If you're currently paying 8.50% or more on your UnionBank home loan, refinancing through Nook could drop your rate to as low as 5.99% p.a. — saving you thousands every month at zero broker cost.
YOUR POTENTIAL MONTHLY SAVINGS
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Why this matters
UnionBank is known for its strong digital banking platform, and many Filipino homeowners chose it for the convenience of managing their finances online. But having a great banking app doesn't always mean you're getting the most competitive home loan rate. If your loan was locked in a few years ago, the rate you're paying today could be significantly higher than what's available in the current market — and that gap is costing you real money every single month.
Refinancing your UnionBank home loan through Nook gives you access to a wide panel of lenders, including UnionBank itself, all competing to offer you the best possible rate. With rates starting at 5.99% p.a., switching could reduce your monthly amortisation by thousands of pesos without requiring you to change banks if you don't want to. Nook's team of mortgage specialists handles the comparison, paperwork, and coordination on your behalf — completely free of charge to you as the borrower.
The process is straightforward and fully digital. You share your loan details, Nook evaluates your profile, and you receive a personalised refinancing recommendation backed by real lender offers. Whether your goal is to lower your monthly payments, shorten your loan term, or access your home equity, Nook finds the right fit for your financial situation. Interest rates are subject to change, so the sooner you check, the sooner you can lock in a better deal.
How it works
Enter your loan details into our calculator. Instantly see what banks are offering right now and how much you'd save each month. No personal information required.
If the numbers make sense, book a free call. Your consultant compares offers from 15+ banks — something that would take you weeks to do on your own — and recommends the best option for your situation.
We manage the entire application, documentation, and bank coordination. You sign where we tell you. Your new lower payment starts next month. Nook's service is completely free — we're paid by the receiving bank.
Common questions
Yes, absolutely. Refinancing doesn't necessarily mean moving to a different bank. Nook compares rates across multiple lenders including UnionBank itself, so if UnionBank offers the most competitive rate for your profile, you can refinance in-house. The goal is always to get you the best rate available, regardless of which bank that ends up being.
Based on a loan balance of 3,000,000 at 8.50% versus Nook's best available rate of 5.99% p.a. on a 20-year term, you could save over 3,000 pesos per month — that's more than 36,000 per year. Your actual savings will depend on your outstanding balance, remaining term, and the rate you qualify for, which Nook will calculate for you at no cost.
Nook's service is 100% free for borrowers. Nook earns a referral fee from the bank when your loan is successfully placed, so there is no charge to you at any stage of the process. You get expert mortgage brokering, full lender comparison, and end-to-end application support without spending a single peso.
General requirements include a minimum monthly income of around 30,000 pesos, a debt-to-income ratio of no more than 50%, and a property with an existing mortgage that is in good standing. Nook works with borrowers who are employed in the private sector, government, BPO, OFW or seafarer, self-employed, or working as licensed professionals.
The typical refinancing timeline runs between 30 to 60 days from application to loan release, depending on the lender and the completeness of your documents. Nook helps you prepare and submit everything correctly from the start, which reduces delays and keeps the process moving as efficiently as possible. Rates are subject to change, so starting early gives you the best chance of locking in a favorable offer.
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