| Personal Loan Interest Rates | ||
|---|---|---|
| Tenor | Monthly Add-on Rate | Effective Interest Rate* |
| 12 Months | 1.79% | 46.91% p.a. |
| 18 Months | 46.14% p.a. | |
| 24 Months | 45.14% p.a. | |
| 36 Months | 43.12% p.a. | |
| 48 Months | 41.33% p.a. | |
| 60 Months | 39.79% p.a. | |
*Per BSP Circular No.730, EIR is the rate that exactly discounts estimated future cash flow through the life of the loan to the net amount of loan proceeds. It is the rate that best measures the true cost of credit.
Eastwest Personal Loan Interest Rates shown in the table above is computed based on a sample loan amount of Php 249,000 with a monthly add-on rate of 1.79%, and a loan processing fee of Php 1,900. Interest rates shown above are indicative only and may change upon approval of the bank depending on the borrower’s qualifications, approved loan amount, tenor, and applicable fees.