Asia United Bank vs RCBC

Asia United Bank vs RCBC: Home Loan Rate Comparison

When comparing home loans or refinancing options in the Philippines, two names that sometimes come up are Asia United Bank (AUB) and Rizal Commercial Banking Corporation (RCBC). While both are established Philippine banks, they differ significantly in terms of rate transparency, eligibility requirements, and the range of loan purposes they serve.

Below, we break down what each bank offers so you can decide which is right for your situation — or whether refinancing through Nook might open even better options for you.

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

Interest Rates at a Glance

RCBC's rate transparency is a significant advantage. When you're refinancing, knowing the exact rate upfront allows you to calculate your potential savings before you even submit an application. AUB's lack of published rates makes it harder for borrowers to comparison-shop effectively.

Monthly Payment Comparison: RCBC at 7.00% vs a Typical Existing Loan

To illustrate the potential savings from refinancing to RCBC's 7.00% rate, here's how monthly payments compare against a borrower currently paying 9.00% — which is common among Filipino homeowners who took out loans 3–5 years ago.

These figures are estimates based on standard amortization calculations and are for illustrative purposes only. Actual payments will vary based on your specific loan terms, fees, and the bank's assessment.

Eligible Borrower Types

One of RCBC's key strengths is its broad eligibility across different employment types. Whether you're a salaried employee, self-employed professional, OFW, or seafarer, RCBC has a home loan product designed for your situation.

RCBC's inclusivity is especially beneficial for OFWs and self-employed borrowers, who often face tighter restrictions at other banks. If you fall into one of these categories, RCBC is clearly the more accommodating choice among the two.

Loan Purposes: What Can You Use the Loan For?

RCBC supports a wide range of loan purposes, making it a versatile option whether you're buying, building, or refinancing.

For homeowners specifically looking to refinance, RCBC's explicit support for refinancing is a major plus. You can also explore how RCBC compares to other banks — for example, see our Bank of Commerce vs RCBC home loan comparison or our First Metro Investment vs RCBC breakdown for more context on how RCBC stacks up across the market.

Why Apply Through Nook Instead of Going Directly?

Whether you're leaning toward RCBC or still exploring your options, applying through Nook gives you a significant advantage: Nook is the Philippines' first digital mortgage broker, and its service is 100% free for borrowers.

• Access to multiple banks: Nook submits your application to multiple partner banks simultaneously, so you get the best rate available — not just RCBC's rate.
• Expert guidance: Nook's mortgage specialists guide you through every step of the process, from document preparation to approval.
• No broker fees: Banks pay Nook's commission, so you pay nothing extra.
• Faster processing: Nook's streamlined digital process helps move your application along efficiently.
• Best refinance rate: The lowest refinance rate currently available through Nook is 5.99% p.a. — significantly lower than what most Filipino homeowners are currently paying.

If you're currently paying 8%, 9%, or even 10% on your home loan, refinancing through Nook could save you tens of thousands of pesos every year. There's no reason not to check.