Guide on Requirements for EastWest Auto Loan Offer Application
REQUIREMENTS FOR EASTWEST AUTO LOAN – Here is a list of the documents needed in applying for a car loan to EastWest Bank if you are employed.
If you are looking for a bank where you can apply for a car loan, EastWest Bank is one of the turn-tos. It has a car loan offer that is willing to finance a vehicle purchase and gives convenient payment ooptions.
The EastWest Bank Car Loan offer is open for both brand new and pre-owned vehicles. It features its loan offer with affordable downpayment which is just 20% of the selling price of the vehicle. It is open for employed individuals.
Qualifications:
To be eligible to apply for the loan offer or EastWest Bank, the borrower-applicant must be:
- at least 21 years old
- not more than 70 years old upon the loan maturity
- on a regular or permanent work status
- earning at least Php 60,000.00 per month
Loanable Amounts, Interest Rates & Loan Term
Under this loan offer of EastWest Bank, you may borrow at least Php 200,000.00 up to 80% of the selling price of the vehicle. You can repay the loan from 12 months up to 60 months. With regards to the interest rates, the rates differ among brand new and pre-owned vehicles. To check on the interest rates, you may visit – EastWest Car Loan Interest Rate for Brand New, Second-Hand Vehicles.
List of Requirements for EastWest Auto Loan offer if you are “EMPLOYED”:
- duly-accomplished and signed EastWest Bank Car Loan Application Form
- two (2) valid government-issued IDs
- Income Tax Return (ITR)
- Certificate of Employment (COE)
- Bank Statements
- proof of other income sources
Do you want to apply for the said EastWest Bank loan offer? For a guide on the application process, feel free to visit – EastWest Bank Car Loan: Guide on How To Apply for Auto Loan Offer.