Smokyo

Persons able to use this loan Foreign residents of Japan who meet the following conditions: 1. In principle, those who have received permission for permanent residence (including special permanent residence) and who have enough competence in Japanese (*) * If the explanation of products and the provisions of the contract provided by the Bank cannot be understood, we may decline the loan. 2. The age at the time of making the loan is at least 20 years old but less than 65 years old, and the age at the time of the final repayment is less than 76 years old. 3. Those eligible to purchase a group credit life insurance 4. Those whose annual income is not less than 2 million yen including taxes and who have been continuously employed for not less than 3 years. (If self-employed, the business must have been in operation for not less than three years.) 5. Those who meet other conditions prescribed by the Bank Use of loan * The purchase of a house or a land for a house in which the applicant or the applicant's family will live * Expenses for addition or betterment, remodeling or repair, etc of the house * Roll over of a housing loan already in use * Other expenses for new construction or change of residence, etc Type of loan Loan on deed Amount of loan Not less than 1 million yen and not more than 100 million yen Term of loan Not less than one year and not more than 35 years Interest rate 1. Type of interest rate Variable interest rate 2. Method of determining interest rate The interest rate is determined every month for the period to which the variable interest rate is applied. The rate to be applied in the current month will be reported by the end of the previous month. An existing interest rate already reported may be changed. 3. Review of interest rate after making the loan The interest rate of the loan will be reviewed twice a year based on changes to the basic interest rate for variable interest rate housing loans set by the Bank. 4. Selection of interest rate In principle, the interest rate at the time of application may not be changed before redemption. 5. Method of obtaining interest rate information Please inquire at the loan counter for the interest rate Repayment method 1. Repayment method * Repayment of principal and interest in equal installments (a repayment method which makes the total repayment amount of principal and interest equal each time) * Repayment of an additional amount at the same time as regular repayment is possible every six months up to a limit of 30% of the loan amount. 2. Review of repayment amount * The new repayment amount will be determined by recalculating the amount on October 1 every five years after making the loan, as the base date for the review. Thereafter, the recalculation will be made on the review date for the loan interest rate after every ten years after making the loan as the base date. * After making the loan (or after the base date) and until the next base date, the repayment amount for each month will not change. (The repayment amount will be adjusted based on the ratio of the repayment amount of principal and the amount of interest payment.) * If the interest rate rises significantly, the new repayment amount will be adjusted up to a limit of 125% of the previous repayment amount. If the interest rate falls, the new repayment amount will be lower than the previous repayment amount. Guarantor In principle, a guarantor is not necessary. Security * The Bank will establish security on the real estate for which this loan will be used. * The Bank will establish a right of pledge on the claim on insurance benefits of fire insurance for the building. Group credit life insurance The applicant will enter a group credit life insurance policy predetermined by the Bank. (The Bank will pay the insurance premiums.) Fee and guarantee charge, etc 1. Handling charge 105,000 yen(including taxes) 2. Prepayment charge * Prepayment charges to be paid for a partial and full prepayment within five (5) years from the date of loan (*):2.1% (including taxes) of the prepaid amount * at or before the end of the month in which the fifth anniversary date of this Agreement falls (or if such date falls on a bank holiday, the previous business day) * The prepayment charge to be paid after the lapse of five years from the date of loan shall be a fixed amount as specified below: 1. For each partial prepayment: 6,300 yen (including taxes) 2. For full prepayment: 10,500 yen (including taxes) 3. Other expenses * There are no other expenses.