EastWest Bank offers home loan rates starting at 5.99% p.a. — if you're currently paying 8% or more, you could be saving tens of thousands of pesos every year by refinancing through Nook for free.
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Why this matters
EastWest Bank is one of the Philippines' fastest-growing universal banks, and its housing loan product is built for flexibility. Whether you're buying a ready-for-occupancy unit, refinancing an existing loan, or tapping your home equity for a renovation or major expense, EastWest has a loan purpose to match. Their 1-year fixed rate of 5.99% p.a. is among the most competitive in the market right now — and with a minimum monthly income requirement of just ₱40,000, it's accessible to a wide range of Filipino borrowers including salaried employees, BPO workers, OFWs, and self-employed professionals. Typical approval takes around 19 days, which is faster than many competing banks. You can use the EastWest housing loan calculator to estimate your exact monthly payments before you apply.
If you already have a home loan with another bank — BDO, BPI, Metrobank, or any other lender — and you're still paying a rate above 7%, refinancing to EastWest Bank could generate significant savings over the remaining life of your loan. On a ₱3,000,000 balance with 20 years remaining, moving from 8.50% down to 5.99% cuts your monthly payment by nearly ₱4,000. Over the full term, that's hundreds of thousands of pesos back in your pocket. Nook helps you compare EastWest's offer side-by-side with other partner banks so you always get the best deal — and the entire service is 100% free to you as the borrower. See the full EastWest Bank housing loan rates and requirements to understand what documents you'll need and which rate tier applies to your situation.
Applying through Nook means you get a dedicated mortgage advisor who handles the paperwork, liaises with the bank on your behalf, and makes sure your application is submitted correctly the first time. There's no broker fee, no hidden charges — Nook earns a referral fee from the bank, not from you. Whether you're refinancing to lower your monthly payments, consolidating debt, or unlocking your home equity, EastWest Bank through Nook is a strong starting point. Interest rates are subject to change; always verify the latest rates with EastWest Bank or your Nook advisor before proceeding.
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, available for both purchase and refinancing purposes. Rates step up to 6.25% for 3-year fixed, 6.49% for 5-year fixed, and 7.00% for 7-year fixed. Rates are subject to change, so confirm the latest figures with a Nook advisor before applying.
EastWest Bank accepts applications from a wide range of employment types including private-sector employees, government workers, BPO staff, OFWs and seafarers, self-employed individuals, and licensed professionals. The minimum monthly income requirement is ₱40,000, and your total debt obligations should not exceed 40% of your gross monthly income. Both Filipino citizens and qualifying foreign nationals may be eligible.
Yes — refinancing is one of EastWest Bank's supported loan purposes, and it's one of the most common reasons borrowers apply through Nook. If your current rate is above 7%, switching to EastWest's 5.99% 1-year fixed rate could meaningfully reduce your monthly payment and total interest cost. Nook will assess your current loan and calculate your exact potential savings for free.
EastWest Bank's typical approval timeline is around 19 days from the submission of a complete application, which is faster than many major banks in the Philippines. Approval speed depends on the completeness of your documents and the complexity of your case. Applying through Nook helps ensure your documents are complete and correctly prepared before submission, reducing unnecessary delays.
No — Nook's mortgage broking service is completely free for borrowers. Nook earns a referral commission from EastWest Bank and other partner banks, which means you get professional guidance, document support, and bank comparison at zero cost to you. There are no hidden charges, and you are never obligated to proceed if you're not satisfied with the offer.
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