EastWest Bank is offering some of the most competitive housing loan rates in the Philippines right now — starting at 5.99% p.a. (1-year fixed). If you're buying a home or looking to refinance, this could be the right moment to lock in a lower rate.
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Why this matters
EastWest Bank's 2026 housing loan lineup is built for a wide range of Filipino borrowers — from salaried employees and BPO workers to OFWs, self-employed professionals, and government staff. With a minimum monthly income requirement of just ₱40,000 and a typical approval timeline of around 19 days, EastWest makes it more accessible than many other banks to get your application moving quickly. Their published rates start at 5.99% p.a. for a 1-year fixed term, stepping up to 6.25% for 3 years, 6.49% for 5 years, and 7.00% for a 7-year fixed period — giving borrowers real flexibility depending on how much rate certainty they want. You can also tap your property's equity through their Home Equity loan at 6.25% p.a. To check whether you meet the full criteria, see the EastWest Bank housing loan requirements for 2026.
Whether you're purchasing a ready-for-occupancy unit, refinancing an existing loan, funding a renovation, or buying a pre-selling property, EastWest covers all major loan purposes under their housing product. The key thing to note is their maximum debt-to-income (DTI) ratio of 40%, meaning your total monthly loan obligations — including the new housing loan — should not exceed 40% of your gross monthly income. For a borrower earning ₱60,000 per month, that allows up to ₱24,000 in total monthly debt payments. If you want to model your exact numbers before applying, try the EastWest Bank housing loan calculator to see your estimated monthly payment across different fixed-rate periods.
Applying through Nook is completely free. As the Philippines' first digital mortgage broker, Nook compares multiple lenders on your behalf and submits your application directly to EastWest Bank — saving you time, paperwork, and the hassle of going branch to branch. There are no broker fees charged to the borrower, ever. Nook's team guides you through document preparation and follows up with the bank throughout the approval process. With EastWest's 19-day typical approval timeline, you could have a decision in under a month. Note that interest rates are subject to change — always verify the latest figures directly with EastWest Bank or through a Nook advisor before making a financial decision.
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 lowest published rate is 5.99% p.a. on a 1-year fixed term. This rate is available for both home purchase and refinancing loan purposes. Rates are subject to change, so it's best to confirm the current promo rate with EastWest Bank or through a Nook advisor before you apply.
EastWest Bank accepts applications for a broad range of purposes: purchase of ready-for-occupancy (RFO) or pre-selling properties, refinancing of an existing housing loan, home renovation, new construction, reselling, foreclosed property acquisition, and home equity loans. This makes it a versatile option whether you're a first-time buyer or an existing homeowner looking to unlock your property's value.
EastWest Bank's typical approval timeline is around 19 days from the time your complete application is submitted. This is faster than many traditional banks in the Philippines. Applying through Nook can help speed things up further because Nook's team ensures your documents are complete and correctly formatted before submission.
EastWest Bank requires a minimum gross monthly income of ₱40,000 for housing loan applicants. This applies across employment types including private employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and licensed professionals. Your total monthly debt obligations must also fall within EastWest's maximum DTI limit of 40% of gross monthly income.
Yes — Nook's mortgage broking service is 100% free for borrowers. Nook earns a referral fee from the bank when your loan is approved, so there is no cost charged to you at any stage of the process. You get full broker support, document assistance, and multi-bank comparison without paying a single peso in fees.
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