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Home Loan Types - JSON

Home loans are classified by interest rate type into variable rate, fixed period selectable, and full-term fixed rate types. Variable rate loans fluctuate with market rates and generally offer the lowest rates but carry interest rate rise risks. Fixed period selectable loans have fixed rates for an initial period, after which they become variable or can be reselected. Full-term fixed rate loans (such as Flat 35) have fixed rates throughout the entire repayment period, providing high certainty in repayment amounts. Each type has its advantages and disadvantages, and borrowers should choose based on their life plan and risk tolerance.

home loan mortgage variable rate fixed rate Flat 35 interest rate housing finance

[
  {
    "code": "01",
    "slug": "variable-rate",
    "name": "Variable Rate",
    "description": "A home loan type where the interest rate fluctuates with market rates.",
    "interestRateRange": "0.595% to 0.975%",
    "features": [
      "lowest_rate",
      "market_linked",
      "5year_rule",
      "125_rule"
    ]
  },
  {
    "code": "02",
    "slug": "fixed-period-selectable",
    "name": "Fixed Period Selectable",
    "description": "A home loan type with fixed rates for an initial period, after which you can choose variable or re-fixed rates.",
    "interestRateRange": "1.85% to 3.10%",
    "features": [
      "initial_fixed",
      "flexible_after",
      "middle_rate"
    ]
  },
  {
    "code": "03",
    "slug": "flat35",
    "name": "Flat 35 (Full-Term Fixed Rate)",
    "description": "A full-term fixed-rate home loan for up to 35 years provided by the Japan Housing Finance Agency in partnership with private financial institutions.",
    "interestRateRange": "1.26% to 2.26%",
    "features": [
      "full_term_fixed",
      "no_guarantee_fee",
      "flexible_screening",
      "flat35s_discount"
    ]
  },
  {
    "code": "04",
    "slug": "flat20",
    "name": "Flat 20",
    "description": "A 20-year fixed-rate version of Flat 35, offering lower interest rates.",
    "interestRateRange": "0.91% to 1.91%",
    "features": [
      "20year_fixed",
      "lower_rate_than_flat35",
      "no_guarantee_fee"
    ]
  },
  {
    "code": "05",
    "slug": "flat50",
    "name": "Flat 50",
    "description": "A full-term fixed-rate home loan with repayment periods up to 50 years.",
    "interestRateRange": "1.50% to 2.50%",
    "features": [
      "50year_term",
      "lower_monthly_payment",
      "long_term"
    ]
  },
  {
    "code": "06",
    "slug": "step-up-repayment",
    "name": "Step-Up Repayment",
    "description": "A home loan starting with lower payments that gradually increase based on age or years of service.",
    "interestRateRange": "Same as variable or fixed rate",
    "features": [
      "gradual_increase",
      "youth_targeted",
      "income_growth_assumed"
    ]
  }
]