Requirements for Emergency Loan in Japan

Currently, the Japanese government is lending money to people who are in trouble with living expenses because of Covid-19.

You may easily borrow money by knowing the requirements of the emergency loan.

There are two types of emergency loan

The purpose of each loan is slightly different, but you can apply for both at the same time.

In fact, most people apply for both.



Emergency small amount fund

This is for households facing urgent temporary difficulties in maintaining their livelihood.

It is a loan that can lend you up to 200,000 yen for those who are temporarily in trouble with living expenses.

General support funds

This is for families whose income is reduced due to the impact of Covid-19 and who have long-term problems with living expenses.

With this loan you can receive money every month for 3 months.

  • Single people can borrow up to 150,000 yen a month.
  • A family of two or more can borrow up to 200,000 yen a month.

Requirements for emergency loan

The target of each loan is different, but in many cases, if one of the loans passes, you may pass the other one too.

There are four requirements for emergency loan

  • Covid-19 being the reason of your predicament
  • Income is declining
  • Those who need money immediately to rebuild their lives
  • Not receiving welfare

If these four conditions apply to your situation, you can basically borrow a loan.

It doesn’t matter how much your income is reduced or how likely you are to repay.

There are many different situations for people who are in trouble with the Corona situation, so there is no clear standard on purpose.

Even under the same conditions, the results of the examination may vary depending on the local government and the person in charge of the examination.

As for the examination method, some local governments have only documents or both documents and interviews.

The purpose of the loan is for living, so you cannot borrow it for play or gambling.

Emergency loan is easy to apply

You can apply for an emergency loan to the municipal social welfare council.

There is an official statement from the Japanese government addressed to the municipal office handling application and screening. It goes like… “Please flexibly lend money according to each person’s situation without making uniform requirements.”

This makes it easy for people to get a loan.

According to the Government of Japan website, by September 25th, There were already 2,884,762 people have applied for an emergency small amount fund, of which 2,804,767 have passed the examination.

If you are in trouble with money, don’t hesitate to use it.

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