AUB vs EastWest Bank: Home Loan Rate Comparison
Both Asia United Bank (AUB) and EastWest Bank offer home loan and refinancing products to Filipino borrowers, but there are meaningful differences in their rates, eligibility criteria, and loan features. Below is a side-by-side look at what each bank offers.
| Feature | AUB | EastWest Bank |
|---|---|---|
| 1-Year Fixed Rate | ~7.00%–8.00% p.a.* | 5.99% p.a. |
| 3-Year Fixed Rate | ~7.25%–8.25% p.a.* | 6.25% p.a. |
| 5-Year Fixed Rate | ~7.50%–8.50% p.a.* | 6.49% p.a. |
| 7-Year Fixed Rate | ~8.00%–9.00% p.a.* | 7.00% p.a. |
| Home Equity Rate | Varies* | 6.25% p.a. |
| Minimum Monthly Income | ~P50,000* | P40,000 |
| Typical Approval Time | 30–45 days* | ~19 days |
| Max DTI Ratio | ~35%* | 40% |
| Nook Partner Bank | No | Yes |
*AUB rates and eligibility figures are indicative estimates based on publicly available information and may not reflect current offers. Always verify directly with AUB. EastWest Bank rates are verified as of the latest update — subject to change without prior notice.
Monthly Payment Comparison: Who Saves More?
To illustrate the real-world difference, here's how monthly repayments compare on a 3,000,000 home loan over 20 years at the 1-year fixed rate for each bank:
AUB (Est. 7.50% p.a.)
~23,260/month
Total interest paid over 20 years: ~2,582,400
EastWest Bank (5.99% p.a.)
~21,478/month
Total interest paid over 20 years: ~2,154,720
That's a potential saving of approximately 1,782/month or over 427,000 across the life of the loan — simply by refinancing to EastWest Bank through Nook. And Nook's service is completely free for borrowers.
If you're currently paying above 7% with any lender, it's worth checking out how EastWest Bank compares to Pag-IBIG as well, since many borrowers hold loans with either institution.
Eligible Borrower Profiles
One key difference between AUB and EastWest Bank is how they assess borrower eligibility. EastWest Bank has a broader set of accepted employment types, making it more accessible to a wider range of Filipinos.
AUB
- Primarily targets salaried employees and self-employed professionals
- Higher minimum income threshold (est. P50,000/month)
- Stricter DTI ratio requirements
- Limited OFW and BPO-specific programs
EastWest Bank
- Accepts Private Employees, Government Workers, BPO Professionals
- OFW and Seafarer-friendly policies
- Self-Employed and Licensed Professionals welcome
- Minimum monthly income of just P40,000
- Max DTI of 40%, giving more flexibility
Loan Purposes Supported
EastWest Bank supports a comprehensive range of loan purposes, which is especially useful for borrowers who may need more than a standard home purchase loan. AUB covers the basics but may have more limited options for specialized needs like home equity or renovation financing.
| Loan Purpose | AUB | EastWest Bank |
|---|---|---|
| Home Purchase (RFO) | ✓ | ✓ |
| Pre-Selling | ✓ | ✓ |
| Refinancing | ✓ | ✓ |
| Home Equity / Loan Against Property | Limited* | ✓ |
| Renovation | Limited* | ✓ |
| New Construction | ✓ | ✓ |
| Foreclosed Properties | Limited* | ✓ |
| Reselling | ✓ | ✓ |
*AUB loan purpose availability is indicative. Please verify directly with AUB for your specific situation.
For a deeper look at how EastWest Bank stacks up in other comparisons, see our analysis of EastWest Bank vs First Metro Investment.
Why Apply Through Nook Instead of Going Direct?
Whether you're leaning toward EastWest Bank or still weighing your options, applying through Nook gives you advantages that going directly to a bank simply can't match:
- 100% Free: Nook's broker service costs borrowers nothing — the bank pays us, not you.
- Multi-bank access: Nook shops your application across multiple lenders so you get the best available rate.
- Expert guidance: Our mortgage specialists guide you through every step of the process.
- Faster processing: We help you prepare a complete application so banks can approve faster.
- No obligation: Get a rate comparison with zero commitment required.
EastWest Bank's 5.99% p.a. rate is currently the lowest available through Nook — and it's only available when you apply through us as a verified partner broker.
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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, but based on available market data, their rates are estimated to range from approximately 7.00% to 9.00% p.a. depending on the fixed-rate period. We recommend contacting AUB directly or using Nook to compare current offers across multiple banks, including EastWest Bank's verified 5.99% p.a. 1-year fixed rate.
What is EastWest Bank's lowest home loan rate?
EastWest Bank's lowest available home loan rate through Nook is 5.99% p.a. on a 1-year fixed term. This is one of the most competitive rates currently available in the Philippine market. Rates are subject to change, so we recommend checking with Nook for the latest verified offer.
How much can I save by refinancing from AUB to EastWest Bank?
Savings depend on your current rate, loan balance, and remaining term. As a general example: on a 3,000,000 loan over 20 years, moving from a 7.50% rate to EastWest Bank's 5.99% rate could save you approximately 1,782 per month and over 427,000 in total interest. Use Nook's free refinance calculator to get a personalized estimate.
Is EastWest Bank good for refinancing?
Yes. EastWest Bank is one of Nook's verified partner banks and supports refinancing as a loan purpose. With a 5.99% p.a. 1-year fixed rate, a 19-day typical approval time, and flexible eligibility for various employment types including OFWs, BPO workers, and self-employed borrowers, EastWest Bank is a strong choice for homeowners looking to reduce their monthly payments through refinancing.
Can OFWs apply for a home loan through EastWest Bank?
Yes. EastWest Bank accepts OFW and Seafarer applicants as eligible borrowers. This makes it a particularly accessible option for Filipino workers abroad who want to purchase or refinance a property in the Philippines. Nook can assist OFW applicants with the entire process remotely and at no cost.
How does AUB compare to EastWest Bank for home equity loans?
EastWest Bank offers a dedicated home equity loan product at 6.25% p.a. AUB's home equity offerings are more limited based on available information. If you're looking to borrow against the value of your existing property, EastWest Bank through Nook may be the more straightforward and cost-effective option.
Is Nook's service really free?
Yes, completely. Nook is a mortgage broker that is compensated by the banks, not by borrowers. You pay nothing to use Nook's service — not for the rate comparison, the application assistance, or the broker support. You simply get access to better rates and expert help at zero additional cost.
What documents do I need to apply for a home loan refinance through Nook?
Standard documents typically include a valid government-issued ID, proof of income (payslips or ITR), a copy of your existing loan statement, and property documents such as the Transfer Certificate of Title (TCT) and tax declaration. Nook's team will provide you with a complete checklist based on your specific situation and the bank you're applying to.