EastWest Bank offers housing loan rates starting at 5.99% p.a. — and through Nook, you can apply or refinance for free with no broker fees.
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Why this matters
EastWest Bank is one of the Philippines' fastest-growing universal banks and a trusted Nook partner for home financing. Their housing loan lineup is built for flexibility — whether you're purchasing a ready-for-occupancy unit, refinancing an existing loan, doing a renovation, or tapping your home equity. With a 1-year fixed rate of 5.99% p.a., a 3-year fixed at 6.25% p.a., and a 5-year fixed at 6.49% p.a., EastWest Bank consistently ranks among the most competitive lenders in the market. Minimum monthly income qualification starts at ₱40,000, making it accessible to a wide range of Filipino borrowers including private employees, government workers, BPO professionals, OFWs, and the self-employed. Typical loan approval takes around 19 days — well below industry average.
If you're currently paying a rate above 7% with your existing bank, refinancing to EastWest Bank through Nook could save you tens of thousands of pesos every year. The sample calculation above illustrates what a borrower with a ₱3,000,000 outstanding loan balance could save by switching from a typical 8.50% rate to EastWest's 5.99% 1-year fixed rate over a 20-year term. You can compare EastWest Bank against Security Bank's home loan rates or see how EastWest stacks up against RCBC to understand which bank gives you the best deal for your specific situation.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We handle the paperwork, compare offers across multiple partner banks, and guide you through every step — from pre-qualification to loan release. There are no hidden charges, no commissions taken from you, and no pressure to accept any offer. Whether you're a first-time homebuyer or a homeowner looking to refinance, Nook makes it easier to access the best EastWest Bank housing loan rates available today. Note: Interest rates are subject to change. Please verify current rates with EastWest Bank or through your Nook advisor before applying.
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 a 1-year fixed rate of 5.99% p.a., a 3-year fixed at 6.25% p.a., a 5-year fixed at 6.49% p.a., and a 7-year fixed at 7.00% p.a. A Home Equity loan rate of 6.25% p.a. is also available. Rates are subject to change, so it's best to confirm the latest offers through Nook or directly with EastWest Bank before applying.
EastWest Bank requires a minimum monthly income of ₱40,000 and a maximum debt-to-income (DTI) ratio of 40%. They accept borrowers from a wide range of employment types including private sector employees, government workers, BPO professionals, OFWs and seafarers, self-employed individuals, and licensed professionals. Standard documentary requirements include valid IDs, proof of income, and property documents.
EastWest Bank's typical loan approval timeline is approximately 19 days from the submission of complete documents — faster than many competing banks in the Philippines. Submitting through Nook can help speed up the process further, as our team pre-checks your documents before submission to minimize back-and-forth with the bank.
Yes, EastWest Bank supports home loan refinancing as one of its eligible loan purposes. If you're currently paying a higher rate with BDO, BPI, Metrobank, or any other lender, refinancing to EastWest Bank at 5.99% p.a. could significantly reduce your monthly amortization. Nook can help you calculate your potential savings and handle the entire refinancing application for free.
Nook's service is completely free for borrowers — there are no broker fees, application fees, or hidden charges from our side. Nook earns a referral fee from the bank upon successful loan release, which means you get expert mortgage guidance, document assistance, and bank comparison at zero cost to you. You can start your free application on Nook today and get matched with the best available EastWest Bank housing loan offer.
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