Asia United Bank vs BPI: Home Loan Rate Comparison
Comparing home loan rates between Asia United Bank (AUB) and BPI Family Savings Bank requires understanding what each bank publicly discloses. BPI, as a Nook partner bank, provides verified and transparent rate tiers. AUB, while a legitimate lender, does not publish indicative home loan rates on its public channels — meaning borrowers must apply directly or call a branch to get a quote.
| Feature | Asia United Bank (AUB) | BPI Family Savings Bank |
|---|---|---|
| 1-Year Fixed Rate | Not publicly disclosed | 6.70% p.a. |
| 5-Year Fixed Rate | Not publicly disclosed | 6.50% p.a. |
| Home Equity / Refi Rate | Not publicly disclosed | 6.70% p.a. |
| Minimum Monthly Income | Varies by branch | 40,000 |
| Typical Approval Time | Not published | ~52 days |
| Max Debt-to-Income Ratio | Not published | 40% |
| Loan Purposes Covered | Purchase, refinancing (select) | Foreclosed, Home Equity, New Construction, Pre-Selling, RFO, Refinancing, Renovation, Reselling |
| Employment Types Accepted | Private employed, select self-employed | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional |
| Available via Nook (Free) | No | Yes |
Interest rates are subject to change. Please verify current rates directly with the bank or through your Nook advisor before making any financial decisions.
Monthly Payment Comparison: What Could You Actually Save?
To illustrate the real-world difference, let's run the numbers on a 3,000,000 peso home loan over a 20-year term. If your current rate is 8.50% p.a. — common among homeowners who haven't refinanced in several years — here's how the numbers stack up against BPI's 5-year fixed rate of 6.50% p.a.:
| Scenario | Interest Rate | Est. Monthly Payment | Total Interest Over 20 Years |
|---|---|---|---|
| Current Loan (typical) | 8.50% p.a. | 26,035 | 3,248,400 |
| BPI via Nook (5-Year Fix) | 6.50% p.a. | 22,382 | 2,371,680 |
| Estimated Savings | — | 3,653/month | 876,720 over loan life |
That's potentially over 876,000 pesos in interest savings over the life of the loan — simply by refinancing to a lower rate. Because Nook's service is completely free to borrowers, every peso saved goes directly to you.
Who Is Asia United Bank Best For?
Asia United Bank serves a niche segment of borrowers, particularly those who have existing banking relationships with AUB or whose properties are in areas where AUB has stronger branch presence. AUB is part of the Lucio Tan Group and has a growing retail banking footprint. However, its home loan product lacks the public-facing transparency that many borrowers now expect when comparing options online.
If you're an existing AUB client exploring refinancing, it's still worth getting a quote — but you should benchmark any offer against what BPI or other Nook partner banks can provide. Without a published rate card, you risk accepting terms that aren't as competitive as what's available elsewhere.
Who Is BPI Family Savings Bank Best For?
BPI Family Savings Bank is one of the most accessible home loan lenders in the Philippines, accepting a wide range of borrower profiles including OFWs, BPO employees, government workers, and self-employed professionals. With a minimum monthly income requirement of 40,000 pesos, it caters to a broad middle-income segment.
BPI's home loan product is especially strong for refinancing, offering competitive rates and a well-defined process. As a Nook partner bank, BPI applications submitted through Nook benefit from dedicated advisor support, document checking, and follow-up — all at no cost to the borrower. You can also explore how BPI stacks up against other lenders in our detailed comparisons: BPI vs Chinabank home loan rates and BPI vs Maybank Philippines home loan rates.
Refinancing: Is Now the Right Time?
The best time to refinance is when your current rate is significantly higher than what's available in the market. If you locked in a home loan at 8% to 10% p.a. — typical for loans originated 3 to 7 years ago — today's refinance rates through Nook could deliver meaningful monthly savings. BPI's current 5-year fixed rate of 6.50% p.a. represents a potential spread of 1.5% to 3.5% over what many existing borrowers are paying.
Keep in mind that refinancing involves processing fees, documentary stamp tax, and other costs — typically ranging from 30,000 to 80,000 pesos depending on the loan amount. Even accounting for these, most borrowers break even within 12 to 24 months and enjoy lower payments for the remainder of their loan term. Nook's advisors can run a personalised break-even analysis for you as part of the free service.
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Compare My Options →Frequently Asked Questions
Does Asia United Bank offer home loan refinancing?
Asia United Bank does offer home loan products including select refinancing options, but it does not publicly publish its interest rates or detailed eligibility criteria. If you are interested in AUB for refinancing, you will need to contact a branch directly. For a fully transparent process with published rates, Nook's partner banks — including BPI Family Savings Bank — are a strong alternative where you can see rates upfront.
What is BPI's current home loan interest rate in the Philippines?
As of the latest verified data from Nook, BPI Family Savings Bank offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. for home loans, including refinancing. These rates are subject to change — always confirm the current rate with your Nook advisor or directly with the bank before proceeding.
How much can I save by refinancing my home loan to BPI through Nook?
The savings depend on your current rate, loan balance, and remaining term. As an example, refinancing a 3,000,000 peso loan from 8.50% p.a. to BPI's 6.50% p.a. over 20 years could save approximately 3,653 pesos per month and over 876,000 pesos in total interest over the life of the loan. Nook advisors can calculate your personalised savings estimate for free.
Is Nook's mortgage brokering service really free?
Yes. Nook is 100% free for borrowers. Nook earns a referral fee from the bank upon successful loan disbursement — this does not affect the interest rate or terms you receive. You get expert advice, document assistance, and bank follow-up at no cost to you.
What documents do I need to apply for a home loan refinance through Nook?
Typical documents required include a valid government-issued ID, proof of income (payslips, ITR, or audited financial statements for self-employed), your existing loan statement of account, a copy of the Transfer Certificate of Title (TCT), and the latest tax declaration. Your Nook advisor will provide a complete checklist tailored to your profile and the bank you're applying to.
How long does it take to get approved for a refinance through BPI via Nook?
BPI Family Savings Bank's typical approval timeline is approximately 52 days from submission of a complete set of documents. Nook helps ensure your application is complete before submission, which reduces back-and-forth delays and helps keep the process on track.
Can OFWs apply for a BPI home loan refinance through Nook?
Yes. BPI Family Savings Bank accepts OFW and seafarer applicants, making it one of the more inclusive lenders in the Philippines for overseas workers looking to refinance a home loan back in the country. Nook can guide OFW applicants through the process remotely, including handling document requirements specific to overseas employment.