EastWest Bank offers some of the most competitive housing loan rates in the Philippines — starting at 5.99% p.a. Apply through Nook for free and see how much you could save every month.
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Why this matters
EastWest Bank is one of the Philippines' fastest-growing universal banks, and its housing loan product stands out for its flexible fixed-rate periods and accessible income requirements. Whether you're purchasing a ready-for-occupancy unit, refinancing an existing loan, or tapping your home equity for renovations or other needs, EastWest Bank has a loan purpose that fits. Its 1-year fixed rate starts at just 5.99% p.a., with longer fixed periods available at 6.25% (3-year), 6.49% (5-year), and 7.00% (7-year) — giving borrowers the freedom to choose rate certainty that matches their financial plans. You can explore estimated monthly payments for different scenarios using the EastWest Bank housing loan calculator.
Qualifying for an EastWest Bank housing loan is straightforward. You'll need a minimum monthly income of ₱40,000, and the bank welcomes a wide range of employment types including private employees, government workers, BPO professionals, OFWs, seafarers, and self-employed individuals. The maximum debt-to-income ratio is 40%, and typical loan approval takes around 19 days — faster than many competing banks. For a full breakdown of what documents and eligibility criteria are required, see the EastWest Bank housing loan requirements guide.
Applying through Nook gives you an important advantage: our service is completely free to borrowers. Nook's mortgage specialists do the legwork of comparing rates across multiple lenders, preparing your documents, and coordinating with the bank — so you don't have to navigate the process alone. If you're currently paying 8% or more on an existing home loan, refinancing to EastWest Bank's 5.99% rate could mean thousands of pesos in savings every single month. The numbers above are based on a ₱3,000,000 loan with a 20-year remaining term, and your actual savings will depend on your outstanding balance and current rate. Please note that interest rates are subject to change — always verify the latest rates directly with the bank or through Nook before making a 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 housing loan rate is 5.99% p.a. on a 1-year fixed period. This is among the most competitive rates available from any Philippine bank right now. After the fixed period ends, your rate will reprice based on prevailing market rates.
EastWest Bank accepts applications from a wide range of borrowers including private and government employees, BPO workers, OFWs, seafarers, self-employed individuals, and licensed professionals. You'll need a minimum monthly income of ₱40,000 and a total debt-to-income ratio of no more than 40%.
EastWest Bank covers a broad range of loan purposes including the purchase of ready-for-occupancy (RFO) and pre-selling properties, reselling of existing homes, new construction, foreclosed property acquisition, home renovation, and home equity (cash-out refinancing). This flexibility makes it suitable for many different borrower situations.
EastWest Bank's typical loan approval timeline is around 19 days, which is faster than many other Philippine banks. Processing time can vary depending on the completeness of your documents and the complexity of your application. Applying through Nook can help ensure your documents are in order from the start, reducing delays.
Yes, Nook's mortgage brokering service is completely free for borrowers. Nook earns a fee from the bank upon successful loan disbursement, so you get expert guidance, document support, and rate comparison at no cost to you. There are no hidden charges for using Nook's service.
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