As part of our posts about real estate loans in Osaka, we present this guide to banks and financial institutions that offer real estate loans to foreigners in Osaka.
In this guide, we introduce details focused on Osaka real estate loans for foreigners, including both Japanese mortgage loans for foreigners and specific details on real estate investment loans for foreigners in Osaka.
See more on each of these topics below.
Overview of Real Estate Loans for Foreigners in Osaka
Many foreigners are interested in purchasing real estate in Osaka, both residential and investment property. While most foreign buyers complete real estate purchases in all-cash deals, some international buyers work to find a mortgage loan or a real estate investment loan for Osaka property.
It is possible to get a loan to buy property in Osaka, and there are several banks or financial institutions that are willing to lend money to foreign residents, business owners, and international real estate investors to buy Osaka real estate.
The criteria to get a loan for a mortgage or a loan for a investment property are slightly different, but most of the important requirements are the same, such as residency status, Japanese language ability, stable income, and the location of the property.
Some international and nationwide banks in Japan, particularly those in major metropolitan areas such as Tokyo and Osaka, provide English-language support for clients, and accept mortgage applications from borrowers that do no have permanent residency.
However, at many local banks in Osaka, permanent resident status and Japanese language ability are commonly required or strongly considered during the loan application process. This is because consultations, loan agreements, and important disclosures are generally conducted in Japanese. As a result, foreign applicants seeking financing through local banks in Osaka should be prepared to meet these additional requirements.
Can Foreigners Get a Loan to Buy Property in Osaka?
Yes, foreigners can get loans to buy property in Osaka.
Compared to native Osaka borrowers, it is typically much more difficult for foreigners to borrow money to buy Japanese real estate but there are banks in Osaka that provide loans to foreigners.
For most foreigners, the best place to start looking for a loan to buy Osaka property will be with banks that specifically offer loans to foreigners. While there are local banks, and the equivalent of credit unions, that offer real estate loans to the local Japanese, international buyers will struggle to meet the criteria of local banks.
Foreigner-friendly banks are familiar with international clients and non-Japanese applicants. There are some banks that provide support for multiple languages (English and Chinese). Some examples of foreigner-friendly banks include Suruga Bank and SBI Shinsei Bank, both of which are known for offering services to international residents in Osaka.
List of Banks in Osaka that Provide Mortgages to Foreigners
Here is a list of Japanese banks that offer mortgage loans to foreigners to buy a personal residential in Osaka:
Suruga Bank
— Language: Must understand agreement in Japanese
— Residency: Does provide loans for foreigners without permanent residency
— Location: Offers loans to foreigner for Osaka property
— Minimum Income: 4,000,000 JPY
— Minimum Loan: 300,000 JPY
— Maximum Loan: 600,000,000 JPY
— Interest Rate: 1.525 (no PR), 1.075 (with PR or Japanese)
— Prepayment Terms: Partial prepayment 11,000 JPY, full prepayment 33,000 JPY
— Administration Fee: 2.2% of the loan amount
— Website: https://www.surugabank.co.jp/surugabank/
— Address: 8F, JRE Midosuji Daiwa Building, 3-6-8 Kyutaromachi, Chuo-ku, Osaka
SBI Shinsei Bank
— Language: Must understand agreement in Japanese, English, or Chinese
— Residency: Does provide loans for foreigners without permanent residency
— Location: Offers loans to foreigner for Osaka property
— Minimum Income: There is no minimum annual income requirement
— Minimum Loan: 10,000,000 JPY
— Maximum Loan: 1,000,000,000 JPY
— Interest Rate: 3.2 – 4.2%
— Prepayment Terms: 2.0% of principal
— Administration Fee: 2.2% of the loan amount
— Website: https://www.sbishinseibank.co.jp/english/
— Address: 19F, Hankyu Grand Building, 8-47 Kakuda-cho, Kita-ku, Osaka (Umeda financial center), Midosuji Grand Building 2F, 2-2-3 Namba, Chuo-ku, Osaka (Namba financial center)
Tokyo Star Bank
— Language: Must understand agreement in Japanese
— Residency: Does NOT provide loans for foreigners without permanent residency
— Location: Offers loans to foreigner for Osaka property
— Minimum Income: Offers loans to both individuals or Japanese corporations (assent management company only), business history over 3 years for self-employed and full time employee and income 5,000,000 JPY or more in the previous year
— Minimum Loan: 20,000,000 JPY
— Maximum Loan: 200,000,000 JPY
— Interest Rate: 2.5 – 2.6 %
— Prepayment Terms: Within 1 year: 2 % of the principal amount / 1-3 years: 1.5% / 3-5 years: 1.0% / more than 5 years: 0.5%
— Administration Fee: 2.2% of the loan amount
— Website: https://www.tokyostarbank.co.jp/foreign/en/
— Address: 2-12-7, Sonezaki, Kita-ku, Osaka
Mitsubishi UFJ Bank
— Language: Must understand agreement in Japanese, English, or Chinese
— Residency: Does NOT provide loans for foreigners without permanent residency
— Location: Offers loans to foreigner for Osaka property
— Minimum Income: There is no minimum annual income requirement
— Minimum Loan: 5,000,000 JPY
— Maximum Loan: 300,000,000 JPY
— Interest Rate: 1.4 – 3.0%
— Prepayment Terms: Partial prepayment 16,500 JPY, full prepayment 33,000 JPY
— Administration Fee: 2.2% of the loan amount
— Website: https://www.bk.mufg.jp/global/
— Address: 3-5-6, Fushimimachi, Chuo-ku, Osaka
SBJ Bank
— Language: Must understand agreement in Japanese
— Residency: Does NOT provide loans for foreigners without permanent residency
— Location: Offers loans to foreigner for Osaka property
— Minimum Income: 4,000,000 JPY
— Minimum Loan: 1,000,000 JPY
— Maximum Loan: 2,000,000,000 JPY
— Interest Rate: 3.525 – 4.025%
— Prepayment Terms: 2% of the repayment amount
— Administration Fee: 2.2% of the loan amount
— Website: https://www.sbjbank.co.jp
— Address: 3F, TODA BUILDING Shinsaibashi, 4-4-21, Minamisenba, Chuo-ku, Osaka
Prestia SMBC
— Language: Must understand agreement in Japanese or English
— Residency: Does provide loans for foreigners without permanent residency
— Location: Offers loans to foreigner for Osaka property
— Minimum Income: 10,000,000 JPY
— Minimum Loan: 10,000,000 JPY
— Maximum Loan: 500,000,000 JPY
— Interest Rate: 0.89 – 2.8%
— Prepayment Terms: Partial prepayment 5,500 JPY, full prepayment 44,000 JPY
— Administration Fee: 2.2% of the loan amount
— Website: https://www.smbctb.co.jp/en/
— Address: 2F, Osaka Dai-ichi Seimei Bldg., 1-8-17 Umeda, Kita-ku, Osaka (Umeda Branch), 14F, NAMBA SkyO, 5-1-60 Namba, Chuo-ku, Osaka (Namba)
For more information, see our list of banks that offer residential mortgage loans to foreigners in Japan.
Real Estate Investment Loans in Osaka
Foreign-born real estate investors that meet certain criteria can find a loan to buy investment property in Osaka.
For example, investors who hold Japanese permanent residency, are fluent in Japanese, and have established a company in Japan, are generally more likely to qualify for Osaka real estate investment loans. Major metropolitan areas in Japan – such as central Tokyo or Osaka – usually have more financing options available to foreign buyers, as many lenders prefer properties in larger cities.
See our other article for more general information about real estate investment loans for foreigners in Japan.
List of Banks That Provide Real Estate Investment Loans in Osaka
Financial institutions offering real estate investment loans to foreign borrowers in Osaka can generally be divided into two categories: banks that require the borrower to have Japanese language skill, and banks that provide multilingual support (such as English or Chinese).
Banks that Require Japanese Language Skill
— Suruga Bank
— Orix Bank
— Mitsubishi UFJ Bank
— L&F Asset Finance
— JFC (Japan Finance Corporation)
Banks that Provide Support in English/Chinese
— Prestia SMBC Bank
— SBI Shinsei Bank
— Yen Loans Tokyo
Suruga Bank
— Language: Must understand agreement in Japanese
— Residency: Does NOT provide loans to foreigners without permanent residency
— Location: Offers loans to foreigner for Osaka property
— Ownership: Offers loans to both individuals and Japanese corporations
— Minimum Loan: Depends on the conditions
— Maximum Loan: 1,000,000,000 JPY (both individuals and corporation)
— Interest Rate: 1.9%
— Prepayment Terms: Within 5 years: 2% of the loan / after 5 years: 11,000 JPY
— Address: 8F, JRE Midosuji Daiwa Building, 3-6-8 Kyutaromachi, Chuo-ku, Osaka
Orix Bank
— Language: Must understand agreement in Japanese
— Residency: Does NOT provide loans for foreigners without permanent residency
— Location: Offers loans to foreigner for Osaka property
— Ownership: Offers loans to both individuals or Japanese corporations
— Minimum Loan: 20,000,000 JPY
— Maximum Loan: 200,000,000 JPY
— Interest Rate: 2.5 – 2.6%
— Prepayment Terms: Within 1 year: 2 % of the principal amount / 1-3 years: 1.5% / 3-5 years: 1.0% / more than 5 years: 0.5%
— Address: ORIX Hommachi Building, 1-4-1 Nishihommachi, Nishi-ku, Osaka
Mistubishi UFJ Bank
— Language: Must understand agreement in Japanese
— Residency: Does NOT provide loans for foreigners without permanent residency
— Location: Offers loans to foreigner for Osaka property
— Ownership: Offers loans to both individuals or Japanese corporations
— Minimum Loan: 100,000,000 JPY
— Maximum Loan: Depends on the conditions
— Interest Rate: 3.0 – 4.0%
— Prepayment Terms: 2% of the outstanding loan
— Address: 3-5-6, Fushimimachi, Chuo-ku, Osaka
L&F Asset Finance
— Language: Must understand agreement in Japanese
— Residency: Does provide loans for foreigners without permanent residency
— Location: Offers loans to foreigner for Osaka property
— Ownership: Offers loans to Japanese corporations or self-employed person
— Minimum Loan: 10,000,000 JPY
— Maximum Loan: 300,000,000 JPY
— Interest Rate: 3.5 – 4.5%
— Prepayment Terms: 2% of the prepaid amount
— Address: 9F, 4-4-4, Namba, Chuo-ku, Osaka
SBI Shinsei Bank
— Language: Must be able to understand the agreements in Japanese, English, or Chinese
— Residency: Does provide loans for foreigners without permanent residency, non-residents in Japan (must have Japanese corporations)
— Location: Offers loans to foreigner for Osaka property
— Ownership: Offers loans to Japanese corporations or self-employed person
— Minimum Loan: 10,000,000 JPY
— Maximum Loan: 1,000,000,000 JPY
— Interest Rate: 3.2 – 4.35%
— Prepayment Terms: 2% of the principal
— Address: 19F, Hankyu Grand Building, 8-47 Kakuda-cho, Kita-ku, Osaka (Umeda financial center), Midosuji Grand Building 2F, 2-2-3 Namba, Chuo-ku, Osaka (Namba financial center)
JFC (Japan Finance Corporation)
— Language: Must understand agreement in Japanese (if necessary, you can bring a Japanese-speaking supporter or interpreter)
— Residency: Does provide loans for foreigners without permanent residency
— Location: Offers loans to foreigner for Osaka property
— Ownership: Offers loans to Japanese corporations
— Minimum Loan: 48,000,000 JPY
— Maximum Loan: 72,000,000 JPY
— Interest Rate: 3.50 – 5.20% (No collateral), 2.50 – 4.80% (with collateral)
— Address: Umeshin Dai-ichi Seimei Building, 2-3-5 Sonezaki, Kita-ku, Osaka
Criteria to Get a Loan in Japan as a Foreigner
All of the banks that offer real estate loans and residential mortgage loans to foreign buyers in Osaka have criteria they consider in the application process.
Some Criteria to Qualify for Property Loan in Japan:
— The visa/residency status of the borrower
— Ability of the borrower to discuss the terms of the loan in Japanese
— Sufficient and stable income
— The location of the property
— The decision to buy the property as an individual or as a Japanese company
See our other article for more details about criteria foreigners have to meet to qualify for real estate loans from Japanese banks.
Local Real Estate Brokers for Foreigners Buying Property in Osaka
When you are clear about your source of funds, and are ready for help identifying properties to buy in Osaka, contact us for a free introduction to a pre-screened real estate agent.
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