Asia United Bank vs Maya Bank: Home Loan Overview
Asia United Bank (AUB) is one of the Philippines' mid-sized universal banks with a solid track record in retail lending, including home loans for property purchase and refinancing. Maya Bank, formerly PayMaya's banking arm, is a digital bank licensed by the Bangko Sentral ng Pilipinas (BSP) that has focused primarily on personal loans, savings, and payments — its mortgage product lineup is limited compared to traditional banks.
If you are currently paying 7% to 10% per annum on your existing home loan and exploring a refinance, understanding exactly what each bank offers is essential before making a decision. You may also want to read our comparison of Asia United Bank vs Tonik home loan rates to see how AUB stacks up against another digital challenger.
Interest Rates Compared
| Feature | Asia United Bank | Maya Bank |
|---|---|---|
| Indicative Home Loan Rate | ~7.00%–8.50% p.a. | Not publicly offered for home loans |
| Rate Type | Fixed for 1, 2, 3, or 5 years; repriced thereafter | N/A |
| Best Rate via Nook | 5.99% p.a. (across Nook's panel of lenders) | |
Asia United Bank publishes competitive indicative rates, though the exact rate you qualify for will depend on your loan-to-value ratio, income profile, and the fixing period you choose. Maya Bank, as of this writing, does not offer a publicly available home loan or refinance product — their lending focus has been on short-term personal and business loans within their app ecosystem.
This means that if you are considering Maya Bank for a home loan refinance, you may be looking at an empty shelf. AUB, by contrast, has a functioning refinance program you can apply for today.
Loan Terms and Eligibility
| Feature | Asia United Bank | Maya Bank |
|---|---|---|
| Minimum Loan Amount | ~1,500,000 | Not applicable for home loans |
| Maximum Loan Amount | Up to 80% of appraised property value | Not applicable for home loans |
| Loan Tenure | Up to 20 years | Not applicable for home loans |
| Eligible Borrowers | Filipino citizens and qualified aliens; employed or self-employed | Maya Bank customers (personal loans only) |
| Refinancing Available | Yes | No home loan refinancing offered |
Fees and Charges
| Fee | Asia United Bank | Maya Bank |
|---|---|---|
| Processing Fee | Applicable; amount disclosed upon application | Not applicable |
| Appraisal Fee | Applicable | Not applicable |
| Pre-termination Fee | Typically applies within fixed-rate period | Not applicable |
| Annual Fee | None (no credit card equivalent) | Not applicable |
For AUB, the full schedule of fees will be disclosed during your loan application process. When comparing across multiple banks, these fees can significantly affect the true cost of refinancing. This is one reason many borrowers use Nook — our platform presents the all-in cost of refinancing across lenders so you can make a fair comparison. For a broader look at how digital banks compare on fees, see our article on CIMB vs PBCOM home loan rates.
Sample Monthly Savings: Refinancing with AUB vs. Staying Put
To illustrate potential savings, here is a comparison for a homeowner with an outstanding balance of 3,000,000 and 20 years remaining on their loan.
| Scenario | Rate | Est. Monthly Payment | Total Interest (20 yrs) |
|---|---|---|---|
| Current loan (typical bank rate) | 9.00% p.a. | ~26,992 | ~3,478,000 |
| Refinance to AUB | ~7.50% p.a. | ~24,168 | ~2,800,000 |
| Refinance via Nook (best rate) | 5.99% p.a. | ~21,491 | ~2,158,000 |
Moving from 9.00% to 5.99% on a 3,000,000 loan over 20 years saves approximately 1,320,000 in total interest — that is a meaningful difference for any Filipino family. Even refinancing to AUB's indicative rate of around 7.50% represents a saving of roughly 678,000 over the life of the loan. The key is to shop across multiple lenders, which is exactly what Nook does for you at no cost.
Digital Experience and Customer Service
| Feature | Asia United Bank | Maya Bank |
|---|---|---|
| Online Application | Available via AUB website | App-based (for eligible loan products) |
| Branch Network | Nationwide branch presence | Branchless / fully digital |
| Loan Tracking | Online banking portal | Maya app |
| Customer Support | Branch, hotline, and online | In-app chat and email |
Maya Bank's digital experience is polished and modern, but the absence of a home loan product makes it irrelevant for this comparison in practical terms. AUB offers a more traditional banking experience with the branch support that many borrowers find reassuring during a major financial transaction like refinancing.
Which Bank Should You Choose?
If you are specifically comparing Asia United Bank and Maya Bank for a home loan or refinance, the answer is straightforward: Asia United Bank is the only viable option of the two for mortgage purposes. Maya Bank does not currently offer home loans or refinancing.
That said, choosing AUB without comparing other lenders could mean leaving money on the table. The Philippine home loan market is competitive, and rates vary significantly across banks. Nook aggregates offers from BDO, BPI, Metrobank, Security Bank, RCBC, EastWest Bank, Chinabank, PNB, and more — giving you a complete picture in one place without requiring you to apply separately to each bank.
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Compare My Options →Frequently Asked Questions
Does Maya Bank offer home loans in the Philippines?
As of this writing, Maya Bank does not offer home loans or home loan refinancing in the Philippines. Maya Bank is a BSP-licensed digital bank focused primarily on savings accounts, personal loans, and payment services. If you are looking to refinance your home loan, you will need to consider other banks such as Asia United Bank or use a broker like Nook to compare multiple lenders at once.
What are Asia United Bank's current home loan interest rates?
Asia United Bank's home loan rates typically fall in the range of 7.00% to 8.50% per annum depending on the fixing period chosen and the borrower's credit profile. Rates are fixed for an initial period of 1, 2, 3, or 5 years and then repriced. To get an exact quote, you can apply directly with AUB or let Nook request offers from AUB and other banks on your behalf — for free.
Can I refinance my home loan with Asia United Bank?
Yes, Asia United Bank accepts home loan refinancing applications. You can refinance your existing mortgage from another bank to AUB, potentially securing a lower interest rate and reducing your monthly payments. The typical maximum loan-to-value ratio for refinancing is 80% of the appraised value of the property, and loan terms of up to 20 years are available.
What is the minimum loan amount for an Asia United Bank home loan?
Asia United Bank's home loan minimum is approximately 1,500,000 pesos. This applies to both new home purchases and refinancing of existing mortgages. If your outstanding loan balance is below this threshold, you may need to explore other lenders — Nook can help you identify which banks accommodate smaller loan amounts.
How much can I save by refinancing my home loan through Nook?
Savings depend on your current rate, outstanding balance, and remaining term, but the potential is significant. For example, a homeowner with an outstanding balance of 3,000,000 and 20 years remaining who refinances from 9.00% to 5.99% per annum could save approximately 1,320,000 in total interest over the life of the loan — or roughly 5,500 per month in reduced payments. Nook's service is 100% free to borrowers.
Is Nook free to use for home loan refinancing comparisons?
Yes, Nook's service is completely free for borrowers. Nook is compensated by the lending banks, not by you. This means you can compare offers from multiple Philippine banks, get expert guidance, and submit your application — all at zero cost. There are no hidden fees or obligations.
What documents do I need to refinance my home loan in the Philippines?
Standard documents for a home loan refinance in the Philippines include a valid government-issued ID, proof of income (payslips or ITR for the past 2 years), a copy of your existing loan statement of account, the Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT) of the property, and a tax declaration. Specific requirements may vary by bank. Nook will guide you through the document checklist for each lender you apply to.