• Interest Rate (p.a)

    5.50%

  • Min Loan Amount

    ₱500000

  • Margin of Finance

    80%

  • Fixed Term (years)

    None

Loan calculator
Loan amount

Loan Tenure (years)
Fixed Term (years)
Interest Rate (p.a)

5.50%

Monthly Repayment

₱10,853

Whats so great about Eastwest Bank Housing Loan?
  • Interest starts at 6.00%
  • Payable up to 30 years
  • No Lock-In Period

Product Features

Margin of Finance: 80%
Loan Tenure: Up to 30 Years
Suitable for: Purchase of House & Lot / Condominium, House Construction, Purchase of Lot, Refinancing, House Renovation / Expansion, Reimbursement.

Eligibility

Age 21 - 65 years old
Employment Permanently employed for at least one year; 2 years if OFW If self-employed, business must be at least 2 years in profitable operations
Citizenship Filipino citizen or former Filipino citizen eligible under BP 185 guidelines; foreign nationals are eligible if purchasing a unit covered by CCT

Product Review by iMoney

Is an EastWest Bank Housing Loan Right For Me?

EastWest Housing Loan can help you get the house you’ve always wanted at affordable and competitive rates. Enjoy the flexibility of choosing a fixed interest rate within your preferred payment period even for as long as 30 years.

How Much Can I Borrow With An EastWest Housing Loan?

  • Minimum of ₱500,000
  • Maximum of ₱10,000,000
  • Maximum of 80% of the appraised value of the property.

Am I Eligible for an EastWest Housing Loan?

Yes, if you are:

  • At least 21 years old upon loan application
  • At most 65 years old upon loan maturity
  • Filipino citizen or former Filipino citizen eligible under BP 185 guidelines; foreign nationals are eligible if purchasing a unit covered by CCT
  • Permanently employed for at least one year; 2 years if OFW 
  • If self-employed, business must be at least 2 years in profitable operations

What Documents Will I Need to Prepare?

If you have applied for an EastWest Housing Loan, you will be asked to provide some supporting documents in order for the bank to process your application. These documents are listed below:

If Locally Employed:

  • Completely filled-out application form
  • Two (2) valid Government-issued IDs
  • Certificate of Employment w/ Compensation (COEC) indicating position and length of service
  • Latest Income Tax Return (ITR)

If OFW:

  • Completely filled-out application form
  • Two (2) valid Government-issued IDs
  • COEC w/ original 6-month remittances; or
  • COEC w/ original 6-month payslips; or
  • Consularized Certificate of Employment w/ Compensation (COEC)

If Self-Employed:

  • Completely filled-out application form
  • Two (2) valid Government-issued IDs
  • Business Registration (SEC/DTI)
  • Audited Financial Statements for the last 2 years
  • Updated Interim Financial Statement if most recent AFS is more than 6 months
  • Latest 6-month bank statements w/ authorization to conduct bank verification
  • List of trade references (at least 3 suppliers and 3 customers with telephone numbers and contact persons)
  • Articles of incorporation and By-laws

REQUIRED COLLATERAL DOCUMENTS:

  • Photocopy of Title for collateral (TCT for land title / CCT for condo titile)
  • Appraisal Fee Official Receipt (OR)

Sounds Great! How Should I Proceed?

You can use the EastWest Bank Housing Loan calculator to calculate your monthly repayments, based on your desired property value and loan amount. Once you are ready to apply, you can make a free enquiry through iMoney, and our customer representatives will call you back. Applying for a home loan with iMoney is absolutely free of charge.

You may pay through the following options:

  • Issuance of Post-Dated Checks (PDCs) in favor of EastWest Bank
  • Opening or enrolment of an EastWest Bank Account for an Auto-Debit Arrangement.

If you're still undecided, our team would also recommend that you look at Security Bank housing loan to see if it's what you prefer. For more choices you can also view the full list of housing loan options from other banks available on our website.