Interest Rates Comparison
EastWest Bank (Nook Partner)
- 1-Year Fixed: 5.99%
- 3-Year Fixed: 6.25%
- 5-Year Fixed: 6.49%
- 7-Year Fixed: 7.00%
- Home Equity: 6.25%
UCPB
- Standard Home Loan: 8.50-9.50%
- Housing Loan Plus: 8.25-9.25%
- OFW Housing Loan: 8.75-9.75%
- Limited fixed-rate options
Potential savings with EastWest Bank: 2.5-3.5 percentage points lower than UCPB rates.
Monthly Payment Comparison
For a 3,000,000 loan over 20 years:
EastWest Bank at 5.99%
Monthly Payment: 21,429
Total Interest: 2,142,960
UCPB at 9.00%
Monthly Payment: 26,993
Total Interest: 3,478,320
Monthly Savings: 5,564 | Total Interest Savings: 1,335,360
Loan Requirements & Processing
| Feature | EastWest Bank | UCPB |
|---|---|---|
| Minimum Monthly Income | P40,000 | P50,000-P60,000 |
| Processing Time | 19 days | 25-35 days |
| Maximum DTI Ratio | 40% | 35% |
| Employment Types | Private, Government, BPO, OFW, Self-Employed, Professional | Private, Government, OFW (limited) |
| Loan Purposes | Refinancing, Home Equity, New Construction, RFO, Pre-Selling, Renovation | Refinancing, Home Purchase (limited options) |
Why Choose EastWest Bank Through Nook
- Market-leading rates: Starting at 5.99%, significantly lower than UCPB
- Fast approval: 19-day typical processing vs UCPB's longer timelines
- Accessible requirements: P40,000 minimum income vs UCPB's higher thresholds
- Flexible loan purposes: Comprehensive coverage including home equity and renovation
- Free broker service: Nook handles your application at no cost
- Expert guidance: Professional support throughout the refinancing process
Ready to explore better rates? Learn more about EastWest Bank's complete loan offerings and discover how much you could save.
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Compare My Options →Frequently Asked Questions
What's the main difference between EastWest Bank and UCPB home loan rates?
EastWest Bank offers significantly lower rates starting at 5.99% through Nook, while UCPB typically charges 8.50-9.50%. This translates to thousands in monthly savings and hundreds of thousands in total interest savings over the loan term.
Which bank has faster loan processing for refinancing?
EastWest Bank processes loans in approximately 19 days, considerably faster than UCPB's 25-35 day processing time. This means you can start enjoying lower monthly payments sooner with EastWest Bank.
Are the income requirements different between these banks?
Yes, EastWest Bank has more accessible requirements with a P40,000 minimum monthly income, while UCPB typically requires P50,000-P60,000. EastWest Bank also accepts a wider range of employment types including BPO workers and self-employed professionals.
Can I refinance my existing UCPB loan with EastWest Bank?
Absolutely! Many homeowners successfully refinance their UCPB loans with EastWest Bank to take advantage of lower interest rates. Nook can help you navigate this process for free, potentially saving you significant money over your loan term.
What loan amounts do these banks typically approve for refinancing?
Both banks can handle substantial loan amounts, typically ranging from 1,500,000 to 10,000,000 or more. EastWest Bank through Nook often provides more competitive rates across all loan sizes, making it attractive for both smaller and larger refinancing needs.
Is it free to apply for refinancing through Nook?
Yes, Nook's broker services are completely free to borrowers. We help you compare rates, prepare your application, and guide you through the entire refinancing process with EastWest Bank at no cost to you.