In order to rent an apartment in Japan, you will have to pay various charges including a deposit, key money, commission fees and/or a premium for 'Comprehensive Renter's Insurance for Foreign Students'. You may obtain an interest-free loan of up to 100,000 yen to meet such charges.

You must repay the borrowed sum within two years of being awarded it. You may defer repayment for the first 6 months. Thereafter you can either repay the sum in 18 equal monthly payments, or make a single lump-sum payment at any time before the end of The second year.

You are eligible to receive a loan if you are a privately-financed student attending a college of technology, junior college, university or graduate school in Yamaguchi Prefecture, or have just registered for any one of such schools with the intention to attend for more than one year. Please note that a Japanese national (over the age of 20) must become your guarantor.

You can apply for a loan at any time.

(1) You must prepare the following documents:
a. Application Form for a Loan for Privately-Financed International Students to Meet Necessary Charges For Renting an Apartment (Form 1)
b. A copy of the lease agreement for your apartment or the reservation form for leasing an apartment (Form 2)
(2) Submit form 1 and 2 to Yamaguchi International Exchange Association (YIEA) through your educational institution (e.g. University).
(3) When you have been notified by your educational institution that you have been granted a loan (Form 3), prepare a Bond of Loan for Privately-Financed International Students to Meet Necessary Charges for Renting an Apartment and a Guarantor's Certificate (Form 5), and submit it to YIEA through your educational institution.
(4) Once the loan money has been deposited in your designated account, sign the lease contract for your apartment and pay the necessary charges.
(5) Send copies of the lease agreement and the receipt for the charges to YIEA. If you have had a loan to pay for your premium for the comprehensive renter's insurance for foreign students, send a copy of the insurance certificate, as well.
(6) If you choose to repay the loan through monthly payments 6 months after receiving it, you must make installments through a bank or a post office (handling charges for each payment shall be born by you) or bring the monthly sum to YIEA by the end of each month.