EastWest Bank offers housing loan rates starting at 5.99% p.a. — apply through Nook for free and find out how much you could save every month.
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Why this matters
EastWest Bank is one of the Philippines' growing full-service banks, and its housing loan product is a strong option for homebuyers and refinancers alike. With a 1-year fixed rate of 5.99% p.a., a 3-year fixed rate of 6.25% p.a., and a 5-year fixed rate of 6.49% p.a., EastWest offers some of the most competitive rates in the market today. Minimum monthly income requirement is P40,000, making it accessible to a wide range of employed professionals, OFWs, seafarers, and self-employed individuals. Typical loan approval takes around 19 days, and the bank accepts applications for a variety of purposes including refinancing, home equity, renovation, and purchase of ready-for-occupancy or pre-selling properties.
If you're currently paying 8% or higher on your existing home loan — whether with EastWest or another bank — refinancing could be one of the most impactful financial moves you make this year. Filipino homeowners on older loan packages are often locked into rates of 7% to 10%, sometimes without realising that the market has shifted significantly. By refinancing to a lower rate through Nook, you could reduce your monthly payment by thousands of pesos and save hundreds of thousands over the life of your loan. Check out our EastWest Bank housing loan calculator to run the numbers on your specific loan balance and remaining term.
Applying through Nook is completely free for borrowers. Nook is the Philippines' first digital mortgage broker, which means we do the legwork of comparing lenders, preparing your documents, and liaising with EastWest Bank on your behalf — at zero cost to you. We work with multiple partner banks so you always get an objective recommendation. Find out if you qualify for an EastWest Bank housing loan and get started with a free consultation today. Interest rates are subject to change; always verify current rates before finalising your application.
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 rate of 6.25% p.a., a 5-year fixed rate of 6.49% p.a., and a 7-year fixed rate of 7.00% p.a. Home equity loans are available at 6.25% p.a. Please note that interest rates are subject to change, so it's best to confirm the latest rates directly with EastWest Bank or through Nook before applying.
EastWest Bank accepts applications from a broad range of borrowers including private-sector employees, government workers, BPO employees, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is P40,000, and your total debt obligations should not exceed 40% of your gross monthly income. For a full breakdown of requirements, visit our EastWest Bank housing loan requirements page.
Yes, refinancing is one of the supported loan purposes at EastWest Bank, alongside home purchase, home equity, renovation, and new construction. If you're currently on a higher rate with another bank, refinancing to EastWest's 5.99% p.a. 1-year fixed rate could result in significant monthly and long-term savings. Nook can help you assess whether refinancing makes financial sense for your situation at no cost to you.
EastWest Bank's typical approval timeline is around 19 days from the time your complete application and documents are submitted. Processing time can vary depending on the completeness of your documents, the property type, and the loan purpose. Applying through Nook helps streamline the process because our team ensures your documents are properly prepared before submission.
No — Nook's service is completely free for borrowers. Nook earns a referral fee from partner banks, which means you get full broker support, rate comparisons, and application assistance without paying anything out of pocket. There is no catch, no hidden charges from Nook's side, and no obligation to proceed after your free consultation.
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