Insights from Cocomoola's Bank Card Loan Survey
In June 2025, Cocomoola conducted an internet-based survey aimed at understanding users' preferences and experiences regarding bank card loans in Japan. The survey aimed to gather insights directly from consumers, giving a clearer picture of who is using these loans and what factors influence their decisions.
Top Bank Card Loans in Japan
The survey revealed the top three most utilized bank card loans were:
1.
Mitsubishi UFJ Bank Card Loan - Bank Quick
2.
Rakuten Bank Super Loan
3.
Sumitomo Mitsui Bank Card Loan
These three options represent a significant portion of the banking card loan market in Japan, highlighting a trend towards established and trusted financial institutions for loaning services.
Income Levels of Successful Applicants
When analyzing the income level of those who passed the loan screening process, it was found that approximately 26% of respondents earned between 3 million to under 5 million yen annually. Additionally, around 35% reported earning below 3 million yen. This suggests that a significant number of applicants come from lower income brackets, possibly indicating broader access to lending solutions.
Employment Verification Experiences
The survey further delved into the employment verification process during loan applications. About 29% of respondents indicated they experienced employment verification, while a substantial 40% stated that no verification occurred. This disparity highlights differences in the lending practices and thoroughness of financial institutions when assessing applicants.
Survey Methodology
The data was collected through a standardized online research tool, Freezy. The survey targeted experienced users of bank card loans, consisting of 185 respondents — 161 men and 24 women.
Reasons for Choosing Specific Bank Loans
When asked why they favored certain bank card loans, respondents indicated multiple reasons:
- - Low-interest rates (38.92%)
- - Trust and reliability (36.76%)
- - Familiarity with their bank (31.89%)
- - High credit limits (18.38%)
- - Lower ATM transaction fees (17.84%)
This data underlines the desire for financial security and cost savings among consumers when selecting financial products.
Duration of Loan Approval Process
Participants were also asked about the timeframe they experienced for loan approval. The results showed:
- - Within 1 hour: 17.30%
- - Up to 3 hours: 10.27%
- - Within a day: 11.35%
- - More than a week: 2.16%
A significant 33.51% of respondents couldn't recall the approval duration, indicating varying experiences and possibly a lack of transparency during the loan process.
Cocomoola: A Source of Knowledge
Cocomoola stands out as an informative platform, aimed at allowing users to explore and compare various product offerings that directly affect their daily lives. Their mission is to empower users to make informed choices. Cocomoola's insights into bank card loans ultimately aim to provide valuable resources for potential applicants navigating financing options in Japan.
In addition to the findings, Cocomoola ensures users receive all necessary information to make the best financial decisions. With a committed team working to deliver comprehensive insights into banking services, their approach continues to foster smarter consumer choices across Japan.
Cocomoola’s ongoing evaluations and user-centric research reiterate the importance of understanding consumer needs and preferences in an ever-evolving financial landscape.