Get instant payment calculations and discover if you can save thousands by refinancing to better rates.
REFINANCING SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
EastWest Bank offers competitive housing loan rates starting at 5.99% for their 1-year fixed rate option, with longer-term options like 3-year fixed at 6.25% and 5-year fixed at 6.49%. As one of the Philippines' leading banks, EastWest provides accessible financing with a minimum monthly income requirement of just P40,000 and typical approval times of 19 days.
However, if you already have a housing loan at a higher rate, you might be paying more than necessary. Many Filipino homeowners are still locked into rates between 7-10% from loans taken years ago. Through Nook's free refinancing service, you can access EastWest's current competitive rates and potentially save thousands monthly. Our calculator above shows potential savings when refinancing to EastWest Bank's better rates - but we also help you compare offers from multiple partner banks to ensure you get the absolute best deal available.
Interest rates are subject to change and borrowers should verify current rates. All refinancing applications through Nook are completely free with no hidden fees to the borrower.
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 offers rates starting at 5.99% for 1-year fixed, 6.25% for 3-year fixed, 6.49% for 5-year fixed, and 7.00% for 7-year fixed terms. They also offer home equity loans at 6.25% and support various loan purposes including refinancing, new construction, and ready-for-occupancy properties.
Use the loan amount, interest rate, and loan term to calculate monthly payments using standard amortization formulas. For example, a P3,000,000 loan at 5.99% for 20 years results in approximately P20,289 monthly payments. Our calculator above provides instant estimates for different scenarios.
EastWest Bank requires a minimum monthly income of P40,000 and maintains a maximum debt-to-income ratio of 40%. They accept applications from private employees, government workers, BPO employees, OFWs, self-employed individuals, and professionals, with typical approval taking 19 days.
Yes, EastWest Bank accepts refinancing applications and offers competitive rates that may be significantly lower than your current loan. Through Nook's free service, we can help you compare EastWest's rates with other partner banks to ensure you get the best possible deal with no fees to you.
Savings depend on your current rate and remaining loan balance, but many borrowers save thousands monthly. For instance, refinancing a P3,000,000 balance from 8.25% to 5.99% could save over P5,000 monthly and more than P1,000,000 over the loan term.
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