EastWest Bank offers some of the most competitive home loan rates in the Philippines — starting at 5.99% p.a. See how much you could save by refinancing through Nook for free.
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Why this matters
EastWest Bank is one of the Philippines' fastest-growing universal banks, and its home loan product is quietly one of the most borrower-friendly on the market. With a 1-year fixed rate of just 5.99% p.a., a minimum monthly income requirement of ₱40,000, and an average approval time of around 19 days, it's a strong option for homeowners looking to purchase, refinance, or tap their home equity. EastWest accepts a wide range of employment types — including private employees, government workers, BPO professionals, OFWs, seafarers, and the self-employed — making it accessible to a broad cross-section of Filipino borrowers.
For homeowners currently paying 8% or higher on an existing home loan, refinancing to EastWest Bank through Nook could mean saving tens of thousands of pesos every year. The bank supports multiple loan purposes including refinancing, home equity, new construction, pre-selling, RFO, reselling, renovation, and foreclosed properties. If you're comparing your options, it's worth looking at how EastWest stacks up against other lenders — our Security Bank housing loan review and BDO home loan interest rates guide are good reference points for side-by-side comparisons.
When you apply through Nook, there's no broker fee — our service is completely free to borrowers. Nook's mortgage specialists handle the paperwork, coordinate with EastWest Bank directly, and help you find the repricing term that best fits your financial goals. Whether you're locking in stability with a 3-year or 5-year fixed rate, or maximising short-term savings with the 1-year fixed at 5.99%, Nook makes sure you go in informed and prepared. Note: Interest rates are subject to change. Please verify current rates with EastWest Bank or via Nook before making any financial decisions.
How it works
Enter your loan details into our calculator. Instantly see what banks are offering right now and how much you'd save each month. No personal information required.
If the numbers make sense, book a free call. Your consultant compares offers from 15+ banks — something that would take you weeks to do on your own — and recommends the best option for your situation.
We manage the entire application, documentation, and bank coordination. You sign where we tell you. Your new lower payment starts next month. Nook's service is completely free — we're paid by the receiving bank.
Common questions
EastWest Bank currently offers the following fixed rates: 5.99% p.a. for a 1-year fix, 6.25% for 3 years, 6.49% for 5 years, and 7.00% for 7 years. A Home Equity loan rate of 6.25% p.a. is also available. These rates are subject to change, so we recommend checking with Nook or EastWest Bank directly for the most up-to-date figures.
EastWest Bank accepts applications from a wide range of employment types, including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is ₱40,000, and your total debt obligations should not exceed 40% of your gross monthly income (DTI).
EastWest Bank typically processes home loan applications in around 19 days, which is faster than many traditional banks in the Philippines. Approval timelines can vary depending on the completeness of your documents and the type of property involved. Applying through Nook can help speed things up, as our team reviews your documents before submission.
Yes — Nook's service is 100% free to the borrower. We earn a referral fee from the bank when your loan is approved, so there's no cost to you at any stage of the process. You get access to Nook's mortgage specialists, document support, and bank comparison tools without paying a single peso.
Yes, refinancing is one of EastWest Bank's supported loan purposes, and it's one of the most popular reasons Filipino homeowners apply through Nook. If you're currently paying 8% or more with another lender, switching to EastWest's 5.99% 1-year fixed rate could save you thousands of pesos per month. Use Nook's free calculator to see your personalised savings estimate.
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