List of the EastWest Personal Loan Interest Rates per Tenor
EASTWEST PERSONAL LOAN INTEREST RATES – Here is a list of the personal loan interest rates implemented by EastWest Bank.
One of the banks in the Philippines with a lot of loan offers for the public is the EastWest Bank. It got several loans that serve specific purposes but it also has a multipurpose one.
The multipurpose loan offer of the bank is the personal loan offer. You may apply for it to fund a celebration, to pay for the school fees, to cope up with the medical bills, to pay for field trip expenses, etc.
To be eligible for the EastWest Bank Personal Loan, the applicant must:
- be a Filipino citizen (or a foreigner that is living in the Philippines permanently)
- be not less than 21 years old on the time of applying for the loan but not more than 65 years old when the loan reaches its maturity date
- be an earner of at least Php 15,000.00 gross basic monthly income or not less than Php 180,000.00 gross basic income yearly
Before applying for a loan, one of the best things to do is check on the interest rates implemented under a certain loan offers. It will assure your capacity for the loan and will prevent you from getting stuck on it.
With regards to the EastWest Personal Loan interest rates, here is a list of the rates implemented based on the tenor of the loan:
EastWest Personal Loan Interest Rates
12 Months
- Monthly Rate – 1.89%
- Effective Interest Rate – 53.21% per annum
18 Months
- Monthly Rate – 1.89%
- Effective Interest Rate – 51.33% per annum
24 Months
- Monthly Rate – 1.89%
- Effective Interest Rate – 49.68% per annum
The application for a personal loan to EastWest Bank can be done online or you may also do it personally to a branch of the bank. For the latter, you may visit – APPLY EASTWEST BANK LOAN – How To Apply For Personal Loan Online.
Meanwhile, if you wanted to do it personally in a branch, you may visit – EastWest Personal Loan – How To Apply & Requirements Needed.
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
READ ALSO: EASTWEST BANK PERSONAL LOAN – Minimum & Maximum Loanable Amounts