EastWest Bank Car Loan 2026
By Aditya AmanPublished Sep 28, 2026Editorial PolicyLives in the Philippines and has driven nearly every Luzon expressway with his family.EastWest Bank Auto Loan finances brand-new and second-hand vehicles for salaried, self-employed and OFW borrowers, resident foreigners and registered businesses.
- Interest rate, brand new
- 6.84% to 30.24% add-on, 12 to 60 months
- Monthly on ₱1,000,000
- ₱21,707 over 60 months, about 10.9% a year
- Down payment
- 20% minimum
- Loan term
- 12 to 60 months, depending on the vehicle variant and year model
- Loan amount
- ₱200,000
- Decision
- Within a day, with complete documents
- Vehicles
- Brand new or second hand; the online form also lists passenger cars and commercial vehicles
EastWest Bank car loan calculator
Pick your car, down payment and term to see the monthly payment at EastWest Bank, the total interest, the one-time charges and what the car costs you in all, and how EastWest Bank compares with the cheapest bank for the same loan.
Example car, ₱1,250,000, 20% down, 60 months. Pick your car or type its price.
₱21,707a month
30.24% add-on for 60 months, about 10.9% a year
- Down payment
- ₱250,000
- Loan
- ₱1,000,000
- Total interest
- ₱302,400
- One-time charges
- Quoted on approval
- What the car costs you
- ₱1,552,400
5 of 8 banks for this loan: ₱740 a month more than UnionBank.
Pay overMonthlyTotal interest
Shorter terms cost more a month and less in total. Tap a term to use it above.
EastWest Bank car loan rates by term
EastWest Bank charges an add-on rate: one figure on the full loan for the whole term, so the rate rises with the term.
| Car | 12 months | 18 months | 24 months | 36 months | 48 months | 60 months |
|---|---|---|---|---|---|---|
| Brand new | 6.84% | 9.60% | 12.41% | 18.18% | 24.12% | 30.24% |
| Second hand | 8.82% | 12.99% | 17.53% | 26.94% | 37.40% | No rate for this term |
| Monthly on ₱1,000,000, brand new | ₱89,033 | ₱60,889 | ₱46,838 | ₱32,828 | ₱25,858 | ₱21,707 |
Standard rates. In-arrears rates.
EastWest Bank vs other banks
On the same ₱1,000,000 brand new car loan over 60 months, EastWest Bank costs ₱21,707 a month: ₱740 more than UnionBank, the lowest.
BankMore a month than the lowestMonthly
EastWest Bank Auto Loan: features
- Maximum financed
- 80% of the selling price
- Decision time
- Within a day, with complete information and documents
- AutoCash
- A separate loan against a fully paid car: up to 70% of appraised value, up to 48 months, car up to 10 years old
- Acquired-assets (repossessed) auto channel
- EastWest runs a separate Pre-Owned Auto channel for its own repossessed and foreclosed vehicles, with its own Pre-Owned Auto Loan Calculator and rate table, apart from the standard new or second-hand Auto Loan.
Who can get a EastWest Bank car loan
EastWest Bank's rules differ by how you earn. Pick yours.
- 21 to 70 years old at loan maturity
- Gross monthly income of at least ₱40,000
- Businesses: registered and profitable for at least 3 years, with gross monthly income of at least ₱200,000
- Locally employed applicants must be regular or permanent
- Self-employed applicants can apply
- OFWs can apply
EastWest Bank car loan requirements
Tick each document as you gather it, then print the list for your branch visit.
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How to apply for a EastWest Bank car loan
- Choose a car
- Fill out and submit the online application formOpen EastWest Bank's form
- Wait for confirmation; a decision may come within a day
EastWest Bank car loan fees and terms
What EastWest Bank charges beyond interest, and the rules after you sign. Your disclosure statement lists the full amount.
- Fees
- Chattel mortgage, insurance, LTO registration and out-of-town fees as applicable; the bank quotes the amounts on approval
- Late payment
- 6% a month of the unpaid monthly installment; part of a month counts as a month
- Prepayment
- Allowed on the bank's terms, with a processing fee the bank sets
- Late insurance submission
- A late submission fee applies if the renewed policy is not submitted on time
- Attorney's fees on enforcement
- At least ₱200,000 or 20% of the balance, whichever is higher; 15% if the balance is ₱400,000 or less
- Insurance
- Comprehensive cover with Acts of God, from an EastWest-accredited insurer, required on approval
- Payment method
- Auto-debit from an EastWest deposit account, or post-dated checks
EastWest Bank car loan promos
- Until November 10, 2026FREE 1-Year Insurance
Free first-year motor insurance for qualified applications between August 10 and November 10, 2026, on Purchase Order transactions with a 36 to 60 month term and a minimum loan of ₱500,000.
EastWest Bank car loan hotline and contact
- 24-hour customer service
- (+632) 8888-1700
- Domestic toll-free
- 1-800-1888-8600
- US toll-free
- 1-866-828-6296
- Auto loan email
- EWautoloan@eastwestbanker.com
- Consumer loans email
- csloans@eastwestbanker.com
- Customer service email
- service@eastwestbanker.com
- Online loan account view
- EastWest's EasyWay app shows an existing auto loan only if it's active and current, was booked on or after January 1, 2023, and has no unpaid billed principal or interest; older or delinquent loans do not show.
EastWest Bank car loan questions
What is the EastWest Bank car loan interest rate?
EastWest Bank's brand new car loan rates run from 6.84% to 30.24% add-on, for 12 to 60 months. On ₱1,000,000 over 60 months that is ₱21,707 a month.
How much is the down payment for a EastWest Bank car loan?
20% minimum.
How long is EastWest Bank car loan approval?
Within a day, with complete documents, once your documents are complete.
What are the requirements for a EastWest Bank car loan?
Completed EastWest Bank Auto Loan application form; At least 2 government-issued IDs; Income documents such as ITR, certificate of employment or audited financial statements; On approval: spouse as co-maker if married; Second-hand units: vehicle inspection, appraisal and car history check; Online form: TIN and SSS numbers.
Is there an auto loan promo for 2026?
Yes. EastWest is running a free first-year motor insurance promo for qualified applications from August 10 to November 10, 2026, on Purchase Order loans with a 36 to 60 month term and a minimum ₱500,000 loan amount.
What are the requirements to get a loan from EastWest Bank?
You must be 21 to 70 years old at loan maturity with a gross monthly income of at least ₱40,000. Self-employed applicants and OFWs can apply, and foreigners need at least 1 year of Philippine residency or a Filipino co-maker.
How do I contact EastWest for an auto loan?
Call the 24-hour customer service line at (+632) 8888-1700 or the domestic toll-free 1-800-1888-8600, or email EWautoloan@eastwestbanker.com.
How do I check my car loan status?
EastWest's EasyWay app shows an existing loan only if it's active, current, and booked from January 2023 onward. For older loans or status questions, call the 24-hour customer service line at (+632) 8888-1700.
How much is the car loan interest rate today?
EastWest's add-on rates for a brand-new car run from 6.84% at 12 months to 30.24% at 60 months, with second-hand cars from 8.82% to 37.4%.
Compare before you apply
Answer 5 questions to see the three car loans that fit you best, or check the requirements at every bank.
