EastWest Personal Loan



> About EastWest Personal Loan

Whatever your dreams and desires are, EastWest Bank Personal Loan is the quick and easy financial solution that helps you get the cash you need. EastWest Bank Personal Loan is an unsecured and non-collateralized consumer loan that is granted to qualified individuals for their personal use. This loan facility is multi-purpose and comes in affordable fixed equal monthly installments.

Enjoy the following benefits of EastWest Bank Personal Loan:

  • Multi-purpose – Versatile loan facility designed to suit your needs
    • Young Adult – Buy or accessorize your car / buy gadgets
    • Family Formation – Plan your wedding / fund your children's education / plan a vacation
    • Family Maturity – Celebrate special milestones / home improvement / pay-off bills
    • Retirement – Settle your medical bills
  • No Co-maker, No Collateral Requirement – Cash solution for all your needs. Increase your financial flexibility through loanable amounts ranging from Php25,000 to Php2,000,000 (subject to our approval).
  • Flexible Terms – Choose among our payment terms 12, 18, 24 and 36 months to make your installments very affordable.
  • Competitive Interest Rates – Manage your cash flow and enjoy low interest rates. See table of Interest Rates below.
  • Convenient and Fast Processing – Apply within the comfort of your home or office. In addition, get your loan proceeds via Manager's Check or credit to your EastWest Bank nominated account.
    • Pick up at the Head office – The bank will release the loan proceeds by issuing a Manager's Check. The client is required to pick up the check from the head office of EastWest Bank.
    • Delivery and Deposit to Account – A messenger will deliver the loan documents to the client's delivery address for sign-off and pick up the Post-Dated Checks. Requirements will be returned to the head office. If all requirements are complete, the loan proceeds will be deposited to the client's account.

      *Delivery option is available for selected areas with a minimal delivery fee.


Table of Interest Rates

With Existing Credit Card for at least 12 Months
Tenor Monthly Rate Factor Rate Contractual Interest Rate Effective Interest Rate*
12 months 1.49% 0.0982333 31.51% p.a. 41.67% p.a.
18 months 1.59% 0.0714556 33.54% p.a. 42.93% p.a.
24 months 1.59% 0.0575667 33.19% p.a. 41.62% p.a.
36 months 1.69% 0.0446778 34.01% p.a. 41.94% p.a.

Without Credit Card/With Credit Card less than 12 Months
Tenor Monthly Rate Factor Rate Contractual Interest Rate Effective Interest Rate*
12 months 1.89% 0.1022333 39.53% p.a. 53.21% p.a.
18 months 1.89% 0.0744556 39.39% p.a. 51.33% p.a.
24 months 1.89% 0.0605667 38.85% p.a. 49.68% p.a.
36 months 1.89% 0.0466778 37.53% p.a. 46.92% p.a.

*Based on Loan Amount of Php100,000 and Processing Fee of Php1,900. 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 3 to 5 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.



> Sodexo Premium Passes Promo

TwoSeasons

Get as much as P30,000 FREE Sodexo Premium Passes when you consolidate your outstanding balances with other financial institutions through EastWest Personal Loan.


Apply Now


Promo Mechanics


  1. The promo is open to all personal loan borrowers who apply for and are subsequently approved of an EastWest Personal Loan from March 15 to August 14, 2019.
  2. To qualify, the following criteria must be met:
    1. The completely filled out Personal Loan Application Form and other documentary requirements must be submitted to any of the following channels:
      1. any EastWest store
      2. EastWest website at www.ewbanker.com
      3. EastWest 24-Hour Customer Service at 888-1700
      Personal Loan Applications sourced from third party sales agencies/direct sales agencies and those that are under cross-sell, top-up and wholesale programs shall not be qualified under this promo.
    2. Loan term must be 24 or 36 months;
    3. Loan amount must be at least Php25,000;
    4. Loan application must be approved and subsequently booked within 2 months from approval date.
  3. A personal loan borrower who subsequently cancels his/her approved loan shall not be eligible to re-apply for a personal loan with EastWest within sixty (60) days from approval date. This applies to cases where the personal loan is sourced from third party sales agencies/direct sales agencies and under the cross-sell, top-up and wholesale programs.
  4. Qualified personal loan borrowers will receive Sodexo Premium Passes based on their booked loan amount as follows:

    TwoSeasons
  5. Qualified personal loan borrowers may receive the Sodexo Premium Passes in either of two ways:
    1. Upon release of personal loan proceeds at the EastWest Corporate Center, 1/F The Beaufort, 5th Avenue corner 23rd Street, Bonifacio Global City, Taguig City; or
    2. Via delivery by Sodexo to any of the borrower’s registered addresses for those whose loan proceeds are credited to an existing deposit account
      1. The Sodexo Premium Passes will be delivered to the borrower’s registered address within 18 banking days from booking of the loan.
      2. The borrower will need to present 1 valid government-issued ID with photo and signature.
      3. For authorized recipients, the authorized representative must submit the following upon delivery of the Sodexo Premium Passes:
        • Original authorization letter signed by the personal loan borrower;
        • Photocopy of 1 valid government-issued ID with photo and signature of the borrower; and
        • Photocopy of 1 valid government-issued ID with photo and signature of the authorized representative
  6. The Sodexo Premium Passes cannot be exchanged for cash or other goods or services from establishments not accredited or affiliated with Sodexo.
  7. In the event that the borrower defaults or pre-terminates his/her loan, the borrower will be charged the pro-rated value of the Sodexo Premium Passes awarded.
  8. Borrowers can only avail of the promo offer once.
  9. The use of the Sodexo Premium Pass is governed by Sodexo’s terms and conditions.
  10. Lost or destroyed Sodexo Premium Passes shall not be replaced.
  11. In case of dispute in respect of the borrower’s eligibility, coverage of the Promo dates, fulfillment, etc., EastWest’s decision shall be final and conclusive with the concurrence of DTI.
Per DTI FTEB Permit No. 3859, Series of 2019

 top


For more information:

Visit any EastWest Store.

Call 24/7 Customer Service Hotline 888-1700.

Email us at csloans@eastwestbanker.com.