Asia United Bank vs PSBank: Home Loan Overview
Asia United Bank (AUB) and PSBank (Philippine Savings Bank, the thrift bank affiliate of Metrobank) are two well-known names in the Philippine home lending space. Both offer residential mortgage products — including home purchase loans, house construction financing, and home loan refinancing. However, because neither bank is currently a Nook partner, the rate information presented here is based on publicly available data and general market knowledge. All rates are approximate and subject to change — always verify directly with the bank.
If you are exploring refinancing options, you may also find it useful to read our comparison of PSBank vs SB Finance home loan rates for additional context on where PSBank sits in the broader market.
Interest Rate Comparison
| Feature | Asia United Bank (AUB) | PSBank | Nook Partner Banks |
|---|---|---|---|
| Indicative Fixed Rate (1-year) | ~7.50% – 9.00% p.a.* | ~7.25% – 9.00% p.a.* | From 5.99% p.a. ✓ |
| Indicative Fixed Rate (3-year) | ~8.00% – 9.50% p.a.* | ~7.75% – 9.50% p.a.* | Competitive verified rates ✓ |
| Indicative Fixed Rate (5-year) | ~8.50% – 10.00% p.a.* | ~8.00% – 10.00% p.a.* | Competitive verified rates ✓ |
| Rate Verification | Unverified (publicly sourced) | Unverified (publicly sourced) | Live, verified rates ✓ |
* Rates are approximate, based on publicly available information as of 2024, and are subject to change without notice. Contact AUB or PSBank directly for current offers.
The rate gap matters enormously over time. On a loan of 3,000,000 pesos over 20 years, the difference between a 9.00% rate and a 5.99% rate amounts to a monthly saving of roughly 5,700 pesos — or more than 1,360,000 pesos over the full loan term. That's real money staying in your pocket.
Loan Terms and Eligibility
| Feature | Asia United Bank (AUB) | PSBank |
|---|---|---|
| Minimum Loan Amount | ~500,000 | ~500,000 |
| Maximum Loan Amount | Up to 80% of appraised value | Up to 80% of appraised value |
| Maximum Loan Term | Up to 20 years | Up to 20 years |
| Eligible Borrowers | Filipino citizens, resident aliens | Filipino citizens, resident aliens |
| Property Types | House and lot, condo, vacant lot | House and lot, condo, townhouse |
| Refinancing Available | Yes | Yes |
Both banks follow broadly similar eligibility criteria typical of Philippine thrift and commercial banks. Borrowers must generally be between 21 and 65 years old at loan maturity, employed or self-employed with documented income, and hold a property with a clean title.
Fees and Charges
| Fee Type | Asia United Bank (AUB) | PSBank |
|---|---|---|
| Processing Fee | Varies (typically 3,000 – 10,000)* | Varies (typically 3,000 – 10,000)* |
| Appraisal Fee | Charged separately | Charged separately |
| Early Termination Fee | Typically applies within fixed period | Typically applies within fixed period |
| Broker / Facilitation Fee | May apply via third parties | May apply via third parties |
| Nook Service Fee | N/A | N/A |
* Fee schedules are indicative only. When refinancing through Nook, the broker service is 100% free to the borrower. Nook is compensated directly by its partner banks, so you pay nothing for the comparison and application support.
Refinancing: Is AUB or PSBank Worth It?
If you currently hold a home loan with a rate above 7.00%, refinancing could make strong financial sense — regardless of whether your existing lender is AUB, PSBank, or another bank. The key question is: what's the best rate you can actually access today?
Because AUB and PSBank are not Nook partner banks, Nook cannot facilitate a direct refinance application to either institution through its platform. However, Nook's partner bank network covers a wide range of leading Philippine lenders offering verified rates from 5.99% p.a.
To put the numbers in perspective: if you have a remaining loan balance of 4,000,000 pesos with 15 years left, and you're currently paying 8.50%, your monthly repayment is approximately 39,400 pesos. Refinancing to 5.99% p.a. could reduce that to around 33,700 pesos — saving roughly 5,700 pesos every month, or 68,400 pesos per year.
For more context on how PSBank compares against other lenders, see our detailed breakdown of Philippine Business Bank vs PSBank home loan rates.
Application Process Comparison
| Step | Applying Directly to AUB or PSBank | Refinancing Through Nook |
|---|---|---|
| Rate Shopping | Must visit each bank separately | Compare multiple banks in one place ✓ |
| Application | In-branch or online per bank | Single digital application ✓ |
| Processing Support | Bank's own staff only | Dedicated Nook mortgage specialist ✓ |
| Cost to Borrower | Free to apply (fees may apply) | 100% free broker service ✓ |
| Rate Guarantee | Subject to bank's discretion | Verified partner bank rates ✓ |
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Compare My Options →Frequently Asked Questions
What are the current home loan rates at Asia United Bank (AUB)?
Based on publicly available information, AUB's home loan rates are generally in the range of 7.50% to 10.00% p.a. depending on the fixed-rate period chosen. These are approximate figures and subject to change — contact AUB directly or visit their website for current rates. Note that Nook partner banks currently offer verified rates starting from 5.99% p.a.
What are the current home loan rates at PSBank?
PSBank's home loan rates are generally reported in the range of 7.25% to 10.00% p.a. for standard fixed-rate periods. As with all Philippine banks, these rates are subject to change and promotional offers may apply. Always verify current rates directly with PSBank. For another angle on PSBank's positioning, see our PBCOM vs PSBank home loan comparison.
Can I refinance from AUB or PSBank through Nook?
Yes — if you currently have a home loan with AUB or PSBank and want to refinance, Nook can help you find a better rate through its partner bank network. Nook facilitates refinancing away from your current bank, not necessarily to the same one. The service is completely free to you as a borrower.
How much can I save by refinancing from a 9% rate to 5.99%?
The savings depend on your remaining loan balance and term. As an example, on a 3,000,000 peso loan with 20 years remaining, moving from 9.00% to 5.99% p.a. saves approximately 5,700 pesos per month — or over 1,360,000 pesos over the life of the loan. Use Nook's free refinance calculator to get a personalized estimate.
Is PSBank part of Metrobank?
Yes. PSBank (Philippine Savings Bank) is the thrift bank subsidiary of Metrobank (Metropolitan Bank and Trust Company), one of the Philippines' largest banks. While PSBank and Metrobank are affiliated, they operate as separate entities with distinct product offerings and rate schedules.
What documents do I need to refinance my home loan?
Standard requirements for home loan refinancing in the Philippines include a valid government-issued ID, proof of income (latest payslips or ITR for employed borrowers; audited financial statements for self-employed), a copy of your existing loan statement of account, the property's Transfer Certificate of Title (TCT), and a tax declaration. Your Nook mortgage specialist will guide you through the full checklist.
How long does the refinancing process take?
Refinancing a home loan in the Philippines typically takes 4 to 8 weeks from application to loan release, depending on the bank's turnaround time and the completeness of your documents. Nook helps streamline the process by ensuring your application is complete and submitted correctly the first time.
Are there other banks I should compare PSBank against?
Definitely. It's worth comparing PSBank against multiple lenders before deciding. You can read our comparison of Bank of Commerce vs PSBank home loan rates for another useful data point. Better yet, use Nook to compare verified rates from multiple partner banks in a single free search.