Guide on EastWest Home Loan Requirements 2025 for Application
EASTWEST HOME LOAN REQUIREMENTS 2025 – For overseas Filipino worker (OFW) applicants, here are the documents you must prepare and submit to the bank.
A car and a house are two (2) properties that many people want to possess. However, truth be told that their purchases require a huge amount of money. Meanwhile, nowadays, there are already entities that provide loans that many the acquisitions of these properties more within the reach.
In the Philippines, one of the entities that you may turn to for loans is the EastWest Bank. Aside from the EastWest Bank Auto Loan offer, it is also ready to help you get your own house through its Home Loan offer.
Truth be told that it is different to be living a real estate property that you can call your own. With regards to the Home Loan offer of the EastWest Bank, it is open not only for the financing of a real estate property purchase (vacant residential lot, house and lot, condominium unit) but as well as a house construction.
Another good news about the offer is that it is not only open for Filipinos who are in the Philippines but as well as overseas Filipino workers. Meanwhile, there is a unique set of EastWest Home Loan requirements for OFW applicants.
- duly-accomplished and signed EastWest Bank Home Loan Application Form
- two (2) valid Government-issued IDs
With regards the income documents that are part of the EastWest Home Loan requirements for application, it depends on the type of overseas employment of the applicant. Here’s a guide:
If Direct Hire:
- COEC w/ original 6-month remittances; or
- COEC w/ original 6-month payslips; or
- Consularized Certificate of Employment w/ Compensation (COEC)
If Seaman:
- Crew Contract validated by POEA
- Attorney-in-fact’s ID and application form
Like in other offers of the same kind, the EastWest Home Loan requirements for application also include collateral documents of the property involved or plans of the project to be financed. Here is a guide on the other documents that you should prepare for application:
For Real Estate Property Acquisition
- Photocopy of Title for Collateral (TCT for land title/CCT for condo title)
- Appraisal Fee Official Receipt (OR)
- Tax Declaration (Land and Building)
For House Construction
- Bill of Materials or Cost Estimate
- Building Plan or Renovation Plan
- General Specification or Scope of Work
For Refinancing/Loan Take-Out
- Latest Statement of Account from Mortgagor
- Proof of payment for the last 6 months (Official Receipts or cleared checks with Bank Statements or Ledger)
The bank also offers the EastWest Bank Cash Loan. It may help you achieve several purposes under a single loan.