Why Shizuoka Bank's Car Loan Screening Is So Strict: What You Need to Know

Applying for a car loan in Japan can be challenging—especially with traditional financial institutions like Shizuoka Bank. Known for its conservative lending practices, Shizuoka Bank conducts a rigorous screening process for auto loans. In this article, we’ll break down why their screening is so strict, what documents you need, how long the process takes, and how to improve your chances of approval.

Why Is Shizuoka Bank's Auto Loan Screening So Strict?
Shizuoka Bank prioritizes risk management and financial responsibility.

Their strict car loan screening process is designed to:

Minimize default risk

Ensure applicants have solid credit histories

Verify stable income and employment

Comply with strict internal guidelines

As a result, applicants with irregular income, poor credit history, or insufficient documentation may struggle to gain approval.

2. Required Documents and Eligibility Criteria
   To apply for a Shizuoka Bank car loan, you’ll need to submit the following:

Valid photo ID (e.g., driver's license or passport)

Income verification (e.g., payslips, tax documents, or employment certificate)

Vehicle purchase documents (invoice or quotation)

Additional forms as requested by the bank

Eligibility requirements often include:

A stable, full-time job with a consistent income

No history of loan defaults or payment delays

Proof of residency and long-term living plans in Japan

3. How Is the Screening Result Communicated?
   Screening results are usually sent via:

Postal mail

Online banking portal (for existing customers)

If approved, the bank will guide you through the loan contract process. If rejected, you may receive a notification explaining the reasons and whether you’re eligible for reapplication later.

4. How Long Does the Screening Take?
   Processing times depend on the accuracy of your documentation and your financial background. Typically, the review period takes between:

3 business days to 2 weeks

Make sure all information provided is accurate and complete. Submitting false or misleading documents will not only result in rejection but may also affect future applications.

5. Tips to Pass the Shizuoka Bank Auto Loan Screening
   Here are some key steps to improve your chances:

Maintain a clean credit history: Avoid missed or late payments on any past loans or credit cards

Show income stability: Submit recent payslips or tax returns showing regular income

Prepare a repayment plan: Be ready to explain how you’ll repay the loan

Avoid multiple simultaneous loan applications: This can negatively affect your credit rating

These actions show that you’re a low-risk borrower, which improves your approval odds.

FAQs: Shizuoka Bank Auto Loan Screening
Q: Is Shizuoka Bank’s car loan screening really that strict?
A: Yes, compared to many other lenders, Shizuoka Bank has one of the most rigorous screening processes. It prioritizes financial stability and creditworthiness.

Q: What conditions do I need to meet to get approved?
A: You’ll need:

Stable employment with regular income

Clean credit history (no defaults or delays)

Proper documentation of income and identity

Q: How long does it take to get screened?
A: On average, 3–7 business days, though some applications may take up to two weeks depending on the complexity of your case.

Q: Can I reapply if I’m rejected?
A: Yes. However, you’ll need to address the reasons for the rejection. It’s advisable to wait a few months and improve your financial profile before reapplying.