Refinance your existing EastWest Bank home loan to secure better rates starting at 5.99% and reduce your monthly payments.
REFINANCING SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
EastWest Bank housing loan refinancing allows existing borrowers to replace their current mortgage with a new loan featuring better terms and lower interest rates. As a Nook partner bank, EastWest offers competitive refinancing rates starting at 5.99% for 1-year fixed terms, with fast 19-day approval times and accessible minimum monthly income requirements of just ₱40,000.
Many EastWest Bank borrowers are currently paying between 8% to 10% on their existing home loans, making refinancing an attractive option to reduce monthly payments and save thousands of pesos annually. Through Nook's free broker service, you can easily compare EastWest's current rates with other major Philippine banks to ensure you're getting the best possible deal for your refinancing needs.
The refinancing process involves applying for a new loan to pay off your existing mortgage, potentially securing a lower interest rate, better terms, or accessing your home's equity. EastWest Bank accepts various loan purposes including refinancing, home equity, and renovation, with a maximum debt-to-income ratio of 40% and support for different employment types including private sector, government, BPO, OFW/seafarer, self-employed, and professional borrowers.
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 offers refinancing rates starting at 5.99% for 1-year fixed terms, 6.25% for 3-year fixed, 6.49% for 5-year fixed, and 7.00% for 7-year fixed terms. Home equity loans are available at 6.25%. Interest rates are subject to change and borrowers should verify current rates.
EastWest Bank typically processes refinancing applications within 19 days. The timeline may vary depending on document completeness and loan complexity. Working with Nook's free broker service can help streamline the application process and ensure all requirements are met efficiently.
EastWest Bank requires a minimum monthly income of ₱40,000 for housing loan refinancing. They accept various employment types including private sector, government employees, BPO workers, OFWs/seafarers, self-employed individuals, and professionals. The maximum debt-to-income ratio is set at 40%.
Yes, EastWest Bank accepts refinancing applications from borrowers with existing loans from other banks. This allows you to potentially secure better rates and terms while consolidating your mortgage with EastWest Bank. Nook can help you compare rates and determine if switching makes financial sense.
Required documents typically include income statements, employment certification, tax returns, existing loan statements, property documents, and bank statements. EastWest Bank may request additional documentation depending on your employment type and loan purpose. Nook can provide a complete checklist and guide you through the documentation process.
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