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!
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.
