EastWest Bank offers some of the most competitive housing loan rates in the Philippines — starting at 5.99% p.a. See how much you could save by applying through Nook, completely free.
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Why this matters
EastWest Bank is one of the Philippines' most borrower-friendly home lenders, with fixed-rate housing loans starting at just 5.99% p.a. for a 1-year fixed term — one of the sharpest rates you'll find from any Philippine bank in 2026. Whether you're buying a ready-for-occupancy property, refinancing an existing home loan, or tapping your home equity for renovations or other needs, EastWest offers a flexible range of loan purposes and repayment structures to match your situation. With a minimum monthly income requirement of just 40,000 and approval typically completed in around 19 days, it's a genuinely accessible option for salaried employees, BPO workers, OFWs, self-employed professionals, and government staff alike. If you want to understand exactly what your monthly payments would look like, try the EastWest Bank housing loan calculator to compare scenarios side by side.
Most Filipino homeowners who took out their home loan three to five years ago are still paying rates of 8% to 10% or higher — often without realising how much that gap is costing them every month. Refinancing to EastWest Bank's current rates through Nook could reduce your monthly payment by thousands of pesos, and over a 15-year remaining term, the cumulative savings can reach six figures. Nook works as your mortgage broker, approaching multiple banks on your behalf — including EastWest — to find you the best available rate. The service costs you nothing; Nook is paid by the bank, not by you. For a full breakdown of what documents and eligibility criteria to prepare, see the EastWest Bank housing loan requirements and rates guide.
When comparing housing loan offers, it pays to look beyond the headline interest rate. Consider the fixing period — EastWest offers 1-year, 3-year, 5-year, and 7-year fixed options at 5.99%, 6.25%, 6.49%, and 7.00% respectively — and think about how long you plan to stay in the property and your appetite for rate resets. A shorter fixing period gives you a lower rate now but may reprice sooner; a longer fix gives you payment certainty. Nook's advisors can help you model both scenarios and determine which structure makes the most sense for your income and goals. 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 published housing loan rate is 5.99% p.a. on a 1-year fixed term. This rate is available for qualified borrowers on refinancing, purchase, and home equity loans. Rates are subject to change, so it's best to confirm the current offer through Nook or directly with EastWest 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 pesos, and borrowers must meet standard credit and debt-to-income criteria, with a maximum DTI of 40%.
EastWest Bank typically completes housing loan approval in around 19 days, which is faster than many Philippine banks. Submitting a complete set of documents upfront is the single biggest factor in avoiding delays. Applying through Nook can help streamline the process since Nook's advisors review your documents before submission.
Yes — refinancing is one of the loan purposes EastWest Bank explicitly supports. If you're currently paying a higher rate with another bank, refinancing to EastWest could significantly reduce your monthly payment. Nook can calculate your exact savings and handle the application on your behalf at no cost to you.
No, Nook's service is completely free for borrowers. Nook acts as your mortgage broker and is compensated by the bank upon successful loan disbursement — you pay nothing extra. You get access to EastWest Bank's rates plus Nook's guidance and comparison service at zero additional cost.
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