EASTWEST BANK PERSONAL LOAN – Are you in need of some financial solution that can possibly provide you a huge amount?
Banks are among the entities that you may turn to for a financial solution. If you want a reputable banking entity to deal with, you may to the EastWest Bank.
EastWest Bank Offers Cash Loan That’s Ready To Provide Solution To Your Financial Needs
Guide on the EastWest Bank Personal Cash Loan Offer
EASTWEST BANK – The bank offers a Personal Loan that is ready to provide convenient solution to your cash needs.
One of the reputable banks in the Philippines is the EastWest Bank which was founded by the late tycoon Andrew Gotianun and his wife. The bank is part of the Filinvest Group which is led by the Gotianun family. Its main branch is at The Beaufort.
Millions of Filipinos trust the EastWest Bank. It has both personal and business offers which includes different types of loans. One of the loan offers is the Personal Loan, a multi-purpose cash loan offer that can attend to multiple needs.
The EastWest Bank cash loan offer is non-collateral. Thus, there is no need to present a property to be used as the collateral in applying for the loan offer. There is also no need for a co-maker.
How much you may borrow under the loan offer? Here are the minimum and maximum loanable amounts set by the bank:
- Minimum Loanable Amount — Php 25,000
- Maximum Loanable Amount — Php 2 million
The loan is payable for 12, 18, 24, or 36 months at competitive interest rates. Who are qualified to apply for the loan offer? Here are the qualifications set by the bank:
- a Filipino citizen or Foreign National permanently residing in the Philippines
- at least 21 years old during application and not more than 65 years old upon loan maturity
- has at least one fixed landline number (either home or business) and a mobile number
- has a gross (basic) monthly income (GMI) must be at least Php 15,000 or basic annual income or must not be less than Php 180,000
Aside from the qualifications, there are documentary requirements for the EastWest Bank cash loan application. With regards to the interest rates, the interest depends if you have an existing credit card or bank loan of at least nine (9) months.
Here are the interest rates set by the bank for loan applicants with existing credit card or bank loan of at least nine (9) months:
| With Existing Credit Card or Bank Loan of At Least 9 Months | ||||
|---|---|---|---|---|
| Tenor | Monthly Rate | Factor Rate | Contractual Interest Rate | Effective Interest Rate* |
| 12 months | 1.79% | 0.1012333 | 37.54% p.a. | 50.27% p.a. |
| 18 months | 0.0734556 | 37.45% p.a. | 48.50% p.a. | |
| 24 months | 0.0595667 | 36.98% p.a. | 46.97% p.a. | |
| 36 months | 0.0456778 | 35.78% p.a. | 44.42% p.a. | |
Here are the interest rates set by the bank for loan applicants with no existing credit card or bank loan of at least nine (9) months:
| Without Existing Credit Card or Bank Loan of At Least 9 Months | ||||
|---|---|---|---|---|
| Tenor | Monthly Rate | Factor Rate | Contractual Interest Rate | Effective Interest Rate* |
| 12 months | 1.99% | 0.1032333 | 41.51% p.a. | 56.19% p.a. |
| 18 months | 0.0754556 | 41.31% p.a. | 54.19% p.a. | |
| 24 months | 0.0615667 | 40.70% p.a. | 52.41% p.a. | |
| 36 months | 0.0476778 | 39.26% p.a. | 49.42% p.a. | |