EastWest Auto Loan

EastWest Bank Car Loan is a complete financial product that is designed to fit the diverse needs of borrowers for a car loan. Strong loan disbursal and other great add-on benefits makes EastWest Bank auto loan the best of its kind in the market.

Apply for EastWest Car Loan through eCompareMo and we will take care of your car loan application process. If you are in search for a car loan other than EastWest Bank, we can help you with it. Call or chat us now and we will guide you every step of the way!

EastWest Auto Loan

Get The Cheapest Car Loan Rates With EastWest Bank Auto Loan. Flixible Payment Term, Fast And Easy Application Online! Apply Now!

Overview

Product Name:
EastWest Auto Loan
Remarks:
Simple and fast loan processing
Minimum Amount of Loan:
PHP100,000.00
Maximum Amount of Loan:
PHP5,000,000.00
Minimum Loan Tenure:
1 years
Maximum Loan Tenure:
5 years
Early Repayment:
Vehicle Insurance Included
No
Accepts Third Party Vehicle Insurance:
No
Accepts Third Party Credit Insurance:
No
Does Not Require Credit Insurance:
No
Payment Options:
PDC's or ADA againts EastWest Bank deposit account
Application Approval Time:
Fast processing of 1 day only, when you submit your complete documentation

Eligibility and Requirements

Age Range of Borrower:
21-70 years
Minimum Annual Income:
PHP480,000.00
Income Requirement Remarks:
Apply for as low as PHP40,000.00 monthly income
Employment Work Status
Employed - Private Sector for 1 year
Employed - Government for 1 year
Self - Employed for 3 years
Professional for 2 years
Employed - BPO for 1 year
Employed - OFW/Seafarer for 1 year
Applicant Must Have A Landline Phone at Home or Office:
No
Need to Open Linked Bank Account:
No
Guarantor Requirements:
NO
Collateral Requirements:
NO

Vehicle Types and Loan Purpose

Eligible Vehicle Types:
Sedan
Asian Utility Vehicle
Sports Utility vehicle
Van
Vehicle Loan Proceeds Can Be Used For:
Purchase of Brand New Car
Refinancing
Use Owned Vehicle as Collateral for Loan

Interest Rates Offered

Interest for Fixed Period Interest Rate Per Year: Effective Interest Rate Fixed Period:
Interest Rate for fixed 1 Year 4.95%
Interest Rate for fixed 1 1/2 Years 7.50%
Interest Rate for fixed 2 Years 10.75%
Interest Rate for fixed 3 Years 17.50%
Interest Rate for fixed 4 Years 24.10%
Interest Rate for fixed 5 Years 32.00%

FAQs

What are the required documents to apply for EastWest Bank car loan?

Employed:

  • Completely filled-out Application Form
  • Identification Papers e.g. Driver's Licence, SSS/GSIS cards, Passport, etc.
  • Income Tax Return
  • Certificate of Employment

Self-Employed:

  • Completely filled-out Application Form
  • Identification Papers e.g. Driver's Licence, SSS/GSIS cards, Passport, etc.
  • Business Registration Certificate
  • Business Permit
  • Financial Statement (for the last 3 years)
  • Bank Reference/Statements
  • Proof of other Income Sources

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)

Bank Document:

  • Chattel Mortgage/Promissory Note
  • Disclosure Statement

What is the loan tenure for EastWest Bank auto loan?

  • EastWest Bank auto loan offers Flexible Payment Terms of 12 months up to 60 months.

What is the mode of payment for EastWest Bank car loan?

  • Borrower can pay either through issuance of Post-Dated Checks (PDCs), or Automatic Debit Arrangement (ADA) against an EastWest Bank deposit account.

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