Guide on EastWest Loan for House Purchase Details & Application Process
EASTWEST LOAN FOR HOUSE PURCHASE – Here is a guide on how to apply for this loan offer, the requirements, loanable amounts, interest, etc.
One of the banks with multiple loan offers is EastWest Bank. A popular and trusted banking company in the Philippines, it is an entity that you can turn to if you want to purchase a house and lot under a loan offer.
EastWest Loan for House Purchase:
The loan offer for house purchase covers different types of residential properties – house, townhouse, condominium unit, and residential apartment (with a maximum of four (4) doors). The offer comes with flexible loan term and interest options. You can stretch your loan to up to 30 years and have your term rates fixed based on what you prefer for protection from frequent rate fluctuations.
Interest Rates under EastWest Loan for House Purchase:
| TERM | RATE |
|---|---|
| 1 year | 7.90% |
| 2-3 years | 8.03% |
| 4-5 years | 8.29% |
Requirements:
Documentary Requirements:
- duly-accomplished and signed EastWest Bank Home Loan Application Form
- two (2) valid government-issued IDs
- If employed:
- Latest Income Tax Return (ITR)
- Certificate of Employment w/ Compensation (COEC) indicating position and length of service
- If self-employed:
- Audited Financial Statements for the last 2 years
- Latest 6-month bank statements w/authorization to conduct bank verification
- Business Registration(SEC/DTI)
- Articles of incorporation and By-laws
- Updated Interim Financial Statement if most recent AFS is more than 6 months
- List of trade references(at least 3 suppliers and 3 customers with telephone numbers and contact persons)
To apply for this EastWest Bank loan offer, bring your documents to a branch of the bank nearest to your residence or office and submit them for evaluation. Wait for an update from the bank.
You may also visit – EASTWEST BANK LOANS: List of Loan Offers of EastWest Bank