Here are the criteria for applying for a loan when a foreigner purchases real estate in Japan:
- Date of Birth
- Name of the company where you work
- Can you communicate in Japanese?
- The contract is only available in Japanese. Can you understand it?
- How much self-funding do you have?
For taking out a loan:
- Interest rate: Around 1.5% to 2%
- Variable interest rate
- Maximum term: 35 years
- Mortgage insurance is mandatory
