World Finance personal loans are offered by World Finance, a nonbank financial services company founded in 1962 and based in Greenville, South Carolina. These personal loans are to help individuals manage their financial needs and are available in 15 states. World Finance has various loan options to fit different financial situations, so it’s a good choice for borrowers who want flexible loan terms and manageable monthly payments.

Pros and Cons

Pros

1. Inclusive Credit. World Finance considers all credit types, so it’s open to those with bad credit.

2. Fast Funding. Same day funding is available, so you can get your money fast when you need it.

3. Easy Application. Online application is easy, so you can apply from home.

Cons

1. Origination Fee. You have to pay an origination fee which adds to the total cost of the loan.

2. No Pre-Approval. World Finance doesn’t offer pre-approval with a soft credit pull, so applicants have to go through a hard credit inquiry which can hurt their credit score.

3. Prepayment Penalty. There’s a prepayment fee if you pay off the loan early which can be a bummer if you want to save on interest by paying off the loan ahead of time.

How to Apply for a World Finance Loan?

1. Choose Your Application Method. Apply online or in-store whichever is more convenient for you.

2. Fill Out The Application. Fill out the application and provide all required personal and financial information.

3. Have Documents Ready. Make sure you have government-Issued ID, proof of income and bank account information.

4. Submit Application. After filling out the application and providing all required documents, submit.

5. Wait For Approval. The review process is fast and you’ll be notified soon.

Conditions and Requirements

Conditions

1. Origination Fees. World Finance loans have origination fees ranging from $25 to $100 depending on the loan amount and terms.

2. Loan Amount. Borrowers can borrow between $450 and $12,000 so it’s good for various financial needs.

3. Loan Term. Loan terms are 6 to 48 months so you can choose a repayment schedule that fits your financial situation.

4. APR. APR varies by state. For example in Georgia, the APR is up to 81.29% so make sure to check state specific terms before applying.

Requirements

1. Age. You must be 18 or 19 years old to apply.

2. Residency. You must be a resident of the state where you’re applying for the loan.

3. Government-Issued ID. A valid ID such as driver’s license or passport to verify your identity.

4. Proof Of Income. Pay stubs or bank statements to prove your income.

5. Active Checking Account. You must have an active checking account where the loan funds will be deposited and from where payments will be withdrawn.

How to Choose a Lender

1. Confirm Licensing. Make sure the lender is licensed in your state. Check with your state regulator or attorney general to verify. This is important to avoid illegal lenders and protect your consumer rights.

2. Check Membership In Reputable Associations. Look for lenders that are members of reputable associations like the Community Financial Services Association of America. Being a member of these organizations means they are reliable and follow industry standards.

3. Review Terms And Conditions. Review all the terms and conditions of the loan contract. Read the fine print to understand the lender’s policies, fees and your obligations as a borrower.

4. Examine Interest Rates And Total Loan Cost. Examine the interest rates of the loan and make sure your contract has a detailed breakdown of the total cost of the loan. This will help you understand the full financial impact of borrowing and compare offers from different lenders.

5. Understand Your Right Of Rescission. Take advantage of your right of rescission which is usually 3 days after signing the agreement. Or use the “cooling-off” period to review the contract and make an informed decision before committing to the loan.

World Finance. Apply Online