EastWest Bank Personal Loan

EastWest Bank has gained the trust of Filipinos due to their unending support and good service. It is considered one of the trusted banks here in the Philippines. So if you’re planning on applying for a personal loan, you may consider EastWest bank as an option. Why? because EastWest bank offers a competitive interest rate and processing is easy. If you’re interested and you want to know more about the EastWest Bank personal loan, this might help you.

EastWest Bank Personal Loan Guidelines

Where can I use my personal loan?

  • Emergency purposes
  • Hospitalization purposes
  • School expenses
  • Home improvement
  • Debt consolidation

Interest Rates:

First Category

Personal Loan LengthMonthly RateContractual Interest Rate
12 months1.49%31.51% yearly
18 months1.59%33.54% yearly
24 months1.59%33.19% yearly
36 months1.69%34.01% yearly

Second Category

Personal Loan LengthMonthly RateContractual Interest Rate
12 months1.89%39.53% yearly
18 months1.89%39.39% yearly
24 months1.89%38.85% yearly
36 months1.89%37.53% yearly

Loan fees and charges:

  • Processing fee
    • Php 1,900
  • Documentary stamp tax
    • Php 1.50 for every Php 200
  • Late payment fee
    • Php 500 or 8% a month
  • Returned check fee
    • Php 1,000 per check
  • Check replacement fee
    • Php 200

Eligibility Requirements for EastWest Bank Personal Loan:

  • Must be a Filipino citizen
  • 21 years old during application
  • Not more than 65 years old
  • Must have one fixed landline number
  • Must have a mobile number
  • With basic gross monthly income of Php 15,000; not less than Php 180,000 yearly

Documentary Requirements Needed for EastWest Bank Personal Loan:

For self-employed

  • Accomplished application form
  • Photocopy of one valid ID
  • Proof of income
  • Photocopy of latest Income Tax Return
  • Latest Credit Card Statement of Account
  • DTI Registration Certificate (for Sole Proprietorship)
  • SEC Registration Certificate (for Corporation)

For employed

  • Accomplished application form
  • Photocopy of one valid ID
  • Proof of income
  • Photocopy of latest Income Tax Return
  • 3 months latest payslip
  • Certificate of Employment
  • Active credit card

How to Apply?

If you are interested to apply, get a form. You can get the form at www.eastwestbanker.com. Once you get the form, kindly fill it out. Read the terms and conditions that apply and prepare all the required documents. Afterward, email them to [email protected] and then wait for a call from a bank representative.

NOTE: Make sure to check all your documents before submitting them to avoid problems and delays.

For more information, you may contact EastWest bank using this hotline (+632) 8888-1700.