Asia United Bank vs EastWest Bank

Asia United Bank vs EastWest Bank: Home Loan Rate Comparison

When shopping for a home loan in the Philippines, the interest rate is often the single biggest factor affecting your total cost of borrowing. Below we compare Asia United Bank (AUB) and EastWest Bank side by side across the metrics that matter most to Filipino homebuyers and homeowners considering refinancing.

Note: Interest rates are subject to change. Always verify current rates directly with your bank or through a licensed broker like Nook before making a decision.

AUB rates shown are indicative based on publicly available market data and may not reflect current offers. EastWest Bank rates are verified Nook partner rates. All rates subject to change.

Monthly Payment Comparison: How Much Could You Save?

To make the rate difference concrete, here's how monthly payments stack up on a P3,000,000 home loan over 20 years at different fixed-rate periods.

That's over P630,000 in interest savings over the life of the loan — simply by choosing the right bank and the right rate. If you're already paying a higher rate with AUB or another lender, refinancing to EastWest Bank through Nook costs you nothing in broker fees and could start saving you money within weeks.

Curious how EastWest Bank stacks up against other lenders? See our EastWest Bank vs First Metro Investment home loan comparison for another detailed rate breakdown.

Eligibility: Who Qualifies?

One of EastWest Bank's strongest advantages over Asia United Bank is the breadth of borrower profiles it accepts. AUB's home loan program is primarily oriented toward traditionally employed workers in the private or government sector. EastWest Bank, by contrast, accommodates a much wider range of income types:

• Private employees — standard salaried workers in any industry
• Government employees — including teachers, uniformed personnel, and civil servants
• BPO workers — call center and IT-BPO professionals
• OFWs and seafarers — overseas Filipino workers with documented remittance income
• Self-employed individuals — business owners and sole proprietors
• Professionals — doctors, lawyers, accountants, and licensed practitioners

The minimum monthly income requirement at EastWest Bank is P40,000 — meaningfully lower than most competing banks, which typically require P50,000 or more. This makes EastWest one of the more accessible options for middle-income Filipino families.

Loan Purpose Coverage

EastWest Bank also leads in flexibility when it comes to what you can use your home loan for. While AUB covers standard home purchase and refinancing scenarios, EastWest Bank supports a full range of purposes:

• Ready-for-occupancy (RFO) property purchases
• Pre-selling condominium or house-and-lot acquisitions
• New construction on owned land
• Home renovation and improvement
• Reselling and property investment
• Refinancing of existing home loans
• Home equity / cash-out loans
• Foreclosed property purchases

Whether you're a first-time homebuyer, a property investor, or a current homeowner looking to tap your equity, EastWest Bank has a product designed for your situation.

Processing Speed: 19 Days vs 30–45 Days

Time is money when it comes to property transactions. EastWest Bank's typical approval timeline of 19 banking days is significantly faster than the industry average of 30–45 days. For buyers in competitive markets or those with time-sensitive property deals, this speed advantage can be decisive.

Asia United Bank does not publicly advertise a specific approval timeline, and anecdotal reports from borrowers suggest processing can take four to six weeks depending on branch volume and document completeness.

Is AUB Worth Considering at All?

Asia United Bank is a reputable mid-sized universal bank with a solid track record in commercial banking. For existing AUB clients with strong relationship history, there may be some negotiating room on rates or fees. However, for most new borrowers or those considering refinancing, AUB's publicly available home loan rates are not competitive compared to EastWest Bank's verified 5.99% 1-year fixed rate.

If you currently have an AUB home loan at 7% or higher, refinancing to EastWest Bank could cut your monthly payment significantly. Nook's free broker service handles the comparison and application process on your behalf — at zero cost to you.

You may also want to explore our AUB vs CIMB home loan comparison if you're considering other bank alternatives alongside EastWest.

Why Apply Through Nook?

Nook is the Philippines' first digital mortgage broker, helping homeowners compare home loan offers from multiple banks and apply for refinancing — all for free. Here's what you get when you apply through Nook:

• Zero broker fees — Nook's service is 100% free to borrowers
• Access to EastWest Bank's verified partner rates — including the 5.99% 1-year fixed rate
• Single application, multiple bank comparisons — no need to visit branches or fill out multiple forms
• Expert guidance — Nook's specialists help you find the right loan structure for your situation
• Fast processing — EastWest Bank's 19-day approval window means you won't be waiting long

Whether you're refinancing from AUB, BDO, BPI, Metrobank, or any other lender, Nook can help you find a better rate and manage the entire application process from start to finish.