Guide on EastWest Bank Cash Loan Requirements 2024 for Application Process
EASTWEST BANK CASH LOAN REQUIREMENTS 2024 – Here are the documents required in applying for the multi-purpose Personal Loan offer.
In the Philippines, some banks offer multi-purpose loans to the public so as the people have an option to meet multiple short-term needs under a single loan. This way can save you from multiple interest. One of the providers of this type of loan is the EastWest Bank.
The EastWest Bank is one of the most popular and trusted banks in the country. Aside from the EastWest Home Equity Loan, the bank also offers a Personal Loan that is non-collateral. It also does not require a guarantor in the application for the said loan.
The Personal Loan or also called the EastWest Bank cash loan was designed to provide solutions for short-term financial needs like financing an event, making a huge purchase, getting a car repaired, etc.
What are the EastWest Bank cash loan requirements? It depends if you are employed or self-employed. For employed individuals, here are the documents required by the bank for application:
- duly-filled out EastWest Online Personal Loan Application Form
- photocopy of at least one (1) valid ID bearing photo and signature, it must have been issued by a government office in the Philippines
- proof of income:
- photocopy of latest ITR/BIR Form 2316; or
- photocopy of latest three months pay slips; or
- Certificate of Employment stating Salary, Position and Date Employed; or
- valid Credit Card reference or its latest Credit Card Statement of Account
The Personal Loan offer is also open for self-employed individuals. For these non-salaried individuals, here are the documents that must be submitted to apply for the cash loan offer:
- duly-filled out EastWest Online Personal Loan Application Form
- photocopy of at least one (1) valid ID bearing photo and signature, it must have been issued by a government office in the Philippines
- proof of income:
- photocopy of latest ITR/BIR Form 1701 and Audited Financial Statements
- DTI Registration Certificate (for Sole Proprietorship) or SEC Registration Certificate with page stating shares owned by the applicant (for Partnerships or Corporations)
- Business Permit
- valid Credit Card reference or its latest Credit Card Statement of Account
- Other documents may be required for further verification such as a Mayor’s Permit
Aside from government-issued IDs, EastWest Bank also accepts IDs issued by the private entities and institutions provided that the ID provider is registered or supervised under the Bangko Sentral ng Pilipinas (BSP), Insurance Commission, or the Securities Exchange Commission (SEC).
For the releasing of the EastWest Bank loan proceeds, there are EastWest Bank cash loan requirements that must be submitted. Here are the documents that the bank requires for the releasing of the loan:
- original Copy of documents submitted (to be presented only)
- Two (2) Valid ID’s
- one to be presented to the EastWest Personal Loan Releasing Unit as ID verification
- one to be presented to the lobby Guard of the building
- original and signed application form
- fully-accomplished and signed Post Dated Checks
