Homeowners currently on a UnionBank home loan could save over 58,000 per year by refinancing to a lower rate through Nook — completely free.
POTENTIAL MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
Many Filipino homeowners took out a UnionBank home loan during a period of higher interest rates and have been paying rates between 7.5% and 10% ever since. If your loan is already a few years old and you haven't reviewed your rate recently, there's a strong chance you're overpaying every single month. Refinancing means replacing your existing loan with a new one at a lower interest rate — and the savings can be significant over the remaining life of your loan. Through Nook, you can explore a UnionBank housing loan refinance or compare UnionBank's own competitive refinancing rates against other top Philippine banks, all in one place.
UnionBank is actually one of Nook's partner banks and offers some of the more accessible refinancing options in the market — with a 1-year fixed rate starting at 7.00% p.a., a minimum monthly income requirement of just 30,000, and a maximum debt-to-income ratio of 50%. That means even borrowers with existing financial commitments may still qualify. UnionBank accepts a wide range of employment types including private employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and professionals. Whether your property is ready for occupancy, pre-selling, or you're looking for a home equity loan, UnionBank covers a broad range of loan purposes. You can review UnionBank housing loan requirements to get a clearer picture of eligibility before you apply.
The best refinance rate currently available through Nook is 5.99% p.a. — and getting there starts with a free, no-obligation comparison through our platform. Nook is the Philippines' first digital mortgage broker, and our service costs borrowers absolutely nothing. We do the legwork of comparing rates across multiple banks so you don't have to. Whether you choose to refinance with UnionBank or switch to another lender entirely, Nook helps you make the most informed decision for your household. Note that interest rates are subject to change — we always recommend verifying current rates directly with your chosen bank before proceeding.
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, this is called an internal refinance or loan restructuring, and UnionBank does offer it in certain cases. However, many borrowers find better rates by switching to a different lender — which is why it's worth comparing both options before deciding. Nook can help you see all your choices side by side at no cost.
UnionBank offers a 1-year fixed refinancing rate starting at 7.00% p.a. for qualified borrowers. This is one of the more competitive rates available in the Philippine market today. Keep in mind that rates are subject to change, so it's best to confirm the latest figures directly with UnionBank or through Nook.
Your savings depend on your outstanding loan balance, remaining term, and the rate difference between your current loan and the new one. On a 3,000,000 loan with a 20-year remaining term, switching from 8.50% to 5.99% could save you nearly 3,900 per month. Use Nook's free comparison tool to get a personalised estimate based on your actual loan details.
Standard refinancing documents typically include a valid government-issued ID, proof of income (payslips or ITR), a copy of your existing loan statement, and property documents such as the TCT and tax declaration. The exact requirements may vary depending on your employment type and the bank you're refinancing with. You can find a more detailed breakdown in our guide to UnionBank housing loan requirements for 2026.
Yes, Nook's mortgage brokering service is 100% free to you as the borrower — there are no consultation fees, application fees, or hidden charges. Nook earns a referral fee from the bank when your loan is successfully processed, which means you get expert guidance and rate comparisons at zero cost. It's one of the easiest ways to make sure you're getting the best deal available in the market.
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