The early repayment function is added to Power Direct.
You can repay from 1 yen, and of course with no early repayment fee.
What we offer for PowerSmart Home Mortgage
No guarantee fee
No early repayment fee
Reduce interest cost
Apply for PowerSmart Home Mortgage
 
1.  Guarantee fee and guarantee handling fee for a loan of 30 million yen over 30 years.
2. Repayment of 500,000 yen.
3.  Interest is as of July 1, 2009 and is effective for contracts drawn up by July, 2009. We may stop handling this product depending on the economic situation. Applicable interest rate at borrowing will apply throughout the loan term. No guarantee fee. Group Life Insurance fee is included. Overdraft Function PowerPocket service is not available.
 
• 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. )
• Applicant must hold ownership rights and must use the property as the primary residence.
• Applicant is required to join and be accepted by a Group Life Insurance.
• PowerSmart Home Mortgage is only available for financing a residence of the applicant and is limited to the following purposes:
  • Purchase of a detached house or an apartment (including second-hand properties)
  • Refinance of a mortgage from another financial institution (certain restrictions may apply)
Please note that PowerSmart Home Mortgage is not available for the following purposes:
  • Construction of a new house (on land already owned)
  • Land only purchases, or land purchases with building construction at a later date (including cases with plans to reconstruct a residence)
  • Refinance of a loan for a house with purchase of land
  • Refinance of a loan for land with new construction of a house
  • Renovation of an existing residence (including cases with renovation with plans to refinance an existing mortgage from another financial institution)
• As a general rule, the bank reviews the initial interest rate every month; however, based on the interest rate movements, interest rates may be reviewed during the month. Please confirm the borrowing terms and applied interest rate at the time of contract.
• Disbursement date of the loan may be decided by the customer. Please select the disbursement date from the period between the contract month until the last business day of the following month.
• Existing Shinsei Bank Home Mortgage customers may not refinance their current home mortgage loans.