World Partners Finance Corporation

World Partners Finance Corporation

Products & Services

Table Rates

Loan Products

A.    COMMERCIAL LOANS

- Business Loan
- Discounting of Installment Papers (PDC’s / Receivables / Factoring)
- Purchase Order (P.O) Financing
 
Commercial loans have an interest rate ranging from 18% – 36% per annum (or 1.5% to 3% per month).  Standard requirements include: 3 Years Comparative Financial Statements; 3 Years Income Tax Returns; Latest 1 month used checks; Past 6 months bank statements; Proof of Billing; Articles of Incorporation and SEC Registration Certificate (for corporations and partnerships) and DTI Registration Certificate (for sole-proprietorships), and Taxpayer’s Identification No. (TIN) for signatories.

B.    CONSUMER LOANS

- Real Estate Loan
- Direct Auto Loan
- Individual and Group Salary Loan
 
At 1.5% to 2% per month, WPF offers one of the lowest rates for consumer loans in the financing business, well below the industry average.  Coupled with excellent personal service and standard documentary requirements, the company remains to be a top choice for alternative financing.

Loan Requirements

FOR CORPORATION:
  • Duly filled-up Application Form
  • Company Profile
  • Business Permit
  • SEC Registration Certificate 
  • Articles of Incorporation and By-Laws
  • Updated General Information Sheet
  • 3 years Income Tax Return  
  • 3 years Audited Financial Statements 
  • Latest one month used checks / Latest  3 months bank statements
  • Proof of Billing in the name of the corporation
  • Notarized Sec. Cert./Board Resolution authorizing the corporation to apply/avail loan from WPFC up to a designated amount and the officer/s authorized to sign for and on behalf of the corporation.
  • Photocopy of Transfer Certificate of Title/Contract of Lease of its office
  • 2 2x2 current colored picture of signatory/ies
  • Corporate ID and Government issued ID of signatory/ies
  • Corporate TIN & SSS No.
  • Sketch of office
  • CLI, Endorsement of Life Ins., NEL, LAQ, TLI, Whole Life Ins.

    If collateral offered includes real estate property: 
  • copy of Transfer Certificate of Title  
  • Vicinity Map, 
  • Tax Declaration No._______________
  • Current Real Property Tax  No._______________  FY _______________

    If collateral offered is motor vehicle: (not more than 10 years old) 
  • Land Transportation Office Certificate of Registration    No._____________
  • Official Receipt   No._______________     Year    _____________
  • Plate Number   _______________
Co-maker:
 
  • Sketch of residence of co-maker and indicate whether owned or rented
  • Government issued ID of co-maker

    If co-maker is employed: 
  • employed at least 2 years, Certificate of Employment,
  • company ID 
  • Pay Slip (2 pay days), 
  • Proof of Billing in his/her name

    If co-maker is self-employed: 
  • Business Registration certificate, 
  • Business Permit 
  • Proof of Billing

    If co-maker is a corporation: 
  • Notarized Sec. Cert.
  • Articles of Incorporation 
  • By-Laws
     
  • C.I. Request ( Date, Until )
  • Appraisal ( Date, Until )

FOR SINGLE PROPRIETORSHIP:
  • Duly filled-up Application Form
  • Department of Trade and Industry Registration Certificate ____________
  • Business Permit/Barangay Permit _____________
  • Government issued ID ( SSS & TIN)
  • Updated Income Tax Return with BIR Stamps 
  • Annual Financial Statements In-House Financial Statements, if applicable 
  • Latest one month used checks / Latest  3  months bank statements 
  • Utility bill in his name or his business
  • Sketch of office/residence
  • Transfer Certificate of Title/Contract of Lease of its business address
  • 2 2x2 current colored picture of signatory
  • Monthly Sales, List Payables & Projects/ transactions
  • List of clients and suppliers with contact number & person, term
  • Company Profile  
  • CLI, Endorsement of Life Ins., NEL, LAQ, TLI, Whole Life Ins.       

    If collateral offered includes real estate property: 
  • copy of Transfer Certificate of Title  
  • Vicinity Map
  • Tax Declaration No.
  • Current Real Property Tax  No._______________  FY _______________

    If collateral offered is motor vehicle: (not more than 10 years old) 
  • Land Transportation Office Certificate of Registration    No._____________
  • Official Receipt   No._______________     Year    _____________
  • Plate Number   _______________
 
Co-maker:
 
  • Sketch of residence of co-maker and indicate whether owned or rented
  • Government issued ID of co-maker
  • If co-maker is employed: 
  • employed at least 2 years, Certificate of Employment,
  • company ID 
  • Pay Slip (2 pay days), 
  • Proof of Billing in his/her name
  • 1 pc recent photo (2x2)

    If co-maker is self-employed: 
  • Business Registration certificate, 
  • Business Permit 
  • Proof of Billing
  • 1 pc recent photo (2x2)

    If co-maker is a corporation: 
  • Notarized Sec. Cert.
  • Articles of Incorporation 
  • By-Laws
     
  • C.I. Request ( Date, Until )
  • Appraisal ( Date, Until )

Loan Manual

A cup of coffee with your Partner
Product of the month “Business Loan”
World Partners Finance Corporation
We at WPFC provide you the access to credit and help your business achieve its potential.  
As a business entrepreneur, your viable business plan might need finance. With our Business Loan package, we make sure to provide you the funds for your business requirements.


WORLD PARTNERS FINANCE CORPORATION
LOAN PRODUCTS


COMMERCIAL LOANS

Business Loan
Check Discounting
Purchase Order (P.O.) Financing

Product Description
Granted to corporations, or business entities to finance working capital requirements of the borrower

Amount  :  Up to Single Borrower Loan (SBL)
Purpose of Loan  :  Working Capital        
Type  :  Revolving Credit Line                 
Term of Line  :  12 months  
Interest  :  2-3% per month or 24-36% per annum

Payment: 60,75,90 days from invoice date or Equal monthly payment of principal and interest

Collateral :  
a. Assignment of Counter Receipt or Sales Invoice at 80% Loan Value Factor (LVF)
b. Assignment of Purchase Orders at 50% Loan Value Factor
c. Continuing Surety
d. Acceptable Real Estate/Chattel Mortgage
e. Assignment of Insurance on mortgage properties


CONSUMER LOANS

Real Estate Loan
Direct Auto Loan
Salary Loan

Eligibility
Individual who are gainfully employed for at least 2 years by their employer

Amount :  P10,000 to P150,000.00 or maximum of 2 months gross monthly pay             
Purpose of Loan :  Multi-purpose loan – personal consumption
Type      :  Term Loan
Term     :   3 months to 24 months
Interest  :  prevailing add-on rates at 1.5% - 2%per month
Repayment of Loan: Equal monthly payment of principal and interest
Collateral  :  
a. Post Dated Checks
b. Assignment of Deposits
c. Assignment of Credit Life Insurance
d. Co-maker as may be required
If under salary deduction:
With Memorandum of Agreement with Employer


SME LOANS – Tulong Pangkabuhayan

Eligibility
To finance working capital requirements of the borrower of micro-enterprises and small businesses

Amount :  Up to a maximum of P500,000.00
Purpose of Loan :  working capital    
Type      :  Short Term Loan
Term     :   30 to 360 days
Interest  :  prevailing interest rates 1.5 – 2% per month                                                      
Principal Repayment : Equal monthly payment of principal and interest
Collateral  :  Unsecured but with co-maker

Evaluation Criteria:
a. Reputation of Borrower
b. Cash Flow of business – the schedule of loan amortization shall take into consideration the projected cash flow of the borrowers which is adopted into the terms and conditions formulated.  Hence, may be amortized on a bi-monthly or monthly basis, depending on the cash flow condition.