PowerSmart Home Mortgage

A unique and distinct mortgage solution

Download Application

STEP1Quick Check List
Please check that you can answer "yes" to ALL of the following:

The applicant is a Japanese citizen or a permanent resident of Japan (for non-permanent residents, applicant's spouse must be a Japanese citizen or a permanent resident of Japan, and the spouse must be appointed as a guarantor for the mortgage. Temporary non-permanent residents are ineligible to apply.)
The applicant has an existing PowerFlex account with SBI Shinsei Bank or will open a PowerFlex account concurrently with the loan application

The applicant must be aged 20 or above but 65 or younger at the time of borrowing, and younger than 80 on maturity date of paying off your loan.
Annual income (before tax) for the previous fisical year of 3 million yen or more.
The applicant and/or the applicant's family (dependents) will reside in the property subject to the loan (see Note 1).
The applicant will nominate SBI Shinsei Bank as the 1st lien collateral for the property subject to the loan.
The building structure is NOT on leased land (fixed term or standard lease).
The applicant has made all necessary tax payments (income tax・residence tax) at the time of applying (if the applicant is a director of a family-owned company, corporate income tax and corporate enterprise tax payments must also be made).
The total floor area of the property subject for the loan is over 50 square meters (owned floor area over 30 square meters for apartments).
If the applicant will be co-owning the property, subject to the loan, with his or her fiancee/fiance, or already own the property in both names, they must register their marriage before concluding the loan agreement.
The property subject to the loan is for residential purposes only (property with an office or a shop/store will be eligible if the living space for residence is over 50% of the entire floor area of the property, and the shop or office area must be used by the applicant.
In the case of refinancing, no history of late repayments within the past year.

(Note 1)
"Family" is defined as and limited to the applicant's spouse and dependents other than the spouse whom is /are registered as dependents on the applicants' health insurance certificate.

If you fulfill the above conditions, please continue to Step 2

*Please apply for Power Smart Home Mortgage after you have signed the purchasing contract of the property.

STEP2Calculate how much you can borrow

"calculate" to find out the maximum amount you can borrow.(Japanese page only)

STEP3Download documents and PowerSmart Home Mortgage Application Form

Please read and agree to the agreement on the handling of personal Information and PowerFlex Account Confirmation.

Agreement on the Handling of Personal Information and PoweFlex Account Confirmation

Download the PDF file "Product Description of Foreign Currency Deposits to be confirmed prior to concluding the Customer Agreement on Foreign Currency Savings Deposits for PowerFlex Account

Those who will borrow a housing loan from SBI SHINSEI are required to have an account with SBI Shinsei Bank to settle the loan. Therefore an application form for Shinsei home mortgage doubles as an application form for PowerFlex account as a loan settlement account. (An account SBI Shinsei Bank offers to individual customers is PowerFlex account only.) When your home mortgage application is screened and approved for loan disbursement, your PowerFlex account will be opened. As PowerFlex account is a comprehensive account which has a function of foreign currency deposit account (including foreign currency savings deposit account), customer are entitled to make transactions of foreign currency deposits when PowerFlex account is opened and you wish. According to the Financial Instruments and Exchange Law effective September 30, 2007, financial institutions (1)assume the responsibility for making a full explanation to make customers understand about such financial products with risks of non-guaranteed principal as foreign currency deposits, and (2)are required to deliver the prescribed document to customers before making an agreement of foreign currency deposits transactions etc. before opening an account in case of a foreign currency savings deposit transactions. Therefore, when opening a PowerFlex account which is accompanied with foreign currency savings deposit account, you are required to read, understand, and confirm the content of "Product Description of Foreign Currency Deposits to be confirmed prior to concluding the Customer Agreement on Foreign Currency Savings Deposits for PowerFlex Account".

Please download the PDF file "Product Description of Foreign Currency Deposits to be confirmed prior to concluding the Customer Agreement on Foreign Currency Savings Deposits for PowerFlex Account" below after you agree to the followings. You are required either to have the file printed out or to save it on your PC for your copy.

About electronic document release of "Product Description of Foreign Currency Deposits to be confirmed prior to concluding the Customer Agreement on Foreign Currency Savings Deposits for PowerFlex Account":

In accordance with the Financial Instruments and Exchange Law and concerning regulations, SBI SHINSEI releases "Product Description of Foreign Currency Deposits to be confirmed prior to concluding the Customer Agreement on Foreign Currency Savings Deposits for PowerFlex Account" to you through this website.

About the file type of "Product Description of Foreign Currency Deposits to be confirmed prior to concluding the Customer Agreement on Foreign Currency Savings Deposits for PowerFlex Account":

The file is in PDF format. To view the content of this file, your computer is required to carry Adobe Reader Version 7. Also please note that you are required either to have the file printed out or to save it on your PC.

Download "Product Description of Foreign Currency Deposits to be confirmed prior to concluding the Customer Agreement on Foreign Currency Savings Deposits for PowerFlex Account

(PDF file)

Please check the box below if:

your requested amount of finance is within the maximum amount you can borrow,
you have read and agreed to "Agreement on the handling on Personal Information and PowerFlex Account Confirmation,
you have agreed to have "Product Description of Foreign Currency Deposits to be confirmed prior to concluding the Customer Agreement on Foreign Currency Savings Deposits for PowerFlex Account" by means of electronic release, and have downloaded the file and have kept your copy, and
you have read, understood, and confirmed the content of "Product Description of Foreign Currency Deposits to be confirmed prior to concluding the Customer Agreement on Foreign Currency Savings Deposits for PowerFlex Account".

I have confirmed that I have fulfilled the conditions outlined in Steps 1 and 2. I have read and agreed to "Agreement on the Handling of Personal Information and PowerFlex Account Confirmation". I have also agreed to have "Product Description of Foreign Currency Deposits to be confirmed prior to concluding the Customer Agreement on Foreign Currency Savings Deposits for PowerFlex Account" by means of electronic release, and have downloaded the file and have kept my copy. I hereby confirm that I have read, understood, and confirmed the content of "Product Description of Foreign Currency Deposits to be confirmed prior to concluding the Customer Agreement on Foreign Currency Savings Deposits for PowerFlex Account".

I agree to all of the above.

Download PowerSmart Home Mortgage Application Form (PDF file)

Applicant who does not require a Joint Guarantor, please confirm and complete P1/12～P6/12.
Applicant who requires a Joint Guarantor, please confirm and complete P1/12～P12/12.

The quick check list and calculation of maximum borrowing amount should only be used as a rough guide, and are not a guarantee of finance.
The figures shown in the simulations may change due to the interest rate conditions.
Applications for PowerSmart Home Mortgage will be subject to specified credit approval process. As a result, we may not be able to proceed with the application conditions as you had requested and we ask for your understanding in advance. If you have any questions or concerns, please contact us at PowerCall (0120-456-515).
Further, please note that all property registration regarding the property subject to the loan will be registered by the Bank appointed scrivener.

STEP4Send your application form to:

Housing Loan Credit Unit
SBI Shinsei Bank, Limited
Yorii Post Office P.O. Box 12
369-1290

Do you need an envelope? Please click here and download it.

For more information please contact PowerCall 〈Home Mortgage〉 at 0120-456-515 (weekdays* 9AM - 5PM) * except bank holidays during year-end/new year (12/31-1/3)

Regarding PowerSmart Home Mortgage

Loan term must be between 5 and 35 years (in units of 1 year). Loan amount must be 5 million yen or more and up to 300 million yen (in units of 100,000 yen).
Upon termination of "floating interest rate (reviewed semi-annually)" or "floating interest rate (reviewed semi-annually) <Floating Focus>", floating interest rate will automatically apply.
Upon termination of the initial fixed term, floating interest rate (reviewed semi-annually) will automatically apply.
Customers may choose one of the Initial Fixed Interest Rates announced at the time of interest rate review. 5,500 yen (consumption tax inclusive) will be charged if selecting one of the fixed interest rate types.
Interest rates are generally reviewed and determined each month by SBI Shinsei Bank, while there may be the case that SBI Shinsei Bank may review its rates within the month due to a change in market conditions. Please note that the customers are suggested to confirm the applied rate at the time of contract closing.
Initial Fixed Interest Rates, Long-term Fixed Interest Rates and Step-down Long-tern Fixed Interest Rate may discontinue under extenuating circumstances due to interest rate fluctuations etc.
For monthly repayment simulations for particular mortgage types, please visit our web simulation sites or contact PowerCall (Home Mortgage) at 0120-456-515, weekdays 9 a.m. - 5 p.m., except year-end/new year.
Disbursement date of the loan may be decided by the customer. Please choose the date which comes before or on the last business day two months after the mortgage contract date.
For Anshin Pack, the handling fee is 110,000 yen (consumption tax inclusive) and 55,000 yen (consumption tax inclusive) for customers who do not contract to Anshin Pack. For Floating Interest Rate (reviewed semi-annually) <Floating Focus>, the handling fee is 2.2% of total loan amount (consumption tax inclusive).In addition to the mortgage handling fee, other costs including collateral registration tax, stamp duty, scrivener fee, and the fire insurance premiums will be incurred.
First lien with standard or revolving collateral will be registered against the property being financed by this mortgage until the mortgage obligation is fully paid.
Product Description is available on SBI Shinsei Bank website.
Customers may not refinance the current mortgage contracted with SBI Shinsei Bank.
SBI Shinsei Bank will undertake a credit approval process and loan amount and tenor are subject to the final result which may not be the same as the original request.
Please note that there are several conditions and requirements depending on the type of services and interest rates to be selected for the mortgage. For details please contact PowerCall (Home Mortgage).

[As of January4, 2023]