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 on your monthly repayments.
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Why this matters
EastWest Bank is one of the Philippines' most accessible home loan lenders, with competitive fixed-rate terms designed to suit a wide range of borrowers — from salaried employees and BPO workers to OFWs, self-employed professionals, and government staff. Their 2026 housing loan rates start at 5.99% p.a. for a 1-year fixed term, rising to 6.25% for 3 years, 6.49% for 5 years, and 7.00% for a 7-year fixed period. Whether you're purchasing a ready-for-occupancy home, refinancing an existing loan, or funding a renovation, EastWest has a term structure to match your financial goals. If you're unsure which fixed term suits you best, try the EastWest Bank housing loan calculator to estimate your monthly payment across different scenarios.
Many Filipino homeowners are still paying rates of 8% to 10% or higher — often because they've never reviewed their loan since it repriced after the initial fixed period. Refinancing to EastWest Bank's current rates could reduce your monthly repayment by thousands of pesos, freeing up real cash every month. The key is knowing which fixed term aligns with your plans: shorter fixed periods offer the lowest initial rate, while longer terms give you more payment stability. Understanding these trade-offs is essential before you commit. For a full breakdown of what documents and income requirements you'll need, see the EastWest Bank housing loan eligibility and document checklist.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We work directly with EastWest Bank and other leading lenders to help you compare options, prepare your application, and secure the best available rate — without the paperwork headaches or branch queues. EastWest's typical approval timeline is around 19 days, and their minimum monthly income requirement of P40,000 makes them one of the more accessible banks in the market. Apply through Nook today and get a personalised rate quote at no cost to you. Note: interest rates are subject to change — always verify the latest rates before submitting 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 fixed housing loan rates starting at 5.99% p.a. for a 1-year fixed term, 6.25% for 3 years, 6.49% for 5 years, and 7.00% for a 7-year fixed period. These rates apply to eligible borrowers on refinancing, purchase, and home equity loans. Always verify the latest rates directly with EastWest or through Nook, as rates are subject to change.
The right term depends on your financial priorities. A 1-year fixed rate gives you the lowest initial rate (5.99%) but reprices sooner, which suits borrowers who plan to sell or refinance again within a few years. A 5- or 7-year fixed term offers more payment stability and protection against future rate increases, which is better if you want predictable budgeting over the medium term.
Savings vary based on your outstanding loan balance, remaining term, and your current interest rate. On a 3,000,000 loan with 20 years remaining, switching from 8.50% to 5.99% could reduce your monthly payment by over 3,800 pesos — that's more than 46,000 pesos in savings every year. Use Nook's free service to get a personalised savings estimate based on your actual loan details.
EastWest Bank requires a minimum monthly income of P40,000 and accepts a wide range of employment types including private employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and licensed professionals. Their maximum debt-to-income ratio is 40%, meaning your total monthly loan repayments should not exceed 40% of your gross monthly income. For the full document checklist, see the EastWest housing loan requirements guide on Nook.
Yes — Nook's mortgage brokering service is 100% free to borrowers. Nook earns a referral fee from the bank upon successful loan disbursement, so there is no cost to you at any stage of the process. You get access to Nook's rate comparison tools, application support, and direct bank connections without paying a single peso in broker fees.
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