Which card loan is better in the end? Compare Aiful, Promise, and SMBC Mobit!

Compared to the past, game software is more easily affordable, but on the contrary, gaming PCs and other gaming devices have recently become quite expensive. However, students and newcomers to the workforce are finding it difficult to afford expensive products... Some of you may have purchased a gaming PC using a shopping loan affiliated with a store. If you have already taken out a shopping loan, you may have already purchased a gaming PC.

However, if you have already taken out a shopping loan, you may not be able to get a new shopping loan. I want to buy a new product right away...! But I can't get a shopping loan either...! In such a case, we would like to recommend a card loan.

Although you may have a negative image of card loans with high interest rates, you can use them with peace of mind if you plan your purchases properly. First of all, I would like to explain the difference between shopping loans, card loans, and credit cards.

Debt? Difference between Shopping Loan and Credit Card Loan

The word "debt" may not give you a good image, but the word "loan" is a financial service that abounds in our daily lives. For example, a car loan for buying a car, a mortgage loan for buying a house or an apartment. Credit cards are also debt in the broad sense of the word. However, most people do not think of credit cards as debt. Credit cards are more like "deferred payment.

Shopping loans are also common at electronics retailers.

It is a familiar money hack to save up money for a product you want to buy, but when a new product comes out and you think, "I want it! However, if a new product comes out and you think, "I want it!" but while you are saving up money, it becomes obsolete or sold out, making it difficult to obtain, you may find yourself unable to purchase it in the first place. Especially for flagship cameras and other expensive products that exceed the credit card limit, electronics retailers offer shopping loan services in cooperation with loan companies. For example, manufacturers and electronics retailers offer the following shopping loan services

Mass retailers and manufacturers	Consumer credit companies	Fees and interest rates
Bic Camera	Orico	No installment fee No interest rate for up to 36 installments
Kojima	Orico	No installment fee No interest rate for up to 36 installments
Yamada Denki	JACCS	No installment fee No interest rate up to 60 installments
Tsukumo	JACCS	Installment fee 1.5 yen per 100 yen Interest rates from 9.10%.
Sony	JACCS	No installment fee No interest rate for up to 24 installments
Apple	Paidy	No installment fee Up to 36 installments with no interest rate
Mouse Computer	JACCS	No installment fee No interest rate for up to 36 installments
DELL	JACCS	No installment fee No interest rate for up to 36 installments
HP	Orico	No installment fee No interest rate for up to 36 installments
ASUS	-ASUS	Shopping loan not available

As you can see, many stores offer shopping loans. "So why not just buy with a shopping loan? " you may think, but shopping loans have the following advantages and disadvantages.

Advantages of Shopping Loans

No or low interest rates and fees
Safe because it is affiliated with a store
Many of the affiliated loan providers are major consumer credit companies

On the other hand, disadvantages are...

Strict screening process
You can't choose which consumer credit company to take out the loan with.
If you have already taken out a shopping loan, you may not be able to use it.
Awkward if you fail the screening
Points awarded will be reduced or not accumulated
You can only apply for a loan when you purchase a product.

As described above, shopping loans have many disadvantages, such as the fact that you cannot choose where to borrow the loan because of the strict screening process, even though the interest rates and fees are very reasonable.
Furthermore, if you decide to purchase a product after negotiating and consulting with the store clerk, and you apply for a shopping loan and are not approved, there will be an awkward atmosphere. It would also be a shame to have a negative image of the store, even though you have been a regular customer and a good customer. What I would like to recommend there is actually a card loan.

Card loans that are surprisingly affordable and convenient?

When you hear the word "card loan," you may have a negative image of high interest rates, but in fact, card loans are more economical and secure than credit cards or shopping loans.

Advantages of Card Loans

Can be applied for from a small amount
Easy to be approved
Easy application process and quick approval
Once you sign a contract, you can use it anytime
Can be used for any purpose
Interest rates are lower than credit card cash advances in some cases
No enrollment or annual fee
Offered not only by consumer credit companies but also by major banks

As you can see, there are many unexpected advantages. With shopping loans, there are many restrictions, such as the amount of purchase that must be above a certain amount to use the loan, or the products for which the loan can be taken out. Credit cards also have a cash advance facility, but in fact, a credit card cash advance is the same as a credit card loan.

A credit card loan is called a card loan because you use your card to borrow cash at an ATM, so the mechanism and nature of a card loan is the same as using a credit card to get a cash advance at an ATM. In this light, it is safe to regard credit cards without international brands such as Visa, Mastercard, or JCB = card loans.

Comparison of each service

	Credit card	Shopping Loan	Card Loan
Screening	Depends on the card	Strict	Easy to pass
Where to use	Only at stores that accept credit cards	Only affiliated stores	Can be used anywhere
Limit	Depends on the card	High	Low
Providers	Offered by many industries	Mostly provided by consumer credit companies	Offered by major banks as well as consumer credit companies
Interest rates	Cash advances are high	Cheap	Cheap
Points awarded	None or less	None or less	Yes

As you can see, the card loan is considerably more profitable, isn't it? You may think it is a lie that a credit card and a card loan are more profitable, but let's compare a credit card cash advance and a card loan at SMBC Group.

	Sumitomo Mitsui Card	SMBC Card Loan
Cash advance interest rate	18.0% (18.0% for a credit card)	Interest rate 1.5-14.5% per year
Annual fee	Yes	None
Repayment period	Up to 4 years, 1 month, 49 times	Up to 15 years, 1 month, 181 times
Repayment Method	Fixed repayment of principal and interest	Monthly fixed repayment of principal
Lump-sum repayment	Procedure Required	Possible

As you can see, credit card loans are far more economical in terms of interest rates and repayment periods. In addition, credit cards have traps (?) such as revolving repayments. In addition, credit cards have traps such as revolving repayments, which incur more and more fees and do not reduce the principal amount. It is a mistake to say that credit card loans are dangerous because they are debt and credit cards are safe. (Of course, it depends on how you use the credit card.)

Don't just apply for one when you need one, make one in advance!

I have introduced the various advantages of card loans, but unlike shopping loans, card loans have the advantage that you can apply for them even if you don't use them. Even if you do not have an immediate need for a card loan, it is very convenient to apply for a card loan in advance and have even a 100,000 yen limit so that you can use it immediately when you suddenly have an urgent need.

Card Loans Recommended by the Editorial Department

Now that you understand the merits of card loans, you may be wondering, "Which card loan do you recommend? We are worried about "Which card loan do you recommend? So, we would like to introduce some card loans carefully selected(?) by our editorial department. We would like to introduce some card loans that have been carefully selected(?) by our editorial department.

SMBC Mobit" that does not call your workplace and allows you to use your T-Points for repayment

SMBC Mobit" is a card loan provided by SMBC Group's SMBC Mobit, which was originally operated by Sanwa Bank (now Mitsubishi UFJ Bank) and became a wholly owned subsidiary of SMBC Group in December 2017.

Here are some of the benefits of SMBC Mobit.

Earn T-points on repayments & use T-points for repayments!
Mastercard, which combines a T-card and a card loan, is also issued
With Seven Bank and Lawson Bank, you can make deposits and withdrawals only with your smartphone!
You can also use ATMs of Sumitomo Mitsui Banking Corporation and Promise!
No phone calls to confirm your employer's status
The lowest interest rate is 3%!

The best feature of SMBC Mobit is that you can earn & use T Points. Since it is an SMBC group company, there are no fees at SMBC ATMs, and at Seven Bank and Lawson Bank ATMs, you can make deposits and withdrawals with just your smartphone, no card required. It is quite convenient that you don't have to carry your card around on a regular basis.

We can transfer money in as little as 10 seconds! Promise with an upper annual interest rate in the 17% per annum range.

Promise" is a card loan provided by SMBC Consumer Finance Corporation, which is also a member of the SMBC Group. SMBC Mobit, which was introduced earlier, is a wholly owned subsidiary of SMBC Consumer Finance, and Promise is the parent company of Mobit. And since SMBC Card Loan and Promise have different service names and borrow from SMBC Consumer Finance, SMBC Card Loan = SMBC Consumer Finance = Promise.

Here are some of the advantages of Promise.

There is a dedicated Promise ATM.
Up to 1,000 V-Points for first-time signers
No interest for up to 30 days
Maximum interest rate of 17.8%.
As a general rule, loans can be borrowed in as little as 10 seconds, 24 hours a day, 365 days a year
ATMs of Sumitomo Mitsui Banking Corporation available!
No phone calls to confirm enrollment at your place of work
For loans of 500,000 yen or less, screening is based on personal identification only
Inquiries can be made on line

Perhaps the most attractive feature is that interest is free for up to 30 days for first-time customers only. First-time card loan customers can rest assured that Promise is the best choice for them. Furthermore, telephone consultation is available at the loan agreement corner in the SMBC branch, which is quite convenient and secure. This is a service that Mobit does not offer, even within the same SMBC group.

Also, while Mobit only has a store attached to the SMBC ATM corner, Promise has a dedicated Promise store. Of course, you can also use SMBC ATM corners, but the large number of stores is also attractive.

Maximum borrowing limit of 8 million yen! Lowest interest rate of 3%, ACOM!

Acom Corporation, a member of the Mitsubishi UFJ Financial Group, provides the "Acom" card loan service. You may have heard of the "munjin-kun" (automated teller machine) when talking about ACOM. Acom has "munjin-kan" (automated teller machine) machines located at various locations, which are very convenient for urgent use, and of course, can be used at ATMs in major convenience stores!

Here are some of the advantages of Acom.

There are 755 dedicated "munjin-kun" ATMs nationwide.
No interest for up to 30 days
Lowest interest rate of 3%.
Loans can be borrowed in as little as 10 seconds, 24 hours a day, 365 days a year in principle
ATMs of Sumitomo Mitsubishi UFJ Bank are also available.
3-second diagnosis is available to see if you will pass the screening!
No confirmation of employment at your place of work in principle!
Cards can be issued on the spot at a munjin-kun!

Acom has a maximum borrowing limit of 8 million yen, which is larger than other companies. Cards can be issued on the spot at a munjin-kun, so if you need money in an emergency, you can go to a munjin-kun, sign a contract on the spot, and cash out your loan on the spot! You can also sign up at loan contract corners located in Mitsubishi UFJ bank branches, which is quite safe.

Promise also has dedicated Promise stores, and Acom also has 755 "munjin" stores nationwide.

Each of these card loan companies differ greatly in terms of interest rates, loan speed, credit limits, and interest-free periods.
All three companies support a web-based application method, and all three companies share the fact that there is no mailed application process if the application is completed on the web.

Company Name	Promise	Aiful	SMBC Mobit
Interest Rate	4.5% - 17.8	3.0% to 18.0	3.0% to 18.0
Loan speed (minimum)	25 min.	25 min.	Same day
Loan Limit	5 million	8 Million	8 million
Interest free period	Up to 30 days	Up to 30 days	-30 days
Application Method	Web completion	WEB Completion	Web Completion
No home mail	circle	Yes	No mail from home

10-second minimum transfer! Promise with an upper annual interest rate in the 17% range

Promise allows borrowers to borrow at <b< lower upper limit interest rates than any other major consumer finance company .
The upper limit interest rate for general consumer loans is 18%, but Promise has an upper limit of 17.8%, which is 0.2% lower.

Another feature is that the entire process of application, borrowing, and repayment can be completed on the web. Since there is no need to visit a store or receive a letter in the mail, borrowing can be done without being noticed by others.
In addition, loans can be transferred in as little as 10 seconds, 24 hours a day, 365 days a year. This is very convenient when you need money unexpectedly, and the fact that there are no transfer fees no matter when you borrow is a great point.

In addition, an interest-free period of up to 30 days applies to first-time borrowers. This is ideal for those who want to reduce the amount of money they pay, as long as the loan can be paid off within 30 days of borrowing, with virtually no interest.

Loans in as little as 25 minutes! Aiful is convenient for those who need money quickly.

AIFUL offers the fastest loans among major consumer finance companies, with loans available in as little as 25 minutes. *For web applications
After applying for a loan, those who are in a hurry can call the toll-free number to receive priority screening.

In addition, transactions can be made with a single smartphone, and loans can be taken out in increments of 1,000 yen even when money is urgently needed.
Even if there is no AIFUL ATM or affiliated bank ATM nearby, you can use ATMs at convenience stores for transactions, so you can borrow as well as repay loans at convenience stores.

Furthermore, if you apply online, you can make transfers 24 hours a day, 365 days a year. As with Promise, an interest-free period of up to 30 days applies to your first use, so you can keep the total amount of interest paid low.

Learn more about Aiful!

No phone calls to the workplace! SMBC Mobit allows you to use your T Points for repayment!

SMBC Mobit allows you to use T Points for repayment , and each point can be used as 1 yen.
It is also the only card loan company that allows you to earn T Points just by repaying your loan, and you can earn 1 point for every 200 yen of interest you pay.

It is the only card loan company that publicly states that they do not call your workplace, and if you complete the web application, they will not call your workplace. With no need to worry about your boss or co-workers finding out about your borrowing, you can receive your loan with peace of mind.

The borrowing limit is as high as 8 million yen, and you can check your usage status and repayment amount at every step through the official smartphone application. Screening time is a minimum of 30 minutes, and same-day loans are also available.

Borrowing only! Please plan your use carefully.

A card loan is a service to borrow money. It is important to use them systematically, as well as in amounts you can afford to pay.

There are many card loan companies, which are divided into bank card loans and consumer credit card loans.
Consumer credit card loans offer many advantages such as fast screening and loan processing times and interest-free periods, but bank card loans are superior when it comes to interest rates.

Choose the card loan company that best suits your needs and use the card loan systematically.

Sorry, this article is only available in Japanese. at the moment.