Lists of EastWest Cash Loan Requirements for Application
EASTWEST CASH LOAN REQUIREMENTS – Here are the lists of the required documents among the employed and self-employed applicants.
In the Philippines, one of the trusted banks that you can turn to for a multi-purpose cash loan offer is the EastWest Bank. Its Personal Loan offer is open for both locally-employed and self-employed individuals.
Who are qualified to apply for the loan offer? To be eligible for the loan, here are the EastWest cash loan requirements that the applicant must meet:
- a Filipino citizen or Foreign National permanently residing in the Philippines.
- at least 21 years old during application and not more than 65 years old upon loan maturity
- has at least one fixed landline number (either home or business) and a mobile number.
- has a Gross (basic) monthly income (GMI) must be at least Php 15,000 or basic annual income or must not be less than Php 180,000.
Also part of the EastWest cash loan requirements for application are the documents required by the bank. There are these lists of documents required depending if the loan applicant is employed or self-employed.
For Employed Applicants:
- 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
For Self-Employed Applicants:
- 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
In the absence of government-issued IDs, the 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).
It is important to note there are also EastWest cash loan requirements for the releasing of the loan proceeds. Here are the documents that you must submit for the releasing of your money:
- 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
Aside from the offer of the EastWest Bank, there is also the Metrobank Personal Cash Loan offer that you might be interested to apply for.
