• EastWest Bank Personal Loan

    East West Bank Personal Loan

    Personal loans are the easiest and quickest way to arrange for funds when an unexpected financial requirement arises. Personal loans from EastWest Bank can be used for a variety of purposes such as clearing of a large bill, house renovation, travel abroad, medical emergencies or even renovation of a house. They are designed in a way such that borrowers can gain maximum benefit from it thereby standing by their motto which reads “Your Dreams, Our Focus”.

    EastWest Bank’s personal loan is a one stop shop to assist and support all your financial needs.

    The personal loan offered by EastWest Bank is an unsecured and non-collateralized loan and can be repaid in fixed installments every month.


    You’re probably eligible for an East West Bank Personal Loan if you are

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    East West Bank Personal Loan Minimum Age

    At least 21 years old

    East West Bank Personal Loan Maximum Age

    Less than 65 years old

    East West Bank Personal Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    East West Bank Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your East West Bank Personal Loan amount eligibility is based on these factors

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    East West Bank Personal Loan Minimum Salary

    Minimum income required
    P15000 per month

    East West Bank Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is P2000000

    East West Bank Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligibility for Bank Personal Loan amount by these steps

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    East West Bank Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    East West Bank Personal Loan Tenure

    Choose longer tenure loan up to 3 years


    Documentation needed to apply for East West Bank Personal Loan

    • 1.Duly filled-out and signed application form
    • 2.Copy of one valid ID proof
    • 2.Documentation for salaried applicants:
      • Photocopy of BIR FORM 2316/W2
      • Copy of latest payslip
      • Valid credit card reference or the latest statement of account for the existing credit card
    • 3. Documentation for self Employed applicants:
      • Latest Income Tax Return statements and audited financial statements
      • DTI Registration certificate is to be submitted for sole proprietary businesses.

    East West Bank Personal Loan DetailsUpdated on 06 Dec 2016

    East West Bank Personal Loan Details
    Interest Rate EIR - 31.51% to 34.01%(p.a)
    Tenure 1 to 3 years
    Processing Fee P1900

    Features & Benefits of Eastwest Bank Personal Loan

    Here are some of the award-winning features of the EastWest Bank Personal Loan that distinguishes it from all other banks in the Philippines:

    1. Multi-purpose: This loan can be used for diverse purposes including the vacation that you have been longing for a while, school expenses or tuition fees, credit card payments, house renovation, medical expenses and so on.
    2. Unsecured and non-collateral scheme: This personal loan does not require a co-maker or any collateral. It is granted to qualified individuals for their personal usage based on their individual eligibility.
    3. Attractive rates of interest: With add-on rates as low as 1.49%, rates of interest offered on the personal loans from EastWest Bank are known to be one of the most competitive in the market.
    4. Highest Loan Coverage: The coverage on the Personal Loan from EastWest Bank ranges from Php 25,000 to Php 2 million.
    5. Short Processing Time: The time to process the personal loan is only 3 to 5 banking days and the disbursement of the loan takes place within 2 to 4 days. This short turn-around time of less than 7 days comes handy when you need to meet immediate financial needs.
    6. Flexible repayment tenures: Borrowers can choose to repay the loan over a span of 12, 18, 24 or 36 months. This flexibility to repay over a span of 3 years assures the applicant that they need not be stressed to clear the loan in a really short span of time.
    7. Modes of Repayment: The EMIs on the personal loan can be paid using Post Dated Checks (PDCs) thereby ensuring that the borrower is fully aware of his financial commitment and can plan his future finances better.
    8. Quick Customer Service: You can reach EastWest Bank’s customer care through the toll-free number 1-800-1888-8600. Known for their steadfast customer service, EastWest Bank will ensure that all your doubts, questions and concerns are well taken care of.

    Interest Rates for Eastwest Bank Personal Loan

    Personal Loan Rates - Carded Segment
    Tenor 12 months 18 months 24 months 36 months
    Add-on Rate/Month 1.49% 1.59% 1.59% 1.69%
    Factor Rate 0.0982333 0.0714556 0.0575667 0.0446778
    Effective Interest Rate 31.51% 33.54% 33.19% 34.01%

    Personal Loan Rates - Non-Carded/Limited Card Segment
    Tenor 12 months 18 months 24 months 36 months
    Add-on Rate/Month 1.89% 1.89% 1.89% 1.89%
    Factor Rate 0.1022333 0.0744556 0.0605667 0.0466778
    Effective Interest Rate 39.53% 39.39% 38.85% 37.53%

    Eligibility Criteria for EastWest Bank Personal Loan

    To be eligible for a personal loan scheme from EastWest Bank, the applicant must fulfil the below mentioned criteria:

    1. The applicant must be a Filipino citizen.
    2. The applicant must be at least 21 years old and not more than 65 years old upon the maturity of the loan.
    3. The applicant must have a gross monthly income (GMI) of Php15,000.
    4. The annual income of the applicant should be at least P1,80,000.
    5. The applicant must have at least one landline number and a mobile number. In case there is no landline number, a mobile number will not be accepted as a stand-alone contact number. The landline number can either be home or business contact.

    EastWest Bank Personal Loan Requirements

    The documents that are needed to be submitted by the applicant are as follows:

    Common to all sections of borrowers:

    1. Duly filled-out and signed EastWest Bank personal loan application form
    2. Copy of one valid ID proof
    3. Proof of billing might be required in some cases for further verification.

    For employed professionals

    1. Photocopy of BIR FORM 2316/W2
    2. Copy of latest payslip
    3. Valid credit card reference or the latest statement of account for the existing credit card
    4. Original copy of certificate of employment stating salary and position in the organization is to be submitted for those employed in Embassies or tax-exempt companies.

    For self-employed individuals

    1. Latest Income Tax Return statements and audited financial statements
    2. Statement of account for the existing credit card
    3. DTI Registration certificate is to be submitted for sole proprietary businesses.
    4. For partnerships and corporations, SEC Registration certificate is to be submitted.

    Requirements upon release of loan

    1. Original copy of two valid ID’s
    2. Original copy of all the documents is to be presented.
    3. Fully signed Post-dated cheques

    How to Calculate Loan Repayment for Eastwest Bank Personal Loan?

    Before applying for a personal loan, it is always a good idea to be informed about the monthly amortization details to check if the EMI’s will be affordable. Instead of doing manual interest calculation, you can take the help of personal loan calculator to find the same. You will have to fill in essential details like the loan amount, tenure and the interest rate and other information like age, gross annual income and processing fee. Once all the details are entered, the calculator automatically computes the monthly personal loan EMI . This detail will help you to check if the EMI is affordable and also plan the finances suitably.

    Extra Fees and Charges

    The additional fees which will be deducted from the loan proceeds of the client are as follows:

    1. Loan processing fee of PhP1,500
    2. Documentary Stamp Tax (DST) of PhP1 for every PhP200 of the loan amount. For loan amounts greater than P2,50,000, a fraction of the amount will be deducted as DST.

    This unsecured, non-collateralized consumer loan scheme provided by the EastWest Bank is a great option to consider if you are looking for funds to finance your personal needs. With such wide array of flexible options and customer-centric benefits, EastWest Bank’s personal loan will be always be your friend when in need.

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