EastWest Bank offers home loan rates starting at 5.99% p.a. — if you're currently paying 8% or more, refinancing could save you thousands every month.
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Why this matters
EastWest Bank is one of the Philippines' most competitive home loan lenders, offering fixed rates from as low as 5.99% p.a. on a 1-year fixed term — making it a strong option for homeowners looking to refinance and reduce their monthly mortgage burden. With a minimum monthly income requirement of just ₱40,000 and a typical approval time of around 19 days, EastWest makes refinancing accessible to a wide range of borrowers including salaried employees, BPO workers, OFWs, and self-employed professionals. You can use our EastWest Bank housing loan calculator to get a personalised estimate of your potential monthly savings before you apply.
If you're currently on a loan with another bank — or even on an older EastWest loan that repriced at a higher rate — now is a good time to compare. Many Filipino homeowners are still paying rates of 8% to 10% or more, often because their original fixed period expired and their loan rolled onto a higher variable rate. By refinancing to EastWest's current offerings, a borrower with a ₱3,000,000 outstanding balance could potentially save close to ₱4,000 per month. Over the remaining life of a 20-year loan, that adds up to a substantial amount. For a full breakdown of what EastWest requires to qualify, see our guide on EastWest Bank housing loan requirements and rates.
Nook works as a free digital mortgage broker, meaning we help you compare EastWest Bank's rates against other lenders in the Philippines at no cost to you. We handle the paperwork, liaise with the bank on your behalf, and help you find the best available rate for your situation. There are no broker fees — our service is completely free for borrowers. Whether you're refinancing from BDO, BPI, Metrobank, or any other lender, Nook can help you find out if EastWest Bank is the right fit. Please 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 currently offers fixed home 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 refinancing, ready-for-occupancy purchases, and other eligible loan purposes. Rates are subject to change, so it's best to confirm the latest figures with EastWest directly or through Nook before applying.
Yes, EastWest Bank accepts refinancing applications from borrowers who have an existing home loan with another bank or financial institution. Refinancing to a lower rate can significantly reduce your monthly payment — especially if your current loan is priced at 8% or above. Nook can help you assess whether refinancing to EastWest makes financial sense for your specific situation, completely free of charge.
EastWest Bank requires a minimum monthly income of ₱40,000 to qualify for a housing loan. They accept applicants from a wide range of employment types including private-sector employees, government workers, BPO staff, OFWs and seafarers, self-employed individuals, and licensed professionals. Your debt-to-income ratio must also not exceed 40% of your gross monthly income.
EastWest Bank typically approves housing loan applications within approximately 19 days, which is competitive compared to the broader industry average. The timeline can vary depending on the completeness of your submitted documents and the complexity of your application. Applying through Nook can help streamline the process since our team ensures your documents are in order before submission.
Yes, Nook's service is 100% free for borrowers — there are no broker fees, application fees, or hidden charges on your end. Nook earns a referral fee from the bank upon successful loan disbursement, which means you get expert mortgage guidance and comparison at zero cost. You get the same bank rates you would applying directly, but with professional support throughout the process.
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