It is a multi-purpose, non-collateralized loan facility financed by EastWest. EastWest Personal Loan is available to qualified Komo accountholders.

Log-in to your Komo App, Tap on Loans – Personal Loans to apply for an EastWest Personal Loan.

a. Completely filled-out EastWest Online Personal Loan Application Form in the KOMO app

b. One (1) valid and unexpired digitized photo-bearing and signature-bearing I.D. issued in the Philippines (i.e., Driver’s License, Philippine Passport, Professional Regulation Commission (PRC) I.D., SSS I.D., B.I.R. ID, Voter’s I.D., Integrated Bar of the Philippines I.D., and Unified SSS/GSIS and TIN I.D) or same ID* used when you applied for a Komo account.

*Note: If submitted a postal ID for Komo account opening, EastWest may require submission of another valid ID.

c. Proof of Income as follows:

If employed, upload image ANY of the following:

· Latest ITR/BIR Form 2316; or

· Latest three month's payslips; or

· Certificate of Employment stating Salary, Position and Date Employed and ITR or three months’ Payslips; or

If self-employed, submit ANY of the following:

· Latest ITR/BIR Form 1701 and Audited Financial Statements

· DTI Registration Certificate (for Sole Proprietorship) or SEC Registration Certificate with page stating shares owned by the applicant (for Partnerships or Corporations)

· Business Permit

Note: All documents submitted/presented must be under the name of the applicant (correct spelling required, include suffix if applicable)

d. Other documents that may be required for further verification.

You can borrow from PhP25,000 to PhP2,000,000 subject to your capacity to pay and approval of EastWest.

Log-in to the Komo App – Tap on Loans – Personal Loans - Tap on Try Our Loan Calculator.

Payment will be made through Automatic Debit Arrangement (ADA) on your Komo account. This means that Komo will automatically transfer funds from your deposit account to your Personal Loan on your Payment Due Date.

In case of delay in payment, 8% of the past due amount or PhP500 whichever is higher shall be applied for every month that the account is past due.

Yes, you can pre-terminate your loan in full. Note however that an early payment processing fee equivalent to 8% of your principal outstanding balance or Php500, whichever is higher, will apply.

There is a one-time application fee of Php 1,900 deducted from your loan proceeds if you avail the loan.

If your loan is above Php250,000, a documentary stamp tax (DST) equivalent to Php1.50 for every Php200 of the loan amount will apply. DST will also be deducted from your loan proceeds.

Loan proceeds will be credited to your Komo account less the applicable processing fee and Documentary Stamps Tax.

Processing of loan application will take 5 to 7 banking days.