Guide on EastWest Home Equity Loan Details & Application Process
EASTWEST HOME EQUITY LOAN – Here is a guide on how to apply for this loan offer, the requirements, loanable amounts, interest, etc.
There are entities that can help you obtain some cash from your properties so you can pursue your other projects and goals in life. One of these entities is the EastWest Bank which has a home loan offer that accepts the residential property as collateral in borrowing for an amount from the bank.
EastWest Home Equity Loan:
The Home Equity Loan is just one of the many purposes under the bank’s Home Loan offer. The bank boasts its offer with competitive interest rates as well as options to have the interest fixed on a term. Under the offer, you can repay the amount borrowed for up to 30 years. Do you want to check the loanable amounts under the offer? Feel free to visit – EASTWEST BANK HOME LOAN – How Much You Can Borrow Under It.
Interest Rates under EastWest Home Equity Loan:
| 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