AUB vs BDO Home Loan: Side-by-Side Rate Comparison
When comparing AUB vs BDO home loan options, the interest rate is usually the first thing borrowers look at — and for good reason. Even a 0.50% difference on a 3,000,000 loan over 20 years can mean paying over 180,000 more in total interest. Here's how the two banks compare on headline rates.
| Feature | AUB | BDO (Nook Partner) |
|---|---|---|
| 1-Year Fixed Rate | ~7.00% – 8.50% p.a. | 6.00% p.a. |
| Home Equity / Refinancing | Available | 6.00% p.a. |
| Minimum Loan Amount | ~1,000,000 | 1,000,000 |
| Maximum Loan Amount | Up to 80% of appraised value | Up to 80% of appraised value |
| Loan Terms | Up to 20 years | Up to 25 years |
| Minimum Monthly Income | ~40,000 | 50,000 |
| Typical Approval Time | ~4–6 weeks | ~30 days |
| Apply via Nook (Free) | Not available | Yes |
Note: AUB rates shown are indicative market estimates. BDO rates are verified Nook partner rates as of the latest update. All rates are subject to change — verify current rates before proceeding.
Monthly Payment Comparison: 3,000,000 Home Loan
To make the rate difference tangible, here's what a borrower with a 3,000,000 refinance loan would pay monthly and over the full loan term under each bank's indicative 1-year fixed rate, assuming a 20-year term.
| Scenario | AUB (~7.50% p.a.) | BDO (6.00% p.a.) |
|---|---|---|
| Monthly Payment | ~24,120 | ~21,490 |
| Annual Payment | ~289,440 | ~257,880 |
| Total Interest Over 20 Years | ~2,865,600 | ~2,157,600 |
| Estimated Savings with BDO | — | ~708,000 over 20 years |
That's a potential saving of over 700,000 pesos over the life of the loan — simply by refinancing to BDO's lower rate through Nook. And because Nook's service is 100% free to borrowers, there's no downside to finding out if you qualify.
Eligibility Requirements: Who Can Apply?
Both AUB and BDO serve a wide range of borrower profiles, but their specific requirements differ. Here's a quick breakdown of who each bank typically accepts for home loan and refinancing applications.
| Requirement | AUB | BDO (Nook Partner) |
|---|---|---|
| Employment Types | Employed, Self-Employed | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional |
| Min. Monthly Income | ~40,000 | 50,000 |
| Min. Age | 21 years old | 21 years old |
| Max. Age at Loan Maturity | 65 years old | 70 years old |
| Filipino Citizenship | Required (resident) | Filipino citizens and resident foreigners |
| OFW Borrowers | Limited | Yes — OFW/Seafarer accepted |
BDO's broader acceptance of employment types — particularly OFWs, seafarers, and BPO employees — makes it more accessible for a wider range of Filipino borrowers. If you're comparing options across multiple major lenders, you may also want to read our guide on BDO vs Security Bank home loan rates for another competitive benchmark.
Loan Purposes: What Can You Use the Loan For?
Both banks offer home loans for a variety of purposes, but BDO's product range — accessible through Nook — covers a comprehensive set of needs for Filipino homeowners and investors.
| Loan Purpose | AUB | BDO (Nook Partner) |
|---|---|---|
| Refinancing | Yes | Yes — 6.00% p.a. |
| Home Equity / Cash Out | Yes | Yes — 6.00% p.a. |
| Ready For Occupancy (RFO) | Yes | Yes |
| Pre-Selling | Limited | Yes |
| New Construction | Yes | Yes |
| Renovation | Limited | Yes |
| Foreclosed Properties | Limited | Yes |
| Reselling | Yes | Yes |
Fees and Charges to Watch Out For
Beyond the interest rate, home loan fees can add up quickly. Processing fees, appraisal costs, and early repayment penalties all affect the true cost of your loan. Here's a general comparison — always confirm current fees directly with the bank before signing.
| Fee Type | AUB | BDO (Nook Partner) |
|---|---|---|
| Processing Fee | ~10,000 – 15,000 | Varies by loan amount |
| Appraisal Fee | ~3,500 – 5,000 | ~3,500 – 5,500 |
| Documentary Stamp Tax | Borrower's account | Borrower's account |
| Mortgage Registration | Borrower's account | Borrower's account |
| Early Repayment Penalty | May apply within fixed period | May apply within fixed period |
| Broker Fee (via Nook) | N/A | Free — Nook charges you nothing |
One major advantage of applying through Nook is that the entire broker service is free to you. Nook is compensated by the bank, not the borrower, so you get expert guidance, document support, and bank negotiation at no additional cost.
Why Apply Through Nook Instead of Going Directly?
Many borrowers wonder if going directly to BDO or AUB is faster or cheaper than using a mortgage broker. The answer is: using Nook is just as fast, completely free, and significantly more powerful — because Nook can compare multiple banks on your behalf and submit to the best fit for your profile.
- Access to the best available rates: Nook's current best refinance rate is 5.99% p.a. — lower than most advertised bank rates.
- Multiple bank options: Instead of applying to one bank and waiting, Nook evaluates your profile across partner banks simultaneously.
- Zero broker fees: Nook is 100% free to borrowers. The bank pays Nook's fee.
- Expert guidance: Nook's specialists help you prepare documents, understand your options, and avoid costly mistakes.
- Faster approvals: BDO approvals through Nook typically take around 30 days.
Curious how BDO stacks up against other government and private banks? Check out our comparison of BDO vs Landbank home loan rates to see if a government bank might be a better fit for your situation.
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Compare My Options →Frequently Asked Questions
What is the current home loan interest rate at BDO?
BDO's current 1-year fixed home loan rate, available through Nook, is 6.00% p.a. This applies to both purchase and refinancing loans including home equity products. Rates are subject to change, so it's best to confirm the latest rates through Nook before applying.
How does AUB's home loan rate compare to BDO?
AUB's indicative home loan rates are generally in the 7.00% to 8.50% p.a. range for 1-year fixed periods, which is higher than BDO's verified partner rate of 6.00% p.a. The difference can result in significantly higher monthly payments and total interest over the life of the loan.
Can I refinance my AUB home loan with BDO?
Yes. If you currently have a home loan with AUB and are paying a higher interest rate, you can refinance with BDO through Nook. Nook will assess your current loan, property value, and financial profile to determine if refinancing makes sense — and how much you could save. The service is completely free.
How much can I save by switching from AUB to BDO?
Based on a 3,000,000 loan over 20 years, switching from an AUB rate of approximately 7.50% p.a. to BDO's 6.00% p.a. could save you around 2,630 per month and approximately 708,000 over the full loan term. Use Nook's free refinancing calculator to estimate your specific savings.
Is Nook's mortgage brokering service really free?
Yes, completely free. Nook is compensated by the bank when your loan is successfully processed. You pay nothing to Nook for its broker, comparison, or application assistance services. This is the standard model for licensed mortgage brokers in the Philippines.
Does BDO accept OFW applicants for home loans?
Yes. BDO accepts OFW and seafarer applicants for home loans, including refinancing. This is one advantage BDO has over some other banks that have more restricted OFW policies. Nook can help OFW borrowers navigate the documentation requirements for a smoother application process.
What documents do I need to refinance with BDO through Nook?
Typically you will need: a valid government-issued ID, proof of income (payslips, ITR, or business financials), a copy of your existing loan statement, the Transfer Certificate of Title (TCT) of the property, and a tax declaration. Nook's team will guide you through exactly what's needed based on your employment type and loan details.
How long does it take to refinance with BDO through Nook?
BDO's typical loan approval timeline is approximately 30 days from submission of complete documents. Nook helps you prepare a complete and accurate application from the start, which minimizes back-and-forth and helps avoid delays.