Am I eligible for Eastwest Bank Personal Loan? The answer could be Yes or No but When searching for bank loans that is easy to apply and comes with no collateral or guarantor then I suggest you apply for Eastwest personal loan.
Through EastWest online self service facility, you will see that EastWest Bank offers a variety of loans, including personal loans, auto loans, home loans, and business loans.
Eastwest Bank Loans
Eastwest Bank offers variety of online loans which allows you to use your loan proceeds for any financing need you may have.
• Eastwest Bank Personal Loan
Personal loans are unsecured loans that can be used for any purpose, such as debt consolidation, home improvement, or medical expenses.
EastWest Bank offers personal loans with loan amounts ranging from Php 25,000 to Php 2 million and terms of 12 to 36 months.
The interest rate on a personal loan from EastWest Bank is 12.99% per annum.
• Eastwest Bank Auto Loans
Auto loans are loans that are used to purchase a car. EastWest Bank offers auto loans with loan amounts ranging from Php 100,000 to Php 10 million and terms of 12 to 60 months. The interest rate on an auto loan from EastWest Bank is 11.99% per annum.
• Eastwest Bank Home Loan
Home loans are loans that are used to purchase a house or condominium. EastWest Bank offers home loans with loan amounts ranging from Php 500,000 to Php 100 million and terms of 10 to 30 years. The interest rate on a home loan from EastWest Bank is 10.99% per annum.
• Eastwest Bank Business Loan
Business loans are loans that are used to finance a business venture. EastWest Bank offers business loans with loan amounts ranging from Php 1 million to Php 1 billion and terms of 12 to 60 months. The interest rate on a business loan from EastWest Bank is 14.99% per annum.
Eastwest Bank Loan Requirements:
Applying for a bank loan can be somehow, you will need to provide the bank with some information about yourself, such as your income, your employment history, and your credit score.
The bank will then assess your application and decide whether or not to approve you for a loan.
Same thing applies to applying for a loan from EastWest Bank because you will need to provide the following information:
- Your name, address, and contact information
- Your income and employment history
- Your credit score
- The purpose of the loan
- The amount of the loan you are requesting
- The term of the loan
You can apply for a loan from EastWest Bank online, by phone, or in person at any EastWest Bank branch.
How To Apply For Eastwest Bank Personal Loan?
Our tutorial guide can help you apply for an EastWest Bank Personal Loan. Here are the steps involved:
- Go to the EastWest Bank website and click on the “Personal Loans” tab.
- Click on the “Apply Now” button.
- You will be asked to provide some information about yourself, such as your name, contact information, income, and employment history.
- You will also be asked to upload copies of your identification documents and proof of income.
- Once you have submitted your application, an EastWest Bank representative will contact you to review your application and answer any questions you may have.
- If your application is approved, you will be notified and the loan proceeds will be disbursed to you.
Here are the requirements for applying for an EastWest Personal Loan:
- You must be a Filipino citizen or a foreigner with a permanent resident visa.
- You must be at least 21 years old and not more than 65 years old upon maturity of the loan.
- You must have a minimum monthly income of PHP15,000.
- You must have a good credit history.
The interest rate for an EastWest Personal Loan will depend on your credit score and the amount of the loan. The loan term can be up to 60 months.
Here are the fees associated with an EastWest Bank Personal Loan:
- Loan processing fee: PHP1,900
- Monthly service fee: PHP200
- Debt service tax (DST): PHP1.50 for every PHP200 of the loan amount.
If you are considering applying for an EastWest Personal Loan, it is important to compare the terms and conditions of the loan with other lenders before making a decision.
Benefits Of Getting A Loan From EastWest Bank:
- EastWest Bank offers a variety of loan products to meet your needs.
- EastWest Bank has a wide network of branches nationwide.
- EastWest Bank has a good reputation for customer service.
Drawbacks Of Getting A Loan From EastWest Bank:
- The interest rates on EastWest Bank loans are relatively high.
- The eligibility requirements for EastWest Bank loans are stringent.
- The application process for EastWest Bank loans can be time-consuming.
If you are considering getting a loan from EastWest Bank, you should carefully weigh the benefits and drawbacks before making a decision.
You should also compare the interest rates and terms of different banks before choosing one to apply to.
What Is The Maximum Loan Amount For Eastwest Bank Personal Loan?
The maximum loan amount for an EastWest Bank Personal Loan is PHP2 million. It can be applied for online through the EastWest Bank website.
Here are the details of the EastWest Bank Personal Loan:
- Loan amount: PHP25,000 to PHP2 million
- Interest rate: 17.88% per annum
- Loan term: 12 months to 60 months
- Loan processing fee: PHP1,900
- Monthly service fee: PHP200
- Debt service tax (DST): PHP1.50 for every PHP200 of the loan amount.
What Is The Phone Number For Eastwest Personal Loan?
The phone number for EastWest Bank’s Personal Loan department is (632) 8888-1700.
You can call this Eastwest Bank Personal Loan contact number to inquire about the loan, to apply for a loan, or to get information about your Eastwest Bank loan status.
You can also visit the EastWest Bank website to learn more about their Personal Loan products and to apply for a loan online.
Eastwest Bank Personal Loan Calculator
To use the Eastwest Bank Personal Loan calculator, simply enter the loan amount, interest rate, loan term, loan processing fee, and monthly service fee. The calculator will then calculate the monthly amortization for you.
For example, if you are applying for a PHP100,000 loan with an interest rate of 17.88% per annum, a loan term of 12 months, a loan processing fee of PHP1,900, and a monthly service fee of PHP200, your monthly amortization will be PHP9,619.
It is important to note that the monthly amortization is just an estimate. The actual monthly amortization may be higher or lower depending on the actual interest rate and loan term that you are approved for.
How Can I Renew My Eastwest Bank Personal Loan?
To renew your EastWest Bank Personal Loan, you can follow these steps:
- Go to the EastWest Bank website and log in to your account.
- Click on the “Loans” tab.
- Click on the “Personal Loans” tab.
- Click on the “Renew Loan” button.
- You will be asked to provide some information about yourself, such as your name, contact information, income, and employment history.
- You will also be asked to upload copies of your identification documents and proof of income.
- Once you have submitted your application, an EastWest Bank representative will contact you to review your application and answer any questions you may have.
- If your application is approved, you will be notified and the loan proceeds will be disbursed to you.
Here are some of the requirements for renewing your EastWest Bank Personal Loan:
- You must have a good credit history.
- You must have a minimum monthly income of PHP15,000.
- You must have paid your loan on time for the past 6 months.
- You must be current on all of your other financial obligations.
Here are the fees associated with renewing your EastWest Bank Personal Loan:
- Loan processing fee: PHP1,900
- Monthly service fee: PHP200
- Debt service tax (DST): PHP1.50 for every PHP200 of the loan amount.
Wrapping Up On Eastwest Personal Loan
The EastWest Bank Personal Loan is a loan that is available to Filipino citizens and foreigners with a permanent resident visa.
The loan amount ranges from PHP25,000 to PHP2 million, and the loan term is up to 60 months. The interest rate is 17.88% per annum.
To be eligible for an EastWest Bank Personal Loan, you must:
- Be at least 21 years old and not more than 65 years old upon maturity of the loan.
- Have a minimum monthly income of PHP15,000.
- Have a good credit history.
The loan processing fee is PHP1,900, and the monthly service fee is PHP200. There is also a debt service tax (DST) of PHP1.50 for every PHP200 of the loan amount.
To apply for an EastWest Bank Personal Loan, you can:
- Visit an EastWest Bank branch.
- Apply online through the EastWest Bank website.
- Call EastWest Bank’s Personal Loan department at (632) 8888-1700..
Here are some of the pros and cons of the EastWest Bank Personal Loan:
Pros:
- The loan amount is up to PHP2 million.
- The loan term is up to 60 months.
- The interest rate is 17.88% per annum.
- The loan processing fee is PHP1,900.
- The monthly service fee is PHP200.
- There is no prepayment penalty.
Cons:
- The interest rate is relatively high.
- There is a debt service tax (DST) of PHP1.50 for every PHP200 of the loan amount.
- The loan processing fee is relatively high.
- The monthly service fee is relatively high.
Overall, the EastWest Bank Personal Loan is a good option for Filipinos and foreigners with a permanent resident visa who need a large loan amount for a long period of time.
However, the interest rate is relatively high, so it is important to compare the terms and conditions of the loan with other lenders before making a decision.