you will be charged a late payment fee.
Eligibility Requirements for EPOS Loans
Before you start applying for EPOS loans, you must remember that you need to qualify for the loans first.
You need to meet the specific requirements as a loan applicant. You must be a resident of Japan. If you are a foreigner, you must have the proper documentation to support that you are eligible for the loan.
Applicants must have a stable source of income and must meet the age requirement for an EPOS card, which is also their credit card. All applicants must pass the credit check.
Contact Details
For more information, you can contact the partner driving school or you can dial the number 03-3383-0101 to reach their customer service department.
You can also visit any affiliated driving school with EPOS loans or you can check their main office located at 4-3-2, Nakano, Nakano-ku, Tokyo 164-8701.
Applying for the EPOS Loan
To apply for the EPOS Loan, you will need to follow several steps. Applying for the EPOS loan, especially for the driver's license loan is not your typical loan application.
Check out how you can apply for the EPOS driver's license loan down below.
Research and Choose
The first thing you need to do is to research which driving school in Japan you would like to learn how to drive. Make sure that they are also a partner of EPOS so you can directly apply for the loan in their office.
Check the fees and services so you'll know the amount you need to loan as well. If you apply directly at the driving school, they will direct the loan to the school to simplify the process.
Submit Your Application
Bring your requirements with you to the driving school and apply. Fill out the application form with your details and provide the necessary documents including your income details as well as the details of the driving school.
Check the terms and conditions as well as for errors before you submit.
Credit Check and Loan Approval
EPOS will then conduct a credit check to determine your qualifications for the loan. This process can take a few minutes as the records are reviewed.
This will also help determine the loan amount as well as the interest rates for you.
Once approved, you should receive the loan approval, and depending on the arrangement, you have the option to disburse the amount directly to the driving school or to your bank account.
Conclusion
The EPOS Loan is a very accessible and important loan for those who want to learn how to drive in Japan. It offers a valuable financing option for those who cannot afford driving school and obtain a driver's license in Japan.
Make sure you're qualified before applying so you can have the best experience during your application.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
