Asia United Bank vs Landbank: Home Loan Overview
Asia United Bank (AUB) is a mid-sized private commercial bank in the Philippines, offering home loan products primarily to salaried employees and self-employed professionals. Landbank of the Philippines (LBP) is a government-owned bank with a mandate to serve a broad segment of Filipinos, including those in underserved areas, and is one of the largest banks in the country by assets.
Both banks offer home purchase and refinancing options, but they differ considerably in scale, accessibility, and rate competitiveness. Please note: the rate information below is approximate, based on publicly available data, and is subject to change. Always verify current rates directly with the bank before making any financial decision.
Interest Rate Comparison
| Feature | Asia United Bank | Landbank | Nook Partner Banks |
|---|---|---|---|
| Indicative Rate (1-year fix) | ~7.50% – 8.50% p.a. | ~6.50% – 8.00% p.a. | From 5.99% p.a. |
| Indicative Rate (3-year fix) | ~8.00% – 9.00% p.a. | ~7.00% – 8.50% p.a. | Competitive fixed options available |
| Indicative Rate (5-year fix) | ~8.50% – 9.50% p.a. | ~7.50% – 9.00% p.a. | Competitive fixed options available |
| Rate Transparency | Limited public disclosure | Moderate — published ranges available | Verified & confirmed upfront |
Landbank generally posts more competitive indicative rates than Asia United Bank, which may reflect its government mandate to keep borrowing accessible. That said, both banks' rates remain above what Nook's best partner bank rates offer today. A borrower currently paying 8.50% on a 3,000,000 loan could be overpaying by tens of thousands of pesos per year compared to a 5.99% refinance.
Monthly Repayment Comparison
To illustrate the real-world impact, here's how monthly repayments compare on a 3,000,000 home loan over 20 years at different indicative rates:
| Interest Rate | Indicative Monthly Payment | Total Interest Paid |
|---|---|---|
| 5.99% p.a. (Nook best rate) | ~21,490 | ~2,157,600 |
| 7.00% p.a. (Landbank low end) | ~23,260 | ~2,582,400 |
| 8.00% p.a. (AUB low end) | ~25,090 | ~3,021,600 |
| 8.50% p.a. (AUB mid range) | ~26,030 | ~3,247,200 |
At 8.50% versus 5.99%, a borrower on a 3,000,000 loan pays approximately 4,540 more per month — that's over 1,089,600 in extra interest over a 20-year term. Even compared to Landbank's lower-end rate of 7.00%, refinancing to 5.99% saves roughly 1,770 per month and over 424,800 over the life of the loan.
Loan Features & Eligibility
| Feature | Asia United Bank | Landbank |
|---|---|---|
| Minimum Loan Amount | ~500,000 | ~300,000 |
| Maximum Loan Amount | Up to 80% of appraised value | Up to 80% of appraised value |
| Maximum Loan Term | Up to 20 years | Up to 25 years (select programs) |
| Eligible Borrowers | Salaried, self-employed, OFWs | Salaried, self-employed, OFWs, agri-sector |
| Branch Network | Limited (~50+ branches) | Extensive (500+ branches nationwide) |
| Online Application | Basic online inquiry | Partial online application available |
| Processing Time | 2–4 weeks (estimated) | 3–6 weeks (estimated) |
Landbank's wider branch presence and longer maximum loan terms give it a practical edge, especially for borrowers outside Metro Manila. However, if rate savings are your priority — particularly for refinancing — neither bank's standard offering is likely to match what you can access through a broker comparison. You can also explore how Landbank compares to Pag-IBIG if you're weighing government-backed loan options.
Fees & Charges
| Fee | Asia United Bank | Landbank |
|---|---|---|
| Processing Fee | ~5,000 – 10,000 (estimated) | ~5,000 – 10,000 (estimated) |
| Appraisal Fee | Charged to borrower | Charged to borrower |
| Notarial & Documentary Fees | Applicable | Applicable |
| Prepayment Penalty | May apply within fixed rate period | May apply within fixed rate period |
| Annual Service Fee | Varies | Varies |
Important: Fee structures for both banks are subject to change. Always request a complete schedule of charges before signing any loan documents. Nook's service to borrowers is 100% free — we are compensated by the bank, never by you.
Refinancing with Asia United Bank or Landbank
If you're currently with either of these banks and considering refinancing, the first question to ask is: what rate are you currently paying, and what's available in the market today? Many Filipino homeowners are still locked into rates of 7% to 10% from loans originated several years ago.
Refinancing to a lower rate — especially if you have 10 or more years remaining on your loan — can generate significant savings. Nook lets you compare offers from multiple banks at once, without the hassle of visiting each bank individually. The process is fully digital and completely free to you. For more context on how Landbank stacks up against other government-linked and private lenders, see our comparison of Bank of Commerce vs Landbank home loan rates.
Whether your current loan is with Asia United Bank, Landbank, or any other lender, Nook can help you find out if a better rate is available for your specific situation.
Who Should Choose Asia United Bank?
- Borrowers who already bank with AUB and prefer to consolidate their financial relationship
- Self-employed professionals comfortable with AUB's documentation requirements
- Borrowers seeking a straightforward private bank experience with a mid-sized institution
Who Should Choose Landbank?
- Borrowers outside Metro Manila who need access to a wide branch network
- Government employees or those with existing Landbank accounts who may qualify for preferential terms
- Borrowers who need longer loan tenors (up to 25 years on some programs)
- Those comparing government-backed options (also worth reviewing our GoTyme vs Landbank comparison for a digital bank perspective)
Who Should Use Nook?
- Any borrower who wants to see the most competitive rates currently available across multiple banks
- Homeowners refinancing a loan of 1,500,000 or more who want to maximize savings
- Anyone who values a free, transparent, and fully digital mortgage process
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Compare My Options →Frequently Asked Questions
Which has a lower home loan rate — Asia United Bank or Landbank?
Based on publicly available information, Landbank generally offers slightly lower indicative rates than Asia United Bank, with rates typically starting around 6.50% p.a. for a 1-year fixed period versus AUB's approximate range starting around 7.50% p.a. However, both banks' rates are subject to change, and neither may offer the most competitive rate available in the market today. Nook partner banks currently offer rates from as low as 5.99% p.a., which may beat both options. Always verify current rates before making a decision.
Can I refinance my Asia United Bank home loan with a different lender?
Yes. You are free to refinance your existing Asia United Bank home loan with another lender at any time, subject to any prepayment penalties that may apply during a fixed rate period. Refinancing involves transferring your outstanding balance to a new bank that offers a lower interest rate. Nook can help you compare options from multiple lenders for free and find the best deal for your situation.
Is Landbank a good choice for home loan refinancing?
Landbank can be a solid option for refinancing, particularly for borrowers who value its government-backed stability and wide branch network. Its rates are generally competitive among Philippine banks. However, if your primary goal is getting the lowest possible rate, it's worth comparing Landbank's offer against those available through Nook, where partner banks are currently offering rates starting at 5.99% p.a. The difference over a 20-year loan term can amount to hundreds of thousands of pesos.
How much can I save by refinancing from 8% to 5.99%?
On a 3,000,000 home loan with 20 years remaining, refinancing from 8.00% to 5.99% p.a. could reduce your monthly payment by approximately 3,600 and save you over 860,000 in total interest over the life of the loan. The exact savings depend on your remaining balance, outstanding term, and any fees involved in refinancing. Nook can calculate your specific savings estimate for free.
Does Nook charge a fee to help me compare home loans?
No. Nook's service is 100% free to borrowers. Nook is compensated directly by the lending bank when a loan is successfully processed — you pay nothing for the comparison, application assistance, or broker service. This means you get access to multiple bank offers and expert guidance at zero cost to you.
What documents do I need to refinance my home loan in the Philippines?
Standard documents for home loan refinancing in the Philippines typically include a valid government-issued ID, proof of income (payslips or ITR for employed borrowers; financial statements for self-employed), your existing loan statement of account, copy of the Transfer Certificate of Title (TCT), tax declaration of the property, and proof of billing. Requirements may vary by bank. Nook will guide you through exactly what is needed for your chosen lender.
How long does the refinancing process take in the Philippines?
The refinancing process in the Philippines typically takes between 4 to 8 weeks from application to loan release, depending on the lender and the completeness of your documents. Landbank may take slightly longer given the volume of applications it handles. Working with Nook can help streamline the process since our team ensures your documents are complete and correctly submitted the first time.