JJapan Finance

Securities-Backed Loans now available for Rakuten Sec investors with PR

  • December 2, 2025


Rakuten Securities launched a new Securities-Backed Loan in June 2025. Apparently it's already issued 10 billion yen of loans. I can see this being a useful product under some circumstances.

Pros:

  • Can keep money invested while borrowing against it
  • Can use the loan for anything, so more flexible than a regular bank loan
  • Can borrow any amount from 10,000 yen upwards, up to 60% of stock/ETF value
  • Interest rate is quite reasonable if you borrow over 10 million yen (1.875%)

Cons:

  • You can only borrow against domestic stocks and domestic ETFs – this is probably the biggest con
  • You need a Rakuten Securities and Rakuten Bank account
  • Foreigners need PR
  • Interest is higher if you borrow less (3.875% under 1 million yen)
  • In theory you could experience a forced sale if the value of the shares pledges as collateral crashes (although this is not very likely as you can only borrow up to 60% of current value).

Overall: this is clearly better than a card loan and – depending on your bank, reason for borrowing and credit history – may very well be cheaper than you can get for a personal bank loan.

It could be an attractive product for people who already hold domestic stocks or domestic ETFs with Rakuten, and who are looking for something like a car loan, where the interest rates offered by banks typically aren't very attractive.



by Bob_the_blacksmith

9 comments

  3. Thanks for sharing Bob !

    I hope SBI also start offering something like this down the line, with our good old emaxis all country eligible.

    One thing to note (from Rakuten page) :

    It cannot be used for the following purposes:

    * Margin for covering losses in financial product transactions and leveraged transactions (margin trading, futures trading, FX trading, etc.)
    * Funds for discretionary investment contracts (such as Rakuten Wrap) handled by Rakuten Securities and funds for purchasing publicly offered and sold securities
    * Insurance contract funding
    * Business purpose
    * Any other items that Rakuten Bank deems inappropriate.

  4. Not finding it in the conditions right now but I assume NISA holdings can not be collateral ?

  6. Wish they’d included HSP2 holders as well, not just PR. That’s a lot more realistic for me with the current changes.

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