AUB vs PNB Home Loan: Quick Overview
Asia United Bank (AUB) and Philippine National Bank (PNB) are both established Philippine lenders offering home loan and refinancing products. AUB is a commercial bank known for its digital-forward approach, while PNB is one of the country's oldest banks with a wide branch network. Below we break down how their home loan offerings compare across the key factors that matter most to borrowers.
Important note: Interest rates shown for both AUB and PNB are approximate figures based on publicly available information. Neither bank is a Nook partner bank, so rates have not been independently verified by Nook and are subject to change without notice. Always confirm current rates directly with the bank or through a licensed broker.
Interest Rates Compared
| Fixing Period | AUB (Approx.) | PNB (Approx.) | Nook Best Rate |
|---|---|---|---|
| 1-year fixed | 7.00%–8.00% p.a. | 7.25%–8.50% p.a. | From 5.99% p.a. |
| 3-year fixed | 7.50%–8.50% p.a. | 7.75%–9.00% p.a. | From 5.99% p.a. |
| 5-year fixed | 8.00%–9.00% p.a. | 8.25%–9.50% p.a. | From 5.99% p.a. |
| 10-year fixed | 8.50%–9.50% p.a. | 8.75%–10.00% p.a. | From 5.99% p.a. |
Rates shown for AUB and PNB are indicative ranges only based on publicly available information and may not reflect current promotional offers or your individual loan profile. Nook's 5.99% p.a. rate is available to qualified borrowers through Nook's partner bank network and is subject to credit assessment.
What the Rate Difference Means in Pesos
To illustrate the real-world impact of rate differences, here's a monthly payment comparison on a 3,000,000 peso home loan over a 20-year term:
| Scenario | Rate | Est. Monthly Payment | Total Interest Paid |
|---|---|---|---|
| AUB (mid-range) | 8.00% p.a. | ~25,093 | ~3,022,320 |
| PNB (mid-range) | 8.75% p.a. | ~26,531 | ~3,367,440 |
| Nook Best Rate | 5.99% p.a. | ~21,468 | ~2,152,320 |
Based on these estimates, refinancing to Nook's best available rate instead of AUB's mid-range rate could save you roughly 3,625 pesos per month — that's over 870,000 pesos across a 20-year term. Compared to PNB's mid-range rate, the monthly saving grows to approximately 5,063 pesos, or over 1,215,120 pesos over the life of the loan.
Loan Features & Eligibility
| Feature | AUB | PNB |
|---|---|---|
| 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, dual citizens |
| OFW-friendly | Limited | Yes — dedicated OFW program |
| Processing fee | Approximately 5,000–10,000 (indicative) | Approximately 5,000–10,000 (indicative) |
| Early repayment penalty | May apply within fixing period | May apply within fixing period |
Loan features are based on general publicly available information and may have changed. Confirm all terms directly with AUB or PNB before applying. If you're an OFW comparing options, you may also want to read our PNB vs UnionBank home loan comparison which covers OFW eligibility in more detail.
Application Process
AUB Home Loan Application
AUB has invested in digital banking infrastructure, and home loan inquiries can be initiated online. However, the full application and document submission process typically still involves branch visits or coordination with a loan officer. Processing times generally range from a few weeks to over a month depending on document completeness and property appraisal scheduling.
PNB Home Loan Application
PNB has a broad branch network across the Philippines, making it accessible for borrowers in provincial areas. Their home loan application process is largely branch-based. PNB also has dedicated loan centers and offers an OFW Balikbayan home loan program for overseas Filipino workers. Processing can take several weeks and requires a standard set of income, property, and identity documents.
Applying Through Nook
Nook is the Philippines' first digital mortgage broker. Instead of applying to one bank and hoping for the best rate, Nook submits your profile to multiple partner banks simultaneously and finds you the lowest verified rate available — all at zero cost to you. There are no broker fees, no hidden charges, and you get a dedicated loan advisor to guide you through the process. It takes about 3 minutes to get started online.
Refinancing with AUB or PNB
If you already have a home loan with another bank and are considering refinancing to AUB or PNB, there are a few things to keep in mind:
- Penalty check: Before refinancing, confirm whether your current lender charges a pre-termination or early repayment penalty. This fee can sometimes offset the savings from a lower rate.
- New appraisal required: Both AUB and PNB will likely require a fresh property appraisal as part of the refinancing process, which adds cost and time.
- Break-even analysis: Calculate how many months it will take for your monthly savings to cover the one-time refinancing costs. If you plan to sell the property within a few years, refinancing may not be cost-effective.
- Rate comparison: Since neither AUB nor PNB is a Nook partner bank, we recommend also checking what rates Nook's network can offer. You might find a significantly lower rate with less hassle.
For a broader look at how PNB compares to other lenders, see our PNB vs Security Bank home loan comparison.
Who Should Consider AUB?
- Borrowers who already bank with AUB and want to consolidate relationships
- Those who prefer a mid-sized bank with digital service capabilities
- Borrowers comfortable navigating the application process independently
Who Should Consider PNB?
- OFWs or balikbayans who want a bank with dedicated overseas Filipino programs
- Borrowers in provincial areas who need a wide physical branch network
- Those looking for longer loan terms of up to 25 years
Who Should Use Nook Instead?
- Anyone who wants to find the lowest possible rate without doing the legwork themselves
- Borrowers refinancing from a higher rate (7%+) who want to explore all options at once
- Those who want a free, guided experience with a licensed mortgage advisor
- Anyone unsure which bank to choose — Nook compares for you
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Compare My Options →Frequently Asked Questions
What are the current home loan rates at AUB?
AUB's home loan rates are not publicly listed in real time, but based on general market information, rates typically range from approximately 7.00% to 9.50% p.a. depending on the fixing period and the borrower's profile. These are approximate figures and are subject to change. Contact AUB directly or use Nook to compare verified rates from multiple lenders at once.
What are the current home loan rates at PNB?
PNB home loan rates are indicatively in the range of 7.25% to 10.00% p.a. depending on the fixing period selected. PNB also offers special programs for OFWs. Rates shown are approximate based on publicly available information and are subject to change without notice — always confirm with PNB directly or through a licensed broker.
Is AUB or PNB better for a home loan in the Philippines?
It depends on your situation. PNB has a broader branch network and dedicated OFW programs, making it more suitable for overseas Filipinos or provincial borrowers. AUB may appeal to borrowers who prefer a digital-leaning mid-sized bank. That said, neither bank is guaranteed to offer the lowest rate — using a free mortgage broker like Nook lets you compare both banks and other lenders simultaneously to find the best deal for your profile.
Can I refinance from AUB to PNB or vice versa?
Yes, you can refinance your home loan from AUB to PNB or from PNB to AUB if you qualify. The receiving bank will assess your creditworthiness, require a new property appraisal, and charge standard processing fees. Before doing so, check if your current lender charges a pre-termination fee, and calculate whether the rate savings justify the switching costs. You should also consider whether refinancing through Nook to a partner bank could give you an even lower rate.
How much can I save by refinancing to 5.99% p.a. instead of staying at 8.00%?
On a 3,000,000 peso loan over 20 years, refinancing from 8.00% to 5.99% p.a. could reduce your monthly payment by approximately 3,625 pesos — saving you over 870,000 pesos in total interest over the life of the loan. Savings will vary based on your loan balance, remaining term, and the rates you qualify for. Use Nook's free service to get a personalized estimate.
Does Nook charge a fee to compare AUB and PNB home loan rates?
No. Nook's service is 100% free for borrowers. Nook earns a referral fee from partner banks when a loan is successfully placed — you pay nothing extra. Nook is not currently partnered with AUB or PNB, but can help you compare rates from its network of partner banks to find a potentially better deal.
What documents do I need to apply for a home loan at AUB or PNB?
Both banks typically require: valid government-issued IDs, proof of income (payslips, ITR, or employment certificate for employed borrowers; audited financial statements for self-employed), proof of billing, and property documents (title, tax declaration, appraisal). OFW borrowers at PNB may also need to provide a Special Power of Attorney (SPA). Document requirements can vary, so confirm the complete checklist with the bank before applying.
How long does the home loan approval process take at AUB and PNB?
Approval timelines at both banks can range from two to six weeks or more, depending on the completeness of your documents, the speed of property appraisal, and internal processing times. Delays are common when documents are missing or when the property requires additional verification. Working through a broker like Nook can help streamline the process since your documents are prepared and submitted correctly from the start.