Thousands of UnionBank borrowers are paying rates above 7% or higher — Nook can help you refinance to as low as 5.99% p.a. at zero cost to you.
YOUR POTENTIAL SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
UnionBank is one of the Philippines' most digitally advanced banks, and their home loan products are genuinely competitive — especially for borrowers who qualify for their 7.00% fixed rate on new purchases or home equity loans. But if you took out your loan a few years ago or are mid-way through a repricing cycle, there's a good chance your current rate is sitting well above what's available in the market today. That gap, even at just 1–2 percentage points on a ₱3,000,000 loan, can translate to tens of thousands of pesos in unnecessary interest every year.
Refinancing doesn't mean leaving UnionBank — it means using competition in the market to your advantage. Through Nook, you can compare UnionBank's own refinancing rates against other leading Philippine banks and make a fully informed decision. If UnionBank offers the best deal, great. If another lender can save you more, you'll know before you commit. You can learn more about UnionBank's current housing loan rates and requirements to understand exactly what you're working with before applying.
Nook's service is completely free for borrowers — we're paid by the banks, not by you. Our mortgage specialists handle the paperwork, coordinate with lenders, and guide you through every step of the refinancing process. Whether you're a salaried employee, an OFW, self-employed, or a business owner, UnionBank's flexible eligibility criteria (minimum monthly income of ₱30,000, accepting private, government, BPO, OFW, and self-employed applicants) makes them a strong option worth exploring. See the full UnionBank housing loan requirements to check your eligibility today. Interest rates are subject to change — always verify current rates 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 — Nook works with UnionBank and several other leading Philippine banks, so we can help you refinance your existing home loan whether you want to stay with UnionBank or switch to a different lender. We'll compare all available options and present you with the rates and terms that work best for your situation. The entire process is free for you as the borrower.
The best refinancing rate currently available through Nook is 5.99% p.a., though the rate you qualify for will depend on your loan amount, remaining term, income, and the lender's assessment. UnionBank currently offers rates starting at 7.00% for home equity and fixed-rate products. Rates are subject to change, so we recommend getting a personalised quote through Nook to see your actual options.
On a ₱3,000,000 loan with 20 years remaining, moving from 8.50% to 5.99% could reduce your monthly payment by roughly ₱3,962 — that's over ₱47,000 saved in the first year alone. Your actual savings will vary based on your outstanding balance, remaining term, and the rate you qualify for, but even a 1–2% reduction typically results in significant long-term savings.
For most refinancing applications, you'll need a valid government ID, proof of income (payslips or ITR for the last two years), a copy of your existing loan statement, and your property's title and tax declaration. If you're self-employed or an OFW, additional documents may be required. Nook will give you a personalised document checklist once you submit your initial details.
The refinancing process in the Philippines generally takes 4 to 8 weeks from submission of complete documents to loan release, though timelines can vary depending on the lender and the complexity of your application. UnionBank is known for its digital-first processes, which can help speed things along. Nook keeps you updated at every stage so you always know where your application stands.
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