• Interest Rate (p.a.)

    17.88% - 20.28%

  • Loan Tenure

    0.5 - 3 years

  • Approval Duration

    Up to 5-7 banking days

  • Min. monthly income

    ₱15,000

Loan calculator
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What's so great about Eastwest Bank Personal Loan with Credit Card Bundle?
  • Approved loan amount of up to ₱2,000,000.00.
  • Fixed interest rate starting at 1.50% per month.
  • Loan approval within 5-7 banking days.

Product Features

Min. financing amount₱25,000
Max.financing amount Up to ₱2,000,000
Min. loan tenure6 months
Max. loan tenure3 years
Interest rateFixed rate of 18.00% per annum, 1.50% per month add-on
Approval durationUp to 5-7 banking days
Debt consolidationNo

Fees & Charges

One time set up
Processing fee₱1,500.00
Stamp duty₱1.00 for every ₱200.00 in excess of ₱250,000 of the loan amount
Disbursement & misc. feeN/A
Other feesReturned check fee is ₱1,000.00 and ₱200.00 for check replacement fee.
Penalties
Early settlement₱500.00 or 8% of the outstanding principal whichever is higher
Late payment charges₱500.00 per month or 8% per month of the past due amount, whichever is higher

Eligibility

Age requirementAge 21 - 65
Employment eligibilityAt least ₱15,000 monthly income
Min. salary requirement₱15,000 gross per month
Guarantor / Collateral requirementYes

Other Requirements

Need to open linked banked account?Yes
Other detailsMethod of Payment - Post-dated Checks

Product Review byiMoney

Eastwest Bank Personal Loan with Credit Card Bundle FAQ

What is the maximum amount you can borrow?

You can borrow as much as Php 2,000,000.00 in one application provided that your income level can pay for the loaned amount appropriately.

What are the minimum qualifications?

Applicant must be between the age 21 to not more than 65 upon loan maturity to qualify.

Applicant must be a Filipino citizen that is either residing or working in a city/town with an EastWest bank branch, should be a regular employee with tenure of at least 6 months in current employer or self-employed with business that is operational for at least 2 years. and should be earning a minimum gross income of ₱15,000 per month. He/She should also have an office landline and mobile number, and preferably a residence phone number.

What will it cost you and how will you be charged?

Again, it really depends on the bank. Since interest rates are not monitored closely by the Bangko Sentral ng Pilipinas, interest rates for your loan can go leaps and bounds. Best is to check each bank from our comparison table and see how much interest you will pay overtime depending on how many months you choose to pay your loan, use our Personal Loan Calculator to make this task easier.

Calculate the cost of taking up this loan using our calculator.

How long will the application take and what documentations are required?

Besides the filled – out application form. The common ones are documents that state your income, identification and employment if you are employed and documents’ stating your business is legally registered, if you are self – employed.

Thereafter, Eastwest Bank will require 48 hours before approval or disbursement. You are required to furnish the following documents for your loan application:

Fully Employed applicants need:

  • Completely filled-out and signed EastWest Bank Personal Loan Application Form
  • Photocopy of one (1) valid photo-bearing digitized I.D.
  • Photocopy of BIR FORM 2316/W2 (Tax Withheld)
  • Photocopy of Latest one month pay slip
  • Valid credit card reference or latest Statement of Account of the existing credit card
  • Original copy of Certificate of Employment stating salary and position

Self – Employed applicants need:

  • Completely filled-out and signed EastWest Bank Personal Loan Application Form
  • Photocopy of one (1) valid photo-bearing digitized I.D.
  • Latest ITR and Audited Financial Statements
  • Latest Statement of Account of the existing credit card
  • DTI Registration Certificate (for sole proprietorships)
  • SEC Registration Certificate with page attached reflecting total shares owned by the applicant (for Partnerships and Corporations)

Can you apply if you have a bad CCRIS/ CTOS/ Credit Record?

Unfortunately, banks encourage you to pay your outstanding debt even before applying for a personal loan.


Find out what alternate personal loan options are available from other banks in the Philippines:

Chinatrust Salary Stretch Personal Loan
  • Whether for short or mid-term cash requirement, a multi-purpose Chinatrust Salary Stretch Personal Loan is all you need. From a minimum amount of ₱20,000 up to ₱1,000,000 loanable amount, you get reasonable 1.39% to 1.79% monthly add-on interest rate payable in 1-3 years. You're eligible to apply if you have at least ₱10,000 gross monthly income and 23 to 60 years of age upon loan maturity.

  • RCBC Savings Bank Personal Loan
  • With RCBC Savings Bank Personal Loan, you get additional funds as well as sound financial advice regarding your money matters. Borrow for as little as ₱50,000 to as high as ₱1,000,000 at a competitive interest rate of 18% per year. Loan tenure starts from 6 months to 3 years. You need to have at least ₱20,000 gross monthly income and be 21-60 years of age upon loan maturity.

  • Sterling Bank of Asia Personal Loan
  • Start getting things done today with Sterling Bank of Asia Personal Loan. Borrow funds for as low as ₱50,000 up to a maximum of ₱1,000,000 for any immediate need, as you enjoy reasonable interest rate starting at 16.8% per annum. You also get flexible payment terms of 1-3 years. To apply, you need to be at least 21-60 years of age and have a minimum gross monthly salary of ₱30,000.

  • Discover other selections available based on our team's suggested options. Browse throught our complete list of Salary Loan offered on our website and find out which one is perfect for your requirement.