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 find out how much you could save.
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Why this matters
EastWest Bank is one of the Philippines' fastest-growing universal banks and a Nook partner — meaning you can apply for an EastWest housing loan or refinance your existing home loan through Nook completely free of charge. EastWest's 1-year fixed rate of 5.99% p.a. is among the lowest available from any Philippine bank today, and with a minimum qualifying income of just ₱40,000 per month, it's accessible to a wide range of borrowers including salaried employees, BPO workers, OFWs, and self-employed professionals. Typical approval takes around 19 days, making it one of the faster lenders in the market. If you want to understand your monthly obligations before applying, you can use the EastWest Bank housing loan calculator to model different loan amounts and terms.
Whether you're buying a ready-for-occupancy property, refinancing a loan from another bank like BDO, BPI, or Metrobank, or tapping your home equity for renovations, EastWest Bank has a loan purpose to match. Their fixed-rate options range from 1 to 7 years, giving you flexibility to lock in a low rate for the period that suits your financial plan. For homeowners currently paying 8% or more, refinancing to EastWest's 5.99% rate on a ₱3,000,000 balance over 20 years could mean saving over ₱550,000 in total interest — that's real money back in your pocket. For a full breakdown of what you'll need to qualify, see the EastWest Bank housing loan requirements and rates guide.
Nook is the Philippines' first digital mortgage broker, and our service is 100% free to borrowers. We handle the comparison, paperwork coordination, and bank communication on your behalf — so you don't have to navigate the process alone. We work with EastWest Bank and other leading Philippine lenders to surface the best rate available for your specific situation. There are no broker fees, no hidden charges, and no obligation to proceed after getting your comparison. 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 currently offers a 1-year fixed rate of 5.99% p.a., a 3-year fixed rate of 6.25% p.a., and a 5-year fixed rate of 6.49% p.a. through Nook. These are among the most competitive housing loan rates available in the Philippines today, though rates are subject to change — check with Nook or EastWest directly for the most up-to-date figures.
EastWest Bank requires a minimum monthly income of ₱40,000 and accepts borrowers from a wide range of employment types including private employees, government workers, BPO staff, OFWs, seafarers, and self-employed professionals. Your debt-to-income ratio must not exceed 40%, meaning your total monthly debt obligations — including the new housing loan payment — should be no more than 40% of your gross monthly income. For a complete list of documentary requirements, see our detailed EastWest housing loan requirements guide.
EastWest Bank typically processes and approves housing loan applications within 19 days, which is faster than many competing banks in the Philippines. Approval time can vary depending on the completeness of your submitted documents and the complexity of your application. Applying through Nook can help speed up the process since we review your documents before submission.
Yes, refinancing is one of EastWest Bank's supported loan purposes, and it's one of the most popular reasons Filipino homeowners apply through Nook. If you're currently paying a rate of 8% or higher with another bank, refinancing to EastWest's 5.99% rate could significantly reduce your monthly payment and total interest cost over the life of your loan. Nook will calculate your exact savings based on your current loan balance and remaining term — for free.
Yes, Nook's service is completely free for borrowers — we are compensated by the banks, not by you. The main advantage of applying through Nook is that we compare multiple lenders simultaneously so you can be confident you're getting the best available rate, not just what one bank happens to offer. We also guide you through documentation, follow up with the bank on your behalf, and help resolve any issues that arise during processing.
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