Japan: breakdown of home loan borrowers by lender and interest rate type 2023

According to a survey conducted between April and May 2023, around 75.4 percent of respondents in Japan who took out home loans with banks had a variable rate home loan. While floating-rate loans were the leading type of interest rate among most types of lenders, about 45.8 percent of respondents who borrowed from other lenders, such as mortgage banks, selected a fixed-rate loan for the entire period.

Distribution of housing loan borrowers in Japan as of May 2023, by lender and type of interest rate

Characteristic	Variable rate	Fixed rate for selected period	Fixed rate for entire period
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-

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Release date

June 2023

More information

Region

Japan

Survey time period

April 28 to May 10, 2023

Number of respondents

1,500*

Age group

20-69 years

Special properties

among respondents who have taken out a home loan between October 2022 and March 2023; excluding students and unemployed persons

Method of interview

Online survey

Supplementary notes

*Including 78 respondents who have taken out Flat 35 housing loans.
The statistic refers to new home loans for residential use (excluding refinance loans, renovation loans, loans for land only, or apartment or investment loans).

Number of respondents by type of lender:
Banks: n=1,189
Shinkin banks and credit cooperatives: n=91
Labor credit associations: n=71
JA Bank: n=101
Others (mortgage banks, etc.): n=48

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