AUB vs Maya Bank: Home Loan Overview
Asia United Bank (AUB) is a mid-sized Philippine commercial bank that has been offering home loans for over a decade. It competes with the major banks on rates and serves both salaried employees and self-employed borrowers. Maya Bank, formerly PayMaya's banking arm, is one of the Philippines' newest digital banks. While Maya Bank offers personal loans and deposit products, its mortgage and home loan offering is limited and not yet a mainstream product in the market.
If you are comparing these two specifically for a home loan refinance, it is important to understand that availability, loan amounts, and terms can differ significantly between a traditional bank like AUB and a digital bank like Maya. For a broader look at how digital-first challengers compare to established lenders, our AUB vs CIMB home loan comparison is a useful reference point.
Interest Rates
| Feature | AUB | Maya Bank |
|---|---|---|
| Fixed Rate (1-year) | ~7.50% p.a. | Not publicly listed |
| Fixed Rate (3-year) | ~8.25% p.a. | Not publicly listed |
| Fixed Rate (5-year) | ~8.75% p.a. | Not publicly listed |
| Variable / In-house Rate | Based on prevailing bank rate | N/A for home loans |
| Best Rate via Nook | 5.99% p.a. — available now | |
AUB publishes indicative home loan rates through its branch network and online inquiries. Maya Bank does not currently advertise a standard home loan product with published rates. If you are refinancing an existing home loan, the gap between AUB's typical rates and the 5.99% p.a. available through Nook could translate to tens of thousands of pesos in annual savings.
Monthly Payment Comparison
To make this concrete, here is how monthly repayments differ at various interest rates on a 3,000,000 peso home loan over 20 years:
| Interest Rate | Monthly Payment (approx.) | Total Interest Paid (approx.) |
|---|---|---|
| 5.99% p.a. (Nook best rate) | 21,491 | 2,157,840 |
| 7.50% p.a. (AUB indicative) | 24,169 | 2,800,560 |
| 9.00% p.a. (typical existing loan) | 26,992 | 3,478,080 |
| 10.00% p.a. (high end) | 28,951 | 3,948,240 |
Refinancing from 9.00% to 5.99% on a 3,000,000 peso loan saves approximately 5,501 pesos every single month — or roughly 1,320,240 pesos over the remaining 20-year term. That is real money back in your pocket, and Nook's service is completely free to the borrower.
Loan Features and Eligibility
| Feature | AUB | Maya Bank |
|---|---|---|
| Home Loan / Refinance Product | Yes — available | Limited / not standard |
| Minimum Loan Amount | ~500,000 | Not publicly defined |
| Maximum Loan Amount | Up to 80% of appraised value | Not publicly defined |
| Loan Term | Up to 20 years | Not applicable |
| Salaried Borrowers | Yes | Limited |
| Self-Employed Borrowers | Yes | Limited |
| OFW Borrowers | Yes (with co-borrower) | Not confirmed |
| Online Application | Partial — branch follow-up needed | Digital-first process |
Fees and Charges
| Fee | AUB | Maya Bank |
|---|---|---|
| Processing Fee | Applicable — varies by loan amount | Not published |
| Appraisal Fee | Applicable | Not applicable |
| Documentary Stamp Tax | Borrower-shouldered | Not applicable |
| Mortgage Registration Fee | Borrower-shouldered | Not applicable |
| Early Redemption Penalty | Applies within fixed-rate period | Not published |
| Nook Broker Fee | Zero — Nook is free for borrowers | |
One important note: when refinancing, closing costs such as appraisal, documentary stamp tax, and registration fees are a one-time expense that your monthly savings will eventually offset. For most borrowers, the break-even point is reached within 12 to 24 months — after which every month is pure savings.
Digital Experience and Customer Support
Maya Bank's strongest selling point is its digital-native infrastructure. The app experience is clean, and for deposit and lending products it offers, the onboarding is fast. However, home loans are complex products that require property appraisal, title verification, and legal documentation — areas where established lenders still have a significant operational advantage.
AUB has been modernising its digital channels but still relies heavily on branch-based processing for mortgage applications. Response times and turnaround can vary by branch. Neither bank currently offers the kind of end-to-end digital mortgage experience that Nook provides — where a single application is matched against multiple lenders simultaneously to find you the best rate.
Why Nook Is Better Than Choosing Just One Bank
Whether you lean toward AUB or are curious about Maya Bank's future mortgage products, the fundamental question for any refinance is: am I getting the best rate available to me right now? Applying to one bank at a time is time-consuming, and each inquiry can affect your credit profile. Nook solves this by submitting a single application to multiple lenders and returning the best offer — at no cost to you.
The best refinance rate currently available through Nook is 5.99% p.a. — well below the typical range of 7% to 10% that most Filipino homeowners are currently paying. If your existing home loan was taken out more than two years ago, there is a strong chance you are overpaying every month. For context on how other bank pairs compare, you may also want to read our DBP vs UCPB home loan comparison to see how government and mid-tier banks measure up.
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Compare My Options →Frequently Asked Questions
Does Maya Bank offer home loans in the Philippines?
Maya Bank is primarily known for its digital deposit accounts and personal loan products. As of now, Maya Bank does not offer a standard home loan or mortgage product available to the general public. If you are looking for a home loan refinance, you will need to consider other lenders — Nook can help you compare multiple banks and find the best available rate for free.
What are AUB's current home loan interest rates?
AUB's indicative home loan rates start at around 7.50% p.a. for a 1-year fixed period, rising to approximately 8.75% p.a. for a 5-year fix. These rates are subject to change and may vary based on your loan amount, term, and credit profile. The best refinance rate currently available through Nook across all partner banks is 5.99% p.a., which is significantly lower.
How much can I save by refinancing my home loan?
Savings depend on your current rate, loan balance, and remaining 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 5,501 pesos per month — or over 1.3 million pesos over the life of the loan. Use Nook's free refinance calculator to see your personalised savings estimate.
Is AUB a good bank for home loan refinancing?
AUB is a legitimate option for home loan refinancing, particularly for borrowers who already bank with AUB or prefer a mid-sized commercial bank. However, its published rates are generally above 7.50% p.a., which is higher than the best rates available through Nook. We recommend comparing AUB against multiple lenders before committing — Nook does this for free in a single application.
What is the minimum loan amount for an AUB home loan?
AUB's minimum home loan amount is approximately 500,000 pesos, with a maximum loan-to-value ratio of around 80% of the property's appraised value. Loan terms of up to 20 years are available for qualified borrowers. Eligibility requirements include proof of income, a clean credit history, and valid property documents.
How does Nook compare to applying directly to AUB or Maya Bank?
When you apply directly to a single bank, you only see that bank's rate — and you have no way of knowing if a better deal exists elsewhere. Nook submits one application to multiple lenders and returns the best offer available to you, at 5.99% p.a. or better. The service is completely free for borrowers. There is no reason not to check Nook before committing to any single bank.
Are there penalties for refinancing away from AUB?
AUB, like most Philippine banks, charges an early redemption penalty if you refinance during the fixed-rate lock-in period. This penalty is typically 1% to 2% of the outstanding loan balance. Once the fixed period expires, you can usually refinance without penalty. Nook's advisors can help you time your refinance to minimise or avoid early redemption fees.