Eastwest Auto Loan

Product 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

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	9.85%
Interest Rate for fixed 3 Years	17.50%
Interest Rate for fixed 4 Years	24.10%
Interest Rate for fixed 5 Years	32.00%

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 Purchase of second Hand Car Refinancing Use Owned Vehicle as Collateral for Loan

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

FAQ

What are the required documents to apply for Eastwestbank car loan?

Employed:

• 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.

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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