EastWest Bank offers some of the most competitive housing loan rates in the Philippines — starting at 5.99% p.a. for a 1-year fixed period. Here's everything you need to know before you borrow or refinance.
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Why this matters
EastWest Bank has quietly become one of the more borrower-friendly lenders in the Philippine housing loan market. In 2026, their fixed-rate offerings range from 5.99% p.a. for a 1-year fix up to 7.00% p.a. for a 7-year fix — giving borrowers genuine flexibility depending on how much rate certainty they want. The 3-year fixed rate sits at 6.25% and the 5-year at 6.49%, both of which sit comfortably below what most homeowners are currently paying on loans originated two to five years ago. If you're on a repricing cycle and your bank just handed you a new rate above 8%, it's worth running the numbers. You can check EastWest Bank's full loan details including a payment calculator to see how your specific loan stacks up.
One thing that makes EastWest stand out is accessibility. Their minimum monthly income requirement is ₱40,000 — lower than several competing banks — and they accept a wide range of employment types including private employees, government workers, BPO staff, OFWs, seafarers, self-employed professionals, and more. They also cover a broad range of loan purposes: refinancing, ready-for-occupancy units, pre-selling properties, reselling, home equity, renovation, new construction, and even foreclosed properties. Typical approval takes around 19 days, which is faster than the industry average. Before you apply, it helps to review EastWest Bank's housing loan requirements for 2026 so you can prepare your documents in advance and avoid delays.
If you're already an EastWest borrower coming up for repricing — or you're currently with another bank and considering a switch — Nook can help you compare EastWest's current rates against other lenders at no cost to you. Nook is the Philippines' first digital mortgage broker, and the service is completely free for borrowers. We handle the comparison, the paperwork coordination, and the bank submission on your behalf. Note that interest rates are subject to change; always verify the latest rates directly with EastWest Bank or through 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's housing loan rates in 2026 start at 5.99% p.a. for a 1-year fixed period, with 3-year fixed at 6.25%, 5-year fixed at 6.49%, and 7-year fixed at 7.00%. A home equity loan is available at 6.25% p.a. These rates are subject to change, so it's best to confirm the latest figures with EastWest directly or through a free broker like Nook.
EastWest Bank's 1-year fixed rate of 5.99% is among the most competitive in the market and compares favourably with similar fixed-period offerings from BDO and BPI, which typically range from 6.25% to 7.50% depending on the fixing period and loan amount. The best way to get a true side-by-side comparison for your specific loan is to apply through Nook, which shops multiple lenders simultaneously at no cost to you.
When your fixed rate period ends, EastWest Bank will reprice your loan based on prevailing market rates at that time. This is a common point where borrowers find their monthly repayments increase significantly — sometimes by thousands of pesos per month. If the new repriced rate feels too high, you have the right to refinance with another lender, and Nook can help you find a better deal before or after repricing.
EastWest Bank accepts applications from a wide range of borrowers including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, and professionals. The minimum monthly income requirement is 40,000 pesos, and your total debt obligations should not exceed 40% of your gross monthly income. You can review the full list of eligibility criteria and required documents on our EastWest Bank housing loan requirements and rates page.
Yes — Nook's mortgage broking service is 100% free for borrowers. Nook is compensated by the bank if your loan is approved, so there is no fee charged to you at any stage of the process. You get access to rate comparisons across multiple lenders, guided document preparation, and a dedicated advisor, all without paying a single peso in broker fees.
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