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 self-employed.
The EastWest Bank has several loan offers to the public. One of it is the car loan which is open not only for employed individuals but as well as individuals who operate a profitable business in the country.
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 self-employed individuals.
EastWest Bank has set qualifications for self-employed individuals in applying for its auto loan offer. To be eligible to apply for the loan, the borrower must be:
- at least 21 years old
- not more than 70 years old upon the loan maturity
- 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
- Business Registration Certificate
- Business Permit
- Financial Statement (for the last 3 years)
- 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.