EastWest Personal Loan – How To Apply & Requirements Needed

Guide on How To Apply for EastWest Personal Loan & the Requirements

EASTWEST PERSONAL LOAN – Here is a guide on how to apply for the personal loan offer of the EastWest Bank and the requirements needed in applying.

Among the several types of loans, the loan offer with flexible purposes is the personal loan. In the Philippines, a lot of banks offer this type of loan including the EastWest.

The personal loan offer of the said bank is an unsecured type of loan thus it does not require a collateral. It also promotes “affordable fixed equal monthly installments” with low interest rates set on the loan.

You may apply for the EastWest Personal Loan for several purposes including the following:

• Young Adult – Buy or accessorize your car / buy gadgets
• Family Formation – Plan your wedding / fund your children’s education / plan a vacation
• Family Maturity – Celebrate special milestones / home improvement / pay-off bills
• Retirement – Settle your medical bills

Based on the official website of the EastWest Bank, the payment terms offered under this type of loan is up to three(3) years or thirty-six(36) months. Quick processing is promoted thus it is perfect for financial emergencies.

To apply for the EastWest Personal Loan, you may follow the guide below:

Step 1

Check for the eligibility qualifications set for the personal loan offer. According to the bank, the applicant must:

• Be a Filipino citizen or Foreign National permanently residing in the Philippines
• Be at least 21 years old during application and not more than 65 years old upon loan maturity
• Have at least one fixed landline number (either home or business) and a mobile number. (Mobile number will not be accepted as a stand-alone contact number).
• Have a Gross (basic) monthly income (GMI) must be at least Php15,000 or basic annual income or must not be less than Php180,000

Step 2

Visit the official website of the EastWest Bank and fill out the application form. Visit – https://www.eastwestbanker.com/secure/I-REG-PL.asp.

Step 3

Prepare the documentary requirements requested upon loan application. The requirements include the proof of income.

• Duly-Accomplished EastWest Online Personal Loan Application Form
• Photocopy of at least one(1) valid digitized photo-bearing and signature-bearing I.D.’s issued in the Philippines
• Proof of Income
  • Employed applicants should submit any of the following:
    • Photocopy of latest ITR/BIR Form 2316; or
    • Photocopy of latest three months pay slips; or
    • Valid Credit Card reference or its latest Credit Card Statement of Account
    • Other documents that may be required for further verification
  • Self-employed applicants should submit all of the following:
    • 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)
    • Valid Credit Card reference or its latest Credit Card Statement of Account
    • Other documents that may be required for further verification such as Business Permit or Mayor’s Permit

Step 4

Prepare scanned copies of supporting documents requested in applying online.

Step 5

Wait for the notification of the EastWest Bank regarding your loan application.