Asia United Bank vs PNB

Asia United Bank vs PNB Home Loan: Side-by-Side Comparison

Below is a general comparison of Asia United Bank (AUB) and Philippine National Bank (PNB) home loan products. Please note that both banks' rates are based on publicly available information and are approximate — actual rates may vary depending on your loan amount, tenure, and credit profile. Always verify current rates directly with the bank.

Rates shown are approximate and based on publicly available information. They are subject to change without notice. Contact the respective banks for their latest offers.

About Asia United Bank Home Loans

Asia United Bank (AUB) is a listed commercial bank in the Philippines offering a range of retail banking products including home loans. AUB's home loan product is designed for property purchases, house construction, and refinancing of existing mortgages. Their lending rates are generally competitive within the mid-tier commercial bank range.

AUB home loans are available for the purchase of house and lot, condominium units, and vacant lots. Borrowers can also use AUB home loans to refinance an existing mortgage from another institution. Key things to know about AUB:

• Fixed rate periods of 1, 2, 3, and 5 years are typically available, after which rates reprice to prevailing market rates.
• Loan-to-value (LTV) ratio of up to 80% for residential properties.
• Borrowers must be between 21 and 65 years of age at loan maturity.
• Documentary requirements include proof of income, property documents, and valid government IDs.
• AUB does not have as wide a branch network as the largest Philippine banks, which may affect accessibility for some borrowers.

Because AUB is not among the largest banks in the Philippines, fewer Filipinos may be familiar with their home loan offerings compared to PNB or the big universal banks. It is worth getting a formal quotation from AUB if you already bank with them or have an existing relationship.

About PNB Home Loans

Philippine National Bank (PNB) is one of the Philippines' largest and most established banks, with a strong history in retail and commercial lending. PNB offers home loans for property acquisition, construction, home improvement, and refinancing. PNB is particularly popular among OFWs (Overseas Filipino Workers), given its extensive global branch and remittance network.

Key things to know about PNB home loans:

• Indicative rates generally range from around 7.00% to 9.50% p.a. depending on the fixed rate period chosen, though these are subject to change.
• Fixed rate periods of 1, 2, 3, 5, and 10 years are available — the 10-year fixed option provides more long-term certainty than many competitors.
• Loan amounts typically range from 500,000 up to 80% of the appraised property value.
• Loan tenure of up to 20 years.
• OFW borrowers are eligible, with a designated process for overseas applicants.
• PNB has a wide branch network and a long track record, which can make the application process more accessible.

PNB's main competitive advantage is its broad reach and OFW-friendly processes. However, like most traditional banks, their advertised rates may not always be the lowest available in the market. For an independent comparison of PNB against other lenders, you may also want to read our Pag-IBIG vs PNB home loan comparison to see how PNB stacks up against government-backed financing.

Monthly Payment Comparison: AUB vs PNB vs Nook's Best Rate

To illustrate the real-world impact of interest rate differences, here's how monthly repayments compare across three scenarios for a 3,000,000 home loan over 20 years (240 months):

Potential savings with Nook vs AUB: approximately 3,602 per month, or 864,480 over the full 20-year term.
Potential savings with Nook vs PNB: approximately 4,544 per month, or 1,090,560 over the full 20-year term.

Monthly payment estimates are for illustrative purposes only, based on a fully amortizing loan. Actual payments will depend on your specific loan terms, fees, and the bank's prevailing rates at the time of application. Nook's 5.99% p.a. is the best available rate through Nook partner banks and is subject to eligibility and credit approval.

Refinancing with AUB or PNB: What You Need to Know

If you already have a home loan with AUB or PNB and you're considering refinancing — whether within the same bank or to a different lender — here are the key things to consider:

When does refinancing make sense?

Refinancing is worth exploring if your current interest rate is significantly higher than what's available in the market today. Many Filipino homeowners are paying between 7% and 10% p.a. on their existing home loans. If you secured your loan several years ago, there's a strong chance you can reduce your monthly payments by refinancing to a lower rate.

Costs to watch out for

• Early repayment penalty: Both AUB and PNB may charge a penalty if you repay or refinance within your fixed rate period. Always check your existing loan documents before proceeding.
• Appraisal fee: A new appraisal of your property will typically be required by the new lender.
• Documentary stamp tax and transfer costs: If the mortgage is being transferred to a new bank, there are legal and transfer costs involved.
• Processing fees: The new lender may charge processing or application fees, though some banks waive these during promotional periods.

How Nook simplifies refinancing

Instead of approaching AUB and PNB separately, Nook lets you compare multiple lenders in one place — for free. Nook's team of mortgage specialists handles the legwork, from comparing rates to processing your application. There's no fee to the borrower, ever. If you're also curious how PNB compares to digital lenders, check out our Maya Bank vs PNB home loan comparison for another perspective.

Which Bank is Better for Your Situation?

Choose Asia United Bank if:

• You already have an existing banking relationship with AUB and prefer to consolidate your finances there.
• AUB has offered you a specific promotional rate that beats the competition.
• You are purchasing a property where AUB is the developer's accredited bank.

Choose PNB if:

• You are an OFW or have a household member working overseas who remits through PNB.
• You want access to longer fixed rate periods (e.g., 10 years) for greater certainty on your repayments.
• You prefer dealing with a large, established bank with a wide branch network.

Consider Nook if:

• You want to compare multiple lenders — including AUB, PNB, and Nook's partner banks — without doing all the legwork yourself.
• You want access to the best available rate of 5.99% p.a. with no broker fee.
• You are refinancing an existing home loan and want the most competitive deal possible.