Guide on EastWest Car Loan Interest Rates
(Second Hand Vehicles)
EASTWEST CAR LOAN INTEREST RATES – You can check the guide below for the interest rate implemented by EastWest Bank for second hand vehicles.
Are you planning to apply for a loan for the financing of a purchase of a secondhand car? One of the entities that has the said loan offer is EastWest Bank. You can check the qualifications, requirements, loanable amounts, and interest rates under this loan offer below.
EastWest Bank Auto Loan. The car loan offer of EastWest Bank covers both brand new and pre-owned vehicles. The bank boasts its offer with affordable downpayment, competitive interest rates, flexible financing terms, and low monthly amortization.
Who are qualified to apply for this loan offer? To be eligible to apply for the loan, the applicant-borrower must be:
- at least 21 years old but not more than 70 years old upon the loan maturity
- a Filipino citizen, a foreigner residing in the Philippines for at least a year already, or a foreigner with a Filipino co-maker
- employed or self-employed
- earning at least Php 60,000.00 monthly income
How much you may borrow under this loan offer? To check on the loanable amounts under the offer, you may visit – EastWest Bank Car Loan: Minimum & Maximum Loanable Amounts.
Interest Rates. You can repay the loan for up to 60 months. The interest rate depends on the loan term as well as whether you are paying in advance or in arrears. You may refer to the table below:
| TYPE | INTEREST PAYMENT | 12 Months | 18 Months | 24 Months | 36 Months | 48 Months |
| Brand New | In Advance | 6.04% | 10.16% | 14.93% | 24.08% | 34.25% |
| In Arrears | 7.19% | 11.45% | 16.37% | 25.68% | 36.04% |
Do you want to apply for this EastWest Bank loan offer? There are documents that you must prepare and submit. Feel free to visit – Requirements for EastWest Car Loan – List of Documents You Need to Submit.
For the other loans offered by the bank, you may visit – EASTWEST BANK LOANS: List of Loan Offers of EastWest Bank.
