Asia United Bank vs Chinabank: Home Loan Overview
Asia United Bank (AUB) and China Banking Corporation (Chinabank) are two established Philippine commercial banks that offer home loan and housing refinance products. While both serve the retail mortgage market, their rate structures, eligibility requirements, and loan features differ in meaningful ways. This page gives you an honest, side-by-side look — and shows how both compare to the best refinance rate currently available through Nook.
Important note: Neither AUB nor Chinabank are currently Nook partner banks. The rates and terms shown below are approximate figures based on publicly available information and general market knowledge. Actual rates are subject to change and may vary based on your loan amount, term, and credit profile. Always verify current rates directly with each bank before making a decision.
Interest Rate Comparison
| Feature | Asia United Bank (AUB) | Chinabank | Nook (Best Available) |
|---|---|---|---|
| Indicative Starting Rate | ~7.00% p.a. | ~7.00% p.a. | 5.99% p.a. |
| Rate Type | Fixed for repricing period | Fixed for repricing period | Fixed (repricing period varies by lender) |
| Typical Repricing Period | 1, 2, 3, or 5 years | 1, 2, 3, or 5 years | Up to 5 years fixed available |
| Rate Transparency | Requires direct bank inquiry | Requires direct bank inquiry | Verified rates from multiple lenders |
Both AUB and Chinabank publish indicative home loan rates, but final offers depend heavily on the borrower's profile, property type, and loan-to-value ratio. Nook's partner lenders provide verified, up-to-date rates through a single application — no need to shop each bank individually.
Monthly Payment Illustration
To illustrate the real-world impact of rate differences, here's what a typical home loan refinance looks like at different rates. Figures below are for a 3,000,000 loan over a 20-year term:
| Interest Rate | Estimated Monthly Payment | Total Interest Paid (20 yrs) |
|---|---|---|
| 7.00% p.a. (AUB / Chinabank typical) | ~23,259 | ~2,582,160 |
| 8.00% p.a. | ~25,093 | ~3,022,320 |
| 9.00% p.a. | ~26,992 | ~3,478,080 |
| 5.99% p.a. (Nook best rate) | ~21,480 | ~2,155,200 |
At 5.99% vs 7.00%, a borrower with a 3,000,000 loan saves approximately 1,779 every month — that's over 426,960 in interest savings over 20 years. If you're currently paying 8% or higher, the potential savings are even greater.
Loan Features and Eligibility
| Feature | Asia United Bank (AUB) | Chinabank |
|---|---|---|
| Minimum Loan Amount | ~500,000 | ~500,000 |
| Maximum Loan Amount | Up to 80% of appraised value (typical) | Up to 80% of appraised value (typical) |
| Maximum Loan Term | Up to 20 years | Up to 20 years |
| Eligible Borrowers | Filipino citizens, some foreign nationals | Filipino citizens, some foreign nationals |
| Property Types | Residential house and lot, condo, townhouse | Residential house and lot, condo, townhouse |
| Refinancing Available | Yes | Yes |
Both banks offer refinancing for existing home loans, which is the most common use case for borrowers looking to reduce their monthly payments. If you're considering refinancing from either bank — or refinancing away from another lender to AUB or Chinabank — it's worth comparing their current offers against what Nook's lender panel can provide. You may also find our Chinabank vs Maybank Philippines comparison useful if you're evaluating Chinabank alongside other mid-tier lenders.
Fees and Charges
| Fee | Asia United Bank (AUB) | Chinabank |
|---|---|---|
| Processing Fee | Varies (typically 5,000–10,000) | Varies (typically 5,000–10,000) |
| Appraisal Fee | Paid by borrower | Paid by borrower |
| Early Repayment / Prepayment Penalty | May apply within fixed period | May apply within fixed period |
| Annual Fee | None (typically) | None (typically) |
| Broker / Facilitator Fee | N/A (direct bank) | N/A (direct bank) |
When refinancing, processing and appraisal fees are standard across most Philippine banks. One key advantage of working through Nook is that Nook's service is completely free to the borrower — there's no broker fee, no facilitation charge, and no hidden costs. Nook is compensated by the lender, not the borrower.
Application Process: Bank vs Nook
Applying directly to AUB or Chinabank means going through each bank's separate application process — filling out forms, gathering documents, and waiting for individual responses. If you want to compare both banks, you'd need to apply twice.
With Nook, you submit one application and get matched with the best refinance rates from multiple lenders on the Nook panel. The entire process is digital, and Nook's mortgage specialists guide you from application to approval at no cost to you.
- AUB or Chinabank direct: One bank at a time, branch visits may be required, limited rate visibility
- Nook: Single digital application, multiple lender options, verified rates, free service, dedicated support
For a broader view of how Chinabank stacks up against other lenders, see our Chinabank vs Philippine Business Bank comparison.
Who Should Consider AUB or Chinabank?
AUB and Chinabank may be worth considering if:
- You already have an existing relationship with either bank (savings account, payroll, or other products)
- You're looking for a bank with a physical branch presence in your area
- You have a specific property type or transaction structure that one of these banks accommodates well
However, if your primary goal is to get the lowest possible interest rate and reduce your monthly payments, neither bank is likely to match the 5.99% p.a. rate currently available through Nook's lender panel. We recommend at minimum getting a Nook comparison before committing to any bank directly.
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Compare My Options →Frequently Asked Questions
What are Asia United Bank's current home loan interest rates?
Asia United Bank's home loan rates are not publicly listed in detail and require direct inquiry. Based on publicly available information, AUB's indicative home loan rates typically start around 7.00% p.a. for fixed-rate periods of 1 to 5 years. Actual rates will vary based on your loan amount, term, and borrower profile. These figures are approximate and subject to change — always confirm current rates directly with AUB.
What are Chinabank's home loan interest rates?
Chinabank's home loan rates are similarly not always publicly advertised in full detail. Indicative rates generally start around 7.00% p.a. for shorter fixed periods, with longer fixed terms typically carrying slightly higher rates. These are approximate figures based on publicly available information and are subject to change. Contact Chinabank directly or use Nook to compare verified rates from multiple lenders at once.
How does AUB compare to Chinabank for home loans?
Both AUB and Chinabank offer broadly similar home loan products — fixed-rate periods of 1 to 5 years, loan terms up to 20 years, and financing of up to 80% of the property's appraised value. The key differentiators tend to be their current promotional rates, customer service, and branch accessibility in your area. Neither bank is currently a Nook partner, so we recommend using Nook to compare their offers against lenders that may have better rates available.
Can I refinance my AUB home loan through Nook?
Yes. If you currently have a home loan with Asia United Bank, you can refinance it through Nook to potentially access lower interest rates. Nook will match you with the best available rates from its panel of lenders — including rates as low as 5.99% p.a. — and the entire service is free to you as a borrower. Simply submit one application and Nook will handle the comparison and paperwork.
Can I refinance my Chinabank home loan through Nook?
Yes. Nook can help you refinance away from Chinabank if a better rate is available through Nook's lender panel. If you're currently paying 7% or more on your Chinabank mortgage, refinancing to 5.99% p.a. through Nook could save you thousands of pesos every year. The process is fully digital and completely free for borrowers.
What is the best home loan rate available in the Philippines right now?
The best home loan refinance rate currently available through Nook is 5.99% p.a. This is significantly lower than the 7%–10% range that most Filipino homeowners are paying on their existing home loans. Nook compares rates from multiple lenders so you don't have to apply to each bank individually.
Is it worth refinancing from AUB or Chinabank to a Nook partner lender?
For most borrowers, yes — especially if you're currently paying 7% or higher. On a 3,000,000 loan over 20 years, refinancing from 7.00% to 5.99% saves approximately 1,779 per month and over 426,960 in total interest. Since Nook's service is free, there's no cost to finding out whether a better rate is available to you.
How does Nook's home loan comparison work?
Nook is the Philippines' first digital mortgage broker. You submit one application online, and Nook's team matches you with the best refinance rates from its panel of partner lenders. Nook handles the comparison, paperwork, and coordination — all at no cost to you. Nook is paid by the lender, not the borrower, so you always get unbiased guidance.