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With Existing Credit Card or Bank Loan of At Least 9 Months

TenorMonthly RateFactor RateContractual Interest RateEffective Interest Rate
12 Months1.79%0.101233337.54% p.a.50.27% p.a.
18 Months0.073455637.45% p.a.48.50% p.a.
24 Months0.059566736.98% p.a.46.97% p.a.
36 Months0.045677835.78% p.a.44.42% p.a.
48 Months0.038733334.61% p.a.42.36% p.a
60 Months0.034566733.55% p.a.40.65% p.a

Without Existing Credit Card or Bank Loan of At Least 9 Months

TenorMonthly RateFactor RateContractual Interest RateEffective Interest Rate
12 Months1.99%0.103233341.51% p.a.56.19% p.a.
18 Months0.075455641.31% p.a.54.19% p.a.
24 Months0.061566740.70% p.a.52.41% p.a.
36 Months0.047677839.26% p.a.49.42% p.a.
48 Months0.040733337.89% p.a.47.01% p.a
60 Months0.036566736.67% p.a.45.03% p.a

*Contractual and Effective Interest Rates in the tables above are computed based on a Loan Amount of Php100,000 and Processing Fee of Php1,900. Rates shown are indicative only and may change upon approval depending on your approved loan amount, tenor, and applicable fees such as loan processing fee and documentary stamp tax (DST). The final rate of your personal loan will be confirmed in your loan documents prior to booking. Per BSP Circular No.730, EIR is the rate that exactly discounts estimated future cash flow through the life of the loan to the net amount of loan proceeds. It is the rate that best measures the true cost of credit. Processing of application will take 5 to 7 banking days. Release of loan proceeds to the client will take another 2 banking days for pick up and 2 to 4 banking days for the delivery and deposit to account option.

How to Apply for a Personal Loan?

Click on the Apply Now button to access the Personal Loan chatbot.

Fill out the required fields within the chatbot and read through the Terms and Conditions as well as the Data Privacy Statement.

Upload documentary requirements and submit your application.

Personal Loan Calculator

Take control of your finances today and make informed decisions about your future with our user-friendly Personal Loan Calculator.

  • Applicant must:
     
    • Be a Filipino citizen or Foreign National permanently residing in the Philippines.
    • Be at least 21 years old during application and not more than 65 years old upon loan maturity.
    • Have at least one fixed landline number (either home or business) and a mobile number. (Mobile number will not be accepted as a stand-alone contact number).
    • Have a Gross (basic) monthly income (GMI) must be at least Php15,000 or basic annual income or must not be less than Php180,000.

Requirements Upon Loan:

  • Completely filled-out EastWest Online Personal Loan Application Form
  • Photocopy of at least one (1) valid digitized photo-bearing and signature-bearing I.D.'s issued in the Philippines (i.e. Driver's License, Philippine Passport, Professional Regulation Commission (PRC) I.D., SSS I.D., BIR ID, Voter's I.D., Integrated Bar of the Philippines I.D., and Unified SSS/GSIS and TIN I.D.). Company I.D.'s issued by private entities or institutions registered with or supervised or regulated either by the BSP, SEC or IC may also be submitted.
  • (For Foreign Nationals Only) ANY of the following Proof of Residence: Alien Certificate of Registration, Immigrant Certificate of Registration or Photocopy of Resident Visa stamp on Passport
  • Proof of Income as follows:

If employed, submit ANY of the following:

  • Photocopy of latest ITR/BIR Form 2316; or
  • Photocopy of latest three months pay slips; or
  • Certificate of Employment stating Salary, Position and Date Employed; or
  • Valid Credit Card reference or its latest Credit Card Statement of Account

Note: Other documents may be required for further verification.

If self-employed, submit ANY of the following:

  • Photocopy of latest ITR/BIR Form 1701 and Audited Financial Statements
  • DTI Registration Certificate (for Sole Proprietorship) or SEC Registration Certificate with page stating shares owned by the applicant (for Partnerships or Corporations)
  • Business Permit
  • Valid Credit Card reference or its latest Credit Card Statement of Account
  • Other documents may be required for further verification such as a Mayor's Permit.

Note: All documents submitted/ presented must be under the name of the applicant (correct spelling required, include suffix if applicable).

Requirements Upon Loan Release:

  1. Original Copy of documents submitted (to be presented only)
  2. Two (2) Valid ID's
    1. One to be presented to the EastWest Personal Loan Releasing Unit as ID verification
    2. One to be presented to the lobby Guard of the building
  3. Original signed application form
  4. Post Dated Checks — Fully accomplished and signed (Kindly ensure that the PDCs that you will issue have no erasures, correction and/or alteration.)

Requirements for Delivery and Credit to Account option

  1. Photocopy of one (1) valid ID (submitted upon initial application) with 3 specimen signatures
  2. Original Copy of documents submitted (to be presented only).
  3. Post Dated Checks — Fully accomplished and signed (Kindly ensure that the PDCs that you will issue have no erasures, correction and/or alteration.)

 

Frequently Asked Questions

EastWest Personal Loan is a multi-purpose credit facility that you can use to renovate your home, travel with your loved ones, prepare funds to celebrate life milestones, pay for your child’s education or bridge any immediate financing need that you may have.

You can borrow amounts ranging from Php25,000 to Php3,000,000 subject to our approval

EastWest Personal Loan provides easy payment term options to choose from -- 12, 18, 24, 36, 48, and 60 months, subject to bank approval.

Please click here to go to the PL Calculator page to find out the estimated monthly installment for your desired loan amount and term.

Personal loan application processing time takes 5 to 7 banking days upon receipt of complete document requirements.

Please click here to view the list of application requirements.

You may apply online by clicking Apply Now. You may also apply through any of our EastWest stores or call our customer service at by calling (632) 8888-1700. For the list of EastWest stores, please click here.

There is a one-time loan processing fee of Php1,900 which will be deducted from your loan proceeds when you avail the loan.

Please click here to view the complete Table of Fees and Charges related to EastWest Personal loan.

Your net loan proceeds may be deposited to your preferred bank account or released to you in the form of Manager’s Check which will be picked up from the Head Office of EastWest Bank at the 1st floor, The Beaufort, 5th Avenue corer 23rd Street, Fort Bonifacio Global City, Taguig, Metro Manila.

You may issue post-dated checks (PDC) to pay for your monthly installments. Other available payment options will be communicated to you once your loan has been approved.

Yes, you can make advance payments to your loan. Note however that in case of early pay-off or prepayment before maturity, a processing fee equivalent to 8% of your outstanding principal balance or Php500, whichever is higher, will apply.

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