Loans can be used to acquire a driver's license! Commentary on interest rates, screening criteria, and recommended loans

For those who can't prepare a large amount of money but want to get a driver's license right away, a driver's license loan is convenient. There are driver's license loans that can be used by students, minors, housewives, and those who are unemployed while changing jobs. Therefore, we explain the types of driver's license loans, interest rates, and examination standards. In addition, we will introduce recommended driver's license loans and the application flow for each user.

[Points of this article] ✔ License loans can be used by minors, students, and housewives ✔ No down payment required, there are license loans that allow skip payments

Can students and housewives use a driver's license loan?

In general, it is said that underage students, housewives, and unemployed people who are in the process of changing jobs have difficulty passing the loan examination. However, loans to obtain a driver's license may be available subject to conditions. So, what kind of driver's license loan can be used by students, housewives, etc.? Let’s take a look at the types and features of driver’s license loans.

What is a driver's license loan?

A driver's license loan is a loan intended to be used for the cost of obtaining a driver's license. If it is difficult to pay the license acquisition cost in a lump sum, you can pay the cost in installments by using a driver's license loan.

In order to use a driver's license loan, it is necessary to pass a prescribed examination like a general mortgage or car loan. In addition, since there is a burden of interest separately from the amount borrowed, the final payment amount will be larger than a lump sum payment.

Types of driver's license loans

Driver's license loans are mainly divided into three types: consumer credit loans, bank loans, and university co-op loans. First, let's take a look at the characteristics of each loan.

・ Loans provided by credit companies is characterized by the fact that underage students and housewives over the age of 18 can apply in their own name. In the case of students, the income of the person with parental authority, and in the case of a full-time housewife, the income of the spouse is also a point of examination. There are various payment methods such as skip payment that allows you to select the payment start month, and it will be easy to use.

・Bank-affiliated loans Some loans provided by financial institutions such as banks and credit unions can be used for personal car loans for the purpose of obtaining a license. Bank loans have the advantage of low interest rates, but in most cases, the condition is that the person is over 20 years old and has a stable income, and the screening process is strict. If it is a bank card loan, even housewives and job seekers may pass the examination by attaching a guarantor.

・University Co-op Loans Loans provided by university co-ops can be used by students of participating universities. It is easy to use even for underage college students, and the interest rate is more conscientious than credit companies. However, there are also disadvantages, such as the use being limited to affiliated driving schools and the requirement that a person with parental authority be a joint guarantor.

What are the interest rates and screening criteria for driver's license loans?

When applying for a driver's license loan, you may be concerned about the interest rate and the conditions for passing the examination. Here, we will introduce the guideline of the interest rate and the examination criteria when actually using it.

What is the interest rate for a driver's license loan?

The lowest interest rate among the loans that can be used to obtain a driver's license is a car loan from a bank, which is around 0.9% to 4%. However, in the case of a bank card loan that even housewives can apply for, it is about 1.5 to 18%.

University co-op loans are 9%, credit sales loans are roughly 13%, although it varies depending on the affiliated driving school. If the conditions are met, it will be easier to reduce the total repayment amount by choosing a bank car loan with a low interest rate.

What are the screening criteria for a driver's license loan?

The following three points are the main things I would like to pay attention to when reviewing a driver's license loan.

●Age You must be 20 years of age or older and have a stable income, and cannot be used by underage students. Since many of those who want to obtain a driver's license are students, credit sales loans and university co-op loans are flexible.

●Income and years of service For loans, annual repayment ratio to annual income is 30% or less, and the number of years of service is more than 1 year. In credit sales loans, if the income of the person is insufficient, the income of the householder and the number of years of service are also subject to examination. In addition, any loan can be favorably reviewed by having a joint guarantor, but for university co-op loans, it is mandatory to have a person with parental authority as a joint guarantor at the time of application.

●Credit Information If your past credit information has flaws in your credit history, such as delinquency, you may not be able to pass the examination. In addition to debt delinquency and debt consolidation, unexpected points such as delinquency in mobile phone charges will be subject to examination, so be careful.

How to choose a loan for each user

Here, we will introduce recommended driver's license loans according to the user's situation.

What loans are available for students?

Students can use EPOS card driver's license credit, APLUS driver's license credit, and university co-op loans. Epos Card driver's license credits allow students to choose the payment start month within 6 months, and skip payment is possible, and can be applied for from the third year of high school. APLUS driver's license credit is advantageous if you want to get a license quickly because the examination is speedy. University co-op loans can only be used by union members, but the interest rate is 9%, which is better than credit loans.

Which loans are available for housewives?

Housewives can use Orico's driver's license credit R, Cedyna's driver's license credit, etc. Orico's driver's license credit R may pass the examination even for housewives, and it can be examined on the same day. In addition, no down payment is required, up to 48 installments can be paid, and the repayment amount can be increased or early repayments can be made, allowing flexible repayment according to household finances.

Cedina's driver's license credit can be paid in installments up to 60 times, and even non-students can skip payments, so it's attractive to be able to start paying after obtaining a license. Bank loans may also be available if you have household income.

Which loans can I use during my job change period?

Even during the job change period, you can use APLUS driver's license credit, consumer finance card loans, and local government loan systems. You can apply for APLUS driver's license credit online, and you will receive the examination results on the same day. It is recommended for those who are in a hurry to obtain a license because no down payment is required and even part-time workers can apply. Part-time workers can also apply for card loans such as Acom and Aiful.

People who are unemployed and have no income basically cannot get a loan, but we may be able to borrow from local government systems such as emergency small loan and job seeker support fund loan system, so please consider it. prize.

How to apply for a driver's license loan

In order to use a driver's license loan, you can either ask the driving school window to introduce you to a loan from a partner company, or choose the loan you want to use yourself and apply for a loan at a financial institution. You can also apply from the window such as. Let's take a look at the necessary preparations and the application process.

Preparation required for examination

There are loan companies that allow you to apply for a driver's license loan online, so the procedure is not that difficult. After confirming the application requirements, submit an ID card that contains basic information such as your name, address, and age, a bank passbook or card that you will use for repayment, a registered seal, and a salary certificate that proves that you have a stable income. It's a good idea to prepare as needed.

Students and housewives may be asked for documents that prove the name of the head of the household or parental authority and annual income including tax. Minors may also require parental consent.

Application flow

When using a driver's license loan, first apply for the loan, pass the examination, and then proceed with the procedure for entering the driving school. It may take several days to several weeks for the application to be reviewed, so be sure to apply well in advance.

If you apply to a partner loan company at the window of the driving school, you can apply for the examination at the same time as the admission procedure, so it is an advantage that there is little hassle. Many of the procedures can be done online, and if you pass the examination, you can enter the school immediately. Bank loans tend to take time to understand the examination results, so be careful if you are in a hurry to obtain a license.

For those who want to get a driver's license quickly and cheaply, we recommend the training camp license

The driving camp license allows you to obtain a driver's license in as little as two weeks, and accommodation and meals are included in the price. . It is often cheaper than going to a driving school in total, and it is recommended if you can secure a coherent schedule.

In addition, you can use a driver's license loan even with a training camp license. In many cases, you can apply for a partner loan at the same time as the enrollment procedure from the website where you can apply for a training camp license. If you need to get a license in a hurry, consider a training camp license.

Once you get your license, get your own car! If you want to get a new car cheaply, car leasing is recommended.

Once you get your license, you can get your own car by purchasing it.

Car leasing allows you to own a car for a fixed fee

Car leasing is a car subscription service that allows you to rent a car for a fixed monthly fee and use it like your own car. You can drive your own new car for a fixed monthly fee without any initial costs, and just return the car at the end of the lease period. In addition, taxes and liability insurance premiums are included in the monthly flat rate, so even beginners can easily predict the cost of a car and easily get a new car.

In car leasing, you can reduce the vehicle price you pay by deducting the "residual value", which is the deemed price of the car at the time of lease expiration, from the vehicle price in advance. This residual value system allows you to get a new car at a great price.

You can choose your favorite new car from a wide variety of models

In car leasing, new cars are prepared according to the user's wishes, so you can choose your favorite car from a wide variety of models. . Unlike rental cars and car sharing, the cars you can choose from are limited, and you don't share them with others. You can also choose a car model and grade according to the amount you can pay each month.

Vehicles handled vary depending on the leasing company. With "Tokuni My Car Fixed Price Karumo-kun", you can choose your favorite new car from all domestic car models and grades, so not only for those who have decided on the car they want to drive, but also for those who do not know how to choose a car. it's recommended.

If you use "Takuni My Car Fixed Amount Karumo-kun", you can drive your own car with no down payment and only 10,000 yen per month. Make preparations early so that you can own a car at the same time as you get your license. Car Lease Fixed Price Karumo-kun allows you to get a new car with no down payment, no bonus payments, and no registration fees.

You can get a new car at the lowest price* in Japan

Fixed-price Carmo-kun car leasing starts from around 10,000 yen per month. With the lowest price* in Japan, you can get a new car without putting a burden on your family budget. The monthly fee includes various taxes, compulsory automobile liability insurance, fees, etc., so you don't have to worry about large expenses when you start or continue to ride.

* Monthly fee for services that lease new cars for individuals at a completely fixed price (no down payment, no bonus payment, closed-end contract) among all companies belonging to the Japan Automobile Leasing Association Federation is the lowest price in Japan (July 13, 2021, according to Stella Associe Co., Ltd.)

Extensive support and peace of mind even for first-timers

Carmo-kun has a full-time car concierge who can discuss anything about cars. In addition to being able to consult with you about choosing a car, making an application, and car troubles during the contract period, it is not limited to car leasing, but it also suggests how to own a car that is close to the user. Consultation is also possible from email and line besides the phone.

Immediate delivery service available

Whether you purchase or lease a car, it usually takes 1 to 3 months to deliver the car. Delivery is possible in as little as 3 weeks*². Please apply as soon as possible, as the number and types of cars available for immediate delivery are limited. It is very convenient for those who need a car immediately because it will be delivered to your home without having to visit the store.

Learn more about fixed-price Carmo-kun instant delivery

*² Depends on the time of year, the situation, your area of ​​residence, etc.

There is a trial review

Leasing a car also has a review just like a loan. For those who are worried about passing the inspection or who are in a hurry to deliver the vehicle, it is convenient to apply for a trial inspection online and receive the inspection results usually the next day.

In the trial examination, you can change the car model after passing the examination, so if you proceed with the car selection in parallel with the examination, you can speed up the delivery. In addition, it is possible to cancel after taking the examination only, so even if you have not decided to use the car lease, it is a good idea to try to pass the examination.

Let's use a driver's license loan to drive a car systematically

It takes time to obtain a license. If you don't have a lot of expenses, take advantage of the driver's license loan and get your license while you have time to go to the driving school. In addition, when borrowing, it is important to choose a loan that matches your income and expenditure and use it systematically.

Once you get your license, how about starting your car life with a car lease that allows you to own a car at a flat rate?

* Those who have applied from this linked page by March 15, 2022 and have reached a contract after that (contract date can be after the period)

Frequently Asked Questions

Q1: Can students and housewives use driver's license loans?

A: Yes, it is possible. Credit sales loans can be applied for by minors, and there are some that allow skip payments that allow you to choose the repayment start month, and some that have a large number of payments, so it is easy for students and housewives to use. Depending on the conditions, bank loans and university co-op loans may also be available.

Q2: Which driver's license loan do you recommend?

A: Epos card driver's license credit or university co-op loan for students, Orico driver's license credit R or Cedyna driver's license credit for housewives, Aplus driving for those who are changing jobs License credits are recommended. Choose a loan that meets your own conditions, such as interest rates, application requirements, and number of repayments.

Q3: How can I get a car soon after I get my license?

A: Car leasing with immediate delivery service is recommended. You can get a car at a low price with a fixed monthly fee, as well as fast delivery. In addition to the immediate delivery service, Karumo-kun offers many other services that will make first-time car owners happy.

*The content of the article is based on information from June 2021.