Guide on How To Apply for EastWest Bank Auto Loan & the Requirements To Prepare
EASTWEST BANK AUTO LOAN – Here is a guide on how to apply for the auto loan offer of EastWest Bank and the requirements needed in applying.
Nowadays, getting your own car is really possible although you cannot pay for it in full yet. A lot of banking companies now, including the EastWest Bank, got a loan offer that can help you achieve your dream car.
The said EastWest Bank loan offer features wide acceptability of vehicles. It is open for the purchase of both a brand new and a pre-owned car at low interest rates. Also, flexible options are provided for an affordable downpayment on the part of the borrower.
In this article, we will present a guide on how to apply for the EastWest Bank Auto Loan. There are some requirements that you need to prepare in applying for this loan offer.
How To Apply for EastWest Bank Auto Loan & the Requirements
Step 1 – Visit the nearest EastWest Bank branch.
Go to the nearest branch of EastWest Bank and ask for a copy of the loan application form. Provide the information asked in the loan application form.
Step 2 – Gather the requirements needed in applying.
EastWest Bank has set different lists of requirements in applying as an individual and as a corporate. Prepare the following:
As Individual Applicant:
- Completely filled-out Application Form
- Income Tax Return
- Certificate of Employment if employed
- If engaged in Business:
- Business Registration Certificate
- Business Permit
- Financial Statement (for the last 3 years)
- Bank Reference/Statements
- Proof of other Income Sources
- Identification Papers e.g. Driver’s Licence, SSS/GSIS cards, Company ID, Passport, etc.
As Corporate:
- Completely filled-out Application Form
- Financial Statements for the last 3 years (both Audited and In-House)
- Articles of Incorporation
- By-laws
- List of Major stockholders, addresses and ownership
- List of principal officers, positions, and addresses
- Company Profile
- Business write-up
- Trade References – at least 3 major suppliers and 3 major clients
- Bank References (Deposit Accounts; Credit Lines and existing/paid loans)
Step 3 – Submit the requirements.
Go to the branch of EastWest Bank where you want to make your application. Submit your duly-accomplished loan application form and the other documentary requirements for evaluation. You will be notified by the bank regarding the status of your loan application soon.
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 LOANS – List of Loan Offers of EastWest Bank
