AUB vs Metrobank

AUB vs Metrobank Home Loan: Quick Overview

Asia United Bank (AUB) and Metrobank are both well-known Philippine banks offering home loan and refinancing products. Metrobank is one of the country's largest universal banks with a broad branch network, while AUB is a growing commercial bank known for its digital-forward approach. Below we compare them across the factors that matter most to borrowers considering a home loan or refinance.

Important note: The rates shown for both AUB and Metrobank are approximate figures based on publicly available information. Actual rates are subject to change and vary based on loan amount, term, borrower profile, and prevailing market conditions. Always verify current rates directly with the bank or through a licensed broker.

Interest Rate Comparison: What You'd Actually Pay

Interest rate differences might look small on paper, but over a 20-year loan they translate into very large peso amounts. Here's how a ₱3,000,000 home loan compares across indicative rates from AUB, Metrobank, and Nook's best available rate of 5.99% p.a. on a 20-year term.

At 5.99% p.a. versus a typical 8.00% rate, a ₱3,000,000 borrower saves approximately 870,000 in total interest over 20 years — and over 1,100,000 compared to an 8.50% rate. That's money that stays in your pocket.

For borrowers with a larger loan, say ₱5,000,000, the difference is even more dramatic. At 5.99% p.a. versus 8.00% p.a. over 20 years, the total interest saving exceeds 1,400,000.

Note: All monthly payment and interest figures above are estimates for illustration purposes only, using a standard amortizing loan model. Actual payments will depend on your specific loan terms, fees, and the bank's approved rate for your profile.

AUB Home Loan: Key Features

Asia United Bank positions itself as a flexible lender with a focus on digital banking. Here's what you need to know about their home loan product:

• Loan purpose: Purchase, construction, renovation, or refinancing of residential properties
• Minimum loan amount: Typically ₱500,000
• Loan-to-value (LTV): Up to 80% of appraised property value for purchase; up to 70% for refinancing (indicative)
• Eligible borrowers: Filipino citizens and permanent residents aged 21–65 at loan maturity
• Interest rate repricing: Fixed for an initial period (1, 2, 3, or 5 years), then subject to repricing
• Digital process: AUB has invested in digital capabilities, allowing parts of the application to be completed online

Potential drawbacks of AUB: As a mid-sized commercial bank, AUB has a smaller branch network than larger universal banks, which may affect in-person support. Their home loan product line is narrower compared to major players, and their indicative rates, while competitive among smaller banks, remain above what's achievable through Nook's partner network.

Metrobank Home Loan: Key Features

Metropolitan Bank and Trust Company (Metrobank) is one of the Philippines' largest and most established universal banks. Their home loan product is widely recognized and available across a large branch network.

• Loan purpose: Purchase (house and lot, condo, townhouse), construction, renovation, or refinancing
• Minimum loan amount: Typically ₱500,000
• Loan-to-value (LTV): Up to 80% for purchase; varies for refinancing
• Eligible borrowers: Filipino citizens and permanent residents; OFW applicants accepted with qualifying co-borrower
• Interest rate repricing: Fixed period options of 1, 2, 3, or 5 years before repricing to prevailing rates
• Branch network: Extensive nationwide presence with hundreds of branches

Potential drawbacks of Metrobank: Being a large bank, Metrobank's processes can be slower and more document-heavy than newer digital lenders. Borrowers often report lengthy turnaround times. Their rates, while broadly in line with market averages, are not the most competitive available. If you're curious how Metrobank stacks up against other major lenders, see our BDO vs Metrobank home loan comparison for a detailed side-by-side look.

Fees and Hidden Costs: What to Watch Out For

The interest rate is only part of the true cost of a home loan. Both AUB and Metrobank charge a range of fees that borrowers should factor into their decision.

When refinancing, it's essential to compute the total cost of switching — including processing fees, appraisal costs, and any penalties from your existing lender — against the interest savings you'll achieve. Nook's team can help you run this calculation for free so you know exactly whether refinancing makes financial sense before you commit.

Refinancing: AUB vs Metrobank vs Nook

If you're currently paying a high rate with any bank and are considering refinancing to AUB or Metrobank, it's worth pausing to ask: are you actually getting the best rate available in the market?

When you refinance through Nook, we submit your profile to multiple partner banks simultaneously and present you with the best verified offer — at no cost to you. Our current best available refinance rate is 5.99% p.a., which in most cases will be lower than what AUB or Metrobank will quote you directly.

For context, you can also explore how other banks compare to Metrobank, such as in our First Metro Investment vs Metrobank comparison, to understand where Metrobank sits in the broader market.

Here's why refinancing through Nook beats applying directly to a bank:

• Multiple offers at once: Instead of applying to one bank and hoping for the best, Nook matches you with several lenders so you get competitive options
• Verified rates: The rates Nook shows you are confirmed with partner banks — not estimated ranges from a website
• Free service: Nook charges borrowers nothing. The broker fee is covered by the partner bank
• Expert guidance: Nook's advisors help you understand the true cost of refinancing, including break-even timelines and fee structures
• Faster processing: Nook streamlines the document submission and approval process through a single digital platform

Who Should Consider AUB?

AUB may be a reasonable choice if you are an existing AUB customer who qualifies for a loyalty rate, or if you prefer a mid-sized bank with growing digital capabilities and want a straightforward application process. However, unless AUB offers you a significantly below-market rate based on your profile, most borrowers will find better deals through a multi-bank comparison.

Who Should Consider Metrobank?

Metrobank is a solid option for borrowers who value a large, established institution with widespread branch access and a long track record in home lending. It may also be suitable for OFWs or borrowers with complex situations who prefer working with a well-known major bank. That said, Metrobank's rates are not typically the lowest available, and borrowers focused on minimizing interest costs should always compare before committing. See also our Metrobank vs PSBank comparison if you're evaluating other mid-tier options.