If you have a UnionBank home loan, you could be paying more than necessary. Refinancing through Nook can bring your rate down to as low as 5.99% p.a. — with zero broker fees.
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Why this matters
UnionBank is one of the Philippines' most digitally advanced banks, and its home loan products reflect that — offering competitive rates and a streamlined application experience. However, if you took out your UnionBank housing loan a few years ago, the fixed rate period you locked in may have already expired, leaving you on a higher variable or re-priced rate. Many homeowners in this situation are now paying between 8% and 10% annually without realising that refinancing could dramatically reduce that burden. You can review UnionBank's current housing loan rates and requirements to understand where your existing loan stands before making any decisions.
Refinancing doesn't mean leaving UnionBank entirely — in fact, UnionBank is a Nook partner bank offering rates starting at 7.00% p.a. for standard home loans and home equity products, with a 1-year fixed option also at 7.00% p.a. What refinancing through Nook does is give you access to a full market comparison, so whether the best deal is back with UnionBank or with another lender, you'll know you're getting the most competitive rate available. Nook handles the paperwork, the bank negotiations, and the application process on your behalf — at absolutely no cost to you as a borrower.
For a ₱3,000,000 loan with 20 years remaining, moving from an 8.50% rate to 5.99% p.a. could save you over ₱4,500 every single month. That's real money back in your pocket — money that could go toward your children's education, emergency savings, or simply reducing financial stress. If you're ready to explore what's possible, learn more about UnionBank home loan refinancing options through Nook and get a free assessment today. Please note that interest rates are subject to change — always verify current rates with your lender or broker before making a decision.
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 means taking out a new home loan with a different lender to pay off your existing UnionBank balance, ideally at a lower interest rate. Nook works with multiple Philippine banks and can help you find the best available rate based on your loan amount, income, and property type.
Yes, UnionBank is a Nook partner bank. They offer home loan rates starting at 7.00% p.a. on a 1-year fixed term, with flexible eligibility for employed, self-employed, and OFW borrowers. Applying through Nook means you get professional guidance through the UnionBank process at no cost to you.
You'll typically need government-issued ID, proof of income (payslips or ITR), your existing loan statement of account, and your property's Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT). Nook will guide you through the full document checklist — you can also check the UnionBank housing loan requirements guide for a detailed breakdown.
The refinancing process in the Philippines typically takes 4 to 8 weeks from application to loan release, depending on the bank and the completeness of your documents. Nook helps you avoid common delays by preparing your application correctly from the start and following up with the bank on your behalf.
Nook's service is 100% free for borrowers — there are no broker fees, no consultation charges, and no hidden costs. Nook earns a referral fee from the bank only when your loan is successfully approved, which means our incentive is always aligned with getting you the best possible outcome.
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