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.

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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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