EastWest Personal Loan Ready To Provide You Up To 7x Your Monthly Salary

EastWest Personal Loan Ready To Provide You Up To 7x Your Monthly Salary

April 24, 2024 by Van Garzon in Categories Finance

Here’s the EastWest Personal Loan Features & Application

EASTWEST PERSONAL LOAN – Are you ready to avail a financial solution that is up to 7x your monthly salary?

Are you looking for a bank that may lend you several folds of the amount of your monthly salary? In the Philippines, one of the entities that you may turn to is EastWest Bank.

The EastWest Bank is operating in the Philippines for several years now since it was founded by the late business tycoon Andrew Gotianun and his wife in 1994. It is under the Filinvest Group which is also led by the family of the couple.

The offers of the EastWest Bank encompass both personal and business finance products and services. One of its loan offers under the personal category is the EastWest Personal Loan which has the following loanable amounts:

  • Minimum Loanable Amount — Php 25,000
  • Maximum Loanable Amount — Php 2 million

Under the said loan offer, there is a chance for light monthly installments as the loan can be repaid in 12, 18, 24 and 36 monthly installments at competitive interest rates. The interest may vary depending if you have an existing credit card or bank loan of at least nine (9) months or none.

With Existing Credit Card or Bank Loan of At Least 9 Months
Tenor Monthly Rate Factor Rate Contractual Interest Rate Effective Interest Rate*
12 months 1.79% 0.1012333 37.54% p.a. 50.27% p.a.
18 months 0.0734556 37.45% p.a. 48.50% p.a.
24 months 0.0595667 36.98% p.a. 46.97% p.a.
36 months 0.0456778 35.78% p.a. 44.42% p.a.
Without Existing Credit Card or Bank Loan of At Least 9 Months
Tenor Monthly Rate Factor Rate Contractual Interest Rate Effective Interest Rate*
12 months 1.99% 0.1032333 41.51% p.a. 56.19% p.a.
18 months 0.0754556 41.31% p.a. 54.19% p.a.
24 months 0.0615667 40.70% p.a. 52.41% p.a.
36 months 0.0476778 39.26% p.a. 49.42% p.a.

The loan is non-collateral. Thus, there is no need to present a property that can be used as the collateral in applying for the loan offer. The bank also does not require a co-maker in applying for the loan.

Aside from the EastWest Bank, another reputable entity that you may turn to for a cash loan offer is the Sterling Bank of Asia. It also has a Personal Loan offer.