Why Loan With EastWest

Multi-purpose Loan Facility up to Php 3 Million

Use your loan proceeds for any financing need you may have. Loanable amounts range from Php 25,000 to Php 3 Million.

Affordable Financing Term Options

Experience lighter monthly installment payments to allow you to better manage your cash flow with available financing terms of 12, 18, 24, 36, 48, and 60 months at competitive interest rates.

No Collateral Needed

Applying for a loan is easy - no collateral or co-maker needed.

What You Need to Know

Minimum Loan Amount: Php 25,000

Maximum Loan Amount: Php 3 Million

Minimum Term: 12 months (1 year)

Maximum Term: 60 months (5 years)

Interest Rates with Existing Credit Card or Bank Loan of At Least 9 Months
Tenor	Monthly Rate	Factor Rate	Contractual Interest Rate	Effective Interest Rate*
12 Months	1.79%	0.1012333	37.54% p.a.	50.27% p.a.
18 Months		0.0734556	37.45% p.a.	48.50% p.a.
24 Months		0.0595667	36.98% p.a.	46.97% p.a.
36 Months		0.0456778	35.78% p.a.	44.42% p.a.
48 Months		0.0387333	34.61% p.a.	42.36% p.a
60 Months		0.0345667	33.55% p.a.	40.65% p.a

Interest Rates without Existing Credit Card or Bank Loan of At Least 9 Months
Tenor	Monthly Rate	Factor Rate	Contractual Interest Rate	Effective Interest Rate*
12 Months	1.99%	0.1012333	41.51% p.a.	56.19% p.a.
18 Months		0.0734556	41.31% p.a.	54.19% p.a.
24 Months		0.0595667	40.70% p.a.	52.41% p.a.
36 Months		0.0456778	39.26% p.a.	49.42% p.a.
48 Months		0.0387333	37.89% p.a.	47.01% p.a
60 Months		0.0345667	36.67% 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.

Terms, fees, and conditions apply. Interest rates vary based on loan amount, terms, and borrower qualifications.

How to Apply for a Personal Loan

1. Complete the Application Form

Fill out the application form and read through the terms and conditions.

2. Prepare Required Documents

Prepare scanned copies of the necessary supporting documents.

3. Submit Your Application

Submit the application form and wait for confirmation.

APPLY NOW

Application Requirements

Eligibility
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.

Documentary Requirements
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:

Original Copy of documents submitted (to be presented only)
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
Original signed application form
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.)

Experience What’s Best with EastWest Personal Loan