Asia United Bank vs Metrobank: Home Loan Overview
Asia United Bank (AUB) and Metrobank are both well-established Philippine banks offering home loan and refinancing products. Metrobank is one of the country's largest universal banks with a wide branch network and a long track record in mortgage lending. Asia United Bank, while smaller, has built a reputation for competitive banking products and growing digital capabilities.
For homeowners considering refinancing, the key variables are the interest rate, loan-to-value ratio, fixing periods, processing fees, and overall flexibility. Below, we compare both banks across these dimensions using publicly available information. Note: All rates shown are approximate, based on publicly available information, and are subject to change. Always verify current rates directly with each bank.
Interest Rates Compared
| Feature | Asia United Bank | Metrobank | Nook (Best Available) |
|---|---|---|---|
| Indicative Rate (1-yr fix) | ~7.50% – 8.50% p.a. | ~7.25% – 8.75% p.a. | From 5.99% p.a. |
| Indicative Rate (3-yr fix) | ~8.00% – 9.00% p.a. | ~7.75% – 9.25% p.a. | Competitive fixed options |
| Indicative Rate (5-yr fix) | ~8.50% – 9.50% p.a. | ~8.25% – 9.75% p.a. | Competitive fixed options |
| Rate Transparency | Inquire at branch | Inquire at branch | Verified, upfront rates |
Disclaimer: Rates above are approximate ranges based on publicly available information as of the time of writing. Actual rates will vary based on loan amount, term, LTV ratio, and borrower profile. Contact each bank directly for a formal quote.
To see how Metrobank compares against other lenders, you may also want to read our BDO vs Metrobank home loan comparison for additional context.
Monthly Repayment Comparison
To illustrate the real-world impact of rate differences, here's how monthly repayments compare on a 3,000,000 peso home loan over 20 years at different indicative rates:
| Interest Rate | Lender | Est. Monthly Repayment | Total Interest Paid |
|---|---|---|---|
| 5.99% p.a. | Nook (Best Rate) | ~21,486 | ~2,156,640 |
| 7.50% p.a. | AUB (indicative low) | ~24,168 | ~2,800,320 |
| 8.50% p.a. | AUB/Metro (indicative mid) | ~26,052 | ~3,252,480 |
| 9.50% p.a. | AUB/Metro (indicative high) | ~27,994 | ~3,718,560 |
On a 3,000,000 peso loan, refinancing from 8.50% to 5.99% could save you approximately 643,840 pesos in total interest over 20 years — or roughly 2,566 pesos per month in repayment savings. That's a meaningful difference in your household budget.
Loan Features and Eligibility
| Feature | Asia United Bank | Metrobank |
|---|---|---|
| Minimum Loan Amount | ~500,000 | ~500,000 |
| Maximum Loan Amount | Up to 80% of appraised value | Up to 80% of appraised value |
| Loan Term | Up to 20 years | Up to 25 years |
| Eligible Borrowers | Filipino citizens, some OFWs | Filipino citizens, OFWs, some foreigners |
| Property Types | House & lot, condo, vacant lot | House & lot, condo, townhouse, vacant lot |
| Refinancing Available | Yes | Yes |
Metrobank has a slight edge in maximum loan term (25 vs 20 years) and its larger network may mean more accessible branch support. However, a longer loan term means more total interest paid, so it's important to weigh convenience against cost.
Fees and Charges
| Fee | Asia United Bank | Metrobank |
|---|---|---|
| Processing Fee | Varies (inquire at branch) | Varies (inquire at branch) |
| Appraisal Fee | Charged to borrower | Charged to borrower |
| Documentary Stamp Tax | Borrower's account | Borrower's account |
| Mortgage Registration Fee | Borrower's account | Borrower's account |
| Early Repayment Penalty | May apply within fixing period | May apply within fixing period |
| Broker Fee (via Nook) | Free to borrower | Free to borrower |
Fees are indicative. Always request a full breakdown from the bank before signing any loan documents.
Application Process
Asia United Bank typically requires borrowers to visit a branch or contact a loan officer to begin the application process. Document requirements are standard and include proof of income, property documents, and government-issued IDs. Processing times can vary based on branch workload and document completeness.
Metrobank has a more established home loan infrastructure, with dedicated mortgage specialists available at major branches. They also offer an online inquiry form, though the full process still requires in-person steps and document submission. For context on how Metrobank compares to another mid-tier lender, see our First Metro Investment vs Metrobank comparison.
Refinancing through Nook gives you a single streamlined application that lets you compare verified offers from multiple lenders simultaneously — without visiting multiple branches or repeating your documents. Nook's service is 100% free to borrowers.
Who Should Consider Each Option?
- Asia United Bank may suit existing AUB customers who want to consolidate their banking relationship, or borrowers in areas where AUB has a strong local presence.
- Metrobank may be appropriate for borrowers who value a large nationwide network, an established mortgage track record, and flexibility in loan terms up to 25 years.
- Nook is the best starting point for any borrower who wants to ensure they are getting the most competitive rate available in the market — particularly those currently paying 7% or higher who could benefit significantly from refinancing.
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Compare My Options →Frequently Asked Questions
How do Asia United Bank and Metrobank home loan rates compare?
Both banks offer home loan rates that typically fall in the 7% to 9.5% range depending on fixing period, loan amount, and borrower profile. These are approximate figures based on publicly available information and are subject to change. For the most accurate rates, contact each bank directly — or use Nook to compare verified rates from multiple lenders at once, with rates starting from 5.99% p.a.
Can I refinance my existing home loan from Asia United Bank or Metrobank through Nook?
Yes. Nook helps Filipino homeowners refinance their existing home loans regardless of which bank currently holds their mortgage. If you're paying more than 5.99% p.a., there's a good chance you could save money by refinancing. Nook's service is completely free to borrowers.
How much can I save by refinancing at 5.99% instead of 8.50%?
On a 3,000,000 peso loan over 20 years, refinancing from 8.50% to 5.99% p.a. could reduce your monthly repayment by approximately 2,566 pesos and save you around 643,840 pesos in total interest over the life of the loan. The exact savings depend on your outstanding balance, remaining term, and the rate you qualify for.
Which is better for home loans — Asia United Bank or Metrobank?
Metrobank has a broader national footprint and offers loan terms up to 25 years, which may suit some borrowers. Asia United Bank may appeal to those who already bank with AUB or are in areas where it has a strong presence. However, neither bank may offer the most competitive rate available. Using a free broker like Nook lets you compare both banks and others simultaneously to find your best option.
What documents do I need to refinance a home loan in the Philippines?
Standard documents include valid government-issued ID, proof of income (payslips, ITR, or audited financial statements for self-employed borrowers), a copy of your Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT), a tax declaration, and your existing loan statement of account. Nook can guide you through the exact requirements based on your situation.
Does Nook charge borrowers a fee for refinancing assistance?
No. Nook's mortgage brokerage service is 100% free to the borrower. Nook is compensated by the lending bank upon successful loan disbursement, meaning you get expert guidance and access to competitive rates at no cost to you.
Are the rates shown for Asia United Bank and Metrobank guaranteed?
No. The rates shown for both Asia United Bank and Metrobank are approximate ranges based on publicly available information at the time of writing. Actual rates depend on your loan amount, term, LTV ratio, and creditworthiness. Rates are subject to change without notice. Always verify directly with the bank or through a licensed broker like Nook before making a decision.