EastWest Personal Loan Table of Fees and Charges1

Fees / Charges EastWest Personal Loan
Processing Fee A one-time fee imposed to answer for the cost of processing the loan application. The loan processing fee shall be Php1,900 and shall be deducted from the loan proceeds. This only applies to new accounts.
Documentary Stamp Tax (DST) Php1.50 for every Php200.00, or fractional part thereof, of the loan amount, will be deducted from loan proceeds prior to release. For loans with a term of less than 1 year, the DST is proportional with the ratio of its term to 365 days. For loans not exceeding Php250,000, no DST shall be collected if the same will be used for the purchase on installment of a house, lot, motor vehicle, appliance or furniture for personal or family use of the Borrower. This only applies to new accounts.
Contractual Interest Rate and Effective Interest Rate (EIR) The interest rates specified in Sections 6 and 7 of the Promissory Note. Per BSP Circular No. 730, EIR is the rate that exactly discounts estimated future cash flows though the life of the loan to the net amount of the loan proceeds. It is the rate that best measures the true cost of credit.
Late Payment Fee In the event any installment to or advance made by the Bank is not paid when due or when this PN is deemed in default, the Borrower is liable to pay the Bank an LPF equivalent to Php500 per month or 8% per month of the past due amount, whichever is higher, with a fraction of a month to be considered as one (1) whole month, until such time the unpaid installment, the advances made by the Bank, or the whole sum remaining unpaid, as applicable, is paid in full.
Processing Fee for Early Pay-off of Loan Php500 or 8% of the outstanding principal balance, whichever is higher.
Returned Check Fee Php1,000 per returned check
Check Retrieval and Replacement Fee Retrieval and replacement of post-dated checks initially issued by the Borrower to the Bank upon claiming by the Borrower of his/her loan proceeds shall be charged a fee of Php200.

1 The above Fees and Charges are applicable only to personal loans availed from EastWest Bank. For loans availed from Standard Chartered Bank (SCB), fees and charges that are indicated in the General Loan Provisions and Tariff Booklet issued by SCB will still prevail. For questions, please contact our 24/7 Customer Service Hotline at (+632) 8888-1700.


For more information:

Visit any EastWest Store.

Call 24/7 Customer Service Hotline (+632) 8888-1700.

Email us at csloans@eastwestbanker.com.