AUB vs PSBank

AUB vs PSBank Home Loan: Quick Comparison

Asia United Bank (AUB) and Philippine Savings Bank (PSBank) are both well-established lenders in the Philippine home loan market. Here's how they stack up at a glance:

Note: Interest rates shown are approximate, based on publicly available information, and are subject to change without notice. Always verify current rates directly with AUB and PSBank before making any financial decisions.

Interest Rate Deep Dive

Interest rates are the single biggest factor in determining your total home loan cost. Both AUB and PSBank offer fixed-rate repricing periods — typically 1, 2, 3, or 5 years — after which your rate adjusts to prevailing market rates.

Based on publicly available information, here's a rough idea of what each bank charges:

• AUB: Approximately 7.00% to 9.00% p.a. depending on the fixing period and loan-to-value ratio. Shorter fixing periods (1–2 years) tend to carry lower rates.
• PSBank: Approximately 7.25% to 9.50% p.a. under similar conditions. PSBank is a subsidiary of Metrobank Group and tends to offer competitive rates for salaried employees.

To put this in perspective, consider a 3,000,000 peso loan over 20 years:

• At 7.50% p.a.: approximately 24,100 per month
• At 9.00% p.a.: approximately 27,000 per month
• At 5.99% p.a. (Nook's best available rate): approximately 21,500 per month

That's a difference of up to 5,500 pesos every single month — or 66,000 pesos per year — simply by refinancing to a better rate through Nook.

If you're comparing PSBank against other lenders, you may also find our Chinabank vs PSBank comparison helpful for a broader picture of where PSBank stands in the market.

Loan Features and Flexibility

AUB Home Loan Features

AUB positions itself as a tech-forward bank and has invested in digital banking tools that make loan management more convenient. Key features of AUB home loans include:

• Competitive rates for OFWs and overseas Filipinos
• Accepts co-borrowers to increase loanable amount
• Allows refinancing of existing home loans
• Can be used for purchase, construction, or home improvement

PSBank Home Loan Features

PSBank, backed by the Metrobank Group, offers reliable home financing with a strong branch network across the Philippines. Key features include:

• Home loan products for purchase, construction, and refinancing
• Auto-debit arrangement from PSBank account
• Available to both locally employed and OFW borrowers
• Accepts both residential and condominium properties

For a different angle on PSBank's positioning, see how it compares with another lender in our EastWest Bank vs PSBank breakdown.

Eligibility and Requirements

Both banks follow broadly similar eligibility criteria, in line with Philippine banking regulations:

Eligibility requirements are subject to each bank's credit evaluation and may change. Verify directly with AUB or PSBank for current criteria.

Total Cost of Borrowing: What You're Really Paying

Beyond the headline interest rate, home loans come with several additional costs you should factor in:

• Processing / Application Fee: Typically 0.5% to 1% of the loan amount at both banks
• Appraisal Fee: Usually 3,000 to 6,000 pesos depending on property size and location
• Notarial and Documentary Stamp Taxes: Regulated by law but still add to upfront costs
• Mortgage Redemption Insurance (MRI): Required by most Philippine banks; typically bundled into monthly payments
• Fire Insurance: Also typically required

When you refinance through Nook, you get a transparent view of all-in costs across multiple lenders — not just the rate. This makes it much easier to do a true apples-to-apples comparison rather than being surprised by fees after you've already started the process.

Why Refinancing Could Beat Both AUB and PSBank

If you currently have a home loan with AUB, PSBank, or any other Philippine bank, there's a good chance you're paying more than you need to. Most Filipino homeowners locked in their rates years ago when rates were higher — and many simply haven't thought to check whether a better deal is available.

Here's a real-world example of what refinancing could mean for you:

• Current loan: 5,000,000 pesos remaining
• Current rate: 8.50% p.a.
• Current monthly payment: approximately 43,400
• After refinancing at 5.99% p.a.: approximately 35,900 per month
• Monthly savings: approximately 7,500
• Annual savings: approximately 90,000

Nook is the Philippines' first digital mortgage broker, and the service is completely free to borrowers. Nook works with multiple partner banks to find you the lowest available rate — so instead of comparing just two banks yourself, Nook does the shopping for you across its entire network.