List of EastWest Cash Loan Interest 2023 for Credit Cardholders and Non-Holders
EASTWEST CASH LOAN INTEREST 2023 – Here is a guide for the loan applicants of the EastWest Bank Personal Loan on the interest rates.
Nowadays, banks are among the best options that people can turn to for loans. There are several banks in the Philippines that have multiple loan offers to the public that attend to various needs of people for cash. One of them is the EastWest Bank.
The EastWest Bank is one of the biggest banks in the country in terms of assets. It has built a name in the field and its services are accessible to millions of Filipinos as it has several branches nationwide. Aside from its EastWest Bank Auto Loan offer, it also offers a Personal Loan which is a multi-purpose cash loan.
The EastWest Bank Personal Loan is non-collateral. You do not need to be a property owner to qualify for the loan offer. Also, it does not require a co-maker for application. Here are the eligibility requirements that the borrower must meet for qualification to the offer:
- a Filipino citizen or Foreign National permanently residing in the Philippines.
- 21 years old and above during application but 65 years old and below upon loan maturity.
- has at least one fixed landline number (either home or business) and a mobile number. (Mobile number will not be accepted as a stand-alone contact number).
- has a Gross (basic) monthly income (GMI) must be at least Php15,000 or basic annual income or must not be less than Php180,000.
The range of loanable amount under the EastWest Cash Loan 2023 offer was generously posted by the bank. However, it is important to keep in mind that the bank assesses the capacity of the borrower.
The borrowed amount will be under an interest rate set for EastWest Cash Loan 2023 depending if the borrower is a credit card holder or not. Here are the interest rates if the borrower has an existing credit card or bank loan of at least nine (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. |
There is a different set of interest for for EastWest Cash Loan 2023 for borrowers who have no existing credit cards and bank loans for at least nine (9) months. Here are the rates per loan term:
| 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. |
To apply for the loan offer, there are documentary requirements set for EastWest Bank Personal Cash Loan application. Prepare the documents and submit them to a branch of the bank nearest to you or where you wish to apply.