Many AUB borrowers are paying 8% or more on their home loan — refinancing through Nook could cut your monthly payment by thousands, completely free.
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No commitment. No credit check. Just your numbers.
Why this matters
Asia United Bank (AUB) offers home loans across the Philippines with competitive introductory rates, but like most Philippine banks, those rates reprice after your fixed-rate period ends — often resetting to 7.5% to 9% or higher depending on market conditions at the time. If you took out your AUB home loan more than two or three years ago, there's a strong chance your current rate no longer reflects the best available pricing in the market. Understanding current mortgage interest rates in the Philippines is the first step to knowing whether you're overpaying.
Refinancing your AUB home loan means replacing your existing loan with a new one — ideally at a lower interest rate — either with AUB itself or with another bank. Through Nook, you can compare offers from over a dozen Philippine banks in one place, including BDO, BPI, Security Bank, RCBC, and more. Nook's lowest available refinance rate is currently 5.99% p.a., and on a 3,000,000 peso loan over 20 years, the difference between 8.25% and 5.99% is more than 3,500 pesos every single month. That's real money back in your pocket — every month, for years.
The good news is that Nook's service is 100% free for borrowers. We don't charge application fees, processing fees, or broker commissions. You simply tell us about your current loan, we match you with the best available offer, and we handle the paperwork and bank coordination on your behalf. If you're considering other banks alongside AUB, it's worth reviewing what BPI's housing loan requirements look like — BPI is one of the most active refinancing lenders in the country and frequently offers sharp rates for borrowers with good payment history.
How it works
Enter your loan details into our calculator. Instantly see what banks are offering right now and how much you'd save each month. No personal information required.
If the numbers make sense, book a free call. Your consultant compares offers from 15+ banks — something that would take you weeks to do on your own — and recommends the best option for your situation.
We manage the entire application, documentation, and bank coordination. You sign where we tell you. Your new lower payment starts next month. Nook's service is completely free — we're paid by the receiving bank.
Common questions
AUB typically offers fixed-rate periods of 1, 2, 3, or 5 years, with rates generally ranging from around 7% to 9.5% depending on the fixing period and your loan profile. After the fixed period ends, your rate reprices based on AUB's prevailing rates at that time, which can push your monthly payments significantly higher. It's worth checking your loan documents to confirm when your next repricing date is.
Yes — you are free to refinance your AUB home loan with any other bank in the Philippines, as long as you settle the outstanding balance and any applicable pre-termination fees. Pre-termination fees typically apply if you refinance during or shortly after your fixed-rate period, so timing your switch matters. Nook can help you calculate whether the savings from a lower rate outweigh any exit costs.
Most banks require you to be a Filipino citizen (or a qualified foreign national), between 21 and 65 years old at loan maturity, with a stable income and a clean credit history. You'll also need to provide your latest payslips or ITR, a copy of your existing loan statement, and your property's Transfer Certificate of Title (TCT). Nook walks you through the exact checklist once we know which bank you're applying to — similar requirements apply at other lenders, as outlined in our RCBC housing loan requirements guide.
The savings depend on your outstanding balance, remaining term, and the rate difference between your current loan and the new offer. On a 3,000,000 peso loan with 20 years remaining, switching from 8.25% to 5.99% saves approximately 3,507 pesos per month — or over 630,000 pesos across the life of the loan. Use Nook's free calculator to get a personalised estimate based on your actual figures.
From application to loan release, refinancing typically takes 4 to 8 weeks in the Philippines, depending on the bank and how quickly documents are submitted. Nook speeds up the process by preparing your file correctly from the start and liaising directly with the bank on your behalf. Most borrowers find the process much smoother than applying on their own.
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