Japan Post Bank will start handling "Flat 35", a long-term fixed mortgage loan provided by the Japan Housing Finance Agency, from next month.
This is the first time we have reviewed a mortgage, and we will be required to manage risk in the future.
"Flat 35" is a mortgage loan handled by the Japan Housing Finance Agency in collaboration with private financial institutions, and you can get a loan at a fixed interest rate for up to 35 years.
Japan Post Bank had applied to the Financial Services Agency and the Ministry of Internal Affairs and Communications to handle this mortgage, but it was approved on the 9th.
In response to this, from next month, we plan to start accepting orders at 41 of the 233 directly managed stores in Japan.
This is the first time that Japan Post Bank has examined loans in accordance with the guidelines of the Japan Housing Finance Agency, and risk management systems will be required in the future.
Regarding the handling of Flat 35 by Japan Post Bank, the Japanese Bankers Association expressed concern that entering a mortgage without ensuring fair competitive conditions would "lead to pressure on the private sector."
Japan Post Bank said, "We do not think that it will interfere with the operations of private financial institutions because the number of stores we handle is limited. We will work to meet the expectations of the local community by improving customer convenience first." is.