New World Funding works diligently and effectively. Therefore, when you apply to credit with us, the approval can be effective in only 72 hours. For local and foreign customers we offer a 4.25% rate, up to 30 years.
Residential Mortgage Financing
Mortgages rates offer for:
Commercial Mortgage Financing
Our commercial mortgage and financing programs are available for domestic and international customers. We provide funding for:
- Apartment Buildings.
- Office buildings.
Minimum requirements for loan application in Panama
1. (2) Bank Reference Letters (must include account type, account number, amount, and opening date, name of the branch manager, telephone number and signature).
2. (2) Personal Reference Letters (must include name, phone number, and signature).
3. Copy of the Identity Card of personal referrals.
4. Copy of all passport pages.
5. Resume .
6. Financial statements for the last three years of the Corporation, if the applicant owns a company.
7. A copy of the deed if the person owns a house. If it is rented, a copy of the Lease Agreement will be needed.
8. Employer Letter, which must include admission date, position held, salary and possibilities to continue in the company. This letter must have a date, signature and phone number for verification.
9. Copy of bank statements from the last six months of the applicant and the company (All sheets), if applicable.
10. Declaration of income tax from the last three years ( personal income tax and / or company’s income tax, if applicable).
11. Letter of intent to purchase.
12. Copy of identity card.
13. Copy of a utility bill such as electricity, cable, water, etc.
14. Trade reference: Health Insurance, purchase in store, etc.