AUB vs BPI Home Loan: At a Glance
Asia United Bank (AUB) and BPI Family Savings Bank are both established names in Philippine home lending. But when it comes to refinancing your home loan, the differences in rates, processing timelines, and loan flexibility can have a significant impact on how much you save over the life of your loan. This comparison is designed to help you make a well-informed decision.
Note: Interest rates are subject to change. Always verify current rates directly with the bank or through a licensed broker before making a financial decision.
Interest Rate Comparison
| Fixed Period | AUB | BPI Family Savings Bank |
|---|---|---|
| 1-Year Fixed | ~7.00%–8.00% p.a.* | 6.70% p.a. |
| 5-Year Fixed | ~7.50%–8.50% p.a.* | 6.50% p.a. |
| Home Equity | Varies | 6.70% p.a. |
*AUB rates are indicative market estimates. Actual rates depend on your loan profile and may vary. BPI Family Savings Bank rates are verified Nook partner rates as of the latest available data.
On a loan of 3,000,000 pesos over 20 years, the difference between a 7.50% rate and BPI's 6.50% 5-year fixed rate is substantial. At 7.50%, your monthly amortization would be approximately 24,160 pesos. At 6.50%, it drops to approximately 22,360 pesos — a monthly saving of around 1,800 pesos, or over 21,600 pesos per year.
Loan Purpose Eligibility
One of the most important factors when comparing home loan providers is whether your specific loan purpose qualifies. Here's how AUB and BPI Family Savings Bank stack up:
| Loan Purpose | AUB | BPI Family Savings Bank |
|---|---|---|
| Refinancing | Yes | Yes |
| Ready for Occupancy (RFO) | Yes | Yes |
| Pre-Selling | Limited | Yes |
| Home Equity / Multi-Purpose | Yes | Yes |
| New Construction | Yes | Yes |
| Renovation | Yes | Yes |
| Foreclosed Properties | Selective | Yes |
| Reselling | Yes | Yes |
BPI Family Savings Bank's broad acceptance of loan purposes — including pre-selling and foreclosed properties — gives it a meaningful edge for borrowers with non-standard situations. If you're exploring how BPI compares to other banks on loan flexibility, you'll find it consistently scores well.
Borrower Eligibility
| Criteria | AUB | BPI Family Savings Bank |
|---|---|---|
| Minimum Monthly Income | ~P50,000+* | P40,000 |
| Max Debt-to-Income Ratio | ~40%* | 40% |
| Employed (Private Sector) | Yes | Yes |
| Government Employees | Yes | Yes |
| BPO Workers | Yes | Yes |
| OFW / Seafarers | Yes | Yes |
| Self-Employed | Yes | Yes |
| Professionals (Doctors, Lawyers, etc.) | Yes | Yes |
*AUB eligibility figures are indicative and subject to change. Verify directly with AUB or a licensed broker.
BPI Family Savings Bank's minimum monthly income requirement of 40,000 pesos makes it accessible to a wide range of Filipino borrowers, including those in the BPO sector and OFWs looking to refinance their home loans back in the Philippines.
Processing Time
| Bank | Typical Approval Time |
|---|---|
| AUB | 60–90 days (est.)* |
| BPI Family Savings Bank | ~52 days |
*AUB processing times are estimates based on general market data and may vary.
A faster approval timeline matters, especially if you're trying to lock in a low rate or complete a property purchase on schedule. BPI Family Savings Bank's typical approval time of around 52 days is a meaningful advantage for time-sensitive refinancing situations.
Monthly Payment Illustration
Here's how monthly amortizations compare across common loan amounts, using BPI Family Savings Bank's verified 5-year fixed rate of 6.50% p.a. vs an estimated AUB rate of 7.75% p.a., over a 20-year term:
| Loan Amount | Est. Monthly (AUB @ 7.75%) | Monthly (BPI @ 6.50%) | Monthly Savings |
|---|---|---|---|
| 1,500,000 | 12,390 | 11,180 | 1,210 |
| 3,000,000 | 24,780 | 22,360 | 2,420 |
| 5,000,000 | 41,300 | 37,270 | 4,030 |
| 8,000,000 | 66,080 | 59,630 | 6,450 |
These figures are for illustrative purposes only and assume a fixed rate for the full loan term. Actual amortizations will vary based on repricing schedules, fees, and your specific loan structure. If you want to see how BPI stacks up against other lenders, check out our BPI vs Maybank Philippines home loan comparison for another data point.
Why Apply Through Nook?
Nook is the Philippines' first digital mortgage broker, and our service is 100% free for borrowers. When you apply through Nook for a BPI Family Savings Bank home loan, you get:
- A dedicated mortgage specialist who manages your application end-to-end
- Access to Nook's panel of partner banks so you can compare offers in one place
- The best available rate from BPI Family Savings Bank — currently 6.50% p.a. on a 5-year fix
- No broker fees, ever
Whether you're refinancing an existing home loan from AUB or any other bank, Nook can help you find out if you qualify for a lower rate — at zero cost to you.
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Compare My Options →Frequently Asked Questions
What is the current home loan rate at AUB?
AUB's home loan rates are not publicly listed in real time and vary based on your loan profile, fixed period, and current market conditions. As a general estimate, AUB rates have typically ranged between 7.00% and 8.50% p.a. depending on the fixing period. We recommend contacting AUB directly or using Nook's free broker service to get a current indicative rate alongside competing offers.
What is BPI Family Savings Bank's current home loan rate?
BPI Family Savings Bank currently offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. These are verified Nook partner bank rates. Note that rates are subject to change — always confirm the current rate before submitting your application.
Can I refinance my AUB home loan with BPI Family Savings Bank?
Yes. Refinancing is one of the loan purposes accepted by BPI Family Savings Bank. If you're currently paying a higher rate on your AUB home loan, you may be eligible to refinance with BPI Family Savings Bank and reduce your monthly amortization. Nook can help you assess your eligibility and manage the entire application for free.
How long does BPI Family Savings Bank take to approve a home loan?
BPI Family Savings Bank typically approves home loan applications in approximately 52 days, subject to complete documentation and your specific loan profile. This is generally faster than many other banks in the Philippine market.
What is the minimum income requirement for BPI Family Savings Bank?
BPI Family Savings Bank requires a minimum monthly income of 40,000 pesos. This applies to employed borrowers in the private sector, government, BPO, and other eligible employment types, as well as self-employed professionals and OFWs.
Is Nook's mortgage broker service really free?
Yes, Nook's service is 100% free for borrowers. Nook earns a referral fee from the bank when your loan is successfully processed — you pay nothing extra, and the rates you receive through Nook are the same or better than going to the bank directly.
What loan purposes does BPI Family Savings Bank accept?
BPI Family Savings Bank accepts a wide range of loan purposes including refinancing, home equity, new construction, pre-selling, ready-for-occupancy (RFO) units, renovation, reselling, and foreclosed properties. This makes it one of the more flexible options in the market for borrowers with specific property needs.
How does Nook help me get the best home loan rate?
Nook works with multiple partner banks in the Philippines and submits your loan profile to the most suitable lenders based on your income, property, and financial goals. Because Nook has established relationships with banks like BPI Family Savings Bank, borrowers often receive competitive rates and faster processing compared to applying on their own. The entire service is free.