Guide on EastWest Bank Auto Loan 2025 Loanable Amounts, Interest Rates & Requirements
EASTWEST BANK AUTO LOAN 2025 – Are you ready to drive your own car soon to wherever you want to go? Here’s an excellent offer for you.
Undeniably, two (2) of the properties that many people want to have is a residential property and a car. Whichever of the two (2) comes first is sure to bring a lot of benefit to you. However, truth be told that both of these properties require a huge amount of money. Meanwhile, nowadays, there are already several options that you can turn to.
Nowadays, owning a house or a car without paying for it in a one-time cash payment basis is already possible because of the presence of loan offers. There are several entities in the Philippines with loan offers that are ready to help turn your dreams into reality. One of them is the EastWest Bank.
The EastWest Bank is operating in the Philippines for several decades now since the 1990s. It has continuously grow its offers which include different kinds of bank accounts, loans, credit cards, and a lot more. With regards to its loan offers, one of them is the EastWest Bank Auto Loan offer.
The bank boasts its loan offer with affordable downpayment, low monthly amortizations along with flexible financing terms, and convenient payment options. The financing service caters both brand new and pre-owned vehicles.
The Auto Loan offer of the bank is open for both salaried and non-salaried individuals who qualify to the loan offer. Even corporates may also apply for the loan offer.
How much is loanable under the offer? While there is a fixed amount set as the minimum borrowing amount under the Auto Loan, the maximum loanable amount is dependent on the selling price of your target vehicle.
- Minimum Loanable Amount — Php 200,000.00
- Maximum Loanable Amount — up to 80% of the selling price of the vehicle
With regards to the loan term, the loan is payable for at least 12 months up to 60 months or five (5) years. The bank requires a minimum downpayment that is equivalent to at least 20% of the selling price of the vehicle.
How about the EastWest Bank Auto Loan interest rates? It is actually dependent on whether the vehicle financed is brand new or pre-owned as well as the chosen loan term. Here is a guide:
| Type | Interest Payment | 12 Months | 19 Months | 24 Months | 36 Months | 48 Months | 60 Months |
|---|---|---|---|---|---|---|---|
| Brand New | In Advance | 5.10% | 7.94% | 10.84% | 16.79% | 22.94% | 29.27% |
| In Arrears | 6.60% | 8.93% | 11.86% | 17.86% | 24.07% | 30.46% | |
| Second Hand | In Advance | 6.04% | 10.16% | 14.93% | 24.07% | 34.24% | |
| In Arrears | 7.19% | 11.45% | 16.37% | 25.68% | 36.03% |
With regards to the requirements in applying for the EastWest Bank loan offer, there are varying lists of documents depending if you are making an individual application or a corporate application. Here is a guide: