Guide on EastWest Home Renovation Loan Details & Application Process
EASTWEST HOME RENOVATION LOAN – Here is a guide on how to apply for this loan offer, the requirements, loanable amounts, interest, etc.
Are you in search of an entity that can finance your home renovation under a loan offer? One of those that you can turn to is the EastWest Bank. Its loan offer comes with excellent features that you can check below.
EastWest Home Renovation Loan:
This EastWest Bank loan offer is one of the purposes covered by the Home Loan offer of the bank. Under it, you can enjoy competitive interest rates with options for a fixed rate term. You can repay your loan for up to 30 years so the monthly installment will not be heavy on your part. There is also a high range of loanable amount under this offer. To check on how much you may borrow, you may visit – EASTWEST BANK HOME LOAN – How Much You Can Borrow Under It.
Interest Rates under EastWest Loan for Home Renovation:
| 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 with you 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