Eastwest Bank Personal Loan with Credit Card Bundle
Available only to Eastwest Bank credit card holders, this promises a maximum of 11 banking days to have your loan delivered at your deposit account from the time you send your application!
- 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
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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 tenure | 6 months |
| Max. loan tenure | 3 years |
| Interest rate | Fixed rate of 18.00% per annum, 1.50% per month add-on |
| Approval duration | Up to 5-7 banking days |
| Debt consolidation | No |
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. fee | N/A |
| Other fees | Returned 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 requirement | Age 21 - 65 |
| Employment eligibility | At least ₱15,000 monthly income |
| Min. salary requirement | ₱15,000 gross per month |
| Guarantor / Collateral requirement | Yes |
Other Requirements
| Need to open linked banked account? | Yes |
| Other details | Method of Payment - Post-dated Checks |
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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 should also have an existing credit card for at least 12 months.
- 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 LoanRCBC Savings Bank Personal Loan
Sterling Bank of Asia Personal Loan
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.