Asia United Bank vs Maybank Philippines: Home Loan Overview
Both Asia United Bank (AUB) and Maybank Philippines serve the retail home loan market, but they differ significantly in how they present their products, who they serve, and how accessible their rates are to the average borrower. This comparison focuses on what matters most: interest rates, eligibility, loan purposes, and overall borrower experience.
If you're currently paying 7% to 10% on an existing home loan, refinancing through a competitive lender could save you hundreds of thousands of pesos over the life of your loan. Nook, the Philippines' first digital mortgage broker, gives you access to Maybank's rates at no cost to you.
Interest Rate Comparison
| Fixed Period | Asia United Bank | Maybank Philippines |
|---|---|---|
| 1-Year Fixed | Not publicly disclosed | 7.00% p.a. |
| 3-Year Fixed | Not publicly disclosed | 6.99% p.a. |
| 5-Year Fixed | Not publicly disclosed | 7.50% p.a. |
| Home Equity | Not publicly disclosed | 9.88% p.a. |
Asia United Bank does not publish a standard home loan rate card on their public website. Borrowers must inquire directly, which makes it difficult to pre-qualify or compare without committing to a bank visit or application. Maybank Philippines, as a Nook partner bank, provides transparent, verified rates that allow you to estimate your monthly payments before you apply.
Important: Interest rates are subject to change without prior notice. Always verify current rates with the bank or through Nook before making a financial decision.
Monthly Payment Estimates (Maybank Philippines)
To illustrate what Maybank's rates mean in practice, here are estimated monthly amortizations for a 20-year loan term at a 3-year fixed rate of 6.99% p.a.:
| Loan Amount | Est. Monthly Payment (6.99% / 20 yrs) |
|---|---|
| 2,000,000 | approx. 15,500 |
| 4,000,000 | approx. 31,000 |
| 6,000,000 | approx. 46,500 |
| 8,000,000 | approx. 62,000 |
These are illustrative estimates only. Actual amortization will depend on your approved loan amount, term, and applicable fees. Use Nook's free calculator to get a personalized computation.
Eligibility Requirements
| Criteria | Asia United Bank | Maybank Philippines |
|---|---|---|
| Minimum Monthly Income | Not publicly disclosed | 40,000 |
| Maximum Debt-to-Income Ratio | Not publicly disclosed | 40% |
| Employment Types Accepted | Locally employed, self-employed (varies) | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional |
Maybank Philippines stands out for its broad employment eligibility — particularly for OFWs, seafarers, and BPO workers who are sometimes turned away by more conservative lenders. If you fall into one of these categories and have been uncertain about qualifying, Maybank is worth a serious look.
Accepted Loan Purposes
| Loan Purpose | Asia United Bank | Maybank Philippines |
|---|---|---|
| Ready for Occupancy (RFO) | Yes | Yes |
| Pre-Selling | Limited | Yes |
| Reselling / Assumption | Yes | Yes |
| Renovation | Yes | Yes |
| New Construction | Yes | Yes |
| Foreclosed Properties | Select only | Yes |
| Home Equity / Loan Against Property | Yes | Yes (9.88% p.a.) |
Maybank's acceptance of foreclosed property and pre-selling purchases gives it flexibility that not all banks match. If you're purchasing a foreclosed unit or a pre-selling condo, it's worth checking how other lenders handle these property types before settling on one bank.
Refinancing with Nook: Why It Matters
If you're an existing homeowner with a loan at 7.5% or higher, refinancing to Maybank's 3-year fixed rate of 6.99% p.a. could meaningfully reduce your monthly burden and total interest paid. On a 5,000,000 loan with 15 years remaining, even a 0.75 percentage point reduction in rate can translate to savings of over 300,000 pesos across the loan term.
Nook is the Philippines' first digital mortgage broker. Our service is completely free to the borrower — we earn from the bank, not from you. We compare multiple lenders, help you prepare documents, and guide you through approval. Maybank Philippines is one of our verified partner banks, meaning you can apply with confidence through our platform.
Asia United Bank is not currently a Nook partner bank. If you're seriously considering AUB, you'll need to approach them directly — which means more legwork, less transparency, and no broker support. You may also want to look at how smaller banks compare on home loan flexibility to understand the broader landscape.
Processing and Application Experience
Maybank Philippines, accessible through Nook, offers a streamlined digital application process. Nook's advisors help you gather the right documents, pre-assess your eligibility, and submit to the right bank — reducing the back-and-forth that typically slows down approvals.
Asia United Bank's home loan application is processed through their branch network or direct online application. Without a broker, borrowers are responsible for managing the entire process themselves, including chasing updates and addressing underwriting queries.
For borrowers who value speed and simplicity, the Nook + Maybank combination provides a more managed experience at no additional cost.
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Compare My Options →Frequently Asked Questions
What are Maybank Philippines' current home loan interest rates?
Maybank Philippines currently offers a 1-year fixed rate of 7.00% p.a., a 3-year fixed rate of 6.99% p.a., a 5-year fixed rate of 7.50% p.a., and a home equity rate of 9.88% p.a. These rates are verified through Nook and are subject to change — always confirm current rates before applying.
Does Asia United Bank offer competitive home loan rates?
Asia United Bank offers home loans, but they do not publicly publish a standard rate card. This means you need to inquire directly to get a quote, making it harder to compare without committing time to the application process. For a fully transparent comparison, Nook recommends speaking with a mortgage advisor who can access multiple lenders at once.
Can OFWs apply for a Maybank Philippines home loan?
Yes. Maybank Philippines accepts OFWs and seafarers as eligible borrowers, alongside locally employed, government, BPO, self-employed, and professional applicants. The minimum monthly income requirement is 40,000 pesos and the maximum debt-to-income ratio is 40%. Nook can help OFW borrowers navigate the application process remotely.
Is Nook's mortgage brokerage service really free?
Yes, Nook's service is 100% free to the borrower. Nook earns a referral fee from the bank upon successful loan disbursement — you pay nothing extra for using the service. Your loan terms and interest rate are the same whether you apply through Nook or directly with the bank.
What loan purposes does Maybank Philippines accept?
Maybank Philippines accepts a wide range of loan purposes including ready-for-occupancy (RFO) purchases, pre-selling properties, reselling, renovation, new construction, foreclosed properties, and home equity loans. This makes them one of the more versatile lenders in the market for non-standard property types.
How much can I save by refinancing from a 7.5% rate to Maybank's 6.99% rate?
On a loan of 5,000,000 pesos with 15 years remaining, refinancing from 7.5% to 6.99% p.a. could reduce your monthly payment by approximately 1,500 to 2,000 pesos and save you over 270,000 pesos in total interest over the remaining term. The exact savings depend on your outstanding balance, remaining term, and applicable refinancing fees. Use Nook's free calculator for a personalized estimate.
How does Asia United Bank compare to other mid-sized lenders?
Asia United Bank occupies a similar market position to other mid-sized Philippine banks. If you're comparing banks in this tier, it's also worth reviewing how lenders like GoTyme and SB Finance price their home loans — you can find a detailed breakdown in our GoTyme vs SB Finance home loan comparison.
What documents do I need to apply for a Maybank home loan through Nook?
Standard requirements include a valid government-issued ID, proof of income (payslips, ITR, or employment certificate), proof of billing or residence, and property documents. For self-employed borrowers, you'll typically need audited financial statements and business registration documents. Nook's advisors will give you a customized checklist based on your employment type and loan purpose.