Types of Loans You Can Take Advantage of as an EastWest Bank Customer

When it comes to managing life’s major expenses, borrowing money from trusted and reliable financial institutions can be an effective solution. Whether you're purchasing your first home, buying your dream car, or addressing unexpected costs, loans allow you to access the funds you need while maintaining a stable cash flow. When used wisely, loans can help ease the financial burden of big-ticket expenses, so you can focus on achieving your goals without disrupting your resources for daily living. 

That said, selecting the right loan solutions is an essential step to ensuring that borrowing is a smooth and beneficial process for you. As an EastWest Bank customer, you have access to a range of flexible and secure loan options that are designed to meet your diverse financial needs. Known for our customer-centric approach, our bank offers a variety of loan products with competitive terms that are tailored to fit your unique circumstances. 

Now, let’s take a closer look at the different types of loans EastWest Bank customers can take advantage of so you can also make an informed decision that best suits your goals.

1. Auto Loan

Buying a vehicle, whether for personal or business use, is a major financial milestone for anyone. EastWest Bank’s auto loan is designed to make this goal more attainable, offering financing options for those looking to purchase either a brand-new or a second-hand vehicle. This flexibility allows customers to choose a car that fits their lifestyle and budget. For those who prefer pre-owned vehicles, EastWest Bank ensures that the process is just as straightforward as financing a brand-new car.

One standout feature of our auto loan is the flexible payment options. Borrowers can choose between paying interest in advance or in arrears, which can significantly impact their repayment terms. When you pay the loan interest in advance, you pay the interest for the entire loan upfront before the principal amount is paid off. This option is ideal for borrowers who want to lock in their interest rate. However, this may result in higher initial payments since the interest is paid upfront.

In contrast, paying interest in arrears means that interest payments are made at the end of the payment period or alongside principal repayments. The borrower will pay the interest on the loan as they go, typically along with the principal amount over the term of the loan. This option allows for more flexibility since it spreads the interest payments throughout the loan’s life.

To help you get an idea of your interest payments based on your preferred loan terms and whether you'd like to pay interest in advance or arrears, we offer an auto loan calculator on our website. This tool lets you estimate monthly payments based on your loan amount, term, and interest payment options, so you can plan accordingly.

2. Home Loan

Owning a home is the ultimate Filipino dream, and our home loan is tailored to help customers achieve this goal. Whether you’re purchasing your first property, building your dream home, or planning for future construction, EastWest Bank offers a range of financing solutions tailored to meet your needs.

Loan for Home or Condo Acquisition

EastWest Bank’s home loan offers financing for the purchase of residential properties, including houses, townhouses, condominiums, and residential apartments (up to a maximum of four doors). This loan is ideal for those looking to secure a place to call their own, whether it’s a starter home or a long-term residence.

Loan for Lot Acquisition

If you’re still in the planning stages of building your dream home, EastWest Bank’s Lot Acquisition Loan provides the financial assistance needed to purchase a residential lot. This option is perfect for individuals who want to invest in land now and construct their homes later. 

Loans for Home Construction

For those ready to bring their dream homes to life, EastWest Bank’s home loan provides the financing needed to build a house from the ground up. This loan is designed to cover construction costs, offering the flexibility to create a space that meets your unique needs and preferences.

Loan for Home Improvements

In addition to purchasing property, EastWest Bank’s home loan can be used to fund home construction or home renovations. Whether you need to build a new house from the ground up or renovate an existing property, this loan allows you to make significant improvements to your living space. From expanding your home to upgrading its amenities, EastWest Bank offers you the financial assistance you need to enhance the value and comfort of your property.

Loan to Reimburse Property Purchases

EastWest Bank’s home loan also provides an option for reimbursement. If you’ve purchased a residential property within the past year and have already made payments, the bank can offer a reimbursement based on the property’s title transfer or a Condominium Certificate of Transfer for condominiums. This option gives you the flexibility to access funds retroactively, assisting you with other financial needs while ensuring you still maintain ownership of your property.

Home Equity Loan

For homeowners who have built up equity in their property, EastWest Bank’s home equity loan offers an opportunity to borrow against that value. A home equity loan allows you to access additional funds using your home as collateral. This can be especially useful for personal expenses, such as education, medical bills, home improvements, or business loans.

Top-Up Loan Option

If you’ve already taken out a home loan and have paid off a portion of it, EastWest Bank offers a top-up loan option. This allows you to borrow against the paid-off portion of your existing home loan. Whether you need additional funds for home renovations, personal expenses, or debt consolidation, the top-up loan offers a convenient way to access funds without going through the process of applying for a completely new loan. This option provides existing borrowers with greater financial flexibility and quick access to the funds they need.

3. Personal Loan

Sometimes, life calls for extra funds to manage one’s personal projects or unexpected expenses, and EastWest Bank’s personal loan offers a practical solution. This loan can be used for various purposes, such as funding your educational expenses, financing essential travel costs, covering medical bills, or consolidating debts. 

We at EastWest Bank offer flexible loan amounts and terms, ensuring that the loan adapts to the borrower’s specific needs without overburdening them financially. You can borrow amounts of between Php25,000 and Php3,000,000, subject to the EastWest Bank’s approval. You can also choose among EastWest Bank’s personal loan terms of 12, 18, 24, 36, 48, or 60 months—or five years if you need more time. Take note that this is also subject to our approval.

EastWest Bank offers a wide range of loan options designed to help Filipinos achieve their personal and financial goals. From purchasing a car or home to covering personal expenses, these loans provide flexible terms and features to make borrowing easy and affordable. If you’re ready to take the next step, visit an EastWest Bank branch or click the “Apply Now” button on our website. With EastWest Bank’s loan offerings, achieving your dreams is closer than ever.