Guide on EastWest Bank Home Loan Features & Application Process
EASTWEST BANK HOME LOAN – Here is a guide on the EastWest Bank offer that is open to finance several purposes related to residential properties.
Are you looking for a reputable entity that can assist you in reaching your dream for you and your family to have your own house? One of the entities that can help you is the EastWest Bank.
The EastWest Bank which was founded by the late business tycoon Andrew Gotianun and his wife is operating in the Philippines for several decades now since 1994. It first operated in Manila with its headquarters at The Beaufort, a condominium building by Filinvest in Bonifacio Global City.
The bank continued to expand and it now has several branches across the nation. Its branches make its offers accessible to the public. Its offers encompass both personal and business categories.
Under the personal category, there are loans which include the EastWest Bank Home Loan. Through the loan offer, the bank offers financing any of the following purposes:
- Home acquisition
- Lot purchase
- House construction
- Home renovation
- Home Equity
- Top-up Loan
Under the purpose of Reimbursement, the bank is ready to reimburse the loan applicant’s purchase of a residential property that was bought within one (1) year based on the Transfer Certificate of Title (TCT) or a Condominium Title under the borrower’s name.
With regards to the Home Equity Loan, it is a multi-purpose loan offer based on the value of your residential property. The Top-up Loan allows the “availment of the paid-off portion of the existing loan for any purpose”.
The loanable amount is on a case-to-case basis. The bank allows a maximum loan repayment of up to 30 years thus there is really an option for light monthly installments. The bank offers a competetive interest rates.
| TERM | RATE |
|---|---|
| 1 year | 7.00% |
| 2-3 years | 7.75% |
| 4-5 years | 7.99% |
There are requirements for EastWest Bank Home Loan application that you need to submit in applying for the loan offer. The list of the required documents depend if you are locally-employed, self-employed, or an overseas Filipino worker (OFW).