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March 28, 2013
  • Rakuten Card Co., Ltd.

Launch of Rakuten Super Business Loans for Rakuten Ichiba merchants

TOKYO, March 28, 2013 - Rakuten Card Co., Ltd. (JASDAQ: 4755), a subsidiary of Rakuten Group announced today that the company is now offering the Rakuten Super Business Loan financing service to Rakuten Ichiba merchants. Applications will be accepted from April 1.

Rakuten Super Business Loans are intended to provide financial support through Rakuten Card for business expansion by Rakuten Ichiba merchants. This financing, in the 1 million yen to 10 million yen range, will provide flexible working capital mainly for stock purchasing.

Rakuten Ichiba, the largest online shopping mall in Japan, has achieved high growth since its inception due to the strong support given to its merchants under the basic principle of “Empowerment” – the Rakuten Group mission. Other leading support services include the e-commerce sector human resources matching service “Rakuten Career,” the “Rakuten B2B” wholesale mall, the “Rakuten Business” B2B business matching service, and the Rakuten Super Logistics distribution service.
 
Rakuten believes that the Rakuten Super Business Loan now being offered by Rakuten Card, which adds a new financial aspect to our support structure, enables us to provide an even higher level of support to Rakuten Ichiba merchants.

Rakuten Card will continue to contribute to the development of Rakuten Group in the future through synergies with Rakuten Ichiba and the Group’s diverse range of other services.

Overview of Rakuten Super Business Loan

■ Company name: Rakuten Card Co., Ltd. 
            (Registration Number for Money Lending Business, Director-General of the Kanto Local Finance Bureau (1) No. 01486)
            (Japan Financial Services Association Member No. 005692)

■ Loan title: Rakuten Super Business Loan
■ Eligible borrowers: Rakuten Ichiba merchants
■ Lending format: Direct loan
■ Loan amount:1 million to 10 million yen (available in increments of 100,000 yen)
■ Finance rate (actual annualized interest): 8.0% to 15.0%
■ Repayment method: Account debit
■ Repayment period: 3 to 12 months
■ Late payment penalty rate (actual annualized interest): 20.0%

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