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EastWest Bank Personal Loans

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The EastWest Bank Personal Loan offers a competitive fixed interest rate and flexible loan terms to help you get the funds you need.

A subsidiary of the Filinvest Development Corporation (FDC), EastWest Bank is one of the fastest-growing banks in the Philippines. The bank has been in operation since 1994 and has continuously offered banking products and solutions to cater to every member of the society. This includes personal loan, an unsecured multi-purpose loan facility designed to help finance your personal expenses, whether you’re undertaking home improvements, paying off bills, or even going for a vacation.

Find out more about EastWest Bank’s Personal Loan facility below.

finder does not currently have access to this personal loan provider. Please review the product details, application criteria and terms and conditions on the provider website if you are considering applying for this product.

Types of personal loans from EastWest Bank

Interested in applying for an EastWest Bank personal loan? Below is a brief overview of the products offered.

  • Personal loan. Use the EastWest Bank fixed rate personal loan for almost anything, from travel expenses to medical bills. The repayments are fixed for the life of the loan and you can borrow up to PHP2,000,000. Unlike personal loans from most banks, the EastWest Personal Loan does not require you to open a linked bank account.
  • Auto loan. Finance a new or used car purchase with the EastWest Bank auto loan. Flexible loan terms are available from 12 to 60 months.

Features of EastWest Bank Personal Loan

The EastWest Bank Personal Loan comes with a few convenient advantages that make it worth considering, including:

  • Flexible loan amounts. You apply for any amounts between PHP25,000 and PHP2,000,000, giving you financing options.
  • Lower interest rate for credit cardholders. Interest rates vary depending on whether you have owned a credit card. If you have been a credit cardholder for at least a year, you can enjoy lower interest rates.
  • Choice of loan terms. Repay your loan over your choice of terms, which are either 12, 18, 24 or 36 monthly instalments.
  • Fast approval and disbursement. Your loan application may be approved within three to five days. After signing off the loan documents, funds will be disbursed within two to four working days. In addition, you can opt to get your loan proceeds via Manager’s Check or credit directly to your EastWest Bank account.

Other products offered by EastWest Bank

You may also be interested in other EastWest Bank financial products and services, such as:

  • Deposits. EastWest Bank has a broad range of savings, checking, time deposit and foreign currency accounts to meet every need.
  • Cards. Whether you are looking for low annual fees, cash back, travel rewards or something for everyday expenses, EastWest Bank has several different credit cards to choose from. Debit and pre-paid cards are also available.
  • Home loans. EastWest Bank provides flexible home loans for up to 30 years at competitively low rates, helping you get into your dream home sooner and keeping repayments low.
  • Investments. Choose from an extensive range of investment funds and other EastWest Bank trust products to grow your wealth.

How to apply for a personal loan from EastWest Bank

Applying for an EastWest Personal Loan is simple and can be completed online. Once you’ve submitted the application and required documents, an EastWest Bank representative will contact you for further instructions. To be eligible for an EastWest Personal Loan:

  • You must be at least 21 and not more than 65 years old upon loan maturity.
  • You must be a Filipino citizen or Foreign National permanently residing in the Philippines.
  • Minimum gross monthly income of PHP15,000, or at least PHP180,000 p.a.
  • Have at least one fixed landline number (either residential or business) and a mobile number.

Your submission should include the following documents:

Required information

For salaried employees:

  • Two government-issued photo-bearing IDs – Eg. Passport, driver’s license, PRC
  • Completed and signed EastWest Personal Loan application form
  • Photocopy of latest ITR/BIR Form 2316
  • Salary slips for the last three months
  • Valid credit card reference or latest credit card statement
  • Original copy of Certificate of Employment (COE) showing salary and position

For self-employed employees:

  • Two government-issued photo-bearing IDs – Eg. Passport, driver’s license, PRC
  • Completed and signed EastWest Personal Loan application form
  • Latest ITR/BIR Form 1701
  • Latest Audited Financial Statements (AFS)
  • Latest credit card statement
  • DTI/SEC business registration certificate
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