Another Loan Alternative: EastWest Bank Personal Loan

EastWest Bank is one of the fastest-growing bank nowadays. To keep up with the growth and trend, the bank continuously offers products fit for every member of the society. This includes personal loan, a multi-purpose loan that is designed to suit your financial needs. This is open to everyone (as long as it is within the age limit), which you can use to pay off bills, renovate your home, investment, or for your child’s education.

Here’s what you need to know about EastWest Bank’s Personal Loan facility plus tips on how to apply and boost chances of approval:

Features of EastWest Bank Personal Loan

  • Loan Amount: minimum of P25,000 to maximum of P2 million
  • Loan Term: 12, 18, 24, and 36 months
  • Monthly Interest Rate: 1.89 percent if borrower has either no credit card or with credit card less than one year; 1.49 percent for 12 months, 1.59 percent for 18 and 24 months, and 1.69 percent for 36 months
  • No collateral and co-maker required
  • Loan proceeds will be released via Manager’s Check, which you must pick up at EastWest Bank Head Office
  • Loan payment through Post-Dated Checks, which will be picked up by EastWest Bank’s authorized messenger. You can also request for Credit to Account option
  • Processing fee of P1,900, which will be deducted from the loan proceeds
  • Late payment fee of P500 per month or 8 percent per month of the past due amount, whichever is higher
  • Early Payoff Fee of P500 per month or 8 percent per month of the outstanding balance, whichever is higher


  • Filipino citizen
  • At least 21 years old at the time of loan application and not more than 65 years old by the time the loan matures
  • Have landline number AND mobile number available
  • With gross monthly income of at least P15,000 or basic annual income is not less than P180,000
  • Photocopy of at least one valid government-issued ID. You can also check out the list of acceptable IDs here.
  • If employed, photocopy of latest ITR or BIR Form 2316; OR latest payslip for the past three months; OR latest credit card Statement of Account
  • If self-employed, photocopy of ITR or BIR Form 1701, audited Financial Statements, DTI or SEC registration certificate, latest credit card Statement of Account, AND other documents for further verification such as Business Permit or Mayor’s Permit

How to Apply for EastWest Bank Personal Loan Online:

  1. Fill out the online application form. You can access it here.
  2. Accept the Terms and Conditions.
  3. Enter the Verification Code and click Submit.
  4. Attach scanned copies of the required documents for reference.

Loan processing will take some time. You will also be contacted by the bank’s representative for additional instructions, so make sure to check your email regularly.

Tips in Applying for EastWest Bank Personal Loan:

  • Submit all necessary requirements, especially proof of income, to facilitate faster processing and approval.
  • Own a credit card or at least consider getting one if you plan to apply for the bank’s Personal Loan facility. Having one (and making sure you pay on time) gives EastWest Bank an impression that you are a responsible borrower.

Are you ready to apply?


24 thoughts on “Another Loan Alternative: EastWest Bank Personal Loan

  1. Hi im self employed have business ongoing for 1 year and 3months to be exact. Would like to ask what bank can i apply? Hope you could help me. Thank u.

    1. Hello there Yuu! Most banks have a minimum requirement of two years for self-employed individuals. Your application might be declined despite submitting the documents because you didn’t meet the required tenure for business. We’re sorry for this.

  2. Hello! I am an OFW here in Kuwait,can I apply for a loan but I want my husband or my mother to process the application, my income is 20k-21k depends on the exchange rates.
    Hope for your reply

    1. Hi Riza! You must execute SPA muna allowing your husband or mother to apply for a loan on your behalf.

  3. Hi I have closed credit card with eastwest but I already settled the balance. Is it possible to be approved if I will apply personal loan?

    1. Hi Sha! You can still apply even without a credit card. Owning a credit card only helps East West (and other banks) to check your credit history, which is their basis on the approval or rejection of your loan 🙂

    1. Hi Leah. Please contact EastWest directly regarding this since they have access to your loan application. Thanks.

  4. hi .. how about contractual status of work? i received same benefits with regular employee. can i apply personal loan?

    1. Hi Kemuel! You can still try applying for a loan. Please ensure that all documents will be submitted to EastWest can properly evaluate your loan application. Thanks!

  5. An agent called me last Feb. 07, 2019 that I got approved with my personal loan with EWB. But will call me back for loan details. and until now i dont received any call from her. Could you checked pls if it was true.

    1. Hi Aubrey! We’re not sure if EastWest conducts this kind of “transaction.” You may check with them directly regarding their personal loan facility as well. Thanks.

  6. Hi, I applied for a loan two months ago. As I’ am been checking with the agent I asked help with.. its still in process. How long is your process for loan approval? I have submitted everything they needed to process my loan. I do not have credit card.

    1. Hi Cristina! Having a credit card is among the requirements you need to comply with when you apply for this facility. Any lacking requirements could cause delay or rejection of your loan application.

  7. Hello! I am an OFW here in Kuwait,can I apply for a loan but I want my Father or my brother to process the application, my income is 69k-70k depends on the exchange rates.
    Hope for your reply

    1. Hi Vencent. Please coordinate with EasrWest Bank near you since may mga requirements po kayo na dapat i-submit to process the loan application even if you are not personally in the Philippines.

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